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[70] Critics of this interpretation argue that the Soviet economy was, in reality, rather autarkic (self-sufficient), that foreign trade was state-directed and played a comparatively small role in the economy as a whole, and that the foreign transactions were often non-commercial (often a form of barter, subsidized transfers or counter-trade). [71]
800-290-4726 more ways to reach us. ... Federal Reserve Chair Jerome Powell said Monday the central bank intends to do what it takes to keep the economy "in solid shape," but that it is no rush ...
The economy, stupid" is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as "It’s the economy, stupid." Carville was a strategist in Bill Clinton's successful 1992 U.S. presidential election against incumbent George H. W. Bush. His phrase was directed at the campaign's workers and ...
Karl Marx's three volume Capital: A Critique of Political Economy is widely regarded as one of the greatest written critiques of capitalism. [citation needed]Criticism of capitalism typically ranges from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. [1]
Jesuit philosopher Joseph Rickaby, writing at the beginning of the 20th century, put the development of economy in relation to usury this way: In great cities commerce rapidly ripened, and was well on towards maturity five centuries ago. Then the conditions that render interest lawful, and mark if off from usury, readily came to obtain.
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Families evicted to make way for dams, power plants or other big projects must be resettled and their livelihoods restored. Key Findings Over the last decade, projects funded by the World Bank have physically or economically displaced an estimated 3.4 million people, forcing them from their homes, taking their land or damaging their livelihoods.
Most classical theories, including Fisher's, held that velocity was stable and independent of economic activity. [17] Cambridge economists, such as John Maynard Keynes, began to challenge this assumption. They developed the Cambridge cash-balance theory, which looked at money demand and how it impacted the economy. The Cambridge theory did not ...