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Other schools of economic thought, such as new classical macroeconomics, [citation needed] hold that countercyclical policies may be counterproductive or destabilizing, and therefore favor a laissez-faire fiscal policy as a better method for maintaining an overall robust economy. When the government adopts a countercyclical fiscal policy in ...
When the observations of facts do not agree with a theory, i.e. when they do not make sense in the frame of the theory utilised in carrying out the research, the theory has to be discarded and replaced by another one which promises a better fit (Myrdal, G. (1957), Economic Theory and Underdeveloped Regions, London: University Paperbacks ...
Social cycle theories are among the earliest social theories in sociology.Unlike the theory of social evolutionism, which views the evolution of society and human history as progressing in some new, unique direction(s), sociological cycle theory argues that events and stages of society and history generally repeat themselves in cycles.
As an approach to studying economic activity, economic reproduction contrasts with equilibrium economics, because economic reproduction is concerned not with statics or with how economic development gravitates towards an equilibrium, but rather with dynamics—that is, the motion of an economy. It is not concerned with the conditions of a ...
Bell, Peter and Cleaver, Harry [1982] Marx's Theory of Crisis as a Theory of Class Struggle first published in 'Research in Political Economy', Vol 5(5): 189–261, 1982 Brooks, Mick [2012] Capitalist Crisis Theory and Practice: A Marxist Analysis of the Great Recession 2007–11 eXpedia ISBN 978-83-934266-0-7
Degrowth is an academic and social movement critical of the concept of growth in gross domestic product as a measure of human and economic development. [1] [2] [3] The idea of degrowth is based on ideas and research from economic anthropology, ecological economics, environmental sciences, and development studies.
Each generational persona unleashes a new era (called a turning) lasting around 21 years, in which a new social, political, and economic climate (mood) exists. They are part of a larger cyclical " saeculum " (a long human life, which usually spans around 85 years, although some saecula have lasted longer).
Social polarization is the segregation within a society that emerges when factors such as income inequality, real-estate fluctuations and economic displacement result in the differentiation of social groups from high-income to low-income. It is a state and/or a tendency denoting the growth of groups at the extremities of the social hierarchy ...