BUSINESS

THE IDEA OF THE TECHNICAL PROGRESS AND THE POLITICAL ECONOMISTS (18TH AND 19THCENTURY)

  • 1 University of National and World Economy, Sofia, Bulgaria

Abstract

If we assume the definition of political economy as a science responsible for the distribution of resources and goods in society, we will find a fundamental reason and a motive to be interested in the issue of technical progress. We will consider technical progress as a social, economic and political phenomenon that is at the heart of many debates on behalf of “optimistic” political economists and others who have a more “pessimistic” vision. Our study is based on the attitude of some of the most famous political economists from the period of the 18th and 19th century during which political economy gets institutionalized and the industry develops revolutionary.

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