These leaders appeal to
the dominant economic theory that teaches that the larger the market and the freer it is of governmental interference, the faster wealth is created.
The present rules were developed as compromises between the advocates of complete «free trade,» the ideal that follows from
dominant economic theory, and those who felt that nations should have some control over their own economies.
Nevertheless, their success would have been much less had they lacked the strong support of
the dominant economic theory.
This vision and understanding are shaped by
the dominant economic theory.
Yet the assumptions of
the dominant economic theory are rather obviously false.
In my opinion, the general realization that policies justified by
the dominant economic theory destroy human community and degrade the natural environment should be enough to persuade people of good will that they should look in other directions.
When we turn to the view of the human, the implications of the metaphysics I have proposed are just as contrary to those of
the dominant economic theory.
But they are fully supported by
the dominant economic theory in which they no doubt genuinely believe.
I have recently become aware of an important illustration of the increasing hegemony of
the dominant economic theory in the public policy of the United States.
But that power rests to a considerable extent on the support of
the dominant economic theory.
For
the dominant economic theory, the contributions of nature can be replaced by capital.
Not exact matches
The author critiques the assumptions underlying the
dominant market - place
economic theory and proposes different assumptions which take into account the fact that people live in communities.
For the last 150 years FDI has become
dominant with trade taking second place in the
dominant countries in
economic development
theory.