James Meade's Liberalism

2012 ◽  
pp. 61-74
Author(s):  
Roger E. Backhouse
Keyword(s):  
Economic Theory ◽  
Income Distribution ◽  
Market Economy

James Meade described himself as a liberal and used the term neo-classical to describe his economic theory but unlike many liberals he sought to improve the market economy. This paper explores Meade's liberalism through analyzing his writings on planning, the market, justice and income distribution, concluding that he is best described, somewhat paradoxically, as a pragmatic visionary.

scholarly journals THE USE OF ARTISTIC MEANS IN TEACHING ECONOMIC THEORY (SECTION «MICROECONOMICS»)

2020 ◽  
Vol 2 (32) ◽  
pp. 144-150
Author(s):  
E.R. Gimaletdinova ◽  
◽  
G.G. Sunaevа ◽  
Keyword(s):  
Economic Theory ◽  
Social Policy ◽  
Income Distribution ◽  
Market Economy ◽  
Imperfect Competition ◽  
Theory Of The Firm ◽  
Works Of Art ◽  
Theory Section ◽  
Factor Markets ◽  
Tools And Techniques

The article examines the application of the principle of visibility in pedagogy, on the example of teaching the section "microeconomics" of the course "Economic theory". Artistic tools and techniques allow you to analyze economic aspects, processes, phenomena, and contexts in the course taught through artistic literary works and films, paintings, theater productions, etc. Using the principle of clarity in this case allows students to facilitate the process of perception and assimilation of theoretical material, makes it possible to emotionally influence the student; enriched sensory perception of students, develops their imagination, learning becomes more intelligible, interesting, encouraged active learning process, improves efficiency of mastering of educational material, expanded memory capabilities, increased access to study material and enhanced the strength of its absorption, it should also take into account the educational value and aesthetic value of the material used. Artistic means should correspond to the level of development of students, the course being studied, and reflect the economic reality. When using works of art in teaching, the following should be taken into account: it is necessary to refer to those works that are known to the majority of the audience, the lecturer should know the work referred to well, the passage used should be quite brief, but deep in content and artistic in form, highlight important aspects that are worth paying attention to when watching a movie, reading a book, or analyzing a picture. When teaching the course "Economic theory", the section "microeconomics", using the principle of clarity of didactics, it is recommended to use selected on the relevant topics, questions and subqueries artistic literary masterpieces of domestic and foreign authors, paintings of Soviet, Russian, world cinema, works of art painting both domestic and foreign: in the topic "Fundamentals of market economy", questions "economic needs and economic resources", " economic systems»; the topic "Theory of the firm", the question "the essence, goals, conditions of functioning of the firm"; the topic "Perfect and imperfect competition", the question "the Main characteristics of monopoly"; the topic " factor Markets and income distribution. Social policy", questions "inequality of income distribution in a market economy", "social policy".

scholarly journals Persisting inequality: A case of probabilistic drive towards divergence

2017 ◽  
Vol 67 (2) ◽  
pp. 215-234 ◽  
Author(s):  
Robin Maialeh
Keyword(s):  
Economic Theory ◽  
Market Economy ◽  
Empirical Studies ◽  
Market Forces ◽  
Global Inequality ◽  
Economic Disparities ◽  
Multi Level ◽  
Over Time

The aim of the study is to prove that agents organised by market forces tend to create and even more so deepen economic disparities over time. Empirical studies do not reliably describe the trend and causes of interpersonal global inequality in recent decades. Hence, the attention is turned to general economic theory with inspiration from Schumpeterian and neoclassical theories. The results indicate that pure market economy logic will tend to lead to multi-level divergence.

The Mythology of the «Keynesian Crisis» or Where Is Keynes Calling Russia?

Vestnik NSUEM ◽  
2021 ◽  
pp. 22-34
Author(s):  
V. Z. Balikoev
Keyword(s):  
Economic Theory ◽  
Market Economy ◽  
Invisible Hand ◽  
Author State ◽  
State Capitalism ◽  
Free Competition ◽  
Relevant Today ◽  
Laissez Faire ◽  
Government Management ◽  
Development Of Economic Theory

The article analyzes and criticizes a vicious practice of the economists who attribute the ideas to the eminent economists who didn’t elaborate those ideas.The practice existed in the 19th and 20th centuries. It does exist today. It has done a huge damage to the development of economic theory and certain and specific economic sciences. Especially in the last century Keynesianism was at the receiving end since it clearly defined the watershed between the obsolete but die-hard «laissez-faire» economic theory – «invisible hand of the market»,free competition and government management of the economy.In this regard the economic theory constantly faces the question of certain «Keynesianism crisis», allegedly indicative of obsolescence of Keynesianism as economic theory.The article on the contrary proves that «Keynesianism crisis» is far-fetched and of ideological nature. Keynesianism itself is relevant today, more than ever, especially in the conditions of Russia, where, according to invincible belief of the author,state-directed market economy named state capitalism is being formed slowly and surely.

scholarly journals Antonio Rosmini’s Social Ethics and his Relationship to German Thought

2018 ◽  
Vol 6 (1) ◽  
pp. 39-50
Author(s):  
Markus Krienke
Keyword(s):  
Economic Theory ◽  
Market Economy ◽  
Cultural Distance ◽  
Social Ethics ◽  
Economic Thought ◽  
The Other ◽  
Social Market Economy ◽  
Ethical Thought ◽  
The One ◽  
Social Market

Abstract Putting the economic and social–ethical thought of Rosmini in relationship to the German tradition of social market economy, either a pertinent collocation of the liberal catholic thinker Rosmini or new perspectives for the concept of social market economy, which is in search for a new identity, have been made. The justification of this paper lies in the fact that Rosmini introduced the idea of social justice right in the sense of social market economy, on the one hand, and in the way in which the late 19th-centrury economic theory in Italy received his economic thought, on the other hand. Hence, despite his theoretical and cultural distance from Röpke, both have many interesting economic reflections in common.

scholarly journals Znaczenie efektu Cantillona w teorii ekonomii

Ekonomia ◽  
2016 ◽  
Vol 22 (3) ◽  
pp. 9-25
Author(s):  
Arkadiusz Sieroń
Keyword(s):  
Economic Theory ◽  
Income Distribution ◽  
Business Cycle ◽  
Public Choice ◽  
Empirical Data ◽  
Central Banking ◽  
Price Bubbles ◽  
Wealth Inequalities

The Role of Cantillon Effect in EconomicsThe aim of this article is to examine the role of the Cantillon effect in economics. The literature of economic theory lacks the detailed discussion of the implications of the first-round effect for economics. This paper attempts to fill this gap. The article is mainly theoretical, but considerations presented are illustrated by relevant empirical data. Based on the analysis, the author concludes that the effect of Cantillon develops particularly the theory of money and inflation, the theory of banking and central banking, the theory of business cycle and price bubbles, the theory of income distribution and income and wealth inequalities, and the theory of public choice.

ISSUES OF REGULATING PRICES FOR SEPARATE FOOD PRODUCTS IN THE ASPECT OF ENSURING THE ECONOMIC SECURITY OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 1 (8) ◽  
pp. 20-36
Author(s):  
M. Yu. LEV ◽  
Keyword(s):  
Economic Theory ◽  
Market Economy ◽  
Economic Security ◽  
Price Regulation ◽  
Theory And Practice ◽  
Regulatory Documents ◽  
Consumer Prices ◽  
Foreign Countries ◽  
Economic Program ◽  
The Russian Federation

The paper examines the legislation on price regulation in certain industrially developed foreign countries in modern conditions of market economy. The development of the economic theory and practice of price regulation in the XX century in foreign countries is considered. The analysis of regulatory documents regulating prices for products in Austria, Belgium, France; changes in consumer prices in Russia and foreign countries is carried out. It is concluded that in ensuring the socio-economic security of the state, it is necessary to actively search for an economic theory that could become the foundation of a government economic program aimed at improving the welfare of the population.

Overview of Global Development Patterns

2014 ◽  
pp. 1-23
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Income Distribution ◽  
Growth Trajectory ◽  
Future Trends ◽  
Global Development ◽  
Growth Trends ◽  
Development Patterns ◽  
Growth Convergence ◽  
Global Growth

This chapter introduces readers to growth economies and discusses why studies on economic growth are important. It proceeds to identifying global growth trends in the last four decades and provides a summary of world's income distribution. A concise survey of the convergence debate (which seems to have lost its prominence now) is also presented. The summary of some influential studies on income and growth convergence, however, states that the world's incomes have largely diverged, although convergence has been noted in at least two pockets of countries. Because the details are presented later in the text, only a brief summary of how theoretical economists view “sources of growth” is presented here. This chapter concludes with a discussion on the future trends in economic theory and global growth trajectory.

Toward an Economic Theory of Income Distribution

1977 ◽  
Vol 43 (4) ◽  
pp. 1619 ◽  
Author(s):  
G. S. Sahota ◽  
Alan S. Blinder
Keyword(s):  
Economic Theory ◽  
Income Distribution
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