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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
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de Say, Ricardo ou Smith. Il montre que Rossi développe une théorie de la valeur originale qui emprunte à la fois à la …
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foremost the new proposition that his labor theory of value does not regulate the price of international transactions when the …
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The present paper establishes a general picture of Say's economic thought. The first part provides a general view of Say's writings stressing his economic publications other than the Traite, and the non-economic publications covering two other realms of what was labelled the Sciences morales et...
Persistent link: https://www.econbiz.de/10009219753
The paper discusses the analyses of technical progress, capital accumulation and income distribution elaborated by three major classical economists: Adam Smith, David Ricardo and Karl Marx. The interpretation given is partly inspired by Piero Sraffa's studies in his hitherto unpublished papers....
Persistent link: https://www.econbiz.de/10009221586
La historia del crecimiento económico se remonta a los primeros clásicos como Adan Smith, David Ricardo y Thomas Malthus, estos economistas desarrollaron el tema del crecimiento he introdujeron conceptos como; rendimientos decrecientes y su relación con la acumulación de capital físico o...
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classical rule of specialization and the proposition regarding the non- appliance of the labor theory of value in international …
Persistent link: https://www.econbiz.de/10009397179
The theory of comparative advantage is widely misunderstood to demonstrate the universal superiority of free trade. In … fact, the theory depends upon a number of key assumptions and fails if they are relaxed. Empirically, many of these …
Persistent link: https://www.econbiz.de/10010669863
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