• Study Resource
  • Explore Categories
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
File
File

... complete failure. Immediately following World War One, because of wartime restrictions and rationing, both individuals and businesses had been unable to spend and had accumulated considerable savings in cash and bonds. Throughout 1919 consumers and businesses spent their savings. Individual’s bought ...
- DigitalCommons@Linfield
- DigitalCommons@Linfield

... However, when running a regression model on Southern states only, immigration produced the highest affect on GDP. Since immigration is considered to be an economic factor, this point would strengthen my hypothesis on the matter since the migration of people from one country to another brings wealth ...
VIII Keynesianism – economic policies
VIII Keynesianism – economic policies

... stimulation via increase of government spending is crowding-out the either personal consumption of private investment • Here his views were shared by many economists, but widely opposed by British Treasury (Finance Ministry) – the “Treasury view” problem ...
Final Exam Study Guide
Final Exam Study Guide

... o Post hoc, ergo propter hoc – mistaken belief (causation fallacy) that when one event precedes another, the first event is the cause of the second; o Confusion of correlation with causation – mistaken belief (causation fallacy) that while two factors may be related, one factor may not necessarily h ...
Table 1. Fixed Sector and Trade Bloc Effects Regressors
Table 1. Fixed Sector and Trade Bloc Effects Regressors

... Foreign direct investment is found to be negatively affected by distance, and in most cases to be negatively affected by population of the host and source country, however positively affected by their gross domestic products. Such opposite signs estimates for gross domestic products and population i ...
PowerPoint CHAPTER 1 – Circular Flow & National
PowerPoint CHAPTER 1 – Circular Flow & National

... FLOW Spending on goods PRODUCTION and services FLOW (TS) = what is Total being spending produced undertaken (TP) =interest whatby isand households paidprofits out asto Rent, wages/salaries, Consists of consumer goods/services and capital (consumption) and firmsin(investment). income (TI) to FOP used ...
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS,
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS,

... measured by the ECI, edged slightly downward, as inflation for wages and salaries remained flat and the growth in benefit costs slowed. What little data we have for 2004 suggest continued improvement in economic activity. In January, payroll employment rose and the unemployment rate edged downward. ...
adam smith and modern economics
adam smith and modern economics

... A more intriguing question is raised by Smith’s notion of the public interest. His claim is that private entrepreneurs who move their capital from declining to expanding industries act in the interests of society. But this process inevitably means that some individuals, e.g. the workers in the decl ...
Ch 12
Ch 12

... – Russian financial crisis in 1998 From 1995 to 1998, Russian borrowers (both government and non-governmental) had gone to the international capital markets for large quantities of capital, i.e., to borrow dollar-denominated Eurobonds Falling global commodity prices reduced the trade surplus of Russ ...
PC IN ECONOMICS
PC IN ECONOMICS

... us to analyse directly Pareto optima (through Social Planner assumption) with assurance that these outcomes are also competitive equilibria, esp., when it is difficult to work with competitive equilibrium. ...
Large-Scale Modeling of Economic Systems
Large-Scale Modeling of Economic Systems

... ual player—household/individual, firm, bank, government, or other— and models its behavior in a realistic way. The complete system then comprises hundreds of thousands of interacting components involved in several markets simultaneously. For example, the consumption goods market involves the interac ...
ADB Grant 0133-CAM: Public Financial Management in Rural
ADB Grant 0133-CAM: Public Financial Management in Rural

... structure can be used for predicting the next multiple year cost of those goods, works and services. Cost structure consist of fixed cost and variable cost. Variable cost can be further analyzed by examining which cost drivers cause the variability. continued...... ...
ConClusion
ConClusion

... toward greater sustainability and a more cooperative relation to each other and with nature. And most of humanity is on its way to cities, where such cooperation, and gains from it, is both an imperative and visible. So we have a natural platform for scaling the work that needs to be done, rooted in ...
Second Midterm with Answers 12:05 Lecture
Second Midterm with Answers 12:05 Lecture

... How to fill in the scantron sheet and other information: Print your last name, first name, and middle initial in the spaces marked "Last Name," "First Name," and "MI." Fill in the corresponding bubbles below. Print your student ID number in the space marked "Identification Number." Fill in the bubbl ...
Monetary Economics after Wicksell
Monetary Economics after Wicksell

... • According to Schumpeter the structural instability of capitalism is due to an endogenous qualitative change, (financing of innovation). According to Wicksell variations in the natural rate are exogeneous (credit creation only in equilibrium) => inflation is independent from changes in production f ...
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS,
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS,

... Data released since your last Directors' meeting show the economy tentatively continuing its slow expansion. Nonfarm payroll employment fell by 308,000 in February, marking the largest decrease since 2001. With rising initial claims and the unemployment rate hovering near 5.8%, the labor market rema ...
Defining Economic Freedom
Defining Economic Freedom

... efficient functioning of labor markets. In genIn some countries, as well as many states in eral, the greater the degree of labor freedom, the the United States, the procedure for obtaining lower the rate of unemployment in an economy. a business license can be as simple as mailing in a registration ...
Macro Economic Variables/Indicators
Macro Economic Variables/Indicators

... KEYNES’S CRITICISM OF CLASSICAL THEORY (CONT…) ...
Chapter 15 Student Study Guide
Chapter 15 Student Study Guide

... interests. A large number of programs, including those that provide loans and research grants, are designed to assist business firms, which are also protected from failure through measures such as tariffs and favorable tax laws. Labor, for its part, obtains government assistance through laws coverin ...
Solving the Irish Unemployment Problem In
Solving the Irish Unemployment Problem In

... arithmetic may prove incorrect as world recession escalates. To judge from statements by politicians and trade unionists, the most socially acceptable means for reducing unemployment is through increased investment. I consider investment from two angles; (a) private investment, and (b) public invest ...
lecture 1
lecture 1

... The One Lesson of Economics: the art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. ...
document
document

... Neo-liberals see governments role is to ensure global free markets and to protect individual rights ...
The Economics of Social Services
The Economics of Social Services

... these discussions. The issue could be considered properly a concern of what is called civil society as distinguishable from the state and the market. The state is understood to be concerned with public goods and mobilizing resources through state authority; the market on the other hand is understood ...
Chapter 1
Chapter 1

... Cost of unemployment: Individual (psychological cost, experience) versus Society (crime, damage to social and political structure, opportunity cost) ...
Northern Mariana Islands Economic Development Forum Hyatt Regency Saipan June 04, 2013
Northern Mariana Islands Economic Development Forum Hyatt Regency Saipan June 04, 2013

...  Began in 2002 (GDP measured at 1.221 M)  Lowest point in 2009 (GDP measured at 725 M)  -18.8% decline in GDP from 2008 to 2009  Implementation of ARRA in 2010  2010 Gross Domestic Product Data (733 M)  Real GDP rose 2.3% vs. 2.4% of the rest of the nation  Largely contributed to government s ...
< 1 ... 144 145 146 147 148 149 150 151 152 ... 248 >

Economic democracy

Economic democracy or stakeholder democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbors and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit, and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's inherent effective demand gap.Classical liberals argue that ownership and control over the means of production belongs to private firms and can only be sustained by means of consumer choice, exercised daily in the marketplace. ""The capitalistic social order"", they claim, therefore, ""is an economic democracy in the strictest sense of the word"". Critics of this claim point out that consumers only vote on the value of the product when they make a purchase; they are not participating in the management of firms, or voting on how the profits are to be used.Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand, as society is unable to earn enough income to purchase its output production. Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power. Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory, and as a variety of reform agendas. For example, as a means to securing full economic rights, it opens a path to full political rights, defined as including the former. Both market and non-market theories of economic democracy have been proposed. As a reform agenda, supporting theories and real-world examples range from decentralization and economic liberalization to democratic cooperatives, public banking, fair trade, and the regionalization of food production and currency.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report