Economics

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Economics

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

See Also

  • Economic Development
  • Economics

Resources

See Also

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

Resources

Notes and References

Guide to Economics

 

The Legal History of Law and Economics

This section provides an overview of Law and Economics

Resources

See Also

  • Legal Biography
  • Legal Traditions
  • Historical Laws
  • History of Law

Further Reading

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

Resources

Translation of Economics

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

See also

  • Economic science
  • Economic theory
  • Political economics
  • Political economy

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