This study represents an interpretation of Adam Smith's attitude toward a commercial society based upon natural liberty. In developing the thesis that the two works, The Theory of Moral Sentiments and Wealth of Nations, are logically consistent, it is necessary to establish the reason of reasons why Adam Smith embraced a commercial society based upon the "obvious and simple system of natural liberty." It will be established that he embraced such as system because it allowed the maximum accumulation of capital, which is the manifestation of being truly virtuous as developed in his Moral Sentiments. To go one step further, it will be seen that, so far as Smith is concerned, it is the rising bourgeoisie, the manufacturers and artificers, which is truly virtuous, i.e., accumulates capital.
"... it will be the purpose of this paper to search the writings of Classicism as exemplified by Smith, Say, Ricardo, Senior, Mill and Marshall, and the works of Veblen for their theories of monopoly. By a contrast and comparison of these theories, it is hoped that the information developed may become the basis for checking any hidden holdovers from these two schools and, by showing their origin, to develop some understanding of a singularly complex problem of the modern world."--leaf 2
There were two international standards in the nineteenth century, the theoretical gold standard and the historical sterling standard. The primary interest of this thesis is the latter, although the theoretical framework of the gold standard will also be examined. Because of its role in the London money market, particular attention will be given to the Bank of England. Since the Bank and the international standards were products of the evolutionary and revolutionary changes which occurred in Britain during the eighteenth and nineteenth centuries, an attempt will be made to examine them within their historical context.
"The problem investigated in this thesis is that of determining the impact of the disestablishment of Camp Edward Gary on the economy of the city of San Marcos, Texas...it is anticipated that this study may contribute two additional outcomes of value: the first is a test of certain ideas in economic theory pertaining to recessions; and the second is an evaluation of the data pertaining to the economy of small communities...the data presented in Chapter II and the summarization of that information in Chapter III lead to the inevitable conclusion that the deactivation of Camp Edward Gary caused a recession in the City of San Marcos, Texas, which was shared in varying degree by virtually every element of the economy...it is further concluded that the impact of the loss of the military community was modified to some degree by the beneficial effects of the growth in its educational institutions and the fact that the loss was shared, although in a lesser degree, by other communities in the general area." --leaves 4, 5, 79
The problem under investigation in this study is the determination of the usefulness of the concept of saving set forth by John M. Keynes in his The General Theory of Employment, Interest and Money, both as a method of prediction and prevention of business cycles and as a conceptual framework which is for use in explaining past economic activity, particularly economic growth. The study has a twofold purpose. The first is to evaluate the workability of the Keynesian definitions when applied to existing sources of economic data; to see if a meaningful savings aggregate is a statistical possibility. The second is to attempt to explain in terms of related parts of the rest of Keynes' theoretical system the conclusions reached under the first purpose above.
Primarily, the purpose of the study was to show the immediate effects of the depression on the educational program in the United States. Secondarily, the writer hoped to encourage teachers not only to ward off another similar catastrophe but also to make the present educational program take care of the devastating effects of the past depression as far as possible.
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