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Asset-based Welfare
Asset-based welfare is an economics, economic theory of poverty eradication based upon the redistribution of productive assets in an economy rather than income. History During the American revolution and the French revolution in the eighteenth century, Thomas Paine, an American Revolutionary, and Antoine-Nicolas Condorcet, French philosopher, tried to bring out ways to have a society free of poverty. But their ideas did not gather much attention as the French and American revolutionaries developed system of social democracy in which state intervention and central planning played a significant role. The failure of central planning, during the twentieth century, made it necessary to explore alternative ideas of social democracy. It was then, that the earlier ideas of Condorcet and Paine were brought to light. The kind of social democracy which is laid down by Condorcet and Paine has an important role in capital grants. Another British historian Gareth Stedman Jones describes how ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
