21SEP 2017
Adam Smith Wealth of Nations invisible hand

Adam Smith Wealth of Nations invisible hand

By restraining, either by high duties or by absolute prohibitions, the importation of such goods from foreign countries as can be produced at home, the monopoly of the home market is more or less secured to the domestic industry employed in producing them. Thus the prohibition of importing either live…
appvn app

Continue Reading
17SEP 2017
Adam Smith was wrong

Adam Smith was wrong

Smith divided the economic trade world into three parts – the “home trade, ” with goods produced and consumed locally, the “foreign trade of consumption, ” where you sell your production to a foreign country, and, finally, the “carrying trade, ” the third party that cut the deal and delivered the goods…
www.2h2m.ch

Continue Reading
13SEP 2017
Traditional Economic theory

Traditional Economic theory

Following is a comprehensive understanding of interest, from an email message posted by Mark Robbani of the Institute of Islamic Finance, on the IBF-NET YahooGroup. Regarding the meaning of the word ‘interest’: It would be better to define the context of its use first, before discussing its meaning…
Kumkum Bhagya

Continue Reading
08SEP 2017
Gary Becker Economic theory

Gary Becker Economic theory

Others might have called this book Micro Theory or Price Theory. Becker s choice of Economic Theory as the title for his book reflects his deep belief that there is only one kind of economic theory, not separate theories for micro problems, macro problems, non-market decisions, and so on. Indeed, as…
Who Viewed My Instagram

Continue Reading
04SEP 2017
Neo-Classical theory of Economic

Neo-Classical theory of Economic

By the middle of the nineteenth century, English-speaking economists generally shared a perspective on value theory and distribution theory. The value of a bushel of corn, for example, was thought to depend on the costs involved in producing that bushel. The output or product of an economy was thought…
protectia muncii bucuresti

Continue Reading
31AUG 2017
Theory of profit in Economics

Theory of profit in Economics

The anomaly I’m talking about is that neoclassical economics, in both macro and micro forms, nearly invariably works on the basis of models in which there are no profits. Since in general, companies do earn profits, I think this is a pretty big problem. Do read his caveats. I usually answer such questions…
buy twitter followers cheap

Continue Reading
27AUG 2017
Adam Smith on division of labor

Adam Smith on division of labor

Definitions: Adam Smith, biography from the Concise Encyclopedia of Economics Smith saw the main cause of prosperity as increasing division of labor. Using the famous example of pins, Smith asserted that ten workers could produce 48, pins per day if each of eighteen specialized tasks was assigned to…
project management on the west coast

Continue Reading
23AUG 2017
Economic theories List

Economic theories List

What are the 50 most important economic theories of the last century? That’s the question a publisher recently asked me to ponder for a book they are developing. I’ve noodled on this over the past week and have some initial ideas. But I would be remiss if I didn’t solicit suggestions from my insightful…
British gas homecare contact number british gas telephone number.

Continue Reading
19AUG 2017
Journal of Economics theory

Journal of Economics theory

EDITORIAL POLICY Unpublished material: Submission of a manuscript implies that the work described is not copyrighted, published or submitted elsewhere, except in abstract form. The corresponding author should ensure that all authors approve the manuscript before its submission. Minimum formatting requirements upon submission: Manuscripts should be in English and submitted as…

Continue Reading
15AUG 2017
Adam Smith the division of labor

Adam Smith the division of labor

Description: Economica is an international journal devoted to research in all branches of economics. Theoretical and empirical articles are published from all parts of the international research community. Economica is a leading economics journal, appearing high in the published citation rankings. In addition to the main papers which make up each issue, there is an extensive…

Continue Reading
11AUG 2017
Theory of Economic growth

Theory of Economic growth

Romer, Paul M. 2015. Mathiness in the Theory of Economic Growth. American Economic Review , 105(5): 89-93. DOI: 10.1257/aer.p20151066 Abstract Mathiness lets academic politics masquerade as science. Like mathematical theory, mathiness uses a mixture of words and symbols, but instead of making tight links, it leaves ample room for slippage between statements in the languages…

Continue Reading
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 as one of the founding texts of economics, and widely believed to be an apologia…

Continue Reading
03AUG 2017
Adam Smith Religion

Adam Smith Religion

Adam Smith is the most well-known expositor of capitalism of all time. He was born in Kirkcaldy, Scotland, a small coastal town near Edinburgh. Smith was educated at Glasgow University and Ballioll College in Oxford, England. Later he lectured at Edinburgh and became a professor at Glasgow University. After a time, Smith went to France to tutor the Duke of Buccleugh and met…

Continue Reading
30JUL 2017
Adam Smith summary

Adam Smith summary

Book Notes for Adam Smith s Wealth of Nations. I have been reading the Wealth of Nations for a little while now, and have found insufficient book notes to follow along with on the internet . I have found in my experience that when reading a long work from long ago, it is helpful to be able to read a summary on the chapter you just read to fully cement the information in ones…

Continue Reading
26JUL 2017
Theory of distribution Economics

Theory of distribution Economics

By “distribution” in the present context, we do not mean the distributive activities of traders and middlemen. “The economics of distribution, ” says Chapman, “accounts for the sharing of the wealth produced by a community among the agents, or the owners of the agents, which have been active in its production.” The theory of distribution is concerned with the evaluation of…

Continue Reading