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This monograph provides a detailed explanation how the Great
Depression and the current financial crisis and economic
contraction in the United States were both caused by and
exacerbated by government, not by capitalism. The monograph
provides a well-reasoned free market alternative to current statist
policies with respect to economic recovery in the United States.
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Apocalypse
Nathanael Smith
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R327
Discovery Miles 3 270
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Ships in 10 - 15 working days
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Adam Smith believed that the rise in labor productivity experienced
by rich countries is a result of specialization, trade, and the
division of labor. While economists still believe that, Smith's
insight has been largely purged from economic theory, due to the
rise of mathematical models that rely on Walrasian equilibrium to
predict how markets will work, and that must therefore assume
constant returns to scale. Using agent-based simulation, Nathan
Smith presents new ways of theorizing about markets, which are
consistent with realistic economies of scale and gains from
specialization. Using these new theoretical tools, Nathan Smith is
able to provide more satisfactory explanations of how capital fuels
economic growth, what drives the introduction of new technologies,
why countries benefit from globalization, and why there are cities.
Space does not permit the exploration of all the ramifications of
these conclusions, but sophisticated readers will see how they
extend to much of the subject matter of economics and convey
crucial insights about the modern world.
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Tenet
John David Washington, Robert Pattinson
Blu-ray disc
(1)
R52
R44
Discovery Miles 440
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