From Say`s law to Keynes, from Keynes to Walras` law: some ironies
... According to Schumpeter (1954: 617) the law is the direct result of the interrelations between the producers who act in an economy distinguished by the vertical division of labour. The perception that production determines the generation of income flows would have permitted a triumph of logic agains ...
... According to Schumpeter (1954: 617) the law is the direct result of the interrelations between the producers who act in an economy distinguished by the vertical division of labour. The perception that production determines the generation of income flows would have permitted a triumph of logic agains ...
O`Sullivan Sheffrin Peres 6e
... report on the first phase of the study, which focused on the value of mineral resources such as oil, gas, and coal in the United States. • The Commerce Department was trying to determine whether the stock of proven reserves had been depleted—that is, depreciated—over time. • The Commerce Department ...
... report on the first phase of the study, which focused on the value of mineral resources such as oil, gas, and coal in the United States. • The Commerce Department was trying to determine whether the stock of proven reserves had been depleted—that is, depreciated—over time. • The Commerce Department ...
Part II Complex Economic Dynamics: Agent
... other than markets where individuals congregate to exchange their wares, there are no forms of wealth other than agents’ production goods, all transactions take place in the current period, so there is no intertemporal planning, and there is no arbitrage beyond that which can be executed by an agent ...
... other than markets where individuals congregate to exchange their wares, there are no forms of wealth other than agents’ production goods, all transactions take place in the current period, so there is no intertemporal planning, and there is no arbitrage beyond that which can be executed by an agent ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... He stated further that international co-operative are probably among the most technological by advance firms in the world and the foreign investment not only contribute to import of more efficient foreign technologies but also generate technological spillover for local firms. Kinshasa told us that t ...
... He stated further that international co-operative are probably among the most technological by advance firms in the world and the foreign investment not only contribute to import of more efficient foreign technologies but also generate technological spillover for local firms. Kinshasa told us that t ...
Development of Human and Physical Capital and Change in the
... manufacturing base. The development of a strong manufacturing base helped these countries to promote manufactured exports and move away from primary exports. The idea that human and physical capital development playa vital role in the development of manufacturing exports base has important policy im ...
... manufacturing base. The development of a strong manufacturing base helped these countries to promote manufactured exports and move away from primary exports. The idea that human and physical capital development playa vital role in the development of manufacturing exports base has important policy im ...
New approaches to business cycle theory in current economic science
... growth rate is above average. If the extent of the monetary perturbation is known, there are no reasons for confusion about the origin of the price increase and monetary perturbations are neutral. In other words, the model implies a clear distinction between anticipated monetary fluctuations – which ...
... growth rate is above average. If the extent of the monetary perturbation is known, there are no reasons for confusion about the origin of the price increase and monetary perturbations are neutral. In other words, the model implies a clear distinction between anticipated monetary fluctuations – which ...
Wage- versus Profit-led Growth in the Context of International
... labour share would generate a decline in GDP; for growth a higher wage share is required. Pro-capital policies would generate more growth only if an economy is profit-led. The Post-Kaleckian model generalized by Bhaduri and Marglin (1990:388) offers a flexible synthesis model of distribution and gro ...
... labour share would generate a decline in GDP; for growth a higher wage share is required. Pro-capital policies would generate more growth only if an economy is profit-led. The Post-Kaleckian model generalized by Bhaduri and Marglin (1990:388) offers a flexible synthesis model of distribution and gro ...
Aggregate supply - The Good, the Bad and the Economist
... curve is drawn under the assumption that prices of factor inputs do not change in the short run, so a higher price level means larger profit margins for firms. Thus the price level and output are positively correlated. The upward slope of AS also shows how firms experience diminishing returns (as ...
... curve is drawn under the assumption that prices of factor inputs do not change in the short run, so a higher price level means larger profit margins for firms. Thus the price level and output are positively correlated. The upward slope of AS also shows how firms experience diminishing returns (as ...
Richard H. Clarida
... complementaritv public capital. labor, and private capital embodied in the Aschauer-Barro production function for final output. these results can be used to characterize the time path of private multifactor productivity growth in the ...
... complementaritv public capital. labor, and private capital embodied in the Aschauer-Barro production function for final output. these results can be used to characterize the time path of private multifactor productivity growth in the ...
Clustering Innovation: Regional Economic Development Path in Jiaodong Peninsula
... so-called local brand names, resort to various administrative measures Destructive Enthusiasm, but they ignore the inherent laws of the formation of industrial clusters, are not good from the specialization and market segments that opportunity, training of local economic characteristics. Unable to p ...
... so-called local brand names, resort to various administrative measures Destructive Enthusiasm, but they ignore the inherent laws of the formation of industrial clusters, are not good from the specialization and market segments that opportunity, training of local economic characteristics. Unable to p ...
DOCUMENTOS DE TRABAJO Serie Economía EPL AND CAPITAL-LABOR RATIOS
... We base our analysis on a model of a large firm with physical capital, facing labor-market matching frictions and endogenous job destruction. Labor frictions have indeed been shown to be key in understanding the effect of employment protection on labor market flows and the demand for factors (Morten ...
... We base our analysis on a model of a large firm with physical capital, facing labor-market matching frictions and endogenous job destruction. Labor frictions have indeed been shown to be key in understanding the effect of employment protection on labor market flows and the demand for factors (Morten ...
An Introduction to System of National Accounts – Basic
... The development planning of the country involves activities designed to balance the resources through expansion and improvement of their qualities. Countries with rich natural resources might wish to use it in exchange of having more produced or financial assets. Other countries with excess human re ...
... The development planning of the country involves activities designed to balance the resources through expansion and improvement of their qualities. Countries with rich natural resources might wish to use it in exchange of having more produced or financial assets. Other countries with excess human re ...
Knight`s Theories of Socialism and Capital
... needed to determine whether the socialist aims can be achieved through central planning. Nevertheless, their comparison of Knight with the Austrians on socialism contains a significant shortcoming. It fails to consider the full argument as presented in his 1940a article, in which a more thorough con ...
... needed to determine whether the socialist aims can be achieved through central planning. Nevertheless, their comparison of Knight with the Austrians on socialism contains a significant shortcoming. It fails to consider the full argument as presented in his 1940a article, in which a more thorough con ...
FREE Sample Here
... Course LO: Compare and contrast different economic systems Classification: Concept 27) Microeconomics is the study of ________. A) the costs of production as a means of stimulating the economy and policies that raise capital and labour output by increasing the incentive to produce B) economic and fi ...
... Course LO: Compare and contrast different economic systems Classification: Concept 27) Microeconomics is the study of ________. A) the costs of production as a means of stimulating the economy and policies that raise capital and labour output by increasing the incentive to produce B) economic and fi ...
Economic Growth, Structural Change and Natural Resource Booms
... productive inputs out of tradable manufacturing and allocating them elsewhere, this way affecting the sectoral composition of the economy. Like other models, however, the point remains somehow implicit, given that they do not explicitly consider the “relative dimension” of different industries. In t ...
... productive inputs out of tradable manufacturing and allocating them elsewhere, this way affecting the sectoral composition of the economy. Like other models, however, the point remains somehow implicit, given that they do not explicitly consider the “relative dimension” of different industries. In t ...
Chapter 5
... report on the first phase of the study, which focused on the value of mineral resources such as oil, gas, and coal in the United States. • The Commerce Department was trying to determine whether the stock of proven reserves had been depleted—that is, depreciated—over time. • The Commerce Department ...
... report on the first phase of the study, which focused on the value of mineral resources such as oil, gas, and coal in the United States. • The Commerce Department was trying to determine whether the stock of proven reserves had been depleted—that is, depreciated—over time. • The Commerce Department ...
Nature, Power, and Growth
... We can look at indices of corruption compiled from many different sources to enable the ranking of countries according to estimated corruption. Corruption indices compiled from varying sources correspond fairly well, which would indicate that these indices are reasonably credible. According to one s ...
... We can look at indices of corruption compiled from many different sources to enable the ranking of countries according to estimated corruption. Corruption indices compiled from varying sources correspond fairly well, which would indicate that these indices are reasonably credible. According to one s ...