A Critical Evaluation of Jules Dupuit`s Contributions to Economic
... addition to developing microeconomic tools of great theoretical interest, he was the first important welfare economist. ...
... addition to developing microeconomic tools of great theoretical interest, he was the first important welfare economist. ...
Opportunism is not the only reason why firms exist: why an
... (practices and procedures) that are adopted by one group will also be adopted by another—whatever the nominal form of organization (private firm, public bureau, nonprofit, autonomous market) from which they start; and (3) contract law differences serve no purpose among groups all of which share the ...
... (practices and procedures) that are adopted by one group will also be adopted by another—whatever the nominal form of organization (private firm, public bureau, nonprofit, autonomous market) from which they start; and (3) contract law differences serve no purpose among groups all of which share the ...
The Schumpeterian Entrepreneur
... Marx, he argued that capitalism would collapse not because of its economic failure, but on the contrary, because of its economic success. Lastly, Schumpeter’s views on capitalism and the entrepreneur’s role in the future of capitalism will be discussed. INDIVIDUAL CHARACTERISTICS OF THE SCHUMPETERIA ...
... Marx, he argued that capitalism would collapse not because of its economic failure, but on the contrary, because of its economic success. Lastly, Schumpeter’s views on capitalism and the entrepreneur’s role in the future of capitalism will be discussed. INDIVIDUAL CHARACTERISTICS OF THE SCHUMPETERIA ...
Entrepreneurship as a non-profit-seeking activity
... generally not pay in monetary terms. The largest part of entrepreneurs seems to get less out of their businesses than what they could earn as regular employees. Only the most successful entrepreneurs, namely those in the top quartile of the income distribution, are found to have similar or higher ea ...
... generally not pay in monetary terms. The largest part of entrepreneurs seems to get less out of their businesses than what they could earn as regular employees. Only the most successful entrepreneurs, namely those in the top quartile of the income distribution, are found to have similar or higher ea ...
L. Albert Hahn`s Economic Theory of Bank Credit
... language area. Whereas the author still had stated in the introduction to the unchanged second edition (1924) that his contribution had been widely neglected by the economics profession, Gottfried Haberler only three years later not only came to the conclusion that “Albert Hahn undoubtedly deserves ...
... language area. Whereas the author still had stated in the introduction to the unchanged second edition (1924) that his contribution had been widely neglected by the economics profession, Gottfried Haberler only three years later not only came to the conclusion that “Albert Hahn undoubtedly deserves ...
Uncertainty: individuals, institutions and technology
... In addition, he does not define ‘epistemic uncertainty’ in opposition to ‘ontological uncertainty’ or the like. For Orléan (1987, p. 154, original emphasis, my translation), ‘the historical movement constantly places agents in experiences for which there is no precedent. In other words, novelty is a ...
... In addition, he does not define ‘epistemic uncertainty’ in opposition to ‘ontological uncertainty’ or the like. For Orléan (1987, p. 154, original emphasis, my translation), ‘the historical movement constantly places agents in experiences for which there is no precedent. In other words, novelty is a ...
Nietzsche and the Ge..
... Richardson and others that it reflects a basic need to master reality (Richardson 1996:148157); an urge to fulfil our personal potential and reach for the divine within us (See also Reinert H & E, in this volume). This better part of human nature was, long before Nietzsche, defined by Benjamin Const ...
... Richardson and others that it reflects a basic need to master reality (Richardson 1996:148157); an urge to fulfil our personal potential and reach for the divine within us (See also Reinert H & E, in this volume). This better part of human nature was, long before Nietzsche, defined by Benjamin Const ...
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... Most research on the interface between the economy and the environment focused on the environmental impact of production in relation to resource depletion and pollution and on the demand for environmental goods such as pleasing landscapes. Indirectly, of course, production presupposed consumption, ...
... Most research on the interface between the economy and the environment focused on the environmental impact of production in relation to resource depletion and pollution and on the demand for environmental goods such as pleasing landscapes. Indirectly, of course, production presupposed consumption, ...
Rothbard on Consumer Sovereignty and His Implicit Rejection of
... of this, it is ironic that his stated goal was merely to popularize and slightly tweak Mises.1 He did not achieve this goal. It is absolutely essential, in my opinion, for the student of Austrian economics to distinguish between Mises and Rothbard. On the basis of Rothbard’s proposals prior to writi ...
... of this, it is ironic that his stated goal was merely to popularize and slightly tweak Mises.1 He did not achieve this goal. It is absolutely essential, in my opinion, for the student of Austrian economics to distinguish between Mises and Rothbard. On the basis of Rothbard’s proposals prior to writi ...
Economic impact of tourism marketing expenditure in Tasmania
... Tasmania’s economic slowdown is evident in the lack of spending by businesses – they aren’t building many new factories or much office space, and they’re not buying much by way of new machinery or equipment either. And the slowdown is also evident in housing construction, which remains in reverse ge ...
... Tasmania’s economic slowdown is evident in the lack of spending by businesses – they aren’t building many new factories or much office space, and they’re not buying much by way of new machinery or equipment either. And the slowdown is also evident in housing construction, which remains in reverse ge ...
Read the Full Article - Independent Institute
... from explicit premises” (Hayek 1973, 21) Natural law became merely another term for “the rule of reason” and thereby lost the meaning it had found in the Scholastic tradition, in Aquinas, and in Aristotle. In this way, the entirety of civilization came to be seen as a product of conscious human inge ...
... from explicit premises” (Hayek 1973, 21) Natural law became merely another term for “the rule of reason” and thereby lost the meaning it had found in the Scholastic tradition, in Aquinas, and in Aristotle. In this way, the entirety of civilization came to be seen as a product of conscious human inge ...
maucourant
... contributions for the contemporary economist : the idea that there are economic laws that are radically independent from the rest of the social field is in fact widespread. Nevertheless, it is clear that due to certain recent and commonly accepted developments in economic analysis, a certain number ...
... contributions for the contemporary economist : the idea that there are economic laws that are radically independent from the rest of the social field is in fact widespread. Nevertheless, it is clear that due to certain recent and commonly accepted developments in economic analysis, a certain number ...
`Nothing includes everything`: towards engaged
... the other hand, on three different groups of physicists who worked on them: theorists, experimentalists, and instrumentationists. Galison’s (1998) argument is that in spite of the entrenched tripartite divide among the physicists the field did not descend into dysfunctional fragmented pluralism. It ...
... the other hand, on three different groups of physicists who worked on them: theorists, experimentalists, and instrumentationists. Galison’s (1998) argument is that in spite of the entrenched tripartite divide among the physicists the field did not descend into dysfunctional fragmented pluralism. It ...
The Institution, the Economy and the Market: Karl Polanyi`s
... freedom; only the balance of the freedoms lost and won is significant. . . . [T]he privileged . . . talk of slavery, while in effect only an extension to others of the vested freedom they themselves enjoy is intended’ (Polanyi, [1944] 2001, pp. 2622263). Hence, markets should not be conceived as dis ...
... freedom; only the balance of the freedoms lost and won is significant. . . . [T]he privileged . . . talk of slavery, while in effect only an extension to others of the vested freedom they themselves enjoy is intended’ (Polanyi, [1944] 2001, pp. 2622263). Hence, markets should not be conceived as dis ...
THE CONCEPTUALIZATION OF `TRUST` IN ECONOMIC THOUGHT
... converged on one particular feature of social relations which it is argued, economises on the costs of exchange. This feature is commonly referred to as ‘trust’. The section below outlines how recent developments in economic discourse have led to the emergence of trust as a critical issue in mainstr ...
... converged on one particular feature of social relations which it is argued, economises on the costs of exchange. This feature is commonly referred to as ‘trust’. The section below outlines how recent developments in economic discourse have led to the emergence of trust as a critical issue in mainstr ...
The nature of money
... quite so simple. For much of this long period, coins were not stamped with any numerical value – that is, they did not bear any unit of account. This meant that the coin’s nominal monetary value and bullion value could and did vary considerably. The sovereign usually assigned the nominal values of c ...
... quite so simple. For much of this long period, coins were not stamped with any numerical value – that is, they did not bear any unit of account. This meant that the coin’s nominal monetary value and bullion value could and did vary considerably. The sovereign usually assigned the nominal values of c ...
Professorial Inaugural - Universiti Tun Abdul Razak
... History is a continuum of the past, the present and the future. It also tells us about the causes of the rise and fall of nations and civilizations. At each age scholarship comes to define the features and becomes pivotal to the progress of a civilization. The Muqaddimah of Ibn Khaldun or also known ...
... History is a continuum of the past, the present and the future. It also tells us about the causes of the rise and fall of nations and civilizations. At each age scholarship comes to define the features and becomes pivotal to the progress of a civilization. The Muqaddimah of Ibn Khaldun or also known ...
Principles of Economics, Case and Fair,8e
... Oligopolistic, or concentrated, industries are likely to be inefficient for several reasons. First, profit-maximizing oligopolists are likely to price above marginal cost. When price is above marginal cost, there is underproduction from society’s point of view—in other words, society could get more ...
... Oligopolistic, or concentrated, industries are likely to be inefficient for several reasons. First, profit-maximizing oligopolists are likely to price above marginal cost. When price is above marginal cost, there is underproduction from society’s point of view—in other words, society could get more ...
5.1.3 Net Price and User Cost Applications
... One key feature of the NRA literature, stressed in this review, is its paradigmatic diversity. The literature is contributed to by economic theorists; by applied economists; by ecological economists; and by national accountants. As a result, concepts, assumptions and terminology vary throughout the ...
... One key feature of the NRA literature, stressed in this review, is its paradigmatic diversity. The literature is contributed to by economic theorists; by applied economists; by ecological economists; and by national accountants. As a result, concepts, assumptions and terminology vary throughout the ...
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... One key feature of the NRA literature, stressed in this review, is its paradigmatic diversity. The literature is contributed to by economic theorists; by applied economists; by ecological economists; and by national accountants. As a result, concepts, assumptions and terminology vary throughout the ...
... One key feature of the NRA literature, stressed in this review, is its paradigmatic diversity. The literature is contributed to by economic theorists; by applied economists; by ecological economists; and by national accountants. As a result, concepts, assumptions and terminology vary throughout the ...
Keynes Resurrected? - Institute for Advanced Study
... explosion. Among those to affirm their faith are not only self-identified "Keynesians" like Paul Krugman and Joseph Stiglitz. Others, across a wide swath of the political spectrum, have also propounded Keynes's forgotten wisdom—from the arch-conservative Richard Posner (2009), to the measured Martin ...
... explosion. Among those to affirm their faith are not only self-identified "Keynesians" like Paul Krugman and Joseph Stiglitz. Others, across a wide swath of the political spectrum, have also propounded Keynes's forgotten wisdom—from the arch-conservative Richard Posner (2009), to the measured Martin ...
Economics Year-at-a-Glance Semester Class Only
... goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency (ECO.6D) Analyze the costs and benefits of the purchase, use, or disposal of personal and business property (ECO.7A) Identify and evaluate examples of restrictions ...
... goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency (ECO.6D) Analyze the costs and benefits of the purchase, use, or disposal of personal and business property (ECO.7A) Identify and evaluate examples of restrictions ...
cooperation between corporations and environmental groups
... that so many social problems persist? The answer, he suggested, is that transaction costs get in the way. Yet, in Coase’s original specification, ex ante transaction costs were minimal. Following Pigou (1962), he considered a case where a railroad engine might generate sparks that could start fires ...
... that so many social problems persist? The answer, he suggested, is that transaction costs get in the way. Yet, in Coase’s original specification, ex ante transaction costs were minimal. Following Pigou (1962), he considered a case where a railroad engine might generate sparks that could start fires ...