The Wealth of Nations: An Analysis with Special Reference to Under-developed CounriesWorld Press, 1967 - 165 páginas |
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Página 26
... argues that although unproductive expendi- ture may initially create as much employment as productive expenditure , it has " nothing to show for itself afterwards " , i.e. , it does not leave behind any sediment of productive capital ...
... argues that although unproductive expendi- ture may initially create as much employment as productive expenditure , it has " nothing to show for itself afterwards " , i.e. , it does not leave behind any sediment of productive capital ...
Página 62
... argues , can profitably manage canals . Notwith- standing these , however , he seems to generally approve the gov ernment operation of canals . Coinage , on the other hand , " not only defrays its own expence , but affords a small ...
... argues , can profitably manage canals . Notwith- standing these , however , he seems to generally approve the gov ernment operation of canals . Coinage , on the other hand , " not only defrays its own expence , but affords a small ...
Página 68
... argues that it is a grave error to forget " The Nation " . A policy of free trade is not the " golden rule " which should be adopted without question by all the countries irrespective of the stage of their economic development . There ...
... argues that it is a grave error to forget " The Nation " . A policy of free trade is not the " golden rule " which should be adopted without question by all the countries irrespective of the stage of their economic development . There ...
Contenido
The Growth Model of Adam Smith | 1 |
Division of Labour and Economic | 10 |
Concepts of Productive and Unpro | 19 |
Derechos de autor | |
Otras 5 secciones no mostradas
Términos y frases comunes
according to Smith Adam Smith agriculture annual produce augment basic Bhilai capacity capital accumulation capitalists chapter commodity consumers consumption context cost crores currency developed countries developing economy division of labour domestic Durgapur economic development Edwin Cannan effect employed employment expansion expenditure export extent flat products foreign trade Fund Government greater growth Ibid IISCO important improvement income increase India industry interest international trade laissez-faire land and labour landlords loans manufacture market price ment natural price physiocrats problem productive labour productive workers profit projects public sector steel quantity of labour Quesney quota regards rent retention prices revenue Rourkela saving Second Plan Secondly sector steel plants Smith argues Smith asserts Smith's analysis Smith's scheme Smith's theory Smithian Smithian growth society supply tion TISCO under-developed countries under-developed economy unproductive V. K. R. V. Rao volume wages Wealth of Nations World Bank