The London Economist and the High Tide of Laissez Faire

Gordon, Scott

doi:10.1086/257722

Cited by 11 publications

(5 citation statements)

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“…Around the 1848 Revolutions, well into the 19th century, certain economic journals were again actively involved in sensitising politicians and intellectuals in many European countries in favour of liberal economic ideas. Following the example of The Economist , founded in 1843 to defend free trade ideas and laws (Gordon, 1955; Grampp, 1982), titles such as the Journal des Economists in France or the Eco della Borsa in Italy tried to convince the commercial and industrial elites of the benefits of economic liberalisation (Levan-Lesmele, 1985; Levati, 1999; Luftalla, 1972). In the particular case of The Economist , nothing can better symbolise its influence on decision makers than the fact that its most famous editor during the 19th century, Walter Bagehot (ed.…”

Section: The Singularity Of the Economic And Financial Pressmentioning

confidence: 99%

The role of economic journalism in political transitions

Arrese

2016

Journalism

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Due to its peculiar nature, the economic and financial press, throughout history, has had a particular liberty of action in times of tight media controls imposed by the authorities. Both the type of content that it spreads – technical information useful for markets and businesses – and its limited public visibility – with tiny, but influential, audiences – have facilitated this media’s carte blanche to influence elite public opinion in moments of profound political and economic change. This phenomenon can be analysed in some detail around the processes of the political transitions experienced in many authoritarian and totalitarian regimes in the last third of the 20th century. As discussed in this article, economic publications played an important role in changing the mindset of the ruling classes in Argentina, Spain, Russia, China and South Africa, before and after political changes, during times when freedom of the press was restricted for other media.

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Section: The Singularity Of the Economic And Financial Pressmentioning

confidence: 99%

The role of economic journalism in political transitions

Arrese

2016

Journalism

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“…Among them is the dominance of employers against workers/laborers who work for him in the production process which ends in the exploitation of workers/laborers. The concept is as a result of the application of laissez-faire politics [3]. This happens to countries, where the state cannot intervene in the trade process, including the production process, which then results in low wages, excessive working hours, increasing poverty rates for workers/laborers and no appreciation of workers/laborers [4].…”

Section: Impact Of the Industrial Revolution 4 0 In The Labor Forcementioning

confidence: 99%

Industrial Revolution 4. 0 and Its Impacts to Indonesian Labor Force

Kunarti¹,

Pamuji²

2019

Proceedings of the 3rd International Conference on Globalization of Law and Local Wisdom (ICGLOW 2019)

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The most significant impact of Industrial Revolution 4. 0 goes to low-educated labors with repetitive work. International Labor Organization (ILO) reported that 56 % of job opportunity are threatened due to the emergence of robots and automation. Experts predict that labors will lose jobs and stagnancy of wages for high market competition suggests businesses to minimize labor cost. It might gets worse if liberal market system continues and waging policy does not advocate labor's interest. Transition of jobs as the result of Industrial Revolution 4. 0 gives businesses advantages of less labor cost due to robots and automation, yet putting labors aside to disadvantage. More massive automation will challenge labor consolidation because more permanent labors will lose their jobs. However, others are optimistic that Industrial Revolution might brings forth advantages for labors such as less working hours, more productivity and balanced life. In the case of Indonesian labor market, BPS

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“…La base para ambas propuestas es el modelo de la competencia aplicable. El primer principio básico se designa libre o liberal y relaciona el modelo de la competencia aplicable con el "enfoque de laissez-faire" (Gordon, 1955). El principio opera sobre la capacidad funcional del mecanismo de mercado, el cual con la ayuda de la competencia perfecta administrada como una mano invisible (Smith, 2000Rothschild, 1994) provoca después de un cierto período de tiempo el equilibrio de mercado (óptimo de Pareto) (Pareto, 1896(Pareto, , 1987.…”

Section: Los Dos Principios Básicos De Optimización De La Economunclassified

Una “tercera vía” para la construcción de sistemas económicos

Witte

2019

Estud. econ

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La economía busca desde hace mucho una “tercera vía”, la cual no resulta de una combinación especial de planiﬁ cación estatal y mercado, sino por intermedio de la cooperación. Las pruebas de teoría de juegos y la metalogística ilustran la ventaja de la cooperación sobre la competencia, la cual, en las formas relevantes de la práctica de competencia imperfecta, tiene un carácter perturbador que conduce a la pérdida de riqueza. La cooperación, por otro lado, tiene un carácter sostenido que evita pérdidas de bienestar pudiendo lograr un mayor nivel de prosperidad que en competencia imperfecta. A través de la cooperación se pueden evitar los puntos de partida para las crisis económicas, haciendo posible una economía eﬁ ciente. Los subcomponentes de la metalogística muestran los puntos de partida para la cooperación de las unidades económicas entre sí y con el Estado. El consiguiente aprovechamiento de estos puntos de partida permite evitar los déﬁcits de coordinación entre el sector privado (superestructura) y el sector estatal (infraestructura) de una economía. De esta manera, se aumentará la eﬁcacia y la eﬁciencia de la economía.

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The London Economist and the High Tide of Laissez Faire

Cited by 11 publications

References 0 publications

The role of economic journalism in political transitions

The role of economic journalism in political transitions

Industrial Revolution 4. 0 and Its Impacts to Indonesian Labor Force

Una “tercera vía” para la construcción de sistemas económicos

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