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In response to the Economic Calculation Problem proposed by the Austrian School of Economics that disputes the efficiency of a state-run economy, the theory of Market Socialism was developed in the late 1920s and 1930s by economists Fred M. Taylor (1855–1932), Oskar R. Lange (1904–1965), Abba Lerner (1903–1982) et al., combining Marxian ...
Education, once solely a state and local issue, now sees significant amounts of oversight and funding on the elementary and secondary levels from the federal government. [1] This trend started slowly in the Civil War era, but increased precipitously during and following World War II, and has continued to the present day.
In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a mutual perspective on the way economies function. While economists do not always fit within particular schools, particularly in the modern era, classifying economists into schools of thought is common.
Generally public schooling in rural areas did not extend beyond the elementary grades for either whites or blacks. This was known as "eighth grade school" [37] After 1900, some cities began to establish high schools, primarily for middle class whites. In the 1930s roughly one fourth of the US population still lived and worked on farms and few ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Intensely anti-slavery, Oberlin was also the only college to admit black students in the 1830s. By the 1880s, however, with the fading of evangelical idealism, the school began segregating its black students. [30] The enrollment of women grew steadily after the Civil War. In 1870, 9,100 women comprised 21% of all college students.
As the United States entered the 20th century, the American School was the policy of the United States under such names as American Policy, economic nationalism, National System, [32] Protective System, Protection Policy, [33] and protectionism, which alludes only to the tariff policy of this system of economics. [34] [35] [36] [13] [37]
Classical economics, also known as the classical school of economics, [1] or classical political economy, is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. It includes both the Smithian and Ricardian schools. [2]