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File - AIB Midwest
File - AIB Midwest

... analysis the focus will be on increases in TFP from movements into more economically productive industries, as well as, the urbanization that accounts for a more productive labor force. 3. Methodology and Literature Review The purpose of this research is to examine main streams contributing to Vietn ...
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Mankiw 5e Chapter 7

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... where A is an index of multi-factor productivity; Y is the level of real output; L denotes employment; Kp is the stock of private capital; and Kg refers to the public capital stock. By treating the public capital stock as a separate input in the production function, a ceteris paribus increase in pub ...
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Unholy Trinity: Labor, Capital, and Land in the New Economy

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Document

...  Technological progress is the main reason why living standards rise over the long run. ...
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Economic Modelling (Post Graduate)

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Slide 1

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Growth, Distribution and Foreign Trade: Is Mercantilism Passé?

... rise to the idea of laissez faire economic policy suggested by Smith and Ricardo, was the blooming outcome of the capitalist development policy in the mercantilist period. ...
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... depends on the conditions. An interruption of accumulation -- an economic crisis -- can result from one of two different types of problem in the circuit of capital. First, a problem in the creation of surplus value -- at steps 1 or 2 -- can reduce the surplus value created relative to the capital in ...
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The Economic Value of the University of Northern Iowa

... The overall value of the University of Northern Iowa to the regional economy is measured using a  properly specified input‐output model (I‐O) of its primary region of influence.  I‐O models produce  reams of useful information, but the most salient results for decision makers are (1) total industria ...
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Economic Growth

... aspirations, and the increased perception of global inequalities. Perhaps no one country, or group of countries, can be blamed for the emergence of these inequalities, but they do exist, and the need for sustained growth is all the more urgent as a result. ...
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Liberalism, Capitalism, and “Socialist” Principles Richard J. Arneson

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I. Introduction: Three Basic Questions

... sacrificing consumption today so you can consume more in the future. In a way, today’s economies make similar decisions as individuals deciding whether or not to put money in the bank. An economy has a choice on how it can spend its income. They could use their income to produce consumer goods (cons ...
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economics - SCSA - School Curriculum and Standards Authority

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Values, The Dominant Social Par

Pełny tekst
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Conservation of Mass and Instability in a Dynamic

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Theses on Financialisation and the Ambivalence of Capitalist Growth

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Rodney Hilton, Marxism and the transition from feudalism to capitalism
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EK5219 Managerial Economics

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Production for use

Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy. It is held in contrast to production for profit. This criterion is used to distinguish socialism from capitalism, and was one of the fundamental defining characteristics of socialism initially shared by Marxian socialists, evolutionary socialists, social anarchists and Christian socialists.This principle is broad and can refer to an array of different configurations that vary based on the underlying theory of economics employed. In its classic definition, production for use implied an economic system whereby the law of value and law of accumulation no longer directed economic activity, whereby a direct measure of utility and value is used in place of the abstractions of the price system, money and capital. Alternative conceptions of socialism that don't utilize the profit system such as the Lange model involve the use of a price system and monetary calculation.The central critique of the profits system by socialists is that the accumulation of capital (""making money"") becomes increasingly detached from the process of producing economic value, leading to waste, inefficiency, and social issues. Essentially it is a distortion of proper accounting based on the assertion of the law of value instead of the ""real"" costs of the factors of production, objectively determined outside of social relations.
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