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/).

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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  -