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Chapter 1, "The Lesson", explains that economics is a field filled with fallacies because of the difficulties inherent in the subject and the special pleading of selfish interests. [3] Every group has economic interests antagonistic to other groups.
Rather than being fringe activities at the margins of the formal economy, this amounts to a significant level of activity: The "civil society" sector of the United Kingdom employs the equivalent of 1.4 million full-time employees (5% of the economically active population) and benefits from the unpaid efforts of the equivalent of 1.7 million ...
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions.
The passage occurs in chapter 22 on "the export of capital and the struggle for economic territory". It has never been proved whether Hilferding was influenced in any way by what Trotsky had written, although it is known they corresponded with each other, [ 11 ] but Hilferding's own analysis of "the latest phase of capitalist development ...
The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (inflation adjusted for 2013), and did not rise much until the Industrial Revolution .
The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous consumption as a function of social class and of consumerism, which are social activities derived from the social stratification of people and the division of labor; the social institutions of the feudal period (9th–15th c ...
An Economic Interpretation of the Constitution of the United States is a 1913 book by American historian Charles A. Beard. [1] It interpreted the early history of the United States from the lens of class conflict , arguing that the Constitution of the United States was structured to financially benefit the Founding Fathers .
A Farewell to Alms: A Brief Economic History of the World is a 2007 book about economic history by Gregory Clark. It is published by Princeton University Press . The book's title, like Clark's other book The Son Also Rises , is a pun on Ernest Hemingway 's novel, A Farewell to Arms .