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The paper presents a survey of the complex relation between the production of primary commodities and economic growth throughout the history of economic thought. Some of the main topics investigated are: the apparent contrast between the theoretical advantages of natural wealth and the...
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Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10011653595
In den Wirtschaftswissenschaften lassen sich zwei Theorietypen unterscheiden: Die "idealistische Ökonomie" geht von einem Idealzustand aus und untersucht die Bedingungen, unter denen dieser erreicht werden kann wie die Eigenschaften des "homo oeconomicus". Die "realistische Ökonomie" geht vom...
Persistent link: https://www.econbiz.de/10012134042
What are the causes of prosperity? In addition to saving, capital accumulation, and good institutions, Adam Smith explains opulence through vanity and luck, two variables we tend to forget today. For Smith, wealth comes from our propensity to better our condition, combined with freedom and the...
Persistent link: https://www.econbiz.de/10013295289
-cultural communication theory, which starts out from the observation that the Chinese model was already influential during the European … woven together in a comparison between Confucian thinking and Adam Smith, especially with regard to the ‘Theory of Moral …
Persistent link: https://www.econbiz.de/10014275836
conundrum on account of the fact that according to conventional economic theory nutritional status was not expected to diminish …
Persistent link: https://www.econbiz.de/10009526181
conundrum on account of the fact that according to conventional economic theory nutritional status was not expected to diminish …
Persistent link: https://www.econbiz.de/10014171782
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