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BL
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| Record Number
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860628
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| Main Entry
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Ramrattan, Lall,1951-
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| Title & Author
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American exceptionalism : : economics, finance, political economy, and economic laws /\ Lall Ramrattan and Michael Szenberg.
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| Publication Statement
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Cham, Switzerland :: Palgrave Macmillan,, [2019]
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, ©2019
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| Page. NO
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1 online resource :: illustrations
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| ISBN
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3030055574
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: 9783030055578
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3030055566
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9783030055561
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Intro; Foreword; Preface and Acknowledgments; Contents; List of Figures; List of Tables; 1: Introduction; Bibliography; 2: American Exceptionalism: Quantitative and Qualitative; Introduction; Part I: Formal Analyses of American Exceptionalism; Model; Assumptions of the Model; Description of the Model; Political Category; Moral Category; The Greek Period; The Roman Period; The Modern Views on Fig. 2.1; Psychological Category; Institutional Category; Possible Models from our Categorization; Model 1: Physical Models; Model II: Nation Competing for Exceptional Position
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A Brief Historical Background of AmericaPre-Colonial Days; American Indians; Colonial Days; Counterfactuals to the American Economy; Productivity and Growth; Factors of Growth; Population; Land; Capital; Jefferson Theory of War Finance; American Free Banking Era (1838-1860); Denationalized Banking; The Big Push: California Gold Rush (1848-1855); The Civil War Period (1861-1865); Reconstruction (1865-1877); Examination of American Economists for Exceptionalism in Economics; Broad Characterizations of American Economists: Precursor Candidates
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Benjamin Franklin (1706-1790): A First Precursor CandidateJohn Adams (1735-1826): Second President of the United States; Alexander Hamilton (1755 or 1757-1804); On National Debt; On the National Bank; On Taxes and Tariffs; Daniel Raymond (1786-1849); Henry C. Carey (1793-1879); On Ricardian Rent; On Wages and Productivity; On Economic Harmony; Francis A. Walker (1840-1897); Stuart Wood (1853-1914); Wood's Law of Substitution; Frank Albert Fetter (1863-1949); Fetter's View on Marginal Utility; American Psychological School; Fetterʼs Theory of Value and Distribution
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Model III: Tyranny of the MajorityModel IV: Exceptional and Religion; Model V: The Constitution and American Exceptionalism; Model VI: American Exceptionalism in Economic Matters; Degrees of Progress; Degrees of Degeneration of Exceptionalism; Part II: Empirical Analysis of American Exceptionalism; General Measures; The Economic Intelligence Unit Index; Performance of the Three Branches of Government; Conclusion; Bibliography; 3: American Exceptionalism from an Economic Point of View; Background of US Economy; Players; Settlers Characteristics; Indian Characteristics; Strategies
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Simon Nelson Patten (1852-1922)Patten's Theory of Dynamic Society; Herbert Joseph Davenport (1861-1931); Davenport's Methodology: Situational Logic; Centrality of Price in Davenport's Work; Davenport's Cost as Choice Theory; Broad Characterizations of American Economists: Exceptional Candidates; Appraisal Criteria for Exceptional American Economists; J. Bates Clark (1857-1938): Classical and Neoclassical; Clark's Theory of Distribution; The Essence of Clark's Distribution Theory; Clark's Concept of Marginal; Clark's Moral Theory of Distribution; Clark's Static, Stationary, and Dynamic Models
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| Abstract
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The publication of Alexis de Tocqueville's Democracy in America has kindled interest across disciplines to appraise the exceptional nature of U.S. activities. In general, however, all the published works have not focused their analyses from an economic point of view. While economics was for some a "dismal science" following Thomas Carlyle's characterization of Malthus' demographic model, it has increasingly become the "queen of the social sciences" for more practitioners. The book fills a gap in the literature by describing the American contributors as precursors and genuinely exceptional economists. We present their works within the state of the nation in which they advance their discipline. One is treated to both qualitative and quantitative theories in the opening chapter. Budding theories that became established theories of Economics and Finance are investigated in Chapters II and III. When President John Adams was confronted with M. Turgot's criticisms of the American government, he resorted to a historic survey of types of government from ancient Greece to the Middle Ages. Similarly, we have included a final chapter, Chapter IV, to present the argument for American Exceptionalism in the domain of Political Economy and Economic Law over the ages.
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| Subject
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Finance, Public-- United States.
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BUSINESS ECONOMICS-- Economics-- General.
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BUSINESS ECONOMICS-- Reference.
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Economic history.
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Finance, Public.
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| Subject
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United States, Economic conditions.
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United States.
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| Dewey Classification
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330.973
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| LC Classification
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HC103
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| Added Entry
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Szenberg, Michael
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