Search results for "ADAM"
showing 10 items of 372 documents
Adam Smith on Monopoly Theory. Making good a lacuna
2014
This article analyses Adam Smith's views on monopoly by focusing on Book IV and V of The Wealth of Nations. It argues that the majority of scholars have assessed Smith's analysis of monopoly starting from premises different from those, actually though implicitly, used by Smith. We show that Smith makes use of the word 'monopoly' to refer to a heterogeneous collection of market outcomes, besides that of a single seller market, and that Smith's account of monopolists' behaviour is richer than that provided by later theorists. We also show that Smith was aware of the growth-retarding effect of monopoly and urged State regulation. © 2014 Scottish Economic Society.
The Classical Notion of Competition Revisited
2013
This article seeks to fill a lacuna within classical economics concerning the process of market price determination in situations of market disequilibrium. To this aim, first we distinguish the classical notion of free competition from the Walrasian notion of perfect competition and we argue that the latter is beset with some theoretical difficulties alien to the former. Second, we reconstruct in some detail Smith’s and Marx’s views concerning market price determination and show that Marx’s extensive use of metaphors and numerical examples foreshadows the modern taxonomy of buyers’ market, sellers’ market, and mixed strategy equilibrium in the capacity space of a standard Bertrand duopoly m…
Adam Smith and the family
2008
This paper examines Adam Smith’s vision of family life and the role of the family in society as it stems from the Theory of Moral Sentiments. We first discuss textual evidences of Smith’s vision of gender differences and of the relationships between the sexes. Then we turn to TMS’s analysis of marriage and family life, exploring the importance of sentiments in strengthening family bonds and in fostering individuals’ moral education. Then we enlarge our perspective, considering Smith’s view on the role of the family within society, especially as market and non market relationships are concerned. Finally, we focus on Smith’s vision of the possible threats which life in Commercial societies ma…
New Microbe Killers: Self-Assembled Silver(I) Coordination Polymers Driven by a Cagelike Aminophosphine
2019
New Ag(I) coordination polymers, formulated as [Ag(µ
Smith, Marshall and Young on division of labour and economic growth
2003
The aim of this paper is to reconstruct the theory of division of labour and economic growth proposed by Adam Smith and developed by Alfred Marshall and Allyn Young. In their approach division of labour is the main engine of growth and plays a central role in capital accumulation and technological progress. We suggest that, according to their theory: 1) economic growth is endogenous; 2) it has the nature of a cumulative, pathdependent process; and 3) it can be described as a disequilibrium process, supported by competitive forces. We argue that these aspects make the contributions of Smith, Marshall and Young still insightful for the development of growth theory, even in the light of the mo…
A Innovative Monitoring Underwater Buoy Systems (MUnBuS) for Marine and Rivers installation with IR-Cam, Instrumental Telemetry and Acoustic Data Acq…
2015
The proposed low cost systems shows the results obtained in the implementation and testing in marine environment of a Innovative Monitoring Underwater Buoy Systems for Marine and Rivers installation with IR-Cam, Instrumental Telemetry and Acoustic Data Acquisition Capability (MUnBuS). This concerning a innovative Monitoring Underwater Buoy Systems that can be remotely controlled from the ground, air, satellite and sea and from a Center of Supervision Telecontroller And Data Acquisition and Monitoring (Mobile-STADAM Center). The Buoy is hosts for the radio or satellite communication equipment, the downloading and telemetering data equipment and the photovoltaic power supply, board and underw…
Identification of the inertial model for innovative semi-immergible USV (SI-USV) drone for marine and lakes operations
2015
The proposed project shows the results obtained in the implementation and testing in lacustrine and marine environment of a nautical remote controlled vehicle with surface navigation and innovative features Semi-Immergible (SI-USV). This vehicle is based on a pending patent belonging to Palermo University (Patent Pending RM2012A000209 and Patent RM2014Z000060) concerning innovative semi-immersible vehicles (SI-Drone), that can be remotely controlled from the ground, air, satellite and sea also during the semi-immersible operation. Given its low draft, the electric powered vehicle, coupled with jet propulsion, makes it possible to navigate in shallow waters, coastal shipping or sandbars.
La Unión Europea, un nuevo modelo de respuesta al terrorismo
2006
I. Un nuevo marco jurídico internacional en construcción. II. La estrategia de seguridad de Estados Unidos contra el terrorismo. III. La respuesta de la Unión Europea al terrorismo