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propositions in economics, profit maximization and its implications and the Theory of Tariffs)C: Practical Welfare Economics (the …
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Introduction: the choices for wealth over health of nations -- 1. For economic growth and individualism over the land: Adam Smith -- 2. For deductive method and rent over poor relief: David Ricardo and Thomas Malthus -- 3. For maximizing wealth with social redistribution over production reform:...
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The distribution of human capital and income lies at the center of a nexus of forces that shape a country’s economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
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