Adam Smith: The Inspirer of Modern Growth Theories
Küçük Resim Yok
Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Science Bv
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In economics, one of the most important subjects is to increase economic growth and welfare of society. As one of the most important political economists, Adam Smith analysed the dynamics of wealth of nations and welfare of individuals and societies. In this study, we mainly focused Smith's views on the determinants of economic growth. It is clear that modern economic growth theory has been still benefited from the Smith's views on the economic growth which are division of labour, education, human capital, learning by doing, increasing returns to scale, technological change, externalities, institutional factors such as global free-competitive market economy, the role of government etc. Even if we are not on the same wave with Smith, it is still very important to review Smith's views on the determinants of economic growth in order to design better economic and political environment for economic agents to increase wealth of nations. (C) 2015 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Açıklama
World Conference on Technology, Innovation and Entrepreneurship -- MAY 28-30, 2015 -- Istanbul, TURKEY
Anahtar Kelimeler
Adam Smith, Economic Growth, Increasing Returns
Kaynak
World Conference On Technology, Innovation And Entrepreneurship
WoS Q Değeri
N/A
