The Age of the EconomistSurveys the history of economics from the time of Adam Smith and some of his predecessors to the 1990s. |
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Page 132
... programs designed to channel business investment into relatively backward regions , such as southern Italy or southern France . The West Ger- man government fostered expansion of export industries , and so did most of the other ...
... programs designed to channel business investment into relatively backward regions , such as southern Italy or southern France . The West Ger- man government fostered expansion of export industries , and so did most of the other ...
Page 178
... programs ) , and government retirement programs . Social Security is also an entitlement program , but social security taxes more than cover benefits and the program brings in a surplus . Entitlements contribute to the deficit because ...
... programs ) , and government retirement programs . Social Security is also an entitlement program , but social security taxes more than cover benefits and the program brings in a surplus . Entitlements contribute to the deficit because ...
Page 179
... programs can be brought down to the rate of inflation , upward pressures on the deficit will be reduced . As this is written the administration's plan for checking the rise of med- ical care costs has not been announced . Three goals ...
... programs can be brought down to the rate of inflation , upward pressures on the deficit will be reduced . As this is written the administration's plan for checking the rise of med- ical care costs has not been announced . Three goals ...
Contents
Economics and the Market Economy | 7 |
The Early Days | 13 |
Adam Smith | 23 |
Copyright | |
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achieve Adam Smith aggregate demand agriculture American analysis argued argument basic became big business business cycles capital accumulation capitalist century classical economics commodities competitive consumer costs David Ricardo deficit demand depression dominated economic growth economic policy economic theory economists England English enterprise equilibrium expansion exports forces goals human ideas ideology important increase individual industrial inflation investment John Maynard Keynes Keynes Keynesian economics labor laissez-faire major market economy Marx Marx's Marxist ment mercantilist modern money supply monopoly natural neoclassical economics nomic output philosophy Physiocrat population poverty private-enterprise problems production profits programs promote prosperity rate of interest reduced reform relationships result Revolution Ricardo rise savings Say's Law sector social socialist society Soviet sumer surplus taxes theoretical tion total spending trade unions United wages wealth welfare workers World War II