Economics
Economics
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Liberalism: Economics
Introduction to Economics
The crisis concerning economic power was more profound. One branch of liberal philosophy was its economics as developed by the so-called classical economists, notably the Scottish philosopher Adam Smith and British economist David Ricardo. Economic liberals opposed mercantilist restrictions on economic activity and favored unhampered private enterprise. Such thinkers as the British statesman John Bright argued against such legislation as maximum-hour laws on the ground that it infringed on liberty and that society, particularly its economy, would flourish best when it was regulated least. As industrial capitalism developed in the 19th century, economic liberalism continued to be characterized by a negative attitude toward state authority. The working classes began to suspect that the philosophy protected the interests of powerful economic groups, particularly manufacturers, and that it encouraged a policy of indifference and even of brutality toward the working classes. These classes, which had begun to acquire political status and organized strength, turned to the political liberalism that was more concerned with their needs-that of the socialist and labor parties. The outcome of this crisis in economic and social thinking was the development of positive liberalism. As noted, certain modern liberals, like the Austrian-born economist Friedrich August von Hayek, consider the positive attitude an essential betrayal of liberal ideals. Others, such as the British philosophers Thomas Hill Green and Bernard Bosanquet, known as the "Oxford Idealists," devised a so-called organic liberalism designed to "hinder hindrances to the good life." Green and Bosanquet advocated positive state action to promote self-fulfillment, that is, to prevent economic monopoly, abolish poverty, and secure people against the disabilities of sickness, unemployment, and old age. They came also to identify liberalism with the extension of democracy." (1)
Business, Economics, Industry, and Labor
Includes Accounting, Banking, Consumer Protection, Economic Assistance, Employment, Exports, Financial Institutions, Industrial Productivity, Insurance, International Trade, Investment, Labor Relations, Minority Business, Occupational Safety and Health, Product Safety, Regional Economic Development, Securities, Small Business, Wages.
Related Fields
Related topics include:
Economic Development
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Economics
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Related Fields
Related topics include:
Economic Development
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Economic
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Labor
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Employment Law
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International Labor Law
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Industrial Safety
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Labour
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Labor Right
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Labor Policy
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Introduction
Economics
This entry provides an overview of the legal framework of economics, with a description of the most significant features of economics at international level.
Related Work and Conclusions
Resources
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Economic Development
Economics
Resources
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References (Papers)
Do Bank Regulation And Supervision Displace Bank Auditing?, Stephen Ryan, Oct 2017
Slicing And Dicing: The Structural Problems Of The Tax Reform Framework, Reuven S. Avi-Yonah, Oct 2017
Corporate Cash Shortfalls And Financing Decisions, Jay R. Ritter, Sep 2017
Contingent Fee Litigation In New York City, Eric Helland, Daniel M. Klerman, Brenda Dowling, Alexander Kappner, Sep 2017
The Untold Story Of The Justice Gap: Integrating Poverty Law Into The Law School Curriculum, Vanita S. Snow, Sep 2017
Cuando Otros Deciden Por Ti: La Eficiencia En La Intervención Judicial De Los Contratos Civiles, Diego Angulo Osorio, Aug 2017
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Notes and References
Information about Economics in the Encarta Online Encyclopedia
Guide to Economics
The Legal History of Law and Economics
This section provides an overview of Law and Economics
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Legal Biography
Legal Traditions
Historical Laws
History of Law
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Further Reading
The Oxford Encyclopedia of American Political and Legal History (Oxford University Press)
Law and Economics in the Dictionary of Concepts in History, by Harry Ritter
A Short History of Western Legal Theory, by John Kelly
Hierarchical Display of Economics
Science > Humanities > Social sciences
Economics > Economic structure > Economy
Economics > Economic analysis > Economic analysis > Econometrics
Economics > Economic analysis > Economic analysis > Macroeconomics
Economics > Economic analysis > Economic analysis > Microeconomics
Employment And Working Conditions > Labour market > Labour market > Labour economics
Economics > Economic structure > Economy > Economics profession
Economics
Concept of Economics
See the dictionary definition of Economics.
Characteristics of Economics
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Translation of Economics
Spanish: Ciencia económica
French: Science économique
German: Wirtschaftswissenschaft
Italian: Scienze economiche
Portuguese: Ciência económica
Polish: Ekonomia
Thesaurus of Economics
Science > Humanities > Social sciences > Economics
Economics > Economic structure > Economy > Economics
Economics > Economic analysis > Economic analysis > Econometrics > Economics
Economics > Economic analysis > Economic analysis > Macroeconomics > Economics
Economics > Economic analysis > Economic analysis > Microeconomics > Economics
Employment And Working Conditions > Labour market > Labour market > Labour economics > Economics
Economics > Economic structure > Economy > Economics profession > Economics
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Economic science
Economic theory
Political economics
Political economy