Western Economic Theories and Schools. Group Members: Jenny Kelly Etta Eutene. Content. Introduction Jenny Basic Economic Concepts Jenny Development Kelly Etta Conclusion Eutene.
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Group Members: Jenny Kelly Etta Eutene
2. Opportunity cost
A policy to obtain monetary wealth
Economic matter: The rise and development of commercial capital
Social matter: The great geographical discovery
Need more currency
buy less in foreign trade
prohibit the output of currency
control currency movements
allow the output of currency
protective tariffs (保护关税)
<The Wealth of Nations>
The economic system to put laissez-faire thought as the center, and the research from the circulation field transfer to the production field
<The principles of political economy and taxation>《政治经济学及赋税原理》
Success in the labor theory of value and distribution of the enrichment and perfection of the theory.
The refinement of Neo-Classical Economics
“Principle of Economics”《经济学原理》
—The putting forward of Keynesianism marks the birth of modern economics
— The establishment and development of Macroeconomics
—putting forward the modern macroeconomics system, in which national revenue decision is the theory center and government intervention the policy adjustment.
3 basic questions
The goals of economic theory
Mercantilism Thomas Men
Classical Economics <The Wealth of Nations>
New classical economics Alfred Marshall
Contemporary Economics The Keynes revolution
Not much in common
Fama People’s rational calculation
Shiller Psychological factors