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Persistent link: https://www.econbiz.de/10008575430
The aim of this paper is to reconstruct the theory of division of labour and economic growth proposed by Adam Smith and … central role in capital accumulation and technological progress. We suggest that, according to their theory: 1) economic … Young still insightful for the development of growth theory, even in the light of the modern approach of endogenous growth …
Persistent link: https://www.econbiz.de/10005505343
In this paper I argue that Bernard Mandeville, Jean Jacques Rousseau and Adam Smith are confronted to the same question: how to explain values from a naturalistic origin of morality. An in-depth analysis of their theories of human nature and market society will show that Rousseau is further from...
Persistent link: https://www.econbiz.de/10005505393
Constitutional economics proposes and pursues a solution to public-policy problems, one that supplies rules designed to narrow the opportunity set of rational politicians. This work proposes and pursues “rational policy” as a complementary strategy to solve public-policy problems, where...
Persistent link: https://www.econbiz.de/10005542072
Why do people give away knowledge in tutoring other people's children or when mentoring junior employees? Neoclassical economists explain informal learning as rational behavior that arises out of enlightened self-interest. They can also justify it as acts that satisfy the agent's preferences for...
Persistent link: https://www.econbiz.de/10005482950
Belles Lettres are useful companions to The Theory of Moral Sentiments in analyzing the mechanisms whereby literature and the …
Persistent link: https://www.econbiz.de/10005483099
This paper investigates the relationship between the policy regime and growth during 1950-64 termed here ‘the Nehru era’. While there exist valuable early appraisals of the period, access to new data and fresh information allows for a longer and comparative view of the outcome. [WP...
Persistent link: https://www.econbiz.de/10005487561
Legal processes have a theatrical component to them. They offer an audience (the spectators) and actors (the legal parties, lawyers, as well as the jury and judge) who perform a play on the stage of the courtroom. In this paper we focus on the role of the jury, which appears to be simultaneously...
Persistent link: https://www.econbiz.de/10005458958
unites and synthesizes these different sources and excerpts those parts that confirm his theory. Smith should have listed his …
Persistent link: https://www.econbiz.de/10005463054
Classical Macroeconomics and for Real Business Cycle Theory. These are intellectual movements that engage many of the best …
Persistent link: https://www.econbiz.de/10005464011