Only show
results for:

Topics related to "classical economics"

John Atkinson Hobson
John Atkinson Hobson 1858-1940, English economist and journalist. He achieved wide popularity as a lecturer and writer. Criticizing classical economics, which centered on man's mechanical response to inflexible economic laws, he held that economic theory was bound up with the ethical problems of so... Read more
economics
economics study of how human beings allocate scarce resources to produce various commodities and how those commodities are distributed for consumption among the people in society (see distribution ). The essence of economics lies in the fact that resources are scarce, or at least limited, and that... Read more
Thomas Tooke
Thomas Tooke 1774-1858, British economist, b. St. Petersburg, Russia. A successful businessman, he began to speak on behalf of free trade before Parliamentary committees and was one of the founders of the Political Economy Club (1821). His History of Prices (6 vol., 1838-57) is a classic expositi... Read more
Alfred Marshall
Alfred Marshall 1842-1924, English economist. At Cambridge, where he taught from 1885 to 1908, he exerted great influence on the development of economic thought of the time; one of his students was John Maynard Keynes . He systematized the classical economic theories and made new analyses in the s... Read more
John Maynard Keynes, Baron Keynes of Tilton
John Maynard Keynes, Baron Keynes of Tilton , 1883-1946, English economist and monetary expert, studied at Eton and Cambridge. Early Career and Critique of Versailles Keynes served (1906-08) in the India Office of the civil service, where he was concerned with problems of Indian currency. ... Read more
module
module 1 Term derived from the Latin modulus, a unit of measure in classical architecture equal to half the diameter of a column at its base. This unit was used in proportioning the classical orders of architecture . 2 The modern module is an interchangeable building unit used in constructio... Read more
capital
capital in economics, the elements of production from which an income is derived, usually defined with the exception of land and labor. As originally used in business, capital denoted interest-bearing money. In classical economic theory it was one of the three major factors of production, along wit... Read more
entrepreneur
entrepreneur [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. It was first used as a technical economic term by the 18th-century economist Richard Cantillon. To the classical economist of the late 18th cent. the term meant an employer i... Read more
physiocrats
physiocrats , school of French thinkers in the 18th cent. who evolved the first complete system of economics. They were also referred to simply as "the economists" or "the sect." The founder and leader of physiocracy was François Quesnay . His most ardent disciple, Victor de Mirabeau... Read more
laissez-faire
laissez-faire [Fr.,=leave alone], in economics and politics, doctrine that an economic system functions best when there is no interference by government. It is based on the belief that the natural economic order tends, when undisturbed by artificial stimulus or regulation, to secure the maximum wel... Read more

Encyclopedia entries related to "classical economics"

Economics, New Classical
Encyclopedia entry from: International Encyclopedia of the Social Sciences ...Economics, New Classical New classical economics takes the view that short...of the macroeconomy. New classical economics assumes universal market clearing...thought is known as the new classical economics because it builds on the general...
Economics, Classical
Encyclopedia entry from: International Encyclopedia of the Social Sciences Economics, Classical The term “ classical economics ” was coined by the German political philosopher...bourgeois society ” (Marx 1954, p. 85n.). Classical economics included, for example, the physiocrats, the English...
classical economics
Book article from: World Encyclopedia classical economics Term applied to the work of British economists from the late-18th...19th century, figures range from Adam Smith to John Stuart Mill . Classical economists were concerned with the nature of economic growth. They...
Economics, Neoclassical
Encyclopedia entry from: International Encyclopedia of the Social Sciences ...economics, usually to distinguish it from classical economics which had its origin in the rationalist...taught after 1890 somehow went beyond the economics of Smith. While classical economics was concerned with the broad questions facing...
Economics, Neoricardian
Encyclopedia entry from: International Encyclopedia of the Social Sciences ...Neoricardian Neo-Ricardian economics is a school of thought that aims to revive classical economics, which flourished during...theorizing that maintains the classical methodology and perspective. Neo-Ricardian economics had a prominent position...
Economics, New Keynesian
Encyclopedia entry from: International Encyclopedia of the Social Sciences ...fooled all the time. The subsequent outburst of new classical economics led by Lucas and Thomas Sargent and Neil Wallace killed...demand management lowering unemployment. The new classical economists rejected Keynesian theories of aggregate...
Economics, Post Keynesian
Encyclopedia entry from: International Encyclopedia of the Social Sciences Economics, Post Keynesian John...attempted to overthrow classical theory and revolutionize...the axioms underlying classical theory were not applicable...three basic axioms of classical economics (1936, p. 16). Unfortunately...
economics
Book article from: World Encyclopedia ...as the first economic treatise. Smith's arguments in favour of free trade form the basis of classical economics . Refinements to classical economics included the theory of marginal utility, which argued that need determined value. John Maynard...
Russian Economics
Encyclopedia entry from: International Encyclopedia of the Social Sciences Russian Economics The development of economic theory...emancipation of the serfs in 1861, Russian economics was in many ways imitative of currents...Golitsyn (1734 – 1803). Classical economics was a major presence across the nineteenth...
Full Employment
Encyclopedia entry from: International Encyclopedia of the Social Sciences ...economists, which he called classical economic theory. According to classical economics, there is no reason for...and employment. While classical economists focused on...compatible. Thus Keynesian economics maintains that the economy...

Dictionary entries related to "classical economics"

neo-classical economics
Book article from: A Dictionary of Sociology neo-classical economics Economics, as an academic discipline, is predominantly the study...uses via market prices. The dominant paradigm in modern economics is neo-classical theory which developed from the so-called marginalist...
economics
Book article from: A Dictionary of Sociology ...INFORMAL ECONOMY ; KEYNESIAN ECONOMICS ; LABOUR-MARKET ; LABOUR-MARKET SEGMENTATION ; LAISSEZ-FAIRE ECONOMICS ; MALTHUS , THOMAS; MILL , JOHN STUART; MONETARISM ; NEO-CLASSICAL ECONOMICS ; PARETO PRINCIPLE ; POLITICAL...
classical economic theory
Book article from: A Dictionary of Sociology classical economic theory See LAISSEZ-FAIRE ECONOMICS ; MALTHUS , THOMAS; MILL , JOHN STUART; SMITH , ADAM.
political economy
Book article from: A Dictionary of Sociology ...later separation of economics from other disciplines...that the so-called classical economists of the next...academic sociology and economics in the United States...materialism .See also NEO-CLASSICAL ECONOMICS .
economic life, sociology of
Book article from: A Dictionary of Sociology ...allocation; and, like economics, it can trace its origins to classical political economy . However...political economy, on which economics subsequently built. For...associated with neo-classical economics which argues that the...
Marshall, Alfred
Book article from: A Dictionary of Sociology ...author of the highly influential Principles of Economics (1890), and (among other things) contributor to the marginalist revolution (see NEO-CLASSICAL ECONOMICS ) of the 1870s in economics. Marshall is principally of interest to sociologists...
cliometrics
Book article from: A Dictionary of Sociology ...the rather narrow behaviourist assumptions of neo-classical economics . With hindsight, it is easy to see that the new...liberal use of quantitative historical data and neo-classical theory respectively. The use of large-scale data...
Ricardo, David
Book article from: A Dictionary of World History Ricardo, David (1772–1823) British political economist who, with Adam SMITH, founded British classical economics. In 1819–23 he was an MP, supporting FREE TRADE , a return to the gold standard, and the repeal...
trickle-down effect
Book article from: A Dictionary of Sociology trickle-down effect A term associated with neo-classical economics , referring to the alleged tendency for economic growth in an unequal society to benefit the population as a whole, via the eventual...
marginalist revolution
Book article from: A Dictionary of Sociology marginalist revolution See NEO-CLASSICAL ECONOMICS .

Related newspaper, magazine, and trade journal articles from HighBeam Research

On Classical Economics
Magazine article from: The Independent Review; 10/1/2007; ; 700+ words ; On Classical Economics By Thomas Sowell New Haven, Conn...00 cloth. Thomas SowelPs On Classical Economics is about how little Sowell thinks of classical economics, not a critical restatement of...
On Classical Economics.(Book review)
Magazine article from: Independent Review; 9/22/2007; ; 700+ words ; On Classical Economics By Thomas Sowell New Haven, Conn...00 cloth. Thomas Sowell's On Classical Economics is about how little Sowell thinks of classical economics, not a critical restatement of...
Yang's modern classical economics of specialisation and its implications.(Xiaokai Yang)(Biography)
Magazine article from: Economic Papers - Economic Society of Australia; 6/1/2006; ; 700+ words ; This article outlines Professor Xiaokai Yang's life and contributions to economics in developing inframarginal economics or the modern classical economics of specialisation and division of labour. It explains the central trade-off between...
What we owe to Chinese classical economics: where did modern economics originate? History shows that concepts of inflation, regulation and the free market can all be traced to ancient China, whose ideas were later refined by the Enlightenment thinkers.(Economic and Business Activities)
Magazine article from: European Business Forum; 1/1/2005; ; 700+ words ; ...strongly influenced by classical Chinese philosophy...Chinese views on economics and business...remarked that the classical Chinese language...contained no word for 'economics'. This is not...Huan-chang, a classical Chinese scholar...later took a PhD in economics at Columbia ...
Myrdal's backwash and spread effects in classical economics: implications for multilateral trade negotiations.(Gunnar Myrdal)
Magazine article from: Journal of Economic Issues; 6/1/2004; ; 700+ words ; ...Backward and Spread Effects in Classical Economics The one component of classical trade theory that has most...building block of orthodox economics. Having thus located an...their theory during the classical period. Specifically...
The "fatal flaw" of classical economics: aspects of Keynes's evolution from 'The Treatise' to the 'General Theory.'
Magazine article from: Journal of Economic Issues; 9/1/1994; ; 700+ words ; ...as the "false division" of classical economics. This false division separated...output as a whole" was, in classical theory, a fixed (real) pie...short, a major difficulty with classical economics was that it could not explain...
The money economy: mercantilism, classical economics and Keynes' general theory.(Special Invited Issue: Money, Trust, Speculation and Social Justice)(Part 2: Trust and Money)
Magazine article from: The American Journal of Economics and Sociology; 10/1/1998; ; 700+ words ; ...Whether in the context of classical economics or that of more recent macroeconomics...respective plausibility. II Classical Economics: Say's Law and Mercantilism...This has come to epitomize classical economics, for the simple reason that...
The "Vanity of the Philosopher": From Equality to Hierarchy in Post-Classical Economics
Magazine article from: Freeman; 4/1/2007; ; 700+ words ; ...Equality to Hierarchy in Post-Classical Economics by Sandra J. Peart and David...the leading opponents of "classical" economics chiefly rejected was its...persuaded me that the demise of classical economics was closely tied to the increasing...
The "Vanity of the Philosopher": analytical egalitarianism, associationist psychology, and eugenic remaking?(II. On the Peart and Levy Thesis)(The "Vanity of the Philosopher": From Equality to Hierarchy in Post-Classical Economics )
Magazine article from: The American Journal of Economics and Sociology; 7/1/2008; ; 700+ words ; ...bolster their thesis that the rise of "postclassical economics" entailed the "loss of sympathy in economic analysis...wholeheartedly subscribe to the analytical egalitarianism of classical economics that, "[s]tarting with Adam Smith ... presumes...
Classical Economics.(Bloomsbury Ballerina: Lydia Lopokova, Imperial Dancer and Mrs. John Maynard Keynes)(Book review)
Magazine article from: The Gay & Lesbian Review Worldwide; 5/1/2009; ; 700+ words ; ...subtlety of expression, vitality, and grace. But she was not, says Mackrell, a Pavlova, naturally suited to the "grand classical roles. ... She might be a captivating instrument for Fokine's poetic imagination, but she was not, and never would...