Questions tagged [history-economic-thought]

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Was there a time when economists “generally described” the 1920s “as being years of increasing protectionism”?

In Paul Bairoch's Economics & World History - Myths and Paradoxes (1993), the very first myth he tackles is this: the 1920s are generally described as being years of increasing protectionism. ...
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57 views

Greek mathematics' application in the early economic theories

I am writing about the development of mathematics in the Ancient Greece as an assigment and I have to include its relation with economics. However, I lack of sources for this topic and I only found ...
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158 views

How empirical was Adam Smith's The Wealth of Nations?

How empirical was Adam Smith's The Wealth of Nations? That is, how much empirical research does it contain? Motive: I want to understand whether books that are regarded as "standards" in political ...
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Origin of the saying “High prices are their own cure.”

Edwin Cannan (1915): An old epigram says that high prices are their own cure. Other variants of this "old epigram" include: High prices cure themselves (1911). High prices cure high prices ...
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What are some great economic reforms from the Middle Ages / the Ancient History?

Is there any great economic structural reforms, which date back to the Middle Ages or to the Ancient times?
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62 views

How much of previous economics (historically) is still relevant today?

How much of previous economics (historically) is still relevant today? How is it determined? Is e.g. 18th century economics still relevant today? Is it accurate/useful to cite Adam Smith for example?...
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What evidence is there that Adam Smith made mistakes in criticizing Mercantilism and upholding capitalism?

This commentator writes: On March 9, 1776, "An Inquiry into the Nature and Causes of the Wealth of Nations" (commonly referred to as simply "The Wealth of Nations") was published. Smith, a Scottish ...
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54 views

What is the “natural rate of interest” vs. “money interest rate”?

What exactly is the distinction that Knut Wicksell made in his Interest & Prices between "natural rate of interest" or "natural interest" ("der natürliche Kapital zins") and the "money rate of ...
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35 views

Why has this type of research fallen out of grace?

I am reading Dasgupta's Very Short Introduction to Economics. He talks about culture. Specifically the work of Max Weber trying to explain the influence of protestant ethic on the rise of capitalism. ...
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What are the factors on which value of all resources ( good, silver, cash land etc. ) found in world changes over time?

And followed by, Does it right to say that, if any country become rich then other must become poor and vice-versa. If no, then Is it possible that, in certain conditions, all Nation in the world can ...
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Is there a 19th century or early 20th century economist who proposed an energy-based currency?

I'm familiar with the '20s era attempts at the "energy dollar" from Edison and Ford, but are there earlier instances of energy currencies?