Basic political economic terms
1. In what ways did the French Enlightenment era help create the study of modern
economics? Illustrate and explain all key figures and their philosophies. Are they
influences found still in the modern global economy? If so, in which ways?
David Ricardo, “Comparative Advantage," "The Iron Law of Wages," and "Theory of
Rents-“
Anne-Robert Turgot and Jean-Baptiste Say
Physiocrats
Charles Fourier and Count Sainte-Simon
Utilitarianism
Karl Marx
William Stanley Jevons and Leon Walras
Historical Economics and the Marshallian School
East Asian Model of Developernent
Export Oriented Strategy
Rent Seeking
Structural Adjustment Programme
Efficiency Oriented Investment
Foreign Direct Investment
Horizontal Integration
Intangible Asset
Locational Advantages
Market Oriented Investment
Natural Resource Investment
Positive Externalities
Specific Asset
Vertical Integration
Calvo Doctrine
Export Processing Zone
Locational Incentives
Multilateral Agreement on Investment