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Although Gerolamo Boccardo did not contribute an original theory of crises in his own Dizionario della economia politica (1857) - he relied, in fact, on the one formulated a few years earlier by Charles Coquelin - he introduced some interesting innovations. In particular, he examined the...
Persistent link: https://www.econbiz.de/10013119910
This paper honors Don Lavoie's work on the relationship between theory and history in Austrian economics by using the current recession as an example of many of the ideas found in his paper on the “Interpretive Dimension of Economics.” More specifically, I start from the premise that all...
Persistent link: https://www.econbiz.de/10013135386
The citation for Milton Friedman's Nobel Prize of 1976 points to three contributions. In two cases, the principal works the Committee must have had in mind are easy to identify. The question of what was intended by the third – ‘his demonstration of the complexity of stabilization policy' –...
Persistent link: https://www.econbiz.de/10012894395
The idea of measuring scientific relevance by counting citations is gaining ever-growing consensus among economists, and thanks to the electronic bibliographic resources now available the procedure has become relatively simple and fast. However, when it comes to putting the idea into practice...
Persistent link: https://www.econbiz.de/10013160333
Warum steigt ein Land zur Wirtschaftsmacht auf? Sind Freihandel und Globalisierung Allheilmittel? Was ist die Ursache für die europäische Währungskrise? Bei seiner Reise durch die Wirtschaftsgeschichte von den mächtigen Stadtstaaten der Renaissance bis zum aktuellen Aufstieg Chinas und...
Persistent link: https://www.econbiz.de/10010413411
and moral philosopher, Adam Smith, considered how nations could achieve wealth. Today, however, in an era where capitalism …
Persistent link: https://www.econbiz.de/10015206748
Middle Ages, the influence of mercantilism and physiocracy, the profound contributions of Adam Smith, David Ricardo, and Karl …
Persistent link: https://www.econbiz.de/10015189981
Smith's absolute versus Ricardo's comparative cost advantage has to be dismissed …David Ricardo indicated in his famous numerical example in the Principles that it would be advantageous to Portugal to … that Ricardo had formulated a new law, principle or rule for international specialization, known as comparative advantage …
Persistent link: https://www.econbiz.de/10012853176
Adam Smith's relevance for today is not limited to his analysis of crony-capitalism, but includes also important …
Persistent link: https://www.econbiz.de/10012891986
General social theory provides a framework within which accounting and its role in advancing business and society can be examined, including historical development and functions. This study examines the advent of accounting in business governance, from ancient origins to present day, from the...
Persistent link: https://www.econbiz.de/10012947952