, Bart. 2011. Are Normative Properties DescriptiveProperties? Philosophical Studies 154: 325-348. Sturgeon, Nicholas. 1988. Moral Explanations. In Essays on Moral Realism . Edited by G. Sayre-McCord. Ithaca and London: Cornell University Press, 229-255.
true it is
high time that economic policies help the poor.
So, it is time to reexamine economic growth
theory, its descriptiveproperties and its
Question number 5 Extant theory CDR Theory
What is the role of natural
resources on GDP?
Historically, natural resources were the main
source of wealth, but not anymore. Natural
resources, both renewable and non-renewable,
and ecosystem services are a part of the real
wealth of nations. They are the natural capital
out of which other forms of capital are made.
that economics can do so much for ten percent of the
world and yet so little for ninety percent. Jones C.I. and Vollrath D. (2013) suggest that a critical
difference between astronomy and economics is that the economic universe can be potentially re-
created by economic policy. That economic policy can shape the course of growth and
development. If that is true it is high time that economic policies help the poor. So, it is time to
re-examine economic growth theory, its descriptiveproperties and its prescriptive properties.
The purpose of this paper is to