Search results
Results from the WOW.Com Content Network
Moral economy is a way of viewing economic activity in terms of its moral, rather than material, aspects. The concept was developed in 1971 by British Marxist social historian and political activist E. P. Thompson in his essay, "The Moral Economy of the English Crowd in the Eighteenth Century".
Essays on Some Unsettled Questions of Political Economy (1844) is a treatise on political economics by John Stuart Mill. [1] Walras' law , a principle in general equilibrium theory named in honour of Léon Walras , [ 2 ] was first expressed by Mill in this treatise. [ 3 ]
Critique of political economy or simply the first critique of economy is a form of social critique that rejects the conventional ways of distributing resources. The critique also rejects what its advocates believe are unrealistic axioms, faulty historical assumptions, [1] and taking conventional economic mechanisms as a given [2] [3] or as transhistorical (true for all human societies for all ...
Economic ethics is the combination of economics and ethics, incorporating both disciplines to predict, analyze, and model economic phenomena. It can be summarised as the theoretical ethical prerequisites and foundations of economic systems.
Exploitation is a concept defined as, in its broadest sense, one agent taking unfair advantage of another agent. [1] When applying this to labour (or labor), it denotes an unjust social relationship based on an asymmetry of power or unequal exchange of value between workers and their employers. [2]
Individualism and Economic Order is a book written by Friedrich Hayek. [ 1 ] [ 2 ] [ 3 ] It is a collection of essays originally published in the 1930s and 1940s, discussing topics ranging from moral philosophy to the methods of the social sciences and economic theory to contrast free markets with planned economies. [ 4 ]
The Accursed Share: An Essay on General Economy (French: La Part maudite) is a 1949 book about political economy by the French intellectual Georges Bataille, in which the author presents a new economic theory which he calls "general economy".
This is opposed to government regulations such as minimum-wage laws, competition laws, economic sanctions, restrictions on price fixing, or restrictions on contracting with undocumented workers. The freedom to contract is the underpinning of laissez-faire economics and is a cornerstone of free-market libertarianism.