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| | Hexapedia - History of economic thought |
 | | The dominant form of market economics focuses on societies where property is owned by individuals, money has a rational basis, and profit comes from utilizing labor and capital to produce goods to be sold in the market - or capitalism. | | | The late 19th century also saw the "marginal revolution" or neo-classical economics, which altered the basis of economic reasoning to include concepts such as marginalism and opportunity cost. | | | Both economy and economics are derived from the Greek oikos- for "house" or "settlement", and nomos for "laws" or "norms". |
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http://www.hexafind.com/encyclopedia/History_of_economic_thought
(2021 words)
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| | John Stuart Mill |
| | J.S. Mill was an economist, a Classical economist whose magnificent 1848 restatement of Ricardo's theory was thought to be so conclusive that, in the beginning of a discussion on price theory, he confidently notes that: | | | A Portrait of Harriet Taylor with J.S. Mill, and Harriet Taylor by herself. | | | HET Pages: General Glut Controversy, the Classical Ricardian System, the Carlyle-Mill "Negro Question" Debate |
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http://cepa.newschool.edu/het/profiles/mill.htm
(390 words)
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