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3 days ago · For example, there was the Sherman Antitrust Act that came into existence in 1890. And there was the Chinese Exclusion Act in 1882. There were also protective tariffs. Nonetheless, it was as close to the ideal of economic liberty that mankind has ever come. It was the most unusual society in history — and the freest in terms of economic liberty.
3 days ago · Of course, there are many who disagree with Stiglitz's take on neoliberalism and the need for strong government involvement in the economy. They may believe the government is too dumb or corrupt ...
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2 days ago · Introduction. In economics Keynesian economics , also Keynesianism and Keynesian Theory, is based on the ideas of twentieth-century British economist John Maynard Keynes. According to Keynesian economics the public sector, or the state, can stimulate economic growth and improve stability in the private sector – through, for example, interest ...
- Keynes and Classical Economics
2 days ago · ABSTRACT. Adam Smith’s works are investigated to provide better understandings of his contributions to economics and social science. The main issues discussed are the roles of invisible and visible hands; his general theories concerning human nature, moral philosophy, and socioeconomic formations; his proposal for major socioeconomic reform; whether he was a political economist or the ...
3 days ago · In his book, he offers a much different conception of freedom, which he writes is really about, using jargon from economics, "a person's opportunity set — the set of options she has available."
5 days ago · Experimental Economics. When the Swedish Nobel Committee awarded the 2002 Nobel Memorial Prize in Economic Sciences to Vernon L. Smith, an economist at George Mason University, it simply affirmed what economists have long known: that experimental economics has arrived as a respected and powerful discipline within economics.
1 day ago · Terminology Origins An early use of the term in English was in 1898 by the French economist Charles Gide to describe the economic beliefs of the Italian economist Maffeo Pantaleoni, with the term néo-libéralisme previously existing in French; the term was later used by others, including the classical liberal economist Milton Friedman in his 1951 essay "Neo-Liberalism and its Prospects". In ...
