Economics Dictionary of ArgumentsHome | |||
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Markets: A market in economics is a physical or virtual place where buyers and sellers come together to exchange goods and services. Markets allow people to specialize in different areas of production, they provide competition, and promote innovation. See also Competition, Progress, Economy, Goods, Exchange, Trade, Innovation._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Concept | Summary/Quotes | Sources |
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Adam Smith on Markets - Dictionary of Arguments
Mause I 55f Market/Adam Smith/SmithVsNeoclassicism/NeoclassicismVsSmith: Smith, as a representative of classical economic theory and its successors, the aspects of market processes, in particular the suitability of markets, were of great importance to contribute to the realisation of individual freedom or to promote the production of innovations. Also unthinkable for the classics would be the neoclassical view of money as a mere "veil" without real effects, since these were very well aware of the real economic consequences of monetary factors. >Money, >Monetarism. NeoclassicismVsSmith: Neoclassical theory is about the ((s) at least theoretical) attainability of a market equilibrium. >Neoclassical economics as author, >Neoclassical economics._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSmith I Adam Smith The Theory of Moral Sentiments London 2010 EconSmithV I Vernon L. Smith Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |