real gold mine in different ways across Europe from the late sixteenth to the eighteenth century. After Botero is found in the writings of Tommaso Campanella (1602) and Antonio Genovesi (in the early 1750) in Italy, in Spain Uztariz Geronimo (1724-1751) and Anders Berch (1747), the first professor of economics outside Germany, Sweden: "The real gold mines are the manufacturing industries."
In economics Adam Smith before the launch of the industry was included in the broader mission of civilizing society. Capitalism is presented as an argument to suppress and contain the passions of mankind, to channel the energies of human beings doing something creative. The Italian economist Ferdinando Galiani (1728-1787) stated that "the industry can be expected to cure the two main evils of humanity, supersticióny slavery." This principle is based on economic policytime it was clear that the enormous wealth consisting of all the gold and silver poured into Spain volvíaa leave her to end up in places like Venice and the Netherlands. There are numerous studies of the tidal wave of inflation that swept across Europe from southern Spain as a slow tsunami. But why all this flow went gold and silver in such small geographical areas? What was it that distinguíaa Venice and the Netherlands, where he was to stop much of the English gold and silver, the rest of Europe? The answer is that had a large and diversified industry, while its agricultday, the World Bank's economic models assume that in developing countries there is full employment, although in some places less than twenty or thirty per 100 labor force has what we call a "job." At other times the people involved in economic policy recognized the magnitude of unemployment, underemployment and wandering beggar, and understood that the work required to transform raw materials into finished products would increase the wealth of cities and nations. The main issue, however, was that the economic activities that arise when trying to convert raw materials into finished productswhat the market would have been abandoning their own strength: Patents which created a temporary monopoly for new inventions and tariffs that distort prices for manufactured goods and allowed to establish new technologies and new industries away from where they were invented.
These inventions and innovations are created in a way that markets alone could never reproduce. The current economic policy and institutions washintong vigorously defend just one of those institutions, the patents that create streams of income increasing to richer countries, while strongly prohibit the propagation tools that allow geographic ; Chart of imperfect competition in the form of new industries to other countries. We accept imperfect competition protection in rich countries, but not the poor, and this is what we call "dual hypothesis" of economic theory: at home use different theories are permitted in the Third World, following the old colonial pattern. The jollowing the economic power always lead to the same golden rule: whoever has the money is what makes the rules. early eighteenth century devised a rule of thumb for economic policy in bilateral trade , which spread rapidly throughout Europe. When a country exporting raw materials and imported industrial products, was considered a CHTML
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