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vlabodo [156]
2 years ago
14

There are two questions here if you could answer both of them it would be great

History
2 answers:
frosja888 [35]2 years ago
8 0

Answer:

True

and I think Sociology

Explanation:

jolli1 [7]2 years ago
6 0

Answer:

No. 1

is True

No. 2

pyschology

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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

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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

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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

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

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

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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.

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