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Adam Smith FRS FRSE FRSA (baptised 16 June [ O.S. 5 June] 1723 [ 1 ] – 17 July 1790) was a Scottish [ a ] economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. [ 3 ] Seen by some as "The Father of Economics" [ 4 ] or "The Father of Capitalism", [ 5 ] he wrote two ...
Gender and development. Gender and development is an interdisciplinary field of research and applied study that implements a feminist approach to understanding and addressing the disparate impact that economic development and globalization have on people based upon their location, gender, class background, and other socio-political identities.
e. In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has ...
The invisible hand is a metaphor inspired by the Scottish economist and moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to accidentally act in the public interest, even when this is not something they intended. Smith originally mentioned the term in two specific, but ...
v. t. e. Feminist economics is the critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis. [1] Feminist economic researchers include academics, activists, policy theorists, and practitioners. [1] Much feminist economic research focuses on topics that have been neglected in the ...
Self-interest is the main motivation of human beings in their transactions" is a theoretical structure in the concept of homo economicus. Over the years, economists have studied and discussed institutional economics, behavioural economics, political economy, economic anthropology and ecological economics. The economic man solution is considered ...
Patriarchy is a social system in which positions of authority are primarily held by men. [1][2][3] The term patriarchy is used both in anthropology to describe a family or clan controlled by the father or eldest male or group of males, and in feminist theory to describe a broader social structure in which men as a group dominate society. [4][5][6]
Human development (economics) The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions. Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a ...