20JUN 2015
Dependency theory of economic development

Dependency theory of economic development

Vincent Ferraro, Dependency Theory: An Introduction,in The Development Economics Reader , ed. Giorgio Secondi (London: Routledge, 2008), pp. 58-64 Background Dependency Theory developed in the late 1950s under the guidance of the Director of the United Nations Economic Commission for Latin America…
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25SEP 2016
Adam Smith famous Quotes

Adam Smith famous Quotes

“The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without…
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14JUN 2015
Marxist theory of economic development

Marxist theory of economic development

What are the implications for development in the Third World in light of the widespread intellectual retreat from Marxist theory and practice in recent years? This essay offers an answer to this question by focusing on the current debate concerning the rise of a new inter­ national division of labor…
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11JUL 2015
Economic development theories models

Economic development theories models

Department of Geography, University of Southampton, Highfield, Southampton SO17 1BJ, England Department of Geography, Buckingham Building, Lion Terrace, University of Portsmouth, Portsmouth PO1 3HE, England Abstract Contemporary approaches to understanding the mechanisms determining local economic growth tend to be characterized by a dualism between ‘hard’ quantitative and…

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10AUG 2015
Adam Smith economic ideas

Adam Smith economic ideas

‘Rothbard’s two-volume history of economic thought will inspire much fruitful discussion . . . Works that combine so much scholarship, clarity, freshness, and courage have become rare in economics.’ – Paul Heyne, The Independent Review ‘. . . the magnitude of Rothbard’s achievement was such that his legacy is assured; his contribution to the cause of liberty in America will…

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23JUL 2015
Adam Smith College Stenton Campus

Adam Smith College Stenton Campus

Photograph Albums are available by clicking on the following links:- DIAMOND JUBILEE YEAR (2015) PHOTOGRAPHS ARE ON A SEPARATE PAGE - SEE LINK IN BOX ON LEFT OF PAGE. A successful AGM was held in the Cottar House on Sunday 22nd March. An excellent Christmas Lunch held in the Bistro Restaurant and cooked and served by the Students of the Glenrothes Campus of Fife College. A…

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21JUN 2016
Adam Smith Moral

Adam Smith Moral

In 1776, Adam Smith published the book, An Inquiry into the Nature and Causes of the Wealth of Nations . The Wealth of Nations established a reputation for Smith that lasts to this day. Smith has become known not just as the father of economics, but as the defender of free trade and an advocate for limited government in economic affairs. In The Wealth of Nations, Smith takes…

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29JUN 2016
Adam Smiths theory

Adam Smiths theory

This month, we discuss the moral philosophy of Adam Smith with Christel Fricke, Professor of Philosophy at the University of Oslo, and Research Director at the Center for the Study of Mind in Nature in the Department of Philosophy, Classics, and History of Art and Ideas at the University of Oslo. Click here to listen to our conversation. Different moral theories have placed…

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01DEC 2014
Adam Smith comparative advantage

Adam Smith comparative advantage

The theory of comparative advantage is perhaps the most important concept in international trade theory. It is also one of the most commonly misunderstood principles. [Click Here for a new, brief description of CA] There is a popular story told amongst economists that once when an economics skeptic asked Paul Samuelson (a Nobel laureate in economics) to provide a meaningful…

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15APR 2015
Life of Adam Smith

Life of Adam Smith

Adam Smith was born in a small village in Kirkcaldy, Scotland, where his widowed mother raised him. At age fourteen, as was the usual practice, he entered the University of Glasgow on scholarship. He later attended Balliol College at Oxford, graduating with an extensive knowledge of European literature and an enduring contempt for English schools. He returned home, and after…

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09MAR 2016
Adam Smith International jobs

Adam Smith International jobs

We offer you a dynamic career and the opportunity to work on a highly successful portfolio of award-winning international programmes. We’ve built a culture to reflect our principles, full of likeminded overachievers who are smart, passionate and great at what they do. We offer a highly competitive compensation package and excellent benefits. Working in our permanent team brings…

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31AUG 2015
Adam Smith Define economics

Adam Smith Define economics

This article was published as a guest post on CNBC’s blog. For someone now seen as a corporate libertarian, Adam Smith’s views on company profits might come as a shock. Even more surprising would be his views on the sort of free-market economics we follow today. Adam Smith, the father of economics, was a canny Scot who had a strong belief in free-trade. He thought that businesses…

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19JAN 2016
Adam Smith theory of value

Adam Smith theory of value

Isaac Moorehouse writes in The Prometheus Institute Blog an interesting article on Adam Smith’s theory of value HERE (23 January): “Was Adam Smith wrong?’ ”Indeed, Adam Smith, in his depiction of the division of labor in a pin factory and his timeless prose on the invisible hand and the self-interest of the butcher, offers some of the greatest explanations and defenses of capitalism…

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30APR 2016
Development theories in Economics

Development theories in Economics

Development theory cluster of research and theories on economic and political development. The emergence of development theory The use of the term development to refer to national economic growth emerged in the United States beginning in the 1940s and in association with a key American foreign policy concern: how to shape the future of the newly independent states in ways that…

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22FEB 2016
Adam Smith invisible

Adam Smith invisible

If contemporary economists fielded a football team, it would no doubt be named the Smiths, in honor of the illustrious eighteenth-century Scot who is rightly regarded as the founder of modern economic theory. But the team mascot as presented by those economists would have as much in common with the real Adam Smith the as the Washington Redskins’ mascot has in common with a…

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