The Age of the Economist |
Contents
Economics and the Market Economy | 1 |
The Early Days | 8 |
Adam Smith | 20 |
Copyright | |
11 other sections not shown
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Common terms and phrases
achieve Adam Smith agriculture American analysis argued argument basic became big business business cycles capital accumulation capitalist century classical economics classical economists commodity competitive conflict consumer created demand depression economic activity economic growth economic policies economic theory economists emphasized England English equilibrium expansion exports forces full employment goals human ideas ideology important income increase individual industrial inflation investment John Maynard Keynes Keynes Keynesian economics labor laissez faire less-developed countries liberal major Malthus market economy Marx Marx's Marxist ment mercantilist modern money supply monopoly natural neoclassical economics nomic output philosophy physiocrat political population poverty private enterprise problems profits promote prosperity rate of interest reduced reform relationships result Revolution Ricardo rise savings Say's Law sector social socialist society Soviet surplus surplus value taxes theoretical tion trade unions United Veblen wages wealth welfare workers World War II