24FEB 2017
Schools of Economic theory

Schools of Economic theory

In an age where tuition is on the rise, high school students are skipping college to start their own companies, and technology offers alternative ways to learn, this special series podcast brings you insights from a diverse group of experts, entrepreneurs, and college students to help you decide for…
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20FEB 2017
Economic theory in Retrospect

Economic theory in Retrospect

This is a history of economic thought from Adam Smith to John Maynard Keynes-but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader s Guides to nine of the major texts of economics in the effort to encourage students…
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16FEB 2017
Examples of Economic theories

Examples of Economic theories

Economic theorists have worked hard to lower expectations for their field. The standard line (originally due, I think, to Keynes?) is that, unlike a science like biology that can be applied to the real world, economic theory merely gives people a way to think about complex issues in an intellectually…
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12FEB 2017
Friedrich von Hayek Economic theory

Friedrich von Hayek Economic theory

Friedrich A. Hayek, who died on March 23, 1992, at the age of 92, was probably the most prodigious classical liberal scholar of the 20th century. Though his 1974 Nobel Prize was in Economic Science, his scholarly endeavors extended well beyond economics. He published 130 articles and 25 books on topics…
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08FEB 2017
Adam Smith Lectures on Jurisprudence

Adam Smith Lectures on Jurisprudence

632 words (1.8 double-spaced pages) Rating: Red (FREE) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Adam Smith s Lectures on Jurisprudence Adam Smith, in his Lectures of Jurisprudence, makes an argument for the necessity of marriage through biological mechanisms. While superficially…
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04FEB 2017
Adam Smith profile

Adam Smith profile

The Leadership Institute is the sole producer and distributor of Adam Smith ties and products in the United States. To view the shop click here or to get more information contact . By: Amy Green Dubbed by Time as the neckpiece of conservative Washington,the Adam Smith tie has quite the distinguished…
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31JAN 2017
Alfred Marshall Economic theories

Alfred Marshall Economic theories

Alfred Marshall was an English economist (1842-1924), and the true founder of the, which combined the study of wealth distribution of the with the of the and the . Professor at Cambridge, he was the author of “Principles of Economics”, 1890, which became the most widely read manual in microeconomics…
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27JAN 2017
Adam Smith tax principles

Adam Smith tax principles

By Jared Rhoads Federal tax returns are due soon, once again leaving some of us wondering where our money goes and what we get for it. Last year, federal tax revenue plunged 34 percent to $138 billion. With fewer people working and uncertainty surrounding the uptake of deductions, the IRS does not know…
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23JAN 2017
Adam Smith Illuminati

Adam Smith Illuminati

The Shabbatean Frankists Shabbetai Zevi A new order would be formed within Freemasonry, a secret society within a secret society, founded by members of a Jewish family, the Rothschilds, who were affiliated with a development of Lurianic Kabbalah headed by false messiah known as Shabbetai Zevi. According…
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19JAN 2017
What is the Keynesian Economics theory?

What is the Keynesian Economics theory?

John Maynard Keynes’s 1936 book The General Theory of Employment, Interest, and Money attempted to overthrow classical theory and revolutionize how economists think about the economy. Economists who build upon Keynes’s General Theory to analyze the economic problems of the twenty-first-century global economy are called Post Keynesians. Keynes’s “principle of effective demand”…

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15JAN 2017
Revealed preference theory in Economics

Revealed preference theory in Economics

Let there be two bundles of goods, a and b, available in a budget set . If it is observed that a is chosen over b, we say that a is (directly) revealed preferred to b. Two-Dimensional Example[edit] If the budget set is defined for two goods; , and determined by prices and income , then let bundle a be and bundle b be . This situation would typically be represented arithmetically…

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11JAN 2017
Theories of profit in Managerial Economics

Theories of profit in Managerial Economics

| Lasse Lien | The word equilibrium should perhaps be used sparingly here in this Austrian stronghold. Nevertheless, I shall dare to use it once or twice below. One of the biggest buzzes at the recent Academy of Management meeting in Atlanta was Richard Makadok’s paper, “Four Theories of Profit and Their Interaction.” Makadok’s main point was that we have four main classes…

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07JAN 2017
Human capital theory Economics

Human capital theory Economics

Human-capital theory This is a moden extension of Adam Smith s explanation of wage differentials by the so-called net (dis)advantages between different employments. The costs of learning the job are a very important component of net advantage and have led economists such as Gary S. Becker and Jacob Mincer to claim that, other things being equal, personal incomes vary according…

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03JAN 2017
Adam Smith 1776

Adam Smith 1776

Of the advantages which Europe has derived from the discovery of America. Those advantages may be divided, first, into the general advantages which Europe, considered as one great country, has derived from those great events; and, secondly great events; and secondly, into the particular advantages which each colonizing country has derived from the colonles which particulars…

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30DEC 2016
Adam Smith Consulting

Adam Smith Consulting

How we work with clients Adam Smith, Esq. Consulting Services offers law firms deep analysis and concrete solutions leading to meaningful increases in performance—helping firms better prepare for tomorrow. We work with firms of all sizes in all market segments. In every engagement, our overriding goal is to achieve meaningful improvements in performance through genuine insights…

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