Explain the Transition in Economists' Thinking in the Eighteenth Century

question 51

Essay

Explain the transition in economists' thinking in the eighteenth century that challenged the traditional notions of a state-centered economy.

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Definitions:

Higher-Order Conditioning

A form of learning in which a stimulus is paired with a previously conditioned stimulus, creating the same response without direct conditioning to the original unconditioned stimulus.

Metronome Sound

The sound produced by a metronome, used to mark time at a selected rate by producing regular ticks.

Pavlov

Pavlov, Ivan Petrovich, was a Russian physiologist known for his work in classical conditioning, demonstrating learned responses through his experiments with dogs and bell stimuli.

Expectancy

The anticipation or prediction of future events or outcomes, often influencing behavior and decision-making.