01MAR 2016
Theories on economic development

Theories on economic development

Readers Question: undertake an evaluation of what governments can learn from economic theory about raising their economies long-term growth rate? The long-term growth rate depends upon the underlying trend rate of economic growth rate. This underlying trend rate of growth depends primarily on the growth…
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16JAN 2016
Rostow theory of economic development

Rostow theory of economic development

We explain below briefly Rostow’s five stages of growth: 1. Traditional Society: This initial stage of traditional society signifies a primitive society having no access to modern science and technology. In other words, it is a society based on primi­tive technology and primitive attitude towards the…
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16NOV 2017
Adam Smith role of government

Adam Smith role of government

Lagrangian Republican Association promotes the establishment of independent and sovereign republic, which is based on the principles classical republicanism and classical liberalism. With classical liberalism we mean the tradition in political theory based on the works of Adam Smith and John Stuart Mill…
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07JUL 2016
Community economic development theories

Community economic development theories

HOPE VI is a competitively funded, public housing redevelopment program with several competing goals. First, it seeks to revitalize deteriorated inner city communities. Second, the program attempts to transform dense, high-rise public housing that has housed the lowest income tenants into developments…
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07AUG 2017
Adam Smith and the Enlightenment

Adam Smith and the Enlightenment

Adam Smith s best-known book, An Inquiry into the Nature and Causes of the Wealth of Nations , still exerts an extraordinary influence, well over 200 years after it was first published in 1776. Many people know some of the book s most celebrated passages; a few even still read it. It is acknowledged…
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28AUG 2015
Adam Smith The theory of Moral Sentiments

Adam Smith The theory of Moral Sentiments

Chap. I Of the beauty which the appearance of Utility bestows upon all the productions of art, and of the extensive influence of this species of Beauty That utility is one of the principal sources of beauty has been observed by every body, who has considered with any attention what constitutes the nature…
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14SEP 2014
Dr. Adam Smith Fort Worth TX

Dr. Adam Smith Fort Worth TX

/PRNewswire/ - The ORBERA™ Managed Weight Loss System received its final approval on Wednesday, August 5th and Ultimate Bariatrics is proud to be one of the first in the country to offer this new tool in helping people achieve their weight loss goals. Ultimate Bariatrics is excited to share that the U.S. Food and Drug Administration has approved ORBERA™, a safe and effective…

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02JUL 2015
Invisible hand theory by Adam Smith

Invisible hand theory by Adam Smith

The Idea of invisible hand was introduced by Adam Smith in his book Wealth of Nations first published in 1776. Smith uses this concept to describe a paradox of laizzes-faire or perfect completion, in which every person in an economy working to achieve his own selfish goals leads to benefit of all.The individual neither intends to promote the public nor he knows how much he…

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22JAN 2016
Adam Smith Classical theory

Adam Smith Classical theory

The publishing of An Inquiry into the Origin and Causes of the Wealth of Nations by Adam Smith in 1776 was an event destined to change the world. By offering a powerful argument in favor of free markets, Smith helped to usher in an era of prosperity and to defeat the faulty premises of the mercantilists. However, the classical theory was not complete when Smith put pen to paper…

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24MAY 2015
Theory of Adam Smith

Theory of Adam Smith

While banging the drum for his illiberal and unnecessary sugar tax, Jamie Oliver told Parliament : The tax, he said, would “remind [manufacturers] who is boss. And that is child health and the government. “We should work out who is running the country. Is it businesses – who are profiting from ill health in our country – or is it us?” More important than the tax itself, he…

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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 history. The Adam Smith tie was first introduced in 1968 for members of the…

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03OCT 2017
Governing dynamics Adam Smith

Governing dynamics Adam Smith

Is what’s best for me also best for the group? The Father of Economics, Adam Smith believed that the best result comes from everyone in the group doing what’s best for him – “In competition, individual ambition serves the common good.” But in 1950, John Nash presented a paper at Princeton that argued that the best result for the group comes from everyone making the best decision…

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29MAR 2016
Adam Smith and invisible hand

Adam Smith and invisible hand

Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse…

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04AUG 2016
Classical theories of economic development

Classical theories of economic development

The study of economics is driven by theories of economic behavior and economic performance, which have developed along the lines of the classical ideas, the Marxist idea, or a combination of both. In the process, various models were developed, each trying to explain such economic phenomena as wealth creation, value, prices, and growth from a separate intellectual and cultural…

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14DEC 2015
Malthusian theory of economic development

Malthusian theory of economic development

T.R. Malthus formed the trinity of pessimistic economists. He pioneered the theory of population which was more precise and significant than his views on growth. In his opinion, no enquiry could be more important than that which traced the causes of any difference between potential and actual outputs of a country. According to him, population growth is an end product of the…

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