Political Economy and the Labour Party: The Economics of
... extended to encompass a decade that has seen Labour win two landslide electoral victories and one substantial working majority on the basis of economic thinking and economic policies qualitatively different from those to which it has adhered for most of its history.1 A well-founded criticism of the ...
... extended to encompass a decade that has seen Labour win two landslide electoral victories and one substantial working majority on the basis of economic thinking and economic policies qualitatively different from those to which it has adhered for most of its history.1 A well-founded criticism of the ...
International Competitiveness and Comparative Advantage: A
... those of an international competitor, irrespective of what the sources of the cost advantage are. The source of that advantage can be the abundance (cheapness) of either primary or intermediate inputs (extended Heckscher-Ohlin), or the use of different technology (Ricardo), or the production at lar ...
... those of an international competitor, irrespective of what the sources of the cost advantage are. The source of that advantage can be the abundance (cheapness) of either primary or intermediate inputs (extended Heckscher-Ohlin), or the use of different technology (Ricardo), or the production at lar ...
The Characteristics of Knowledge in Evolutionary Economics
... as a mere ‘information-processing’. However, to emphasize differences between these two terms is necessary to understand the importance of knowledge in the economic structure, and how and in which conditions knowledge is produced in parallel with information. Knowledge is the essence of not only the ...
... as a mere ‘information-processing’. However, to emphasize differences between these two terms is necessary to understand the importance of knowledge in the economic structure, and how and in which conditions knowledge is produced in parallel with information. Knowledge is the essence of not only the ...
- Wiley Online Library
... a good or the satisfaction lost by giving up one unit. Early neo-classical economists assumed that people were rational (the economic man) and as such assessed systematically and carefully the different available options before purchasing. However this position has been softened and it is generally ...
... a good or the satisfaction lost by giving up one unit. Early neo-classical economists assumed that people were rational (the economic man) and as such assessed systematically and carefully the different available options before purchasing. However this position has been softened and it is generally ...
... This innovation is still in progress. Revising the national accounts, or discussing how they should be revised, is a major ongoing activity. The System of National Accounts, or SNA, has been revised from its 1968 standard and is undergoing further revision (United Nations 1993, 1998). Individual nat ...
A Primer on the Nature of Business Cycles
... that consumers, for the most part, care about the quantity of goods they are able to consume. However, as indicated in Table 1, the quantity of aggregate consumption does not fluctuate very much over the course of the business cycle. Table 2 shows how the components of consumption change as output c ...
... that consumers, for the most part, care about the quantity of goods they are able to consume. However, as indicated in Table 1, the quantity of aggregate consumption does not fluctuate very much over the course of the business cycle. Table 2 shows how the components of consumption change as output c ...
NBER WORKING PAPER SERIES AND BUSINESS CYCLE COMOVEMENT
... Macroeconomists have discovered many mechanisms that solve this cyclical wage problem, including home production (Benhabib, Rogerson and Wright 1991), habit persistence (Boldrin, Christiano and Fisher 2001), or capital adjustment costs (Jaimovich and Rebelo 2006). But these models are based on aggre ...
... Macroeconomists have discovered many mechanisms that solve this cyclical wage problem, including home production (Benhabib, Rogerson and Wright 1991), habit persistence (Boldrin, Christiano and Fisher 2001), or capital adjustment costs (Jaimovich and Rebelo 2006). But these models are based on aggre ...
ECS1601 –SECTION A 1.16 Which of the following statements are
... [4] Money serves as a stock and flow.(ANSWER 4) 1.23 The correct alternative is (4) Money is not a stock but a flow variable. Money serves as a medium of exchange, a unit of account and a store of value. 1.24 The modern bank note’s value of exchange [1] is equal to its intrinsic value. [2] is underm ...
... [4] Money serves as a stock and flow.(ANSWER 4) 1.23 The correct alternative is (4) Money is not a stock but a flow variable. Money serves as a medium of exchange, a unit of account and a store of value. 1.24 The modern bank note’s value of exchange [1] is equal to its intrinsic value. [2] is underm ...
Causes and Consequences of the Financial Crisis and
... The authors argue that, in particular, bail-out packages should have been combined with debt reliefs for households rather than focusing only on the stabilisation of big financial institutions. Labour market reforms and austerity policies in Southern European countries bear strong resemblance to tho ...
... The authors argue that, in particular, bail-out packages should have been combined with debt reliefs for households rather than focusing only on the stabilisation of big financial institutions. Labour market reforms and austerity policies in Southern European countries bear strong resemblance to tho ...
Beyond the 2008 Financial “Crisis”
... category. A forensic re-reading of Marx’s value forms presents minimally a “laboratory” for the re-figuration of economic value forms and maximally a context with which to begin a practical revision of the total value equation, i.e., the composite “cultural economy.” Kapital prematurely closes the v ...
... category. A forensic re-reading of Marx’s value forms presents minimally a “laboratory” for the re-figuration of economic value forms and maximally a context with which to begin a practical revision of the total value equation, i.e., the composite “cultural economy.” Kapital prematurely closes the v ...
From a Neoliberal Laissez-Faire Baseline to a Fair Market
... from tinkering with a market in any way. Justice requires that the state “let it be” such that market transactions are completely unregulated. By letting markets operate void of impediment, commodities are created and distributed in the most efficient manner possible, and those in the market are giv ...
... from tinkering with a market in any way. Justice requires that the state “let it be” such that market transactions are completely unregulated. By letting markets operate void of impediment, commodities are created and distributed in the most efficient manner possible, and those in the market are giv ...
Investment and Profits: Causality Analysis in Selected eu Countries
... their studies Bar-Yosef et al. (1987) found that investment does not create profits, but profits raise investment, defined in terms of Granger causal effect relationship. They also found that the profits are a determinant of companies’ business investment. Shapiro, Sims, and Hughes (1983) and McFetr ...
... their studies Bar-Yosef et al. (1987) found that investment does not create profits, but profits raise investment, defined in terms of Granger causal effect relationship. They also found that the profits are a determinant of companies’ business investment. Shapiro, Sims, and Hughes (1983) and McFetr ...
Health, Development, and the Demographic Transition Matteo Cervellati Uwe Sunde Version 1.1
... many dimensions of human life. In the Western world, for example, aggregate and per capita income displayed a virtual explosion from the second half of the 18th century onwards, after almost stagnant development during the entire history. The changes that this transition brought about, however, were ...
... many dimensions of human life. In the Western world, for example, aggregate and per capita income displayed a virtual explosion from the second half of the 18th century onwards, after almost stagnant development during the entire history. The changes that this transition brought about, however, were ...
International Trade Compliance Terms 01
... specified periods. 19 CFR Section 132.1(a). Once the quota or limit has been filled, you cannot import any more of these goods (unless you warehouse them or place them into a foreign trade zone) until the quota is reopened at the beginning of a new quota period.(19 CFR Section 132.5(c)). For example ...
... specified periods. 19 CFR Section 132.1(a). Once the quota or limit has been filled, you cannot import any more of these goods (unless you warehouse them or place them into a foreign trade zone) until the quota is reopened at the beginning of a new quota period.(19 CFR Section 132.5(c)). For example ...
Focus: High School Economics
... lessons. We generally eliminated or at least deemphasized the use of student worksheets, which again are featured prominently in the APIP and Capstone volumes and are still available to interested users. Finally, we added a concluding assessment activity in all but one lesson. We judged these pedago ...
... lessons. We generally eliminated or at least deemphasized the use of student worksheets, which again are featured prominently in the APIP and Capstone volumes and are still available to interested users. Finally, we added a concluding assessment activity in all but one lesson. We judged these pedago ...
E A conomic Statistics in ustralia
... - ISIC Rev. 4 - CPC ver. 2 - COICOP - COFOG - BoP coherent with BPM6 ...
... - ISIC Rev. 4 - CPC ver. 2 - COICOP - COFOG - BoP coherent with BPM6 ...
REGULATION IN THE MARKETPLACE: AN ECONOMIC LITERATURE REVIEW Market Foundations
... Notwithstanding that, in many contexts, good quality regulations may help to correct market failures and improve economic outcomes, recent economists’ approaches to regulation emphasise the potential negative consequences of regulation for efficiency in the economy. In particular, recent research ha ...
... Notwithstanding that, in many contexts, good quality regulations may help to correct market failures and improve economic outcomes, recent economists’ approaches to regulation emphasise the potential negative consequences of regulation for efficiency in the economy. In particular, recent research ha ...
Trade and Resource Sustainability with Overlapping
... not their successors’ — use of the resource. Under the political economy autarchic equilibrium, agents limit resource depletion to near socially optimal levels. Trade causes these selfish agents to adopt environmentally destructive policies. A Ricardo-Viner model enables us to trace the general equi ...
... not their successors’ — use of the resource. Under the political economy autarchic equilibrium, agents limit resource depletion to near socially optimal levels. Trade causes these selfish agents to adopt environmentally destructive policies. A Ricardo-Viner model enables us to trace the general equi ...
Problems Applying Economic Concepts Solutions
... 1. The Declaration of Independence and Adam Smith’s The Wealth of Nations a. both support the importance of economic freedom to economic prosperity. b. were both written by American economists. c. were both published in 1776. d. both support the efficiency of centralized planning. 2. Which of the fo ...
... 1. The Declaration of Independence and Adam Smith’s The Wealth of Nations a. both support the importance of economic freedom to economic prosperity. b. were both written by American economists. c. were both published in 1776. d. both support the efficiency of centralized planning. 2. Which of the fo ...
Accepted Manuscript
... originally experiencing net capital outflows. In that regard, then, CFCs also capture surges in what is sometimes referred to as “capital flight.” The reason for concentrating on CFCs is that any abrupt contraction of the capital account – independently of whether the country is initially subject to ...
... originally experiencing net capital outflows. In that regard, then, CFCs also capture surges in what is sometimes referred to as “capital flight.” The reason for concentrating on CFCs is that any abrupt contraction of the capital account – independently of whether the country is initially subject to ...
NATIONAL OPEN UNIVERSITY OF NIGERIA ECONOMIC
... In distance learning the study units replace the university lecturer. This is one of the great advantages of distance learning; you can read and work through specially designed study materials at your own pace and at a time and place that suit you best. Think of it as reading the lecture instead of ...
... In distance learning the study units replace the university lecturer. This is one of the great advantages of distance learning; you can read and work through specially designed study materials at your own pace and at a time and place that suit you best. Think of it as reading the lecture instead of ...
mongolia`s resources boom: a cge analysis
... unique characteristics. Tapping its natural resources in a way that equally benefits the social and economic well-being of Mongolians is the greatest challenge. The resources boom in recent years directly impacted remarkable economic growth, and affected Mongolia’s economic structure, social welfare ...
... unique characteristics. Tapping its natural resources in a way that equally benefits the social and economic well-being of Mongolians is the greatest challenge. The resources boom in recent years directly impacted remarkable economic growth, and affected Mongolia’s economic structure, social welfare ...