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Adam Smith's ideas about the invisible hand, was a major contribution to an ongoing tradition in monetary theory in whose …
Persistent link: https://www.econbiz.de/10010291902
Keynesian economics dominated economic thought and macroeconomic policy-making in the 1950s and 1960s. However, the diffusion of Keynesian economics has been uneven. In this paper, we compare the spread of Keynesian economics in two continental European countries: Belgium and Italy. We focus on...
Persistent link: https://www.econbiz.de/10011506634
career as an academic, focusing on growth theory and Belgian and European growth patterns in the post-war period. His work is … eclectic approach towards economics, blending economic theory and empirical data beautifully to elucidate crucial policy …
Persistent link: https://www.econbiz.de/10011506683
This paper argues that despite a growing body of scholarly literature on Sir James Steuart, his theory of history and … recognized. In particular, we contend that Steuart, via Hegel, may have exercised an indirect influence on Marx's own theory of …
Persistent link: https://www.econbiz.de/10010288075
General Theory once again tackles the matter of measuring aggregate values adopting a net approach and introducing an ad hoc …
Persistent link: https://www.econbiz.de/10012157021
Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...
Persistent link: https://www.econbiz.de/10011784683
The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating … economy in the face of macroeconomic shocks. Views on this question have been shaped by experience, theory and ideology to …
Persistent link: https://www.econbiz.de/10013464620
Die Begriffe Wohlfahrt und Wohlstand werden in ihrem dogmenhistorischen Entstehungskontext untersucht. Dabei wird zum einen der Schwerpunkt auf die von den Physiokraten, aber auch von John Stuart Mill, W. Stanley Jevons und sogar von deutschen Ordoliberalen thematisierten Wachstumsgrenzen gelegt...
Persistent link: https://www.econbiz.de/10010286369
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
Adam Smith's ideas about the "invisible hand", was a major contribution to an ongoing tradition in monetary theory in whose …
Persistent link: https://www.econbiz.de/10011592187