Tag Archives | Ideas

Critical and Positive Ideas of Historical School | Economics

In this article we will discuss about the critical and positive ideas of historical school of economics. Critical Ideas of Historical School: The historical school attacked the classical economics on three grounds: (a) Universality of economic laws, (b) Crude psychological assumptions and (c) Use of deductive method. The belief of the classical writers in the Universality of their doctrines is [...]

By |2016-05-23T06:16:14+05:30May 23, 2016|School of Economics|Comments Off on Critical and Positive Ideas of Historical School | Economics

Economic Ideas of Hebrews, Plato, Aristotle and Roman

In this article we will discuss about the economic ideas of Hebrews, Plato, Aristotle and Roman. Economic Ideas of Hebrews: The beginnings of the science of economics and economic institutions are often traced back to the Hebrew and Jewish times. The society discussed in the Old Testament mentioned some of the characteristics of modern capitalism and private property. The Hebrews [...]

By |2016-05-16T07:43:27+05:30May 16, 2016|Articles|Comments Off on Economic Ideas of Hebrews, Plato, Aristotle and Roman

Physical and Practical Ideas of Physiocrats (With Diagram)

In this article we will discuss about the physical and practical ideas of physiocrats. Physical Ideas of Physiocrats: The Physiocrats contributed on the theoretical side, three important ideas, namely: 1. The concept of natural order. 2. The concept of net product. 3. The circulation of wealth. 1. Natural Order: The physiocrats had firm faith in the philosophy of natural order. [...]

By |2016-05-16T07:43:06+05:30May 16, 2016|Physiocracy|Comments Off on Physical and Practical Ideas of Physiocrats (With Diagram)
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