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History of economic thought - Economics and political thought

History of economic thought - Economics and political thought: Encyclopedia II - History of economic thought - Economics and political thought

Throughout the history of economic thought, different political ideas have often been associated with different schools of thought about how economies operate. For example, Adam Smith used his theories of trade and of the division of labour to argue for laissez-faire government economic policies, particularly against mercantilism. Similarly, Marx developed his theories, which focus on production and labor, to advocate socialism and communism. An example of another economic system which has recently been advocated is the participatory ...

See also:

History of economic thought, History of economic thought - Biblical NT economic thought, History of economic thought - Premodern economic thought, History of economic thought - Early modern economic thought, History of economic thought - Modern economic thought, History of economic thought - Overview of Various Economic Schools of Thought, History of economic thought - Economics and political thought

History of economic thought, History of economic thought - Biblical NT economic thought, History of economic thought - Early modern economic thought, History of economic thought - Economics and political thought, History of economic thought - Modern economic thought, History of economic thought - Overview of Various Economic Schools of Thought, History of economic thought - Premodern economic thought, Anders Chydenius, Economic history

History of economic thought: Encyclopedia II - History of economic thought - Economics and political thought



History of economic thought - Economics and political thought

Throughout the history of economic thought, different political ideas have often been associated with different schools of thought about how economies operate. For example, Adam Smith used his theories of trade and of the division of labour to argue for laissez-faire government economic policies, particularly against mercantilism. Similarly, Marx developed his theories, which focus on production and labor, to advocate socialism and communism.

An example of another economic system which has recently been advocated is the participatory economics model. This uses neither market methods nor centralised methods for allocation, but incorporates many local positive and negative feedback loops in order to respond to the most positive human values. The participatory economics model is neither communist nor capitalist. One example of this school of thought is the Post Autistic Economics movement.

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Adapted from the Wikipedia article "Economics and political thought", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki

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