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2 edition of Essays in some topics of modern economic theory found in the catalog.

Essays in some topics of modern economic theory

Shimomura, Kazuo.

Essays in some topics of modern economic theory

renewable resource, survival problem, and labour union

by Shimomura, Kazuo.

  • 359 Want to read
  • 17 Currently reading

Published by Research Institute for Economics & Business Administration, Kobe University in Kobe, Japan .
Written in English

  • Renewable natural resources -- Mathematical models.,
  • Nonrenewable natural resources -- Mathematical models.,
  • Labor unions -- Mathematical models.

  • Edition Notes

    Includes bibliographies.

    StatementKazuo Shimomura.
    SeriesKobe economic & business research series ;, no. 9
    LC ClassificationsHC59 .S4859 1984
    The Physical Object
    Paginationii, 166 p. :
    Number of Pages166
    ID Numbers
    Open LibraryOL2625628M
    LC Control Number85194312

    The second half of the book consists of short biographical essays on a number of economic luminaries, many of whom Coase knew personally. Some the names are well known (Adam Smith, Alfred Marshall, George Stigler), and others are more obscure (Arnold Plant, Duncan Black).5/5(3). The economic problem arises because the supply of resources is limited in relation to the wants of individuals. Wants are defined as human desires for goods and services, which satisfy demands. Wants are classified according to their nature, and range from basic wants, to collective wants, to luxury.

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    Adam Smith: The Father Of Modern Economics - Adam Smith is notably known to be the father of modern economics, and many of his work have been implemented today. His major work was “An Inquiry into the Nature and Causes of the Wealth of Nations” where his economic views are seen. the people living in a specific area have. There are many political theories and government types, ranging from things such as a monarchy to a democracy. There is one specific political theory I want to talk about in this essay, and that is communism. Communism is a political theory .

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Adam Smith argues that intervention of government in any form such as tax and quota might effect on economy and prevent the market from work efficiently (Christian, ). To William Stanley Jevons, Cantillon's Essay is the "cradle of political economy".Indeed, here, well before Adam Smith, you can find a closed economy model, the invisible hand, the notion of entrepreneurs, a circular flow, velocity of circulation, von Thünen's location theory and much else, including the famous 'Cantillion effects', perhaps his seminal contribution/5.

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He believed and wrote in his book â The General Theory of Employment, Interest and Moneyâ that it is essential for the Government to play a vital role in economic stability. Keynesian theorist believe Government spending, tax hikes or tax breaks are vital in economic success.

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