Globalism Of Neoclassical Economics Versus Nationalism Of American School Of Economics

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Monk-Eye

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" Globalism Of Neoclassical Economics Versus Nationalism Of American School Of Economics "

* Domestic Product Interests Are Not Nurtured But Contracted To The Lowest Global Bidder When Possible *


Neoclassical economics uses the utility theory of value, which states that the value of a good is determined by the marginal utility experienced by the user. This is one of the main distinguishing factors between neoclassical economics and other earlier economic theories, such as Classical and Marxian, which use the labor theory of value that value is determined by the labor required for production [16]

It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-20th century.[2][3][4][5][6][7] Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:
  1. Protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–1970).
  2. Government investments in infrastructure creating targeted internal improvements (especially in transportation).
  3. A national bank with policies that promote the growth of productive enterprises rather than speculation.[8][9][10][11]

*Apparently Australian Government Is Not As Oblivious To Ruin As The American Government *

Australia blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, local media reported, a sign that tensions between the trading partners remain elevated.


* Kleptocracies Selling Out To Chinese Domination *

Africa has become the fastest urbanizing region of the world, with rural migrants moving into cities a clip that has even surpassed that of China and India, as the continent becomes one of the final frontiers of the forth industrial revolution. This rapid transition presents big challenges but also offers big rewards for countries willing to risk billions in an infrastructure building revolution unlike anything the world has seen before – and no country has answered Africa’s call quite like China.
 

Rye Catcher

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" Globalism Of Neoclassical Economics Versus Nationalism Of American School Of Economics "

* Domestic Product Interests Are Not Nurtured But Contracted To The Lowest Global Bidder When Possible *


Neoclassical economics uses the utility theory of value, which states that the value of a good is determined by the marginal utility experienced by the user. This is one of the main distinguishing factors between neoclassical economics and other earlier economic theories, such as Classical and Marxian, which use the labor theory of value that value is determined by the labor required for production [16]

It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-20th century.[2][3][4][5][6][7] Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:
  1. Protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–1970).
  2. Government investments in infrastructure creating targeted internal improvements (especially in transportation).
  3. A national bank with policies that promote the growth of productive enterprises rather than speculation.[8][9][10][11]

*Apparently Australian Government Is Not As Oblivious To Ruin As The American Government *

Australia blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, local media reported, a sign that tensions between the trading partners remain elevated.


* Kleptocracies Selling Out To Chinese Domination *

Africa has become the fastest urbanizing region of the world, with rural migrants moving into cities a clip that has even surpassed that of China and India, as the continent becomes one of the final frontiers of the forth industrial revolution. This rapid transition presents big challenges but also offers big rewards for countries willing to risk billions in an infrastructure building revolution unlike anything the world has seen before – and no country has answered Africa’s call quite like China.

Costco has a series of books [The Big Ideas Collection] which has four separate books: Economics, Math, Science, and Physics. I bought it for my grandsons. I suggest anyone seeking to respond to this thread buy the series and read first the one on Economics: The Economics Book, Big Ideas Simply Explained.
 
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