A Companion to the History of Economic Thought - Overview ppt
A Companion to the History of Economic Thought - Overview ppt
... his-torians of economic thought pursue their work. The result is that we have the history of economic thought (the history of ideas), the history of economics as a dis-cipline (the sociology of ... state of understand-ing and interpretation of those topics. That there is a history of understandingand interpretation for each topic is an important point, one that leads to several of the topics ... University of Amsterdam, The Netherlands. He specializes in the history and methodology of Marx’s and Marxian theory, and dialectical researchmethods.S. Abu Turab Rizvi is Associate Professor of Economics...
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A Companion to the History of Economic Thought - Chapter 1 pot
... Waterman, deal with the basichistoriographic issues that have generated and are revealed by the many researchstyles found in the literature of the history of economic thought. Research in the ... Historians have followed the ideas of economists as they passed into and through the hands of – and were often trans-formed by – popularizers, intellectuals-at-large, literary figures, and others ... answer, paraphrasing JacobViner’s answer to the question “What is economics?,” that the history of thought is “what historians of economic thought do.” One purpose of this Companion is to acquaint...
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A Companion to the History of Economic Thought - Chapter 2 ppt
... Platonic absolutism was shaken to the core.It was partially salvaged by Eudoxus’ importation from Chaldea of a dialecticalapproach to irrationals that became a mathematical image for judicial, ... into a near-mystical formulation of ideal models. This view of a rational perfectible administration is elaboratedbelow in the discussion of analysis. The Platonic theory of the “Ideas,” clearlyexpounded ... the Near East into the Islamic culture. Note that since adminis-tration and mathematical procedures are products of human understanding andpolicy, they are clear repositories of the level of...
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A Companion to the History of Economic Thought - Chapter 3 pptx
... translated into the Arabiclanguage.In spite of the significance of the 1964 path-breaking article by Spengler, the real challenge to the Schumpeterian Great Gap thesis came about as a result of ... Arab-Islamic inappropriate. Writing in Arabic, the language of theology, the Prophet and the Caliphs until the Ottoman days, and the medieval international language of Muslims from Spain to the Far ... Persian translation by Sajadi. Teheran,Iran: Zuhuri.Ghazali, Abu Hamed undated: Ihya-al-Ulum al-Din (Revival of the Religious Sciences), 4 vols.Beirut, Lebanon: Dar al Nadwaa.—— 1927: Kitab Tahafut...
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A Companion to the History of Economic Thought - Chapter 4 ppsx
... ideas. As we haveseen, many of them were preoccupied with the importance of trade and paymentbalances, defined either as a positive balance of trade theory or as a positivebalance of labor theory. ... “national economist” was the American Alexander Hamilton, the first financeminister of the USA. At the American Congress in 1790, he presented a “Reporton Manufactures.” Hamilton was familiar ... modernization and growth. Although the balance of tradetheory was perhaps an analytic blind shot, it was rational in a more general andhistorical sense, as it emphasized the pivotal role of protectionism...
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A Companion to the History of Economic Thought - Chapter 5 ppsx
... that the latter could payall of the taxes to the king and the Church. Then farmers would no longer fear the tax administrators and their capital would be free of any threat, as wouldbe the agricultural ... while also claiming to haveexamined in detail the formation and the working of capital and the interest rate.As a matter of fact, while the physiocrats focused on Quesnay’s economic table – a tool ... explained that calculus was a meta-physical tool, free of any sensationalistic basis, and useless in political economy.Empirical accuracy and rhetorical advantage were important aims, but Ques-nay...
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A Companion to the History of Economic Thought - Chapter 6 docx
... but this is a misleading way to categorize them. Tradehad always been taxed and regulated, and there was no established notion of freetrade to act as a benchmark. What was new in the seventeenth ... by any of the varied factors thathe thought relevant) could lead to unemployment. It was the duty of the states-man to ensure that the people were employed.Steuart had a very ambivalent attitude ... it to fall again.Low interest was the “causa causans” of prosperity because it would encouragemerchants and farmers to expand their businesses, and it would also encouragePRE-CLASSICAL ECONOMICS...
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A Companion to the History of Economic Thought - Chapter 7 ppsx
... turn, the capital of the wholesale merchant replaces, together with their profits, the capitals of the farmers and manufacturers of whom he purchases the rude andmanufactured products that he deals ... not easily attainable in an age inwhich the division of labor has increased the quantity of science through special-ization. Smith was aware of the division of labor in different areas of science,and ... to replace more durable goods that have reached the end of their lives in the current period. In a similar manner, undertakers andmerchants may also add to their stocks of materials, or to their...
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A Companion to the History of Economic Thought - Chapter 8 ppsx
... classical analysis, a tax on wage goodswas generally to be passed on, implying that it increased the size of the wagefund), and the division of a given stock of capital between fixed and variablecapital.PROFITProfit, ... land, andincrements of rental value. The classical economists approached the analysis of taxation in two differentways. The first was taxation of factor rewards – wages, profits, and rent. The second ... elimination of rent from cost, hewrestled vainly with the problem of capital and the nature of profit. Torrensadopted a different approach and argued that relative amounts of capital, ratherthan...
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A Companion to the History of Economic Thought - Chapter 9 docx
... drives the returns to the variable factors, labor and capital, down. The secular fall in the real wage is smaller than the fall in the marginal product, so the wage share rises and profits fall, a ... reduces the growth rate of capitalaccumulation and, consequently, the growth of labor demand. As what wouldlater be known as the marginal product of the composite labor and capital inputfalls, ... mental exertion. If the negroes of Jamaica and Demerara, aftertheir emancipation, had contented themselves, as it was predicted they would do,with the necessaries of life, and abandoned all labour...
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