Scope of the economy and the model of Ricardo

Nikoloski, Krume and Paceskoski, Vlatko (2017) Scope of the economy and the model of Ricardo. Годишен зборник, Економски факултет, 9. pp. 39-49. ISSN 1857-7628

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Abstract

Abstract In the context of the study of economic science, the sum of individual creative ideas gives us the situation regarding of the economy. Economy grows as a continuous process which continues today, is in itself an inspiration to many economists who want to study economic thought, and perhaps even contribute to its further development. The economic process is embedded in society and is related to all aspects of the cultural and economic life. The entireness of knowledge is the totality of perfect unity between people. Ricardo’s approach to politics had a significant impact in the way future economists were engaged in policymaking. This refers on the way how to formulate good policies and thereby using Ricardo as a model. The understanding of historical thought, the economic system and the economic theory requires awareness of social, historical and philosophical context. Therefore, the purpose of this work is the study of economic thought, specifically on the discussion which refers to the comprehensiveness of the economy and a demonstration of the model of Ricardo. Kew words: production, income, labor, investment, economic growth 1. Вовед

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Krume Nikoloski
Date Deposited: 28 Feb 2018 12:23
Last Modified: 28 Feb 2018 12:23
URI: http://eprints.ugd.edu.mk/id/eprint/19671

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