A Review of the Theory of Wealth and Poverty
- DOI
- 10.2991/iccessh-18.2018.227How to use a DOI?
- Keywords
- culture; economic development; institutional change; historical comparison institutional analysis
- Abstract
This paper summarizes the explanations of the ancient problems of the rich countries in western economics, and uses the historical comparative analysis method to clarify a vein. From Adam Smith's theory of exchange of division of labor and specialization of the neoclassical growth theory, and then from Marx's theory of institutional change to North's theory of institutional change, these theories have failed to explain the nature of economic development is the most real. The only way to do this is by looking at the typical case of Genoa and Maghreb. And aiming at the shortcomings of the north ideology theory, Greif believed that ideology is the culture, the game analysis, introduced in the process of analysis, thus effectively made up for the inadequacy of our predecessors, only history comparative institutional analysis explains the problems of rich countries to poor.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Shun Yi AU - AmyMya Menghua Liu PY - 2018/07 DA - 2018/07 TI - A Review of the Theory of Wealth and Poverty BT - Proceedings of the 3rd International Conference on Contemporary Education, Social Sciences and Humanities (ICCESSH 2018) PB - Atlantis Press SP - 998 EP - 1001 SN - 2352-5398 UR - https://doi.org/10.2991/iccessh-18.2018.227 DO - 10.2991/iccessh-18.2018.227 ID - Yi2018/07 ER -