Manichism
Title: Manichism
Category: /Society & Culture/Religion
Details: Words: 2265 | Pages: 8 (approximately 235 words/page)
Manichism
Category: /Society & Culture/Religion
Details: Words: 2265 | Pages: 8 (approximately 235 words/page)
The Manichaean character of economics. Charles Kindleberger.
Abstract: Economics is said to have adopted a certain degree of dualism. None of its
tenets have been absolute in terms of social effectivity. To survive in an economic
system, rules must be enforced to ensure the peace. There are times when pluralism is
good for a society as a way recognizing social differences. However, there are times,
such as war, when the rule of a central authority
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seemed lost.
Bibliography
1. Walter Bagehot, "Lombard Street," in The Collected Works of Walter Bagehot,
ed. N. St. John-Stevens (London: The Economist, 1978), vol. 9, pp. 207-8.
2. Great Britain, Parliamentary Papers, Monetary Policy, Commercial Distress
(1857), (Shannon: Irish University Press, 1969), vol. 3, p. xxlx.
CHARLES KINDLEBERGER is Ford International Professor of Economics
Emeritus, Massachusetts Institute of Technology. This article was originally presented
as a speech in honor of Robert Heilbroner at the New School for Social Research,
New York, November 12, 1998.