A Companion to the History of Economic Thought - Chapter 31 pdf

... what basis are we to accept the authority of the economics profession as an arbiter of meaning for economics texts? Are we to accept its authority because of the validity of current economics theory, ... language of current science in order to challenge current theory, we might think of them as the use of the past to advance toward the future, rather than a...

Ngày tải lên: 06/07/2014, 03:20

... that aspect of economic activity should also be adopted, and for the same reason, namely that it was an accurate description of what happened in the real economy: “M r Walras has shown that the ... equilibrium of society as a whole. He was not able, however, to achieve a satisfactory syn- thesis of the diverse materials that enter into the problem. In particular, he...

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... paper as the capstone of the Walrasian program, but we must now try to appraise their achievement from the vantage point of a half-century later. The ascendancy of the end-state conception of equilibrium ... change in the rate of interest and the capital–labor ratio, and is the rate of interest a function of the relative scarcity of capital in the eco...

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... estab- lishment of a relatively stationary state of economic activity accompanied by a reasonable standard of economic well-being. For Plato and Aristotle, the most straightforward means of attaining ... Pigovian welfare theory It was the triumph of A. C. Pigou to graft the analysis of the potential for market failure evidenced in Sidgwick to the emerging th...

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... Waterman, deal with the basic historiographic issues that have generated and are revealed by the many research styles 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, l...

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... Platonic absolutism was shaken to the core. It was partially salvaged by Eudoxus’ importation from Chaldea of a dialectical approach 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 elaborated below in the discussion of analysis. The Platonic theor...

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... translated into the Arabic language. 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...

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... ideas. As we have seen, many of them were preoccupied with the importance of trade and payment balances, defined either as a positive balance of trade theory or as a positive balance of labor theory. ... “national economist” was the American Alexander Hamilton, the first finance minister of the USA. At the American Congress in 1790, he presented a “Report on Manufacture...

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... that the latter could pay all 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 would be the agricultural ... while also claiming to have examined in detail the formation and the working of capital and the interest rate. As a matter of fact, while the physiocrats...

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... but this is a misleading way to categorize them. Trade had always been taxed and regulated, and there was no established notion of free trade to act as a benchmark. What was new in the seventeenth ... by any of the varied factors that he thought relevant) could lead to unemployment. It was the duty of the states- man to ensure that the people were employed. Steua...

Ngày tải lên: 06/07/2014, 02:20