CAPITALISM
Some of authors said ''It wasn't born in UK first.'' They said '' It was emerged in medieval 17th Italy and Netherland.However, capitalism, as a whole, both economic and social processes and relations that lag behind the commercial and production for profit, came to the forefront in the 18th century in UK. Propulsive force of capitalism, expansion,exploitation,oligarchic...
Friday, 24 February 2017
Sunday, 19 February 2017
Mercantilist Doctrine
MERCANTILISM
In West Europe countries, with the end of the medieval and period between industrial revolution, it appears with collapse of feudalism and establishment of strong central states.Economically, this epoch was ,the conditions of the preparing capital accumulation and market economy, while commercial capitalism's the age of development.Mercantilism, reflecting...
Thursday, 16 February 2017
Physiocracy
PHYSIOCRACY
''Capitalism In Agriculture''
What is the meaning of Physiocracy?
Physiocracy is a school founded by François Quesnay. Physio meaning of ''nature'' , cracy meaning of ''rule'' . As a result...
Tuesday, 14 February 2017
François Quesnay ''Tableau Economique''
As a source of social surplus: Interclass circulation of ''Soil and Surplus''
Quesnay, a medical doctor, in Tableau Economique, he tried to explain surplus of circulation and various social classes completely.His analysis, presence of land ownership,land...
Monday, 13 February 2017
Macro Economics"Self-balancing" model: QUESNAY
What did Quesnay do?
The works of Physiocrats with ''Natural Order'' to understndn all economic order, in a reasonable and consistent thought line it was the 'first try' to way of explain.This first try, at time same time beginning of economy theory. Although they are laissez-faire originates...
Tuesday, 7 February 2017
Adam Smith
Adam Smith
''The Wealth of Nations''
Firstly,We need to know who is Adam Smith? Some of us know him as ''Father of Economics''but a lot of people know him as a professor...
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