Search results
Results From The WOW.Com Content Network
In Croton, Pythagoras established the first Pythagorean community, described as a secret society, and attained political influence. In the early 5th century BC Croton acquired great military and economic importance. Pythagoras emphasised moderation, piety, respect for elders and of the state, and advocated a monogamous family structure. The ...
The merchant is not a source of wealth, however. The Physiocrats believed that “neither industry nor commerce generates wealth.” [2] A “plausible explanation is that the Physiocrats developed their theory in light of the actual situation of the French economy…” [2] France was an absolute monarchy with the land owners constituting 6-8% of the population and owning 50% of the land.
Scott's most well-known and seminal research on the tragedy of the commons was found in a 1954 Journal of Political Economy paper The Economic Theory of Common Property Resource: The Fishery. The role of individual fishing quotas (IFQs), also known as "individual transferable quotas" (ITQs), was shown by Gordon in his original research about ...
It uses neoclassical economic theory to reinterpret historical data, spreading throughout academia, causing economic historians untrained in economics to disappear from history departments. American cliometric economists Douglass Cecil North (1920–2015) and Robert William Fogel (1926–2013) were awarded the 1993 Nobel Economics Prize.
In the history of economic thought, ancient economic thought refers to the ideas from people before the Middle Ages. Economics in the classical age is defined in the modern analysis as a factor of ethics and politics, only becoming an object of study as a separate discipline during the 18th century. [1] [2] [3] [4]
Classical economics and many of its ideas remain fundamental in economics, though the theory itself has yielded, since the 1870s, to neoclassical economics. Other ideas have either disappeared from neoclassical discourse or been replaced by Keynesian economics in the Keynesian Revolution and neoclassical synthesis.
The idea of a classless and stateless society based on communal ownership of property and wealth also stretches far back in Western thought long before The Communist Manifesto. There are scholars who have traced communist ideas back to ancient times, particularly in the work of Pythagoras and Plato.
This is a timeline of pure and applied mathematics history.It is divided here into three stages, corresponding to stages in the development of mathematical notation: a "rhetorical" stage in which calculations are described purely by words, a "syncopated" stage in which quantities and common algebraic operations are beginning to be represented by symbolic abbreviations, and finally a "symbolic ...