Category: Classical economists

His essay has served as an inspiration to other liberal-minded economists wishing to distinguish themselves from conservative thinkers, for example James M. Buchanan's essay " Why I, Too, Am Not a Conservative: The Normative Vision of Classical Liberalism ".

Category: Classical economists

Sraffian economists see the assumption of free entry and exit as characteristic of the theory of free competition in Classical economics, an approach that is not expressed in terms of schedules of supply and demand.

Classical economists on the contrary defined profit as what is left after subtracting costs except interest and risk coverage ; thus, if one leaves aside risk coverage for simplicity, the neoclassical zero-long-run-profit thesis would be re-expressed in classical parlance as profits coinciding with interest in the long period, i. e. the rate of profit tending to coincide with the rate of interest.

Category: Classical economists

Classical economists reject the conception of cyclical unemployment and alternatively suggest that the invisible hand of free markets will respond quickly to unemployment and underutilization of resources by a fall in wages followed by a rise in employment.

Category: Classical economists

New Keynesian economists fully agree with New Classical economists that in the long run, the classical dichotomy holds: changes in the money supply are neutral.

Category: Classical economists

Category: Classical economists

Classical economists claimed that free markets regulate themselves, when free of any intervention.

Classical economists and their immediate predecessors reoriented economics away from an analysis of the ruler's personal interests to broader national interests.

Classical economists developed a theory of value, or price, to investigate economic dynamics.

Those who reconstruct the theory of value in this manner see the determinants of natural prices as being explained by the Classical economists from within the theory of economics, albeit at a lower level of abstraction.

The Classical economists took the theory of the determinants of the level and growth of population as part of Political Economy.

Classical economists contended that goods were objects of value over which ownership rights could be established and exchanged.

Antonella Stirati disputes the attribution of the law's idea to Classical economists other than Malthus.

Category: Classical economists

Classical and Marxist economists argued that factor prices decided the value of a product and therefore the value was intrinsic within the product.

Classical economists in the context of Say's law explain unemployment as arising from insufficient demand for specialized labour.

Classical economists such as Adam Smith, Thomas Malthus and David Ricardo were mainly concerned with factor income distribution, that is, the distribution of income between the main factors of production, land, labour and capital.

Classical economists such as Adam Smith, Thomas Malthus and David Ricardo were mainly concerned with factor income distribution, that is, the distribution of income between the main factors of production, land, labour and capital.

Classical dramatisations differ on how willing either father or daughter were to this fate, some include such trickery as claiming she was to be married to Achilles, but Agamemnon did eventually sacrifice Iphigenia.

Among Classical Greeks, amazon was given a popular etymology as from a-mazos, " without breast ", connected with an etiological tradition that Amazons had their left breast cut off or burnt out, so they would be able to use a bow more freely and throw spears without the physical limitation and obstruction ; there is no indication of such a practice in works of art, in which the Amazons are always represented with both breasts, although the left is frequently covered ( see photos in article ).

The accusative case existed in Proto-Indo-European and is present in some Indo-European languages ( including Latin, Sanskrit, Greek, German, Polish, Swedish, Romanian, Russian, Ukrainian ), in the Uralic languages, in Altaic languages, and in Semitic languages ( such as Classical Arabic ).

Classical methods ( also known as wet chemistry methods ) use separations such as precipitation, extraction, and distillation and qualitative analysis by color, odor, or melting point.

From 1955 onwards, the works of directors of the so-called Polish Film School had a great influence on the contemporary trends such as French New Wave, Italian neorealism or even late Classical Hollywood cinema.

Classical empiricists generally held that such reports are indubitable and incorrigible and therefore worthy of serving as epistemologically basic propositions.

Classical and flamenco guitars historically used gut strings but these have been superseded by polymer materials, such as nylon and fluorocarbon.

The usual meaning of gnostikos in Classical Greek texts is " learned " or " intellectual ", such as used in the comparison of " practical " ( praktikos ) and " intellectual " ( gnostikos ) in Plato's dialogue between Young Socrates and the Foreigner in his The Statesman ( 258e ).

Among his best known works are the series Ten Studies in Female Physiognomy ; A Collection of Reigning Beauties ; Great Love Themes of Classical Poetry ( sometimes called Women in Love containing individual prints such as Revealed Love and Pensive Love ); and Twelve Hours in the Pleasure Quarters.

A number of other ancient languages also used quantitative metre, such as Sanskrit and Classical Arabic ( but not Biblical Hebrew ).

When a student is taking western classical music lessons, music teachers often spend some time explaining the different eras of western classical music, such as the Baroque era, the Classical era, the Romantic era, and the Modern era, because each era is associated with different styles of music and different performance practice techniques.

Classical mechanics is used for describing the motion of macroscopic objects, from projectiles to parts of machinery, as well as astronomical objects, such as spacecraft, planets, stars, and galaxies.

Classical measure theory makes deep usage of the axiom of choice, which is fundamental to, first, distinction between measurable and non-measurable sets, the existence of the latter being behind such famous results as the Banach – Tarski paradox, and secondly the hierarchies of notions of measure captured by notions such as Borel algebras, which are an important source of intuitions in set theory.

The poems achieved international success ( Napoleon and Thomas Jefferson were great fans ) and were proclaimed as a Celtic equivalent of the Classical writers such as Homer.

Some ancient poetic traditions ; such as, contextually, Classical Chinese poetry in the case of the Shijing ( Classic of Poetry ), which records the development of poetic canons with ritual and aesthetic importance.

Classical field theory does not, however, account for the quantum-mechanical aspects of such physical phenomena.

Classical republicanism, still supported by philosophers such as Rousseau and Montesquieu, was only one of several theories seeking to limit the power of monarchies rather than directly opposing them.

Classical, seminal sociological theorists of the late 19th and early 20th century such as Durkheim, Weber, and Marx were greatly interested in religion and its effects on society.

Narrated by The Smothers Brothers, the show highlighted some of the unique American musical styles such as Gospel, Big Band, Classical, Country and Rock.

** Classical Kuiper belt objects ( also called cubewanos ) have no such resonance, moving on almost circular orbits, unperturbed by Neptune.

There are a few Baroque and Classical concerti, such as those by Telemann ( one of the earliest viola concertos known ), Franz Anton Hoffmeister and Carl Stamitz.

* Vespasian starts the building of the Colosseum ; the amphitheatre is used for gladiatorial games and public spectacles, such as sea battles, re-enactments of famous battles, and dramas of Classical mythology.

A similar fish sauce was ubiquitous in Classical Roman cooking, where in Latin it is known as garum or liquamen, and also existed in many varieties such as oenogarum ( mixed with wine ), oxygarum ( mixed with vinegar ) and meligarum ( mixed with honey ).