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Karl Knies
Karl Gustav Adolf Knies (29 March 18213 August 1898) was a German economist of the historical school of economics, best known as the author of ''Political Economy from the Standpoint of the Historical Method'' (1853). Knies taught at the University of Heidelberg for over 30 years, and was perhaps the most theoretically oriented economist of the older historical school. Like others in the German historical school, Knies disliked the attitudes of the "classical school" (Adam Smith, David Ricardo, and their followers), particularly their belief that the pursuit of individual self-interest redounded to the good of the community. In his ''Political Economy'', p. 157, he comments that self-interest is "in the public interest, so to speak, in its weakness, and dangerous in its strength" (gemeinnützig, so zu sagen, in seine Schwäche und gefährlich in seine Stärke). Knies is very important to early American economic thought, as some of its founders studied under him, e.g., John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marburg
Marburg (; ) is a college town, university town in the States of Germany, German federal state () of Hesse, capital of the Marburg-Biedenkopf Districts of Germany, district (). The town area spreads along the valley of the river Lahn and has a population of approximately 76,000. Having been awarded town privileges in 1222, Marburg served as capital of the Landgrave, landgraviate of Hessen-Marburg during periods of the 15th to 17th centuries. The University of Marburg was founded in 1527 and dominates the public life in the town to this day. Marburg is a historic centre of the pharmaceutical industry in Germany, and there is a plant in the town (by BioNTech) to produce vaccines to tackle Covid-19. History Founding and early history Like many settlements, Marburg developed at the crossroads of two important early medieval highways: the trade route linking Cologne and Prague and the trade route from the North Sea to the Alps and on to Italy, the former crossing the river La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, regulatory impact analysis and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1898 Deaths
Events January * January 1 – New York City annexes land from surrounding counties, creating the City of Greater New York as the world's second largest. The city is geographically divided into five boroughs: Manhattan, Brooklyn, Queens, The Bronx and Staten Island. * January 13 – Novelist Émile Zola's open letter to the President of the French Republic on the Dreyfus affair, , is published on the front page of the Paris daily newspaper , accusing the government of wrongfully imprisoning Alfred Dreyfus and of antisemitism. February * February 12 – The automobile belonging to Henry Lindfield of Brighton rolls out of control down a hill in Purley, London, England, and hits a tree; thus he becomes the world's first fatality from an automobile accident on a public highway. * February 15 – Spanish–American War: The explodes and sinks in Havana Harbor, Cuba, for reasons never fully established, killing 266 men. The event precipitates the United States' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1821 Births
Events January–March * January 21 – Peter I Island in the Antarctic is first sighted, by Fabian Gottlieb von Bellingshausen. * January 26 – Congress of Laibach convenes to deal with outstanding international issues, particularly the outbreak of a revolution in southern Italy. * January 28 – Alexander Island, the largest in Antarctica, is first discovered by Fabian Gottlieb von Bellingshausen. * February 9 – Columbian College in the District of Columbia is chartered by President James Monroe (it becomes George Washington University). * February 10 – In Mexico, the Embrace of Acatempan takes place between Agustín de Iturbide and Vicente Guerrero, which seals the peace between the viceroyalty troops and the insurgents. * February 28 – Congress of Laibach formally comes to an end. However the leading participants remain as fresh uprisings break out in Northern Italy and Greece. * March 7 – The Battle of Rieti is fought in Italy between intervening Aust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Tol
Richard S. J. Tol (born 2 December 1969, Hoorn, the Netherlands) is a professor of economics at the University of Sussex. He is also professor of the economics of climate change at the Vrije Universiteit Amsterdam. He is a member of the Academia Europaea. Academic career Tol obtained an MSc in econometrics & operations research in 1992 and a PhD in economics in 1997 at the VU University Amsterdam. His doctoral thesis was titled, ''A decision-analytic treatise of the enhanced greenhouse effect''. In 1998, he contributed with some nineteen other academics to a joint project of the United Nations Environment Programme at his home university. Tol regularly participates in studies of the Energy Modeling Forum, is an editor of ''Energy Economics'', associate editor of '' Environmental and Resource Economics'', and a member of the editorial board of ''Environmental Science and Policy'', and ''Integrated Assessment''. IDEAS/RePEc ranks him among the top 250 economists in the world. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Bates Clark Medal
The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the American economist John Bates Clark (1847–1938). According to '' The Chronicle of Higher Education'', it "is widely regarded as one of the field's most prestigious awards... second only to the Nobel Memorial Prize in Economic Sciences." Many of the recipients went on to receive the Nobel Prizes in their later careers, including the inaugural recipient Paul Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "h .... The award was made biennially until 2007, but from 2009 is now awarded every year because of the growth of the field. Alth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Samuelson
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". "In a career that spanned seven decades, he transformed his field, influenced millions of students and turned MIT into an economics powerhouse" Samuelson was one of the most influential economists of the latter half of the 20th century."Paul Samuelson: The last of the great general economists died on December 13th, aged 94" ''The Economist'', December 17, 2009 In 1996, he was awarded the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Knight
Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century. Paul Samuelson named Knight (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Wesley Clair Mitchell, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860. Life and career Knight ( BA, Milligan College, 1911; BS and AM, Tennessee, 1913; PhD, Cornell, 1916) was born in 1885 in McLean County, Illinois, the son of Julia Ann (Hyneman) and Winton Cyrus Knight. After ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, politician, and member of Parliament. He is recognized as one of the most influential classical economists, alongside figures such as Thomas Malthus, Adam Smith and James Mill. Ricardo was born in London as the third surviving child of a successful stockbroker and his wife. He came from a Sephardic Jewish family of Portuguese origin. At 21, he eloped with a Quaker and converted to Unitarianism, causing estrangement from his family. He made his fortune financing government borrowing and later retired to an estate in Gloucestershire. Ricardo served as High Sheriff of Gloucestershire and bought a seat in Parliament as an earnest reformer. He was friends with prominent figures like James Mill, Jeremy Bentham, and Thomas Malthus, engaging in debates over various topics. Ricardo was also a member of The Geological Society, and his youngest sister was an author. As MP for Portarlington, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam Smith
Adam Smith (baptised 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by some as the "father of economics"——— or the "father of capitalism".———— He is known for two classic works: ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is regarded as his ''magnum opus'', marking the inception of modern economic scholarship as a comprehensive system and an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of divine will and instead appeals to natural, political, social, economic, legal, environmental and technological factors, as well as the interactions among them. The work is notable for its contribution to economic theory, particularly in its exposition o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Palgrave Dictionary Of Economics
''The New Palgrave Dictionary of Economics'' (2018), 3rd ed., is a twenty-volume reference work on economics published by Palgrave Macmillan. It contains around 3,000 entries, including many classic essays from the original Inglis Palgrave Dictionary, and a significant increase in new entries from the previous editions by the most prominent economists in the field, among them 36 winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Articles are classified according to ''Journal of Economic Literature'' (''JEL'') classification codes. ''The New Palgrave'' is also available in a hyperlinked online version. Online content is added to the 2018 edition, and a 4th edition under the editorship of Jayati Ghosh, Esteban Pérez Caldentey, and Matías Vernengo will be published in 2027. J. Barkley Rosser Jr. was a co-editor until his untimely demise. The 1st edition was titled ''The New Palgrave: A Dictionary of Economics'' (1987), was and edited by John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Historical Method
Historical method is the collection of techniques and guidelines that historians use to research and write histories of the past. Secondary sources, primary sources and material evidence such as that derived from archaeology may all be drawn on, and the historian's skill lies in identifying these sources, evaluating their relative authority, and combining their testimony appropriately in order to construct an accurate and reliable picture of past events and environments. In the philosophy of history, the question of the nature, and the possibility, of a sound historical method is raised within the sub-field of epistemology. The study of historical method and of different ways of writing history is known as historiography. Though historians agree in very general and basic principles, in practice "specific canons of historical proof are neither widely observed nor generally agreed upon" among professional historians. Some scholars of history have observed that there are no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
