History of economic thought

you firmly in the laissez-faire camp of the classical economists. It was exactly this school of thought which Keynes did intellectual battle with. Keynes saw classical economic thought as an imperfect, to say the least, form of capitalism. Thus, at heart, Keynes is building upon classical economic thought from the onset. Keynes sought to perfect capitalism in order defeat Marxism, and all of the schools of thought which it spawned. The idea that involuntary unemployment…

People have wondered for many years, why certain nations have succeeded, while others fall. This question has intrigued many people. From economist, scientist, to historians. David S. Landes an economic historian who was a professor at Harvard University, tries to answer the question of why some nations are wealthier than others, while others suffer from poverty. In his book The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor David Landes uses his background in economics and…

The development of capitalism throughout history has been a phase of a challenge for the working class. Work provides expansion and opportunities for individuals to fulfill their needs. Although it fulfills financially needs, it can also lead to bankruptcy, alienation and sometimes left with no self-satisfaction. The transaction from a feudal system to capitalism was known was merchant capitalism, it was the beginning for capitalism society. The purpose of this essay is to explore the…

When people think about Karl Marx, they think about a mustache-twirling villain, but Marx’s mustache was too bushy to twirl. Marx is commonly misconstrued as a villain when in reality he was just a man who shared his thoughts. Karl Marx caused a paradigm shift in the way people think about the social economic structure of the world, created and led the communist revolutions and indirectly led some of the most influential revolutions in history. Karl Marx changed the way people thought about…

Jevons is very insistent that value is determined by utility and so he focuses on elaborating on this term rather than value. He says, “Repeated reflection and inquiry have led me to the somewhat novel opinion, that value depends entirely upon utility” (Page 434, The History of Economic Thought, A Reader). Utility is the single most important element to value and it is has two dimensions, duration and intensity. Essentially anything that a person is will to labor for and desire for must have…

Introduction Karl Marx was a German economist, historian, and sociologist. Marx got into trouble with the government when he criticized a new law that prevented peasants from gathering dead wood in the forest in an editorial he wrote. This was the start of his views, which were so radical and revolutionary that he had to leave Germany. His most comprehensive work was Das Kapital, translating to Capital in English it was published in three volumes and was completed by Engels after Marx died in…

My name is Thomas McCormick. I was reading your article “Race, Empire, and Transnational History,” on the colonial history of the United States and I found it interesting to raise a different point of view on the subject. I’m interested in researching about the area and I have recently published an article titled “From Old Empire to New: The Changing Dynamics and Tactics of American Empire”. In my article, I try to provide the explanations for growth of American power at the end of the…

For what my two cents are worth, Karl Marx is one of the greatest and most influential philosophers in history. In addition to the litany of ideas and thoughts he contributed to the eternally evolving world of philosophy, Marx is also a premiere example of how philosophers build of one another’s work. Marx drew from many of his predecessors, but there were two in particular that influenced Marx tremendously. Both Georg Wilhelm Friedrich Hegel and Charles Darwin, made astronomical impacts on Karl…

help with that.(Chamberlain, Craig. “75 Years Later, Why Did Germans Follow the Nazis into Holocaust?”) Hitler also had made hundreds of posters and handed out millions of pamphlets.(Chamberlain, Craig.) On the other hand the chancellor did nothing. Hitler had at one point said that “every german girl will find a husband”. (“Life in a Nazi Concentration Camp.”)Hitler thought that for the election he was gonna lose. He then started…

that have a big impact on American religious history. There have been many movements, ideas, events that have shaped the religious history of America. One of these that has had big impact on religious history is economic factors. Economic factors is not just a “legal tender”, but it is also things like people struggling for control of resources, issue between religious devotion and financial concerns and other things. There are many ways that economic factors have impacted America, but a few…