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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
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
This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the...
Persistent link: https://www.econbiz.de/10011990204
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
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
Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The marginalists - especially Jevons and Walras - viewed...
Persistent link: https://www.econbiz.de/10011761426
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
macroeconomics. The paper ends with a few remarks about the impact of the present crisis on the development of macroeconomic theory …
Persistent link: https://www.econbiz.de/10011506707
This paper compares Deirdre McCloskey's reading of the "bourgeois reevaluation" with Sergio Ricossa's. Italian economist Sergio Ricossa was – like McCloskey – schooled in the neoclassical, formalistic tradition, but in time drifted toward a more "Austrian" approach, as he was influenced by...
Persistent link: https://www.econbiz.de/10014522604