1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleonysh [2.5K]
2 years ago
14

Explain how a factory owner would view capitalism

History
1 answer:
xenn [34]2 years ago
5 0

Answer:

Economic theorizing

utilizes, on the one hand, mathematical techniques and, on the other, thought

experiments, parables, or stories. Progress may stagnate for various reasons.

Sometimes we are held back for lack of the technique needed to turn our stories

into the raw material for effective scientific work. At other times, we are

short of good stories to inject meaning into (and perhaps even to draw a moral

from) our models. One can strive for intellectual coherence in economics either

by attempting to fit all aspects of the subject into one overarching

mathematical structure or by trying to weave its best stories into one grand

epic.

This paper attempts to revive an old

parable, Adam Smith’s theory of manufacturing production, which has been

shunted aside and neglected because it has not fitted into the formal structure

of either neoclassical or neo-Ricardian theory. The paper attempts to persuade

not by formal demonstrations (at this stage) but by suggesting that the parable

can illuminate many and diverse problems and thus become the red thread in a

theoretical tapestry of almost epic proportions.

The subject may be approached from either

a theoretical or a historical angle. Regarding the theoretical starting-point,

it is possible to be brief since the familiar litany of complaints about the

neoclassical constant-returns production function hardly bears repeating. The

one point about it that is germane here is that it does not describe production

as a process, i.e., as an ordered sequence of operations. It is more like a

recipe for bouillabaisse where all the ingredients are dumped in a pot, (K, L),

heated up, f(·), and the output, X, is ready. This abstraction

from the sequencing of tasks, it will be suggested, is largely responsible for

the well-known fact that neoclassical production theory gives us no [204] clue

to how production is actually organized. Specifically, it does not help us

explain (1) why, since the industrial revolution, manufacturing is normally

conducted in factories with a sizeable workforce concentrated to one workplace,

or (2) why factories relatively seldom house more than one firm, or (3) why

manufacturing firms are “capitalistic” in the sense that capital

hires labor rather than vice versa.

You might be interested in
In aryan culture what are vedas
JulijaS [17]

Answer:

The Vedas, meaning “knowledge,” are the oldest texts of Hinduism. They are derived from the ancient Indo-Aryan culture of the Indian Subcontinent and began as an oral tradition that was passed down through generations before finally being written in Vedic Sanskrit between 1500 and 500 BCE (Before Common Era).

Explanation:

The Vedas, which means “knowledge,” are the oldest texts of Hinduism. they're derived from the traditional Indo-Aryan culture of the Indian landmass and commenced as an oral tradition that was passed down through generations before finally being written in sacred writing Sanskritic language between 1500 and five hundred BCE (Before Common Era). ;)

4 0
2 years ago
True or false please help fast
Elis [28]
F
f
t
t
t
are your answers for those questions

4 0
3 years ago
How far north did islam spread in the 600's? How far east?
lozanna [386]
In the 600's, Islam spread far North and East Africa through trade and the spread of the Arabic language. The expansion of the Arab Empire in the years following the Prophet Muhammad's death led to the creation of caliphates, occupying a vast geographical area and conversion to Islam was boosted by missionary activities particularly those of Imams, who easily intermingled with local populace to propagate the religious teachings.
3 0
2 years ago
Read 2 more answers
What does the use of oracle bones tell us about the early Chinese
timurjin [86]
<span>They believed in predicting the future, and had a written language.</span>
8 0
3 years ago
Read 2 more answers
I NEED THE ANSWER ASAP PLEASE!!! 1. Fill out the T-chart to help you weigh the pros and cons of popular sovereignty.
Radda [10]

please mark me as the brainlest answer please

if you do it then I will answer your all questions.

3 0
3 years ago
Other questions:
  • Why did the Puritans leave England for America?
    13·1 answer
  • To reinforce the power of the Catholic Church, Ferdinand and Isabella established the Spanish
    5·2 answers
  • Should it be right for Congress to create a national monument for those who moved to the West in the 1850s and 1860s, also known
    11·1 answer
  • Why was latin important to rome
    7·1 answer
  • By the 1800s, which of these statements was true about china?
    9·1 answer
  • Much of which region is made up of national forest land?
    9·1 answer
  • Why is it useful for historians to base certain studies on the analysis of
    14·2 answers
  • The Meiji Restoration involved social, economic and political changes by
    6·1 answer
  • Who is sometimes referred to as the father of our country
    5·1 answer
  • A value is defined as a person's decision about​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!