The sentiments of adam smith relating to economic growth as an inspirer to modern growth theories

Ulusların zenginliğini belirleyen faktörler, politika yapıcıları ve iktisatçıların ilgisini her zaman çekmiştir. İktisat biliminde en önemli konulardan biri, iktisadi büyümeyi ve toplumun refahını arttırmaktır. Bilindiği üzere, Adam Smith en önemli politik iktisatçılardan biri olarak, bireylerin ve toplumların refahının ve ulusların zenginliğinin dinamiklerini incelemiştir. Bu çalışmada, Smith’in iktisadi büyümenin belirleyicileri üzerindeki görüşlerine odaklanılmıştır. Açıktır ki modern büyüme teorileri hâlâ Smith’in iktisadi büyüme üzerindeki görüşlerinden yararlanmaktadır. Bunlar arasında, işbölümü ve uzmanlaşma, eğitim, beşeri sermaye, yaparak öğrenme, teknolojik değişim, dışsallıklar, küresel serbest rekabetçi ekonomi yapısı ve devletin rolü gibi kurumsal faktörler sayılabilir. Smith ile aynı düşüncede olunmasa bile, Smith’in ekonomik büyümenin belirleyicileri üzerine görüşlerini yeniden gözden geçirmek, iktisadi birimlere daha iyi ekonomik ve politik bir çalışma iklimi tasarlayarak refahlarını arttırmak için hâlâ büyük önem arzetmektedir.

Modern büyüme teorilerinin ilham kaynağı olarak adam smith'in ekonomik büyüme ile ilgili fikirleri

The determinants of wealth of nations have always been an interesting issue for policy makers and economists. In economics, one of the most important subjects is to increase economic growth and welfare of society. As one of the most important political economists, Adam Smith analyzed the dynamics of wealth of nations and welfare of individuals and societies. In this study, we mainly focused Smith’s views on the determinants of economic growth. It is clear that modern economic growth theory has been still benefited from the Smith’s views on the economic growth which are division of labour, education, human capital, learning by doing, increasing returns to scale, technological change, externalities, institutional factors such as global free-competitive market economy, the role of government etc. Even if we are not on the same wave with Smith, it is still very important to review Smith’s views on the determinants of economic growth in order to design better economic and political environment for economic agents to increase wealth of nations.

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