Adam Smith: The Inspirer of Modern Growth Theories

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dc.contributor.authorUcak, Ayhan
dc.date.accessioned2024-06-12T10:50:38Z
dc.date.available2024-06-12T10:50:38Z
dc.date.issued2015
dc.departmentTrakya Üniversitesien_US
dc.descriptionWorld Conference on Technology, Innovation and Entrepreneurship -- MAY 28-30, 2015 -- Istanbul, TURKEYen_US
dc.description.abstractIn 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/).en_US
dc.identifier.doi10.1016/j.sbspro.2015.06.258
dc.identifier.endpage672en_US
dc.identifier.startpage663en_US
dc.identifier.urihttps://doi.org/10.1016/j.sbspro.2015.06.258
dc.identifier.urihttps://hdl.handle.net/20.500.14551/18078
dc.identifier.wosWOS:000380509900078en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherElsevier Science Bven_US
dc.relation.ispartofWorld Conference On Technology, Innovation And Entrepreneurshipen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectAdam Smithen_US
dc.subjectEconomic Growthen_US
dc.subjectIncreasing Returnsen_US
dc.titleAdam Smith: The Inspirer of Modern Growth Theoriesen_US
dc.typeConference Objecten_US

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