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Blending past and present, this brief history of economics is the perfect book for introducing students to the field. A Brief History of Economics illustrates how the ideas of the great economists not only influenced societies but were themselves shaped by their cultural milieu. Understanding...
Persistent link: https://www.econbiz.de/10011183881
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 The interpretation given is partly inspired by Piero Sraffa's studies in his hitherto unpublished papers....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
de Say, Ricardo ou Smith. Il montre que Rossi développe une théorie de la valeur originale qui emprunte à la fois à la …
Persistent link: https://www.econbiz.de/10011274989
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...
Persistent link: https://www.econbiz.de/10009318871
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David Ricardo’s criticisms of Adam Smith on value and wealth have been rather ignored in the recent revival of Ricardian economics. This essay intends to fill the gap by revisiting Smith’s link between value and wealth in the light of Ricardo’s criticisms. This is done in two steps. The...
Persistent link: https://www.econbiz.de/10010598483
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The well-known enduring controversy on the interpretation of Ricardo's wage theory, and by implication on classical … wage theory, has undoubtedly been fuelled by the existence of some inconsistencies in Ricardo's writings. However, as far ….. The present paper aims to provide a critical overview of the controversy concerning the interpretation of the theory of …
Persistent link: https://www.econbiz.de/10008464954
Persistent link: https://www.econbiz.de/10005013142
Adam Smith justified the contemporary usury laws and was severely criticised by Bentham and most modern writers with the important exception of J.M. Keynes. We argue that pace Bentham, Smith did not intend to preclude loan financing of all 'risky' ventures and give a 'monopoly' to safe...
Persistent link: https://www.econbiz.de/10009219729