A Companion to the History of Economic Thought - Chapter 2 ppt
A Companion to the History of Economic Thought - Chapter 2 ppt
... Platonic absolutism was shaken to the core.It was partially salvaged by Eudoxus’ importation from Chaldea of a dialecticalapproach to irrationals that became a mathematical image for judicial, ... into a near-mystical formulation of ideal models. This view of a rational perfectible administration is elaboratedbelow in the discussion of analysis. The Platonic theory of the “Ideas,” clearlyexpounded ... of natural resources. Land Economics, 41, 20 4–8.—— 1969: Aristotle’s mathematical analysis of exchange. History of Political Economy, 1,44–66.—— 197 4a: Aristotle’s “natural limit” and the economics...
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A Companion to the History of Economic Thought - Chapter 3 pptx
... translated into the Arabiclanguage.In spite of the significance of the 1964 path-breaking article by Spengler, the real challenge to the Schumpeterian Great Gap thesis came about as a result of ... regional, and international trade all take place (Farabi,19 82, p. 25 ). The same view is expressed in Kai Kavus’ Qabus Nameh: To benefit the inhabitants of the west they import the wealth of the east ... Prophet and the Caliphs until the Ottoman days, and the medieval international language of Muslims from Spain to the Far East, should notmake one Arab. 2 Although the overwhelming majority of the...
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A Companion to the History of Economic Thought - Chapter 17 pptx
... distinct about the Austrian strand. That aspect of Böhm-Bawerk’s capital theory demands distinct attention.Two important advances that were part of Böhm-Bawerk’s capital theory were the idea of the ... one that took the Austrian strand of marginalism awayfrom Menger’s subjectivism and closer to that of Jevons and Walras.17.4 BÖHM-BAWERK ON CAPITAL A similar story can be told about Böhm-Bawerk’s ... quantity. Hence the value to this person of any portion of the whole available quantity of the good is equal to the importance to him of the satisfactions of the least importance among those assured...
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A Companion to the History of Economic Thought - Chapter 20 ppt
... (This was written in the late 1930s, butpublication was delayed because of the war.) Samuelson later wrote that Valueand Capital had prepared the ground for his more mathematical treatment of the subject. ... the standard theory of supply was that of Marshall’s Principles. The maincharacteristic of this book is that Marshall used a formal mathematical structureas a framework for constructing an evolutionary ... evolutionary theory. Neither the algebra of the appendix nor the graphical analysis of the footnotes matched the complexity of the text. Industries, the basic unit of analysis, comprised changing...
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A Companion to the History of Economic Thought - Chapter 26 pptx
... resulted in a rate of return on capitalequal to the sum of the rate of growth of the labor force, the rate of technicalprogress, and the rate of depreciation. The analysis warned against overinvestment:capital–labor ... collapsed as a result of the instability of the linkbetween the target variable (the monetary base) and the money stock (M1) and the instability of the demand for money in the face of financial ... credit-rationing as anoptimal market outcome. The central idea was that borrowers and lenders have A HISTORY OF POSTWAR MONETARY ECONOMICS AND MACROECONOMICS 411 CHAPTER TWENTY- SIX A History of PostwarMonetary...
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A Companion to the History of Economic Thought - Chapter 32 pptx
... intellectual history, the analyst is the intellectual historian and the agentis the author of the work. Is there symmetry of information between the historian548 V. BROWNand the author? The author ... as poetry (p. 3). This is an argument about poetic evaluationthat is based on an account of meaning as internal to the poem (rather than, say,based on the author’s aspirations or the socio-historical ... conceptualcriteria that were not available to the author (198 8a, p. 48). To embed the history of ideas in the intentions of the author as an historicalfigure purports to give a decidedly historicist...
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A Companion to the History of Economic Thought - Chapter 37 ppt
... undergraduate and graduate studies), the relevance and impact of specialized journals, and the themes and areas of basic and applied research, aswell as the various association and professionalization ... means that the partial and selective reading of a re-nowned author – that is, the use made of the author as a symbol of authority to guarantee the validity of certain theoretical bases or practical ... appropriation to an approach iden-tical to the one used for the study of any other type of market. The texts gatheredtogether by Colander and Coats, however, pay scant attention to the problem of the...
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A Companion to the History of Economic Thought - Chapter 39 ppt
... since Adam Smithwas the first history- of- thought text in the light of the Sraffian revolution.Sraffa’s “corn model” interpretation of Ricardo led to a rational reconstruction of the history of economics ... purposes and hagio-graphy, and that it is too passionate and committed. Murray Rothbard’s treat-ment of Adam Smith is best viewed as a libertarian diatribe, rather than a carefulexamination of Smith’s ... material (Medema and Samuels, 20 01, pp. 117 28 ).Mark Blaug (20 01) argues that the history of economics appeals to a differenttype of mind from that of the average mainstream economist. It attracts...
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A Companion to the History of Economic Thought - Chapter 1 pot
... literature of the history of economic thought. Research in the history of economics has for the most part been research inintellectual history; that is, an attempt to understand the ideas of past ... chapters of part II,in particular those of Matthias Klaes and Anthony Waterman, deal with the basichistoriographic issues that have generated and are revealed by the many researchstyles found in the ... Historians have followed the ideas of economists as they passed into and through the hands of – and were often trans-formed by – popularizers, intellectuals-at-large, literary figures, and others...
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A Companion to the History of Economic Thought - Chapter 4 ppsx
... ideas. As we haveseen, many of them were preoccupied with the importance of trade and paymentbalances, defined either as a positive balance of trade theory or as a positivebalance of labor theory. ... ideas propounding the active role of the state in economic modernization and growth. Although the balance of tradetheory was perhaps an analytic blind shot, it was rational in a more general andhistorical ... Thirty Years’ War. Thus, an earlier English trade surplushad been transformed into a negative balance of trade. They argued that it wasthis negative balance that had made English exchange rates...
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