HISTORY OF THE ECONOMY.

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  • 384

    GREECE & ROME

    GREECE & ROME
    Aristotle writes "Politics and Ethics" (Distinguishes between money and real capital).
  • 1401

    MIDDLE AGES century V - XV

    MIDDLE AGES century V - XV
    -The economy as moral laws.
    -Canon law,
    -Changes value.
    -It condems usury.
    -Wealth by accumulation of reserves.

  • MERCANTILISM

    MERCANTILISM
    Foreing trade more important than inside.
    Separate Church of goverment and the governs has the power.
    Based their economy on the accumulation of wealth (metals).

  • Thomas Mun

    Thomas Mun
    Trade balance. Merchandise movements. Payments from citizens to government.

  • Mercantilist Schools

    Mercantilist Schools
    Billionism (Spanish) is a stage of exchange of precious metals.
    Colbertism (French) Industrialization.
    Comercialism (British) Foreign trade-wealth.

  • William Petty

    William Petty
    Distribution of wealth in income, interest and salaries. Production and distribution theory. Theory of interest.

  • PHYSIOCRATS

    PHYSIOCRATS
    Wealth is generated in AGRICULTURE
    The state should not intervene.
    The industry and trade do not add value.
    FRANCE

  • Francois Quesnay

    Francois Quesnay
    He created the Physiocrat school

  • CLASSICAL ECONOMICS

    CLASSICAL ECONOMICS
    Book "The wealth of nations" is the difference between price and value of use of goods and division of labour.

  • Industrial Revolution

    Industrial Revolution
    Free trade (The state should not intervene).

  • Thomas Malthus

    Thomas Malthus
    The population will believe that resources are sufficient.

  • David Ricardo

    David Ricardo
    Writes "Principles of political economy and taxation"
    Iron-to-wages act

  • MARXISM

    MARXISM
    Division for social classes.
    Scientific socialism.
    Political end of the doctrines of Lais.
    SURPLUS VALUE

  • Mark and Engels

    Mark and Engels
    Publish the history of all existing societies is the story of the class struggle of a few owners and oppressed.

  • NEOCLASSICS

    NEOCLASSICS
    The value of the goods is explained by their costs (for the supply side).For the neoclassical on the other hand, the value of the goods is explained by the marginal utility,that is, the value that is assigned to the last unit consumed (by the demand side).

  • Schools Neoclassics

    Schools Neoclassics
    English: connection with William Stanley and Alfred Marshall, major exponent of neo-classicism.
    Austrian: associated with Carl Menger, who developed the fundamentals of marginal analysis.
    French: where is Leon Walras, who developed the theory of general equilibrium and the concept of marginal utility.

  • KEYNESIANS

    KEYNESIANS
    General theory of employment, interest and money, changed the dominat economic paradigm.
    Work and pay to revive the economy

  • Keynes

    Keynes
    Father of Macroeconomics
    British economist whose ideas had a strong impact on modern economic and political theories.

  • World Bank

    World Bank
    Foundation of the World Bank

  • Fuernt

    Questions the physiocrat school

  • MONETARIST

    MONETARIST
    Economic theory which considers the amount of money available as a determinant element in the economy.
    Opposed to Keynesianism
    INFLATION

  • Milton Friedman

    Milton Friedman
    Bonding with the Chicago school
    main exponent is the Nobel Prize winner, who led the school for many years.