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William Harold Hutt
William Harold Hutt (3 August 1899 – 19 June 1988) was an English economist who described himself as a classical economist.Egger, John B. "William Harold Hutt (1899–1988): A Biographical Essay from an Austrian Perspective." '' Mises.org''./ref> Early life Hutt was born into a working-class, but educated family in London, where his father was a compositor. After he completed high school during the height of the First World War, he began training as a pilot, but abandoned his training at the end of the war. Champion, Rafe. "The Achievement of William Harold Hutt./ref> Education Hutt attended the London School of Economics (LSE) where he earned a Bachelor of Commerce degree under the "leading influence" of Edwin Cannan. After his 1924 graduation from LSE, Hutt worked for a publisher until 1927. It was during this period that Hutt wrote his first published essay, entitled "The Factory System of the Early Nineteenth Century" (1926). Professional career Rather than wholly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory, a theory that has come under considerable question in recent years. Neoclassical economics historically dominated macroeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s to the 1970s.Clark, B. (1998). ''Principles of political economy: A comparative approach''. Westport, Connecticut: Praeger. Nadeau, R. L. (2003). ''The Wealth o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australians
Australians, colloquially known as Aussies, are the citizens, nationals and individuals associated with the country of Australia. This connection may be residential, legal, historical or ethno-cultural. For most Australians, several (or all) of these connections exist and are collectively the source of their being Australian. Australian law does not provide for a racial or ethnic component of nationality, instead relying on citizenship as a legal status. Since the postwar period, Australia has pursued an official policy of multiculturalism and has the world's eighth-largest immigrant population, with immigrants accounting for 30 percent of the population in 2019. Between European colonisation in 1788 and the Second World War, the vast majority of settlers and immigrants came from the British Isles (principally England, Ireland and Scotland), although there was significant immigration from China and Germany during the 19th century. Many early settlements were initially ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alumni Of The London School Of Economics
Alumni (singular: alumnus (masculine) or alumna (feminine)) are former students of a school, college, or university who have either attended or graduated in some fashion from the institution. The feminine plural alumnae is sometimes used for groups of women. The word is Latin and means "one who is being (or has been) nourished". The term is not synonymous with "graduate"; one can be an alumnus without graduating ( Burt Reynolds, alumnus but not graduate of Florida State, is an example). The term is sometimes used to refer to a former employee or member of an organization, contributor, or inmate. Etymology The Latin noun ''alumnus'' means "foster son" or "pupil". It is derived from PIE ''*h₂el-'' (grow, nourish), and it is a variant of the Latin verb ''alere'' "to nourish".Merriam-Webster: alumnus .. Separate, but from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1988 Deaths
File:1988 Events Collage.png, From left, clockwise: The oil platform Piper Alpha explodes and collapses in the North Sea, killing 165 workers; The USS Vincennes (CG-49) mistakenly shoots down Iran Air Flight 655; Australia celebrates its Bicentennial on January 26; The 1988 Summer Olympics are held in Seoul, South Korea; Soviet troops begin their withdrawal from Afghanistan, which is completed the next year; The 1988 Armenian earthquake kills between 25,000-50,000 people; The 8888 Uprising in Myanmar, led by students, protests the Burma Socialist Programme Party; A bomb explodes on Pan Am Flight 103, causing the plane to crash down on the town of Lockerbie, Scotland- the event kills 270 people., 300x300px, thumb rect 0 0 200 200 Piper Alpha rect 200 0 400 200 Iran Air Flight 655 rect 400 0 600 200 Australian Bicentenary rect 0 200 300 400 Pan Am Flight 103 rect 300 200 600 400 1988 Summer Olympics rect 0 400 200 600 8888 Uprising rect 200 400 400 600 1988 Armenian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1899 Births
Events January 1899 * January 1 ** Spanish rule ends in Cuba, concluding 400 years of the Spanish Empire in the Americas. ** Queens and Staten Island become administratively part of New York City. * January 2 – ** Bolivia sets up a customs office in Puerto Alonso, leading to the Brazilian settlers there to declare the Republic of Acre in a revolt against Bolivian authorities. **The first part of the Jakarta Kota–Anyer Kidul railway on the island of Java is opened between Batavia Zuid ( Jakarta Kota) and Tangerang. * January 3 – Hungarian Prime Minister Dezső Bánffy fights an inconclusive duel with his bitter enemy in parliament, Horánszky Nándor. * January 4 – **U.S. President William McKinley's declaration of December 21, 1898, proclaiming a policy of benevolent assimilation of the Philippines as a United States territory, is announced in Manila by the U.S. commander, General Elwell Otis, and angers independence activists who had fought ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guatemala City
Guatemala City ( es, Ciudad de Guatemala), known locally as Guatemala or Guate, is the capital and largest city of Guatemala, and the most populous urban area in Central America. The city is located in the south-central part of the country, nestled in a mountain valley called Valle de la Ermita ( en, Hermitage Valley). The city is the capital of the Municipality of Guatemala and of the Guatemala Department. Guatemala City is the site of the Mayan city of Kaminaljuyu, founded around 1500 BC. Following the Spanish conquest, a new town was established, and in 1776 it was made capital of the Kingdom of Guatemala. In 1821, Guatemala City was the scene of the declaration of independence of Central America from Spain, after which it became the capital of the newly established United Provinces of Central America (later the Federal Republic of Central America). In 1847, Guatemala declared itself an independent republic, with Guatemala City as its capital. The city was originally loc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universidad Francisco Marroquín
Francisco Marroquín University (Spanish: ''Universidad Francisco Marroquín''), also known by the abbreviation UFM, is a private, secular university in Guatemala City, Guatemala. It describes its mission as "to teach and disseminate the ethical, legal, and overall economic principles of a society of free and responsible persons." According to Milton Friedman, it is "one of the leading universities in Latin America." History It was founded in 1971 by Manuel F. Ayau, known as Muso. Its namesake is Francisco Marroquín, an early bishop of Guatemala and translator of Central American languages, but the university does not follow any of his teachings or philosophies. Started by members of Center for Economic and Social Studies with $40,000 and 125 students, UFM counted 2700 undergraduate students and 1500 graduate students as of 2009. The philosophy statement says that "universities need to place themselves beyond the conflicts of their time so that science and academic freedom � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Sovereignty
Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced, and the idea that the consumer is the best judge of their own welfare. ''Consumer sovereignty in production'' is the controlling power of consumers, versus the holders of scarce resources, in what final products should be produced from these resources. It is sometimes used as a hypothesis that the production of goods and services is determined by the consumers' demand (rather than, say, by capital owners or producers). ''Consumer sovereignty in welfare'' is the idea that the consumer is the best judge of their own welfare (rather than, say, politicians). It is used to claim that, for example, the government should help the poor by giving them monetary transfers, rather than by giving them products that are deemed "essential" by the politicians. Consumer sovereignty in production Consumer sovereignty was first defined by William Harold Hutt as follows:The consu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James M
James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (other), various kings named James * Saint James (other) * James (musician) * James, brother of Jesus Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Arts, entertainment, and media * ''James'' (2005 film), a Bollywood film * ''James'' (2008 film), an Irish short film * ''James'' (2022 film), an Indian Kannada-language film * James the Red Engine, a character in ''Thomas the Tank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Sweden Prize In Economic Sciences In Memory Of Alfred Nobel
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered by the Nobel Foundation. Although not one of the five Nobel Prizes which were established by Alfred Nobel's will in 1895, it is commonly referred to as the Nobel Prize in Economics. The winners of the Nobel Memorial Prize in Economic Sciences are chosen in a similar way, are announced along with the Nobel Prize recipients, and the prize is presented at the Nobel Prize Award Ceremony. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank, to commemorate the bank's 300th anniversary. It is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Selgin
George Selgin (; born 1957) is an American economist. He is Senior Fellow and Director Emeritus of the Cato Institute's Center for Monetary and Financial Alternatives, where he is editor-in-chief of the center's blog, ''Alt-M'', Professor Emeritus of economics at the Terry College of Business at the University of Georgia, and an associate editor of ''Econ Journal Watch''. Selgin formerly taught at George Mason University, the University of Hong Kong, and West Virginia University. Research Selgin's research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He is one of the founders, along with Kevin Dowd and Lawrence H. White, of the Modern Free Banking School, which draws its inspiration from the writings of Friedrich Hayek on denationalization of money and choice in currency. A central claim of the Free Banking School is that the effects of government intervention in m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia Society
The Philadelphia Society is a membership organization the purpose of which is "to sponsor the interchange of ideas through discussion and writing, in the interest of deepening the intellectual foundation of a free and ordered society, and of broadening the understanding of its basic principles and traditions". The membership of the Society tends to be composed of persons holding conservative or libertarian political views, and many of those associated with the Society have exercised considerable influence over the development of the conservative movement in the United States. History The Philadelphia Society was founded in 1964 by Donald Lipsett in conjunction with William F. Buckley Jr., Milton Friedman, Frank Meyer, and Ed Feulner. Former Presidents of the Society include Henry Regnery, Edwin Feulner, Russell Kirk, Mel Bradford, Forrest McDonald, T. Kenneth Cribb, M. Stanton Evans, Ellis Sandoz, Edwin Meese, Claes G. Ryn, Midge Decter, Roger Ream, Steven F. Hayw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
