17 Kasım 2012 Cumartesi

Some Study Questions For History of Economic Analysis I

  1. What is the difference between absolutism and relativism? How do you interpret a school of thought (i.e.Scholastics, Mercantilist or Physiocracts) by using these two different approaches? 
  2. Give some examples which are based on extreme forms of relativism and absolutism.
  3. How does "Old Testament" regulate economic and social life? Discuss by considering its views on private property?
  4. What are the main differences between oikonomos and chrematistics?
  5. What are the main contributions of Aristotle to the theory of exchange and theory of money ? In this respect evaluate the importance of difference between use-value and exchange value.
  6. What are the common elements between Artistotelian definitions of scope of economics and that of Canonist writers? How do you interpret the continuity in this line of thought?
  7. What is the main differences between bullionism and mercantilism?
  8. What are the main properties of Mercantilist thought? Discuss by considering the thougths of Thoms Mun?
  9. R.L. Meek, an important historian of economic thought describes mercantilism as neo-scholasticism. Why? 
  10. How did William Petty formulate an rudimentary version of labor theory of value? Is it possible to formulate such a theory by focusing on exchange relations?
  11. What are the main contributions of Physiocrats to the classical political economy?
  12. Discuss the context of the quotation below:
If the rod be bent too much one way, says the proverb, in order to make it straight you must bend it as much the other. The French philosophers, who have proposed the system which represents agriculture as the sole source of the revenue and wealth of every country, seem to have adopted this proverbial maxim...
Adam Smith. The Wealth of Nations

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