Classical economists argued that ___.A.aggregate demand is inherently unstable in a capitalist economyB.the aggregate supply curve is horizontal to the full-employment level of output in the economyC.a laissez-faire policy of government is best in a c
He argued that economists should focus their intellectual attention on exchange and the institutions within which exchange takes place. This paper reflects on Buchanan's message and looks at the development of that argument, and its implications in the wake of post-socialist political economy on the...
Thedecisiontoholdmoneyidleimposesanopportunitycostonpeopleequaltotheadditionalutilitythatcouldbegainedbypurchasingcommodities. MoneyDemand:ClassicalModel Classicaleconomistsarguedthatthestockofmoneythattheaveragehouseholdneedsatanymomentintimeisdirectlyproportionaltothedollarvalueofitsdemandforcommodities. ...
There is little doubt that this is as good a one-line characterization o... Blaug,Mark - 《Competing Economic Theories》 被引量: 15发表: 2002年 Protecting the infant industry: Cosmopolitan versus nationalist economists Such reaction to laissez-faire economics gave birth to a corpus of ideas ...
Their aim was to create a future society in which work could be experienced as a positive activity. The paper argues that the views of the aforementioned authors provided an important counterchallenge to the classical economists' conception of work as a disutility.doi:10.1080/09672560802707449...
The author analyzes whether pragmatism claimed by institutional economists is the same as the pragmatism that ... JL Webb - 《Journal of Economic Issues》 被引量: 56发表: 2007年 From Persecution to Pragmatism: The Habsburg Roma in the Eighteenth Century In many ways, the habsburg roma, or ...
Since late 1970's there has emerged a variety of ‘new’ interpretations of classical monetary theory, shedding new light on classical economists pace ‘ol... Y Sato - 《Annals of the Society for the History of Economic Thought》 被引量: 0发表: 2003年 古典派貨幣理論:古い解釈と新しい解...
The Classical and Keynesian economists covered much of the same material, but they had different things to say about it. Explain what each theory said about the power of monetary policy. Explain that ISLM model is consistent with traditional Keynesian theory and why....
The interpretation of Classical and Marxian political economy, as well as of the individual economists who make up these schools, is highly controversial. No better illustration of this is provided than the various assessments which have been made of Ricardo's work on value and distribution. At ...
Most economists consider a theory a good one if it predicts well. a. True b. False True or false? In a traditional economy, the government gets to decide the answers to the three basic economic questions. True or False: Classi...