What is Degrowth? From an Activist Slogan to a Social Movement
... emerging (Victor 2008; Jackson 2011), building on Herman Daly’s ‘steady state economy’ (Kerschner 2010), which could evolve into a new paradigm in economics. However, there is still a long way to go. Some people refer to degrowth as an ideology, meaning a ‘system of ideas and values’. This position ...
... emerging (Victor 2008; Jackson 2011), building on Herman Daly’s ‘steady state economy’ (Kerschner 2010), which could evolve into a new paradigm in economics. However, there is still a long way to go. Some people refer to degrowth as an ideology, meaning a ‘system of ideas and values’. This position ...
Capitalist Revolutionary: John Maynard Keynes
... smoothly into the future. American capitalism was thought to be successful because scientific management had transformed American business, but there was still a fear that it was losing the technological race with the Soviet Union. “Scientific” planning could be used to promote economic growth, and th ...
... smoothly into the future. American capitalism was thought to be successful because scientific management had transformed American business, but there was still a fear that it was losing the technological race with the Soviet Union. “Scientific” planning could be used to promote economic growth, and th ...
Capitalist Revolutionary: John Maynard Keynes
... smoothly into the future. American capitalism was thought to be successful because scientific management had transformed American business, but there was still a fear that it was losing the technological race with the Soviet Union. “Scientific” planning could be used to promote economic growth, and th ...
... smoothly into the future. American capitalism was thought to be successful because scientific management had transformed American business, but there was still a fear that it was losing the technological race with the Soviet Union. “Scientific” planning could be used to promote economic growth, and th ...
Modeling Economic Growth
... Consistently with observed data, Domar (1953b) stated that “we should explain why the economy is as stable as it is, rather than the other way around”. Modeling the supply side of the economy was a difficult task, which led Domar ([1952a] 1957, p. 26) to introduce “heroic simplifications” such as th ...
... Consistently with observed data, Domar (1953b) stated that “we should explain why the economy is as stable as it is, rather than the other way around”. Modeling the supply side of the economy was a difficult task, which led Domar ([1952a] 1957, p. 26) to introduce “heroic simplifications” such as th ...
grad-Macroeconomics-ISET2
... 4. The credit market equilibrium and the link between present and future (or the capital accumulation equation in equilibrium) As far as the economics of the Solow model are concerned we are done! -We know how to determine output at a given moment in time given L and K; we also how to obtain factor ...
... 4. The credit market equilibrium and the link between present and future (or the capital accumulation equation in equilibrium) As far as the economics of the Solow model are concerned we are done! -We know how to determine output at a given moment in time given L and K; we also how to obtain factor ...
MACROECONOMICS-SET2 - Antonio Ciccone`s Webpage
... We have therefore shown the three following results: - Result 1: Over time capital per efficiency worker tends to its balanced growth path value, which we have denoted by k BGP (as long as the initial capital stock is strictly positive) ...
... We have therefore shown the three following results: - Result 1: Over time capital per efficiency worker tends to its balanced growth path value, which we have denoted by k BGP (as long as the initial capital stock is strictly positive) ...
Economics
... renders it appropriate to look more closely at its theoretical foundations before it became absorbed in an ad-hoc reasoning vis-à-vis the increasingly complex reality of (many) fallingbehind and (few) catching-up processes, eventually falling into near oblivion for three decades (Krugman 1993). Undo ...
... renders it appropriate to look more closely at its theoretical foundations before it became absorbed in an ad-hoc reasoning vis-à-vis the increasingly complex reality of (many) fallingbehind and (few) catching-up processes, eventually falling into near oblivion for three decades (Krugman 1993). Undo ...
Download Full Report
... examine the link between the total volume of such flows and underground economic activities in Russia. The study finds that over the period 1994-2011, outflows consisting of a mix of licit and illicit capital from Russia amounted to US$782.5 billion or about US$43.5 billion per annum on average. Thi ...
... examine the link between the total volume of such flows and underground economic activities in Russia. The study finds that over the period 1994-2011, outflows consisting of a mix of licit and illicit capital from Russia amounted to US$782.5 billion or about US$43.5 billion per annum on average. Thi ...
Workers` Remittances and Borrowing Constraints in Recipient
... Furthermore, saving reduces the cost of capital which increases the level of investment in the economy. The ratio credits over GDP can increase in this case. According to the literature, remittances foster the financial development by means of access to the international financial market. For insta ...
... Furthermore, saving reduces the cost of capital which increases the level of investment in the economy. The ratio credits over GDP can increase in this case. According to the literature, remittances foster the financial development by means of access to the international financial market. For insta ...
kalecki`s long-run theory of effective demand
... endogenous and related to the current situation and 2) returns on capital equipment are not decreasing but constant. Regarding point 1), Kalecki suggested capturing the sensitivity of long term expectations to the current situation by introducing a non linear function of investment decisions aiming ...
... endogenous and related to the current situation and 2) returns on capital equipment are not decreasing but constant. Regarding point 1), Kalecki suggested capturing the sensitivity of long term expectations to the current situation by introducing a non linear function of investment decisions aiming ...
industrialization of economies with low manufacturing base
... It all began as an exciting exercise. Painful episodes followed with changes in ease and difficulty of meeting schedules of the coursework and writing the dissertation. At times, I regret that many people knew about my involvement in a PhD program, for the extension of period for completion raises u ...
... It all began as an exciting exercise. Painful episodes followed with changes in ease and difficulty of meeting schedules of the coursework and writing the dissertation. At times, I regret that many people knew about my involvement in a PhD program, for the extension of period for completion raises u ...
Back in the game
... if it reported an ability to focus on innovation, explore niches, benefit from changes in demand, explore new markets, explore lowering costs, promote high quality standards, or build stronger supply chain relationships. ...
... if it reported an ability to focus on innovation, explore niches, benefit from changes in demand, explore new markets, explore lowering costs, promote high quality standards, or build stronger supply chain relationships. ...
Venture-Capital Syndication
... of the selection hypothesis. Our second objective is to suggest and model an alternative hypothesis that we refer to as the value-added hypothesis. This second hypothesis is based on the idea that venture capitalists might add value to the ventures in which they invest. Our third objective is to tes ...
... of the selection hypothesis. Our second objective is to suggest and model an alternative hypothesis that we refer to as the value-added hypothesis. This second hypothesis is based on the idea that venture capitalists might add value to the ventures in which they invest. Our third objective is to tes ...
Contending Economic Theories: Neoclassical, Keynesian, and
... effects and causes of the social conditions in which they occur. Chapter 1 presents a sustained historical examination of how various forms and paradigms of economic thinking react back upon the society out of which they are born. We hope that this revised chapter will provide readers with a better ...
... effects and causes of the social conditions in which they occur. Chapter 1 presents a sustained historical examination of how various forms and paradigms of economic thinking react back upon the society out of which they are born. We hope that this revised chapter will provide readers with a better ...
rent seeking and the resource curse - UCSB Economics
... wealth is concentrated in minerals and the resulting rents are directed to State coffers, she finds that government’s decision-making framework and the locus of authority can be shifted. Control over ...
... wealth is concentrated in minerals and the resulting rents are directed to State coffers, she finds that government’s decision-making framework and the locus of authority can be shifted. Control over ...
Kalecki`s 1954 version
... onwards he abandoned his original approach of an undamped system, and relied on shocks as one of the factors determining the cycles. In other words, since this date he thus changed the course of his research and decided to precise the mechanisms at works in his model, analysing especially the mechan ...
... onwards he abandoned his original approach of an undamped system, and relied on shocks as one of the factors determining the cycles. In other words, since this date he thus changed the course of his research and decided to precise the mechanisms at works in his model, analysing especially the mechan ...
Introduction: How to think about economies at the macro level?
... GDP per person. The United States came second, with $32500. The G7 and most of the OECD countries ranked in the top 25 positions, together with Singapore, Hong Kong, Taiwan.. Most African countries, on the other hand, fell in the bottom 25 of the distribution. Tanzania was the poorest country, with ...
... GDP per person. The United States came second, with $32500. The G7 and most of the OECD countries ranked in the top 25 positions, together with Singapore, Hong Kong, Taiwan.. Most African countries, on the other hand, fell in the bottom 25 of the distribution. Tanzania was the poorest country, with ...
PDF
... In the first approach, forecasts of various regional macro variables are used to incorporate some of the long-run changes expected in the global economy. Arndt et al. (1997) implement forecasts of changes to physical and human capital, agricultural land, population, labour force and Uruguay tariff r ...
... In the first approach, forecasts of various regional macro variables are used to incorporate some of the long-run changes expected in the global economy. Arndt et al. (1997) implement forecasts of changes to physical and human capital, agricultural land, population, labour force and Uruguay tariff r ...
free sample here
... Skill: Concept Objective: 5 54) Which of the following is not a similarity between India and Great Britain? A) parliamentary system B) dependent judiciary C) an amateur bureaucracy D) state-owned industry Answer: A Diff: 2 Skill: Concept Objective: 6 55) Alfred Communications, a U.S. firm, is consid ...
... Skill: Concept Objective: 5 54) Which of the following is not a similarity between India and Great Britain? A) parliamentary system B) dependent judiciary C) an amateur bureaucracy D) state-owned industry Answer: A Diff: 2 Skill: Concept Objective: 6 55) Alfred Communications, a U.S. firm, is consid ...
International Institutions and Domestic Compensation: The IMF and the Politics of Financial Liberalization
... 2. The IMF’s Advocacy of Capital Account Liberalization How can we explain the international variation in financial liberalization since the 1970s? Students of international political economy have proposed and tested numerous theories of the ebb and flow of financial liberalization worldwide. One br ...
... 2. The IMF’s Advocacy of Capital Account Liberalization How can we explain the international variation in financial liberalization since the 1970s? Students of international political economy have proposed and tested numerous theories of the ebb and flow of financial liberalization worldwide. One br ...
international-business-7th-edition-griffin-test-bank
... 54) India was a colony of which country? A) China B) France C) Pakistan D) the United Kingdom Answer: D Diff: 1 Skill: Concept Objective: 5 55) Which two countries make up the Indian subcontinent? A) India and Egypt B) India and Pakistan C) Afghanistan and India D) India and Iran Answer: B Diff: 1 ...
... 54) India was a colony of which country? A) China B) France C) Pakistan D) the United Kingdom Answer: D Diff: 1 Skill: Concept Objective: 5 55) Which two countries make up the Indian subcontinent? A) India and Egypt B) India and Pakistan C) Afghanistan and India D) India and Iran Answer: B Diff: 1 ...
AGGREGATION IN PRODUCTION FUNCTIONS: WHAT APPLIED
... Two clarifications are important. First is the philosophical question of how far down or up one has to go to begin talking about the aggregation problem. From a theoretical and mathematical point of view, one can disaggregate ad infinitum. Second, often in the paper we refer explicitly or implicitly ...
... Two clarifications are important. First is the philosophical question of how far down or up one has to go to begin talking about the aggregation problem. From a theoretical and mathematical point of view, one can disaggregate ad infinitum. Second, often in the paper we refer explicitly or implicitly ...
Sample
... executives at the firm are not certain that India is the best location for investment. What is the most likely reason for management's concerns? A) weak judiciary system B) rampant corruption C) state capitalism D) religious strife Answer: B Diff: 3 Skill: Application Objective: 5 Learning Outcome: ...
... executives at the firm are not certain that India is the best location for investment. What is the most likely reason for management's concerns? A) weak judiciary system B) rampant corruption C) state capitalism D) religious strife Answer: B Diff: 3 Skill: Application Objective: 5 Learning Outcome: ...
New Structural Economics
... up with or significantly narrowing their gap with the advanced industrial economies. Japan, in 1950 a developing country with a per capita income one-fifth of the United States, reached 63 percent of U.S. income by 1970 and became the world’s second-largest economy. Japan’s rise was the result of an ...
... up with or significantly narrowing their gap with the advanced industrial economies. Japan, in 1950 a developing country with a per capita income one-fifth of the United States, reached 63 percent of U.S. income by 1970 and became the world’s second-largest economy. Japan’s rise was the result of an ...
The new structural economics. A framework for rethinking
... up with or significantly narrowing their gap with the advanced industrial economies. Japan, in 1950 a developing country with a per capita income one-fifth of the United States, reached 63 percent of U.S. income by 1970 and became the world’s second-largest economy. Japan’s rise was the result of an ...
... up with or significantly narrowing their gap with the advanced industrial economies. Japan, in 1950 a developing country with a per capita income one-fifth of the United States, reached 63 percent of U.S. income by 1970 and became the world’s second-largest economy. Japan’s rise was the result of an ...
Uneven and combined development
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.