The Big Three in Economics phần 10 pps

... bestsellers include The Mak - ing of Modern Economics and The Power of Economic Thinking. In 2006, he compiled and edited The Compleated Autobiography, by Benjamin Franklin. In honor of his work in economics, ... Brace. Hart, Michael H. 1978. The 100 : A Ranking of the Most In uential Persons in His- tory. New York: Hart. ———. 1992. The 100 : A Ranking of the M...

Ngày tải lên: 09/08/2014, 20:20

... descended from the Negroes who joined in Moses’ flight from Egypt (unless his mother or grandmother on the father’s side was crossed with a nigger). 72 THE BIG THREE IN ECONOMICS dressing-gown and ... History According to this theory, slavery was viewed as the principal means of production or thesis during Greco-Roman times. Feudalism became its main antithesis in the...

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... by the time he died in 1946. Given that 158 THE BIG THREE IN ECONOMICS To generate interest in their theory and proposal, in 1927 they offered a prize of $5,000 to anyone who could refute them. ... demonstrated 10. Foster and Catchings rejected all arguments and never paid the prize money. 162 THE BIG THREE IN ECONOMICS Since MPC = .90 in the example abov...

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... Except in extreme circumstances, savings are invested. As income increases, savings and investment both increase together. Thus, there is no intersection of S and I at a single point and therefore ... The Keynesian Cross of National Income Determination: How Saving and Investment Determine Income Source: Samuelson (1948: 259). Reprinted by permission of McGraw-Hill. 166 THE BIG...

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... and the Totem Pole The stories and ideas of these Big Three economists are told in context of a larger history I have described in greater detail in The Making of Modern Economics. In the introduction ... Skousen M.E.Sharpe Armonk, New York London, England 14 THE BIG THREE IN ECONOMICS the students, but for the interest, or more properly speaking, for the...

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... made to it during the celebrations of the centenary of The Wealth of Nations in 1876. In fact, in the famed edited volume by Edwin Can- nan, published in 1904, the index does not include a separate ... believing in the marketplace, Smith was no apologist for 22 THE BIG THREE IN ECONOMICS thus derive from his luxury and caprice, that share of the necessarie...

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... credence to the story that the American founding father, Benjamin Franklin (1706–90), 42 THE BIG THREE IN ECONOMICS considered by contemporaries as one of the three greatest economics inventions ... and single tax movement in the late nineteenth century. Ricardo Searches in Vain for Intrinsic Value in Labor Finally, Ricardo was determined to find an “invariable...

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... socialism. In the first edition of The 100 : The 100 Most In uential People in the World (1978), author Michael Hart placed Marx ahead of Smith. But in the second edition, written in 1992 after the ... satisfaction in wages and the lower degree of risk involved in working in the business. After Böhm-Bawerk’s attack on Marxist doctrines of surplus value, fe...

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... noted in chapter 1). Welfare economics deals with the issues of efficiency, justice, economic waste, and the political process in the economy. Since the 134 THE BIG THREE IN ECONOMICS The capitalist ... equal the product of marginal labor,” or what the last worker is paid (Clark 1965 [1899], 106 ). Clark used his marginal productivity theory to justify the...

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... the multiplier. Thus, we have a sea change in economics, and this coming from Cambridge, Massachusetts, the same place the Keynesian revolution originated in America. 192 THE BIG THREE IN ECONOMICS Milton ... of a changing fundamental philosophy. Dubbing the classical model the real economy in the long run,” Mankiw pinpointed the effects of an increase in gov...

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