Contents 1 Ancient Economic Thought 1.1 Aristotle 2 Economic Thought in the Middle Ages 2.1 Thomas Aquinas 2.2 Duns Scotus 2.3 Ibn Khaldun 2.4 Nicole Oresme 3 Mercantilism‚ Nationalism‚ and International Trade 3.1 Sir Thomas More 3.2 Jean Bodin 3.3 Edward Misselden and Gerard Malynes 3.4 Thomas Mun 3.5 Sir William Petty 3.6 Philipp von Hörnigk 3.7 Jean-Baptiste Colbert and Pierre Le Pesant‚ Sieur de Boisguilbert 3.8 Charles Davenant 3.9 Sir James Steuart 4 The British Enlightenment
Premium Economics Adam Smith Capitalism
History of economic thought History of economic thought The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times‚ scholars
Premium Economics Capitalism Adam Smith
Impacts of Medieval Fairs on Feudal Society Steve Zhang Franklin and Marshall College November 18‚ 2012 Abstract This paper presents insights on the Medieval fairs. In particular it looks into the impacts of Medieval fairs had on the socioeconomic transformation of feudal society. It argues that although fairs had little impact on the social patterns of serfs from early to high Middle Ages because they were created to
Premium Feudalism Middle Ages Serfdom
League of Nations set the treaties called the Paris Peace Treaties. Set by the Allies from War‚ not allowed membership! Memorize: GA NB TH ST L Treaty of Germain 1919 (with Austria) Recognized the spilt of 1918 AH. Austria wanted to be treated as a new state rather than successor of AH‚ this was denied war guilt still had to be paid‚ reparations‚ limit of 30‚000 forces. Old AH empire areas rewarded to Italy disputes. Italy received what they had been promised in Treaty of London 1915‚ South
Premium World War I Treaty of Versailles Ottoman Empire
A school known as “Physiocracy” emerged on the European continent‚ in France‚ in the mid 18th Century. Physiocrazy posits that the earth generates surplus. More specifically‚ Physiocrats purport that agriculture – and only agriculture – generates outputs greater than its inputs. That is‚ one seed of grain planted in the earth yields many more seeds. Through this the Physiocrats conclude that the earth and agriculture is the source of economic "surplus." Francois Quesnay is noted as the main exponent
Premium Adam Smith Karl Marx Capitalism
The Evolution of Management Thought Through the practice of management and the continued development of commerce and wealth we are transforming our lives. In Massachusetts (USA) in the 1850s the life expectancy of a male would have been 37 years of age and a female 40: in 1929 it was 58 for a male and 61 for a female; nowadays life expectancy would be in the region 70-80 years. While appreciating the past success of ‘management’ we would also recognize that today’s accelerating pace of change is
Premium Management W. Edwards Deming Systems theory
Evolution of Management Thoughts (Managerial Function) Management is studied in business academics since earlier times and it is considered as an integral part to understand business operations. People have been changing and redesigning organizations for centuries. Though the 20th century is noticeable in history as an ’Era of scientific management’‚ still it does not indicate that management tactics were not used in yester years. Many studies indicated that Management theory evolved with "scientific"
Premium Management
Early management Writers Chapter- 4 Compared with the two preceding centuries‚ the 1800s brought forth a veritable wealth of literature on management. Economists perceived of and wrote about managerial concepts‚ the functions of management‚ and the applications of management theory. Samuel P Newman wrote in 1835‚ needed to constitute a good undertaker‚ a combination of qualities‚ rarely found united in the same individual. He should possess an unusual share of foresight and calculation‚ that
Premium Management
MANAGEMENT THOUGHTS AND THEORIES The industrial revolution‚ which began in Europe in mid-1700s‚ was the starting point for the development of management concepts and theories. PRECLASSICAL CONTRIBUTORS TO MANAGENENT THOUGHT Name Period Contribution Robert Owen 1771- 1858 Proposed legislative reforms to improve working conditions of labor Charles Babbage 1792-1871 Advocated the concept of division of labor’; devised a profit-sharing plan which led to the modern-day Scanlon Plan Andrew
Premium Management
INTRODUCTION Definition of Management Management is the art‚ or science‚ of achieving goals through people. Since managers also supervise‚ management can be interpreted to mean literally “looking over” – i.e.‚ making sure people do what they are supposed to do. Managers are‚ therefore‚ expected to ensure greater productivity or‚ using the current jargon‚ ‘continuous improvement’. More broadly‚ management is the process of designing and maintaining an environment in which individuals‚ working
Premium Management