TY  - JOUR
TT  - Looking at Today’s World from the Perspective of Adam Smith’s Thoughts on Economic Growth: The Continuity of the Crises
AU  - Aytekin, Barış
PY  - 2017
DA  - March
JF  - İşletme ve İktisat Çalışmaları Dergisi
JO  - IICD
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2147-804X
SP  - 28
EP  - 36
VL  - 5
IS  - 1
KW  - Adam Smith
KW  - İktisadi Büyüme
KW  - Kriz
N2  - Modern economies face crises very intensely. It is important that Adam Smith’s thoughts, especially his perspective of growth, should be reviewed by considering that the fact that ideological aspects of the economics have strong influence in today’s world. The pessimistic point of Smith’s thoughts on growth is derived from the fact that he does not give necessary importance to the technological development. As a result, his solution depends on the “stability” of the economic growth –as the industrial capitalism was still in the development period-. Today, although the technological developments make important contributions to growth, especially the rise of financial capitalism has led to the weakening of the capital as an economic factor for production. As a result, in the line with the aim of financial profitability, it has been transformed into an economic structure which has little contribution to economic growth and causes constant crises. Although it is very different from the Smith’s time,   the economic growth constantly erodes with crises and the sectors of growth reshape.
UR  - https://dergipark.org.tr/tr/pub/iicder/article/347066
L1  - https://dergipark.org.tr/tr/download/article-file/355439
ER  -