Mercantilism :)
Yes. I would have supported Hamilton's economic plan. It was important to get the states on strong economic footing and to get them depend of the federal government.
Society for the Advancement of Economic Theory was created in 1991.
By the late-1800s, many Americans felt as though the laissez-faire type of government would be best to suit their economic needs. More republicans supported the government than other parties. This type of government did its best not to interfere with businesses.
Trickle down economics was an economic policy supported by Ronald Reagan.
what does economic theory contribute to managerial economics
Mercantilism
Greed!
well if is not supported then is not a theory.
Colonialism.
Violent military conflicts - APEX
Rostow's stages of economic growth have been criticized for oversimplifying the development process by suggesting a linear progression that may not apply to all nations. It often overlooks the historical, social, and political contexts that can influence development paths, leading to a one-size-fits-all approach. Additionally, the theory tends to ignore the role of external factors like colonialism and global economic inequalities, which can impede growth in certain countries. Lastly, it assumes that all societies will inevitably follow the same trajectory, which is not supported by empirical evidence.
heliocentric theory
Albert Einstein supported the theory of evolution and believed in the scientific evidence that supported it.
Galileo
A hypothesis cannot be call a theory because,it has not supported a prediction even in the face of several experiment.
An economic theory is a theory that has to do with the production, distribution and consumption of goods and services.
An Economic Theory of Democracy was created in 1957.