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You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies. Free trial voucher code. Invalid Search. Enter keywords, authors, DOI etc. Search History. Search history from this session 0. The Handbook of Major Events in Economic History aims to introduce readers to the important macroeconomic events of the past two hundred years. Handbook of the Economics and Political Economy of Transition from central planning to a market economy, involving large-scale institutional change and reforms at all levels, is often described as the greatest social science experiment in modern times.

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    Cultural policy intersects with political, economic, and socio-cultural dynamics at all levels of society, placing high and often contradictory expectations on the capabilities and capacities of the m The field of critical accounting has expanded rapidly since its inception and has become recognised? In his work Sententiae , he thought it possible to be more precise than Aquinas in calculating a just price, emphasizing the costs of labor and expenses, although he recognized that the latter might be inflated by exaggeration because buyer and seller usually have different ideas of a just price.

    If people did not benefit from a transaction, in Scotus' view, they would not trade. Scotus said merchants perform a necessary and useful social role by transporting goods and making them available to the public. Buridanus looked at money from two angles: its metal value and its purchasing power, which he acknowledged can vary. He argued that aggregated, not individual, demand and supply determine market prices.

    Hence, for him a just price was what the society collectively and not just one individual is willing to pay.

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    Until Joseph J. Now there is a second candidate, Arab Muslim scholar Ibn Khaldun — of Tunisia, although what influence Khaldun had in the West is unclear. Arnold Toynbee called Ibn Khaldun a "genius" who "appears to have been inspired by no predecessors and to have found no kindred souls among his contemporaries His ideas on taxes bore a striking resemblance to supply-side economics ' Laffer curve , which posits that beyond a certain point higher taxes discourage production and actually cause revenues to fall.

    Environmental Economics: A Very Short Introduction

    French philosopher and priest Nicolas d'Oresme — wrote De origine, natura, jure et mutationibus monetarum , about the origin, nature, law, and alterations of money. It is one of the earliest manuscripts on the concept of money. Saint Antoninus of Florence — , O.

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    Antoninus' writings address social and economic development, and argued that the state has a duty to intervene in mercantile affairs for the common good, and an obligation to help the poor and needy. In his primary work, "summa theologica" he was mainly concerned about price, justice and capital theory.

    Richard Cantillon: The Founding Father of Modern Economics