Comparative economic theory

Occidental and Islamic perspectives
  • 365 Pages
  • 4.50 MB
  • English
Kluwer Academic , Boston
Economics -- Islamic countries., Economics -- Religious aspects -- Islam., Comparative econo
Statementby Masudul Alam Choudhury.
LC ClassificationsHB126.4 .C488 1999
The Physical Object
Paginationxvi, 365 p. :
ID Numbers
Open LibraryOL20642895M
ISBN 100792386019
LC Control Number99037132

Comparative advantage, economic theory, first developed by 19th-century British economist David Ricardo, that attributed the cause and benefits of international trade to the differences in the relative opportunity costs (costs in terms of other goods given up) of producing the same commodities among countries.

In Ricardo’s theory, which was based on the labour theory of value (in effect. Comparative Economic Theory: Occidental and Islamic Perspectives seeks first to elucidate the nature and methodology of Islamic political economy as a process-oriented social economy guided by its cardinal epistemology of Oneness of God (Divine Unity).

From this premise is then derived the episteme of unification of Comparative economic theory book upon which is developed the methodological content of an extremely Cited by: 6. If the UK produces a book, the opportunity cost is 1/4 () If India produces a book, the opportunity cost is 2/3 () Therefore the UK has a comparative advantage in producing books (because it has a lower opportunity cost of ( compared to India’s ).

Conflicts of economic interest have social, political and moral causes and consequences. This book shows how economic and literary texts deal with similar subjects, and explores the ways in which economic ideas and metaphors shape literary texts, focusing on the analogies between economic theories and narrative structure in literature and : Ҫınla Akdere.

Discover librarian-selected research resources on Comparative Economics from the Questia online library, including full-text online books, academic journals, magazines, newspapers and more. Home» Browse» Economics and Business» Economics» Economic Theory» Comparative Economics.

An approach to comparative economic systems that avoids simple dichotomies to examine a wide variety of institutional and systemic arrangements, with updated country case studies. Comparative economics, with its traditional dichotomies of socialism versus capitalism, private versus state, and planning versus market, is changing.

This innovative textbook offers a new approach to understanding. David Ricardo () was a classical British economist best known for his theory on wages and profit, labor theory of value, theory of comparative advantage, and theory of rents. David. A systematic comparison of the three major economic theories, showing how they differ and why these differences matter in shaping economic theory and practice.

Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also.

Comparative advantage is an economic law referring to the ability of any given economic actor to produce goods and services at a lower opportunity cost than other economic actors. The law of. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and.

Buy a cheap copy of Political Economy: A Comparative book by Barry Clark. In this revised edition of the widely used and comprehensive overview of political/economic thought, political theory, sociology, and philosophy are integrated with Free shipping over $/5(2). ADVERTISEMENTS: In this article we will discuss about Ricardian theory of comparative cost.

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Also learn about its assumptions and criticisms. Before the publication of Adam Smith’s Wealth of Nations () the prevalent theory of foreign trade was mercantilism. This doctrine suggested that a country should do all it could to increase exports, but should restrict [ ].

3 edge, methods and theory. I turn now to some of my own reflections on this score. Some Reflections My first proposition is that if we are interested in analyzing the performance and dynamic properties of the world's economies, it is only at significant peril that comparative economists can overlook noneconomic or "political" : Springer Netherlands.

Read the full-text online edition of Comparative Management and Economic Progress (). Home» Browse» Books» Book details, Comparative Management and Economic Progress. Comparative Management and Economic Progress.

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Farmer, Barry M. Richman Studies in the Theory of Economic Development. Comparative Economic Systems: Culture, Wealth and Power in the 21st Century explains how culture, in various guises, modifies the standard rules of economic engagement, creating systems that differ markedly from those predicted by the theory of general market competition.

This analysis is grounded in established principles, but also assumes that individual utility seeking may be culturally. Modernization theory stresses the functional necessity of efficient bureaucracy for welfare state development because, without it, effective taxation and administration of complex distributional programs is simply impossible.

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Bureaucracy, once erected, may also come to play an active role in decision-making and thus determine policy evolution. Economic Development, 10/e is the leading textbook in this field, providing a complete and balanced introduction to the requisite theory, the driving policy issues, and the latest research.

Principles and Concepts: Economics, Institutions, and Development: A Global Perspective; Comparative Economic Development; Classic Theories of Economic Growth and Development; Contemporary Models of 5/5(1).

Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.

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An economic theory developed in can help you cut your to-do list in half. author of the new book Drop the Ball: Dufu recommends using the theory of comparative advantage, a principle. developed a theory of comparative economic systems over the past se\ 3r decadei, only recently, since the collapse of 'really existing socialism'in: '.

Comparative Economic Systems book. Read reviews from world’s largest community for readers. This work compares the economic systems of regions from free /5(5).

BOOK REVIEWS GENERAL AND THEORETICAL Economic Anthropology: A Study in Comparative LE J. HERSKOVITS. (xii,xxiii pp., $ Alfred A. Knopf, New York, ) This useful revision of The Economic Life of Primitive Peoples () is justified, the author states, because of extensive new data available through recent field studies, andAuthor: Felix M.

Keesing. “An easier way to understand the lesson of comparative advantage is to see that there are two ways to get fish, the direct way and the roundabout way. The direct way is go fishing. The roundabout way is to collect water and trade it for fish.

It depends of which way is cheaper.” W e all have a good intuitive understanding of the power of trade.

David Ricardo developed this international trade theory based in comparative advantage and specialization, two concepts that broke with mercantilism that until then was the ruling economic doctrine. He introduced this theory for the first time in his book “On the Principles of Political Economy and Taxation”,using a simple numerical example concerning the trade between Portugal and.

Comparative Economics. This book introduces the economic concepts and familiarize with the students the importance of economic approaches in managerial decision making to understand the applications of economic theories in business decisions.

coverage of introductory microeconomic theory, application and policy in a Canadian and global. Out of this neighborhood diversity arose my first experience with that anthem of free-trade economists—David Ricardo’s theory of comparative advantage—thereby demonstrating that economic theory has a down-home value to cookers of chicken as well as captains of industry.

The comparative advantage theory says that self-sufficiency is a : Ted Roberts. Lecture 1 Introduction to Comparative Economic Systems Prof. Paczkowski Assignment (Continued) W.

Baumol, et al. Good Capitalism, Bad Capitalism Book available at. Comparative Economic Theory: Occidental and Islamic Perspectives seeks first to elucidate the nature and methodology of Islamic political economy as a process-oriented social economy guided by its cardinal epistemology of Oneness of God (Divine Unity).

This book addresses the role of political institutions in economic performance, examining the changing state-economy relationships through a comparative history of political and economic development in Britain, USA, Russia, Japan, Taiwan and Korea.ISBN: OCLC Number: Description: xvi, pages: illustrations ; 24 cm: Contents: I.

Comparative political economy: methodological questions --Chapter visions: the future global order --Chapter process centred world view --Chapter ly interactive systems --Chapter economics to political economy: a study of methods --II.modern economic theory and development Inseparability among distribution, institutions, and efficiency.

Neo-classical economics argued that neither institutions nor wealth distri-bution mattered for efficiency; productive resources always gravitated through market exchange into the hands of the person who valued them the most.