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John Millar John Millar
John Millar 1735-1801, Scottish philosopher and historian. Millar studied at Glasgow, where he became the chief disciple of Adam Smith. In 1761 Millar became professor of civil law at Glasgow, and his lectures there made him a national figure. He was one of the earliest advocates of the view that... Read more
Coase theorem Coase theorem
Coase theorem An economic theorem that is sometimes used in discussions of external costs in environment-related situations. The standard welfare economic view states that in order to make the market efficient, external costs—such as pollution produced by a company in making a product Read more
Neoliberalism Neoliberalism
NEOLIBERALISM. The concept of neoliberalism is an interesting one in that, first, it is a label commonly used by its opponents rather than by its adherents. As with all such labels, the tendency for caricature may at times overtake the need for faithful rendition of the underlying idea. As the term... Read more
opposition opposition
opposition in astronomy, alignment of two celestial bodies on opposite sides of the sky as viewed from earth. Opposition of the moon or planets is often determined in reference to the sun. Only the superior planets, whose orbits lie outside that of the earth, can be in opposition to the sun. When a... Read more
Economic growth Economic growth
Economic GrowthI. OverviewRichard A. EasterlinBIBLIOGRAPHYII. TheoryGustav RanisBIBLIOGRAPHYIII. Mathematical TheoryMichio MorishimaBIBLIOGRAPHYIV. Noneconomic AspectsBert F. HoselitzBIBLIOGRAPHYThe articles under this heading give several views of the process of economic growth as a whole. For the... Read more
Bionomics Bionomics
BIONOMICS Bionomics is a field of economic thought. It breaks from previous economic philosophy by situating economics as an extension of biology and ecology. Proponents of bionomics, such as its founder Michael Rothschild, reject what they describe as the idea of the economy as a mechanistic... Read more
Machinery Machinery
Machinery BIBLIOGRAPHY The adoption of new machinery, as part of technological progress, is a very controversial issue in economic analysis. Many analysts consider technology, the diffusion of technology, and technological advancements, to be very effective in promoting and attaining economic... Read more
Relativism Relativism
RELATIVISM. Although relativism is most often associated with ethics, one can find defenses of relativism in virtually any area of philosophy. The following article first discusses the general structure of relativist positions and arguments. It then examines several influential ideas concerning... Read more

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