THE CHANGE OF PRODUCTION,TRADE AND CONSUMPTION WAYS,GUIDED HUMANITY IN A NEED FOR NEW POLITICAL INSTITUTIONS WHICH COULD SERVE BETTER PEOPLE'S RELATIONS.
SO FRENCH AND AMERICAN REVOLUTIONS ACTUALLY PUT AN END TO ARISTOCRACY'S FEUDALISM AND MERCANTILISM BY INTRODUCING ONE TYPE OF DEMOCRACY THE REPRESENTATIVE ONE,WHICH ALREADY HAD ITS PRACTICAL IMPLEMENTATION AT UK AND ITS THEORETICAL PARTIALLY AT ANCIENT ATHENIAN DEMOCRACY (DIRECT,LOT,SORT).
THE NEW(OLD) INSTITUTION BY SERVING MAINLY THE MIDDLE CLASSES BEGAN CREATING WEALTH AND PROSPERITY FOR THE NATIONS (A NEW-OLD TERM-IDEA),BASED ON THE THEORIES OF ADAM SMITH (THE THEORY OF MORAL SENTIMENTS,1759,WEALTH OF NATIONS,1776),WHO PUT MORALITY DOWN TO THE LEVEL OF ECONOMY,BY INTRODUCING THE SYSTEM OF MARKETOCRACY AND HOMO-ECONOMICUS.
HIS THEORIES ABOUT THE NEW TERM OF POLITICAL ECONOMY,GAVE A PUSH FOR FURTHER DEVELOPMENT OF STATE ECONOMIES BY DIVIDING THE THEORETICAL PATHS IN CAPITALISM AND SOCIAL-COMMUNISM IDEAS.
REFERENCE
http://en.wikipedia.org/wiki/Adam_Smith#cite_note-28
Labels: ECOUMENIZATION THEORY
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posted by The visioner @ 9:26 AM
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