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This paper is focused on the notion of wealth as used by different authors in different periods of time. The paper … deals with the contrast between the notion of wealth shared by all major classical economists, particularly by Adam Smith … subsequently held by Irving Fisher and other Neoclassical economists(whereby the wealth of an individual is brought to centre stage …
Persistent link: https://www.econbiz.de/10005836064
A short cultural history of the impact of Ethical Investment and Consumers over the years. Primarily from a UK based perspective looking at the evoluton of ethical business issues and their contemporary impact. Topics covered include impacts in books, films and foreign policy. History of...
Persistent link: https://www.econbiz.de/10011107365
This paper provides an introductory overview of the meaning and measurement of national accounts statistics. Attention is paid to the various uses of national accounts, the role of the international guidelines, the relationship with economic theoretic and administrative concepts and the...
Persistent link: https://www.econbiz.de/10011107974
This document tries to show the requirements for the process of profit maximization in the microeconomic analysis and show their relation to those with Euler's theorem. The aim is to recognize the importance of decreasing returns to scale and give a possible explanation for the positive profits...
Persistent link: https://www.econbiz.de/10011108018
business history circles about the need to theorize the historian as author and creator of narratives, a fuller reflection on …
Persistent link: https://www.econbiz.de/10011108019
Constant returns to scale (CRS) is one of the corner-stones of the competitive general equilibrium paradigm of neoclassical economics. This note argues that the equilibrium solutions of this paradigm are not compatible with CRS. CRS implies that all producers (whatever their scale of production)...
Persistent link: https://www.econbiz.de/10011108250
capitalism in the 19th century answered the need for global-scale self-organization; (b) this scheme, interrupted by World War I …
Persistent link: https://www.econbiz.de/10011108559
Economy can be generally described as a bunch of value streams. At least a part of capital accumulation is assumed to be the consequence of value stream blockage, and a means too keep such blockage. Negative relation between capital accumulation and foreign trade balance coming out from this...
Persistent link: https://www.econbiz.de/10011109108
This is an essay on the philosophy of science and the methodology and historiography of political economy. It deals with theory appraisal and with the question of which rules, if any, should deal with the search for progress in economic knowledge. (Here is the portion of the essay written by...
Persistent link: https://www.econbiz.de/10011109592
From a broad philosophical framework, this paper addresses the relation between freedom and economic performance. It argues for the thesis that, although a liberal system does not guarantee absolute harmony, is the only "convenient" and morally valid for a modern society. The core of this...
Persistent link: https://www.econbiz.de/10011109963