Study Guide for Exam #1 ECON 3050 History of Economic Thought
The history of economic thought can be studied from an absolutist or relativist perspective.
Define and evaluate the relative shortcomings of each of these two approaches.
What are the primary
Nicolas Daniel Salden
Economics 3050 Class Notes
Classical Economics Adam Smith 3
-Smiths Wages Fund theory of demand for labor
Given supply of labor we can determine the wage rate
In a dynamic context the long run tend of averages is determined by the gr
ECON 3050 Study Guide for Exam #2
Discuss Adam Smiths several theories of value.
Explain Adam Smiths analysis of the role of supply and demand in relation to the determination
of short run and natural price.
Why does Adam Smith reject the labor theory of
Project 1: Frederic Bastiat
Everything we get, outside the free gifts of nature, must in some way be paid for, said
American economic and business journalist Henry Hazlitt, drawing openly from his Libertarian
Reverend Thomas Robert Malthus Notes
Father of Demography
-Life and Times
Wrote the essay on Population in 1798 and went on to produce six editions
Ordained minister of the church of England
One of the first academic economists East India C