Showing results for "fiction" in Theory

While millions face hunger, malnutrition, and starvation, the world's population is increasing by over 225,000 people per day, 80 million per year. In many countries, supplies of food and water are inadequate to support the population, so the world falls deeper and deeper into what economists call the "Malthusian trap". Here, Malthus examines the tendency of human numbers to outstrip their resources, and argues that poverty, disease, and starvation are necessary to keep societies from moving beyond their means of subsistence.

A bold retelling of the story of capitalism that treats the core concepts of economics as living, breathing beings, blending fiction and fact to upend 250 years of economic orthodoxy For 250 years, a ghostly hand – bloodied and invisible – has scripted our lives. We call it economics...

"Wage-Labor and Capital" is an 1847 essay on economics by Karl Marx, which was first published in the Neue Rheinische Zeitung two years later. This essay has been widely acclaimed as the precursor to Marx’s important treatise, Das Kapital.

It was Adam Smith (1723 - 1790) who first established economics as a separate branch of knowledge, and many would say his work has never been surpassed. The Wealth of Nations, which appeared in 1776, is the definitive text for all who believe that economic decisions are best left to markets, not governments. At the heart of Smith’s doctrine is an optimistic view of the effects of self-interest.

Malthus predicted a grim future with geometrical population growth, versus food production that increases only arithmetically. He claimed that this would result in famine and starvation unless births were controlled. It is called the Malthusian catastrophe, in which humans would disregard the limits of natural resources and the world would be plagued by famine and disease.

A Letter Concerning Toleration by John Locke was originally published in Latin in 1689. It was Locke's response to the problem of religion and government; he proposed religious toleration as the answer. For Locke, the only way a Church gains genuine converts is through persuasion, not violence.

In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe.