The History of Economic Thought
Economics began as household management; Xenophon wrote a dialogue about it.
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1.Where does the word economics come from?
Economics began as household management; Xenophon wrote a dialogue about it.
2.How many times is the phrase invisible hand mentioned explicitly in The Wealth of Nations?
It appears once there and once in his earlier book, two mentions in two famous books; readers differ on what it means.
3.What did Ricardo argue in 1817?
Another idea: landowners, not tenant farmers, gain from productive land; historians call Smith, Ricardo and Mill the classical school.
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Sources (10)
- Adam Smith (Biographie), Library of Economics and Liberty
- David Ricardo (Biographie), Library of Economics and Liberty
- John Stuart Mill (Biographie), Library of Economics and Liberty
- John Maynard Keynes (Biographie), Library of Economics and Liberty
- Milton Friedman (Biographie), Library of Economics and Liberty
- Marginalism, Wikipedia
- History of economic thought, Wikipedia
- Invisible hand, Wikipedia
- Classical economics, Wikipedia
- Eigene Rechnung: Jahresdifferenzen aus
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