I analyze two connections between neoclassical and classical economics. First, I consider the indeterminacy that arises for both schools: in the neoclassical theories of overlapping generations and of factor pricing and in Sraffa's price theory. Neoclassical indeterminacy occurs only in environments where...
Classical economics is described as the science of distribution. However, the extent to which science prioritises distributional dynamics is debatable. On the other hand, after the marginalist revolution in the 1870s, the birth of neoclassical economics led to the separation of economics from social...
In contrast to Neoclassical general equilibrium theory, the Classical theory of value is open with respect to both the distribution of income and the composition of output. For this reason, a Sen-inspired theory of capabilities, insofar as it can be used to explain or determine income ...
awhere does john go in the morning 那里做约翰早晨进来 [translate] aSocial capital theory is in contrast to classical and neoclassical economics' assumption of a competitive marketplace 社会资本理论是与一个竞争市场的古典和新古典主义的经济的做法对比 [translate] ...
aSocial capital theory is in contrast to classical and neoclassical economics' assumption of a competitive marketplace with autonomous actors acting independently from their social connections 社会资本理论跟独立地行动的自治男演员一起明显不同于一个有竞争力的市场的古典和新古典主义的经济的假设从他们的社会...
翻译结果1复制译文编辑译文朗读译文返回顶部 Classical, neo-classical economics in the discussion 翻译结果2复制译文编辑译文朗读译文返回顶部 About exposition of classical, neo-classical economics 翻译结果3复制译文编辑译文朗读译文返回顶部 Related Exposition in classical, neoclassical economics ...
(1944), that interventionist measures aimed at the redistribution of wealth lead inevitably tototalitarianism. Friedman, as one of the founders of the modernmonetaristschool of economics, held that thebusiness cycleis determined mainly by thesupply of moneyand by interest rates, rather than by ...
The evolutionary property rights theory,which assimilated from evolutionary economics, critically inherits and further improves the classical property rights theory.We analyze and compare this theory with traditional and neoclassical theory.Finally,we make comments on it from the perspective of modern economi...
1. Neoclassical economics and the range of criticisms it faces today. 2. Alternative economic models and their Internet sites. 3. The financial crash and range of proposed solutions. Questions 1. What are the problems with neoclassical economics?
In contrast to Neoclassical general equilibrium theory, the Classical theory of value is open with respect to both the distribution of income and the composition of output. For this reason, a Sen-inspired theory of capabilities, insofar as it can be used to explain or determine income ...