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William Patten (b. circa 1510 – d. in or after 1598) [1] was born in London, the son of Richard Patten (d. 1536), clothworker, and Grace, the daughter of John Baskerville. His grandfather, Richard Patten of Boslow, Derbyshire , was a brother of William Waynflete (alias Patten), Bishop of Winchester . [ 2 ]
Simon Nelson Patten (May 1, 1852 – July 24, 1922) was an American economist and the chair of the Wharton School of Business at the University of Pennsylvania. [1] [2] Patten was one of the first economists to posit a shift from an 'economics of scarcity' to an 'economics of abundance'; that is, he believed that soon there would be enough wealth to satisfy people's basic needs and that the ...
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
William Patten may refer to: William Waynflete (William Patten, c. 1398–1486), bishop of Winchester, 1447–1486, and Lord Chancellor of England, 1456–1460 William Patten (historian) (c. 1510 – after 1598), English historian and teller of the English exchequer
He focuses on economics professor Simon Patten, whose philosophy of limitless desires he places within this movement (225–260). He cites a performance associated with the 1913 Paterson silk strike , organized by John Reed and Robert Edmond Jones as a paradoxical example of labor radicalism coopted by the emerging aesthetic of spectacle (pp ...
This income was in turn based on the labor of its inhabitants, organized efficiently by the division of labour and the use of accumulated capital, which became one of classical economics' central concepts. [4] In terms of economic policy, the classical economists were pragmatic liberals, advocating the freedom of the market, though they saw a ...
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.