MHR 520 Lecture Notes - Lecture 1: List Of Unification Church Affiliated Organizations, Joseph Schumpeter, Mercantilism
8 May 2019
School
Department
Course
Professor
Document Summary
The economy, stupid (1992 bill clinton campaign slogan) These brief notes are designed to position the evolution of economics" as a context for the study of industrial relations: according to the new world encyclopedia: Economics was not considered a separate discipline until the nineteenth century. Aristotle, the ancient greek philosopher, grappled with the "art" of wealth acquisition, and whether property is best left in private, or public, hands in his works on politics and ethics. Aquinas argued that it was a moral obligation of businesses to sell goods at a just price. Economic thought evolved through feudalism in the middle. Ages to mercantilist theory in the renaissance, when people were concerned to orient trade policy to further the national interest. The modern political economy of adam smith appeared during the industrial revolution. , (http://www. newworldencyclopedia. org/entry/history_of_economic_thought: typical contemporary textbook definition of. Economics is the study of how society manages its scarce resources.
