Tag Archives | Economist

Economic Ideas of Nassau William Senior

The following points highlight the top seven economic ideas of Nassau William Senior. The economic ideas are: 1. Scope of Political Economy 2. Value 3. Abstinence and Capital Formation 4. Theory of Monopoly 5. Rent 6. Money 7. Wages. Economic Idea # 1. Scope of Political Economy: According to Nassau William Senior the subject matter of Political Economy was limited [...]

By |2016-05-23T06:16:11+05:30May 23, 2016|Economists|Comments Off on Economic Ideas of Nassau William Senior

John Stuart Mill (1806-1873): Biography and Ideas

In this article we will discuss about John Stuart Mill:- 1. Life Sketch of John Stuart Mill 2. Sources of Influences on Mill's Writings 3. Mill's Restatement of Classical Ideas 4. Critical Estimate. Biography of John Stuart Mill: John Stuart Mill was one of the builders of classical school. He appeared at a time when political economy required a restatement. [...]

By |2016-05-23T06:16:04+05:30May 23, 2016|Economists|Comments Off on John Stuart Mill (1806-1873): Biography and Ideas

Ideas of John Stuart Mill and Classical Economists

The upcoming discussion will update you about the differences in ideas of John Stuart Mill and Classical Economists. 1. Theory of Economic Development: The classical economists had dealt with the equilibrium state of a static society, whereas Mill believed in a dynamic society. He said that in an advancing society, there were progress in wealth, advancement of material prosperity, increase [...]

By |2016-05-23T06:16:01+05:30May 23, 2016|Economists|Comments Off on Ideas of John Stuart Mill and Classical Economists
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