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ADAM SMITH'IN EKONOMİK KRİZ GORUŞU: SOUTH SEA BALONU

ADAM SMITH'S VIEW ON ECONOMIC CRISIS: SOUTH SEA BUBBLE CASE

Journal Name:

  • Trakya Üniversitesi Sosyal Bilimler Dergisi

Publication Year:

  • 2010

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Keywords (Original Language):

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Abstract (2. Language): 
Economic crisis issue is the leading among argued subjects in the capitalist development period. In this sense, there had been numerously different opinions emerged to interpret the crisis in the economics literature. Modern international economics and finance structure of the world is accelerating the contagion of the crisis with the improvements due to the recent capitalist system comprehensions. In addition, formation of bubbles is constructing the main relationship between current financial crises and the other historical economic depressions. The study discusses The Bubble Act regulations issued in the first quarter of 18th Century in the year of 1720 to intervene the financial system of United Kingdom (UK) for The South Sea Company bubble. Commonly respected founder of the economics discipline Adam Smiths' approach to the mentioned incident is also quite noteworthy. Our study analyzes the concerns for the sample of "South Sea Bubble" case throughout the Adam Smith era under the circumstances of liberal economic system depressions. In this way, the scope outs for economic crisis would be determined by the historical understanding of Adam Smith's economics approaches as well.
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Abstract (Original Language): 
Kapitalist gelişim sürecinde, en çok tartışılan konuların başında ekonomik kriz olgusu gelmektedir. Bu bağlamda, ekonomi literatüründe krizleri açıklamaya yönelik birbirinden farklı birçok görüş ortaya atılmıştır. Kapitalist sistemin bugünkü geldiği aşamada, finans piyasalarındaki gelişmeyle birlikte, daha kompleks finansal ve ekonomik yapı altında, krizlerin bulaşma etkisini hızlandıran uluslararası bir yapılanma söz konusudur. Günümüzdeki krizlerle geçmiş dönemlerdeki ekonomik krizler arasında bağlantı kurmamızı sağlayan temel noktalardan biride balon oluşumudur. 18. yüzyılın ilk çeyreğinde, İngiltere'de görülen South Sea Company balonu ve çöken finansal sisteme müdahaleye yönelik; 1720 yılında yayımlanan "Balon Yasası" araştırma kapsamında mercek altına alınacaktır. Ekonomi biliminin kurucusu kabul edilen Adam Smith'in bu olaya yaklaşımı da bir hayli dikkat çekicidir. Çalışmamızda, liberal ekonomik sistemde yaşanan bunalımlar gölgesinde gelişen olaylar ekseninde, Adam Smith çağına yakın örnek olay olarak alınan "South Sea Bubble" hakkındaki tartışmaların nasıl yorumlanması gerektiği tartışılacaktır. Böylelikle Adam Smith'in ekonomi yaklaşımıyla, ekonomik krizler hakkında edinilecek tarihsel bakış açısı, çeşitli çözüm önerilerinin oluşumuna katkı sağlayacaktır.
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  • 2
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  • Turkish

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Aralık 2010 Cilt 12 Sayı 2 (45-58)
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