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EDITORIAL POLICY Unpublished material: Submission of a manuscript implies that the work described is not copyrighted, published or submitted elsewhere, except in abstract form.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…
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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…
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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…
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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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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…
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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…
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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.”…
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22JUL 2017
Liberal Economic theory

Liberal Economic theory

Rejecting modern constitutional thought, he argues that classical liberal theory also limits the use of tax revenue and prevents legislative programs to redistribute wealth.The theses of realistic theory presented in the current Article will explain the intervention of Russia in the Crimea and they will…
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18JUL 2017
Adam Smith Photos

Adam Smith Photos

On Tuesday, November 24th, 2015, elected officials and community leaders from across Seattle and Washington State called for on citizens to reject fear and panic following weeks of harmful and discriminatory rhetoric aimed at refugees seeking resettlement in the United States. On November 12, 2015, Congressman…
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14JUL 2017
International Economics theory and Policy PDF

International Economics theory and Policy PDF

This book provides a comprehensive review of the theory of international trade and trade policy, including coverage of recent areas of research such as heterogeneous firm trade models and trade costs. It then proceeds to analyze the history of trade policies and the evolution of the global trading system…
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10JUL 2017
Supply and demand theory Economics

Supply and demand theory Economics

In the context of supply and demand discussions, demand refers to the quantity of a good that is desired by buyers. An important distinction to make is the difference between demand and the quantitiy demanded. The quantity demanded refers to the specific amount of that product that buyers are willing to buy at a given price. This relationship between price and the quantity…

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06JUL 2017
Adam Smith primary source

Adam Smith primary source

Excerpt from An Inquiry into the Nature and Causes of the Wealth of Nations The division of labor, however, so far as it can be introduced, occasions, in every art, a proportionate increase of the productive powers of labour. Adam Smith (1723–1790) was one of the first people to write about what is now called economics, the way a people in a society make a living and spend…

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02JUL 2017
Adam Smith Theatre

Adam Smith Theatre

Bennochy Road, Kirkcaldy KY1 1ET T: 02 Adam Smith Theatre , Kirkcaldy The Adam Smith Theatre provides a wide and diverse programme of entertainment including music, dance, film, drama, comedy and childrens theatre. The Adam Smith Theatre opened in 1899 as a memorial to Adam Smith, who was born in Kirkcaldy. We have: A 475-seat theatre, suitable for plays, childrens shows, opera…

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28JUN 2017
Joseph Schumpeter Economic theory

Joseph Schumpeter Economic theory

One of the 20th century s great economic and political thinkers. Joseph Schumpeter is well known for his theory explaining the activities that lead to economic growth in capitalist economies. His theory centers around entrepreneurial innovations and their role as the key driver of economic growth. Schumpeter argues that competition among market participants leads to a desire…

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24JUN 2017
Basic theory of Economics

Basic theory of Economics

Economics may appear to be the study of complicated tables and charts, statistics and numbers, but, more specifically, it is the study of what constitutes rational human behavior in the endeavor to fulfill needs and wants. As an individual, for example, you face the problem of having only limited resources with which to fulfill your wants and needs, as a result, you must make…

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