Redesigning Money to Curb Globalization: Can We
... has encouraged the economic profession to largely confine itself to mathematical calculations of market equilibrium. To be sure, prominent economists during the past century have addressed a number of highly controversial issues – from John Hobson’s critical understanding of imperialism to John Mayn ...
... has encouraged the economic profession to largely confine itself to mathematical calculations of market equilibrium. To be sure, prominent economists during the past century have addressed a number of highly controversial issues – from John Hobson’s critical understanding of imperialism to John Mayn ...
Do Democracies Have Different Public
... facilitate bargaining with each other (for a model along these lines, see Weingast and Marshall, 1988). Related are the “Chicago political-economic school” approaches of Stigler (1971), Peltzman (1976, 1980), Becker (1983) and others who admit that public policies may create inefficiencies such as m ...
... facilitate bargaining with each other (for a model along these lines, see Weingast and Marshall, 1988). Related are the “Chicago political-economic school” approaches of Stigler (1971), Peltzman (1976, 1980), Becker (1983) and others who admit that public policies may create inefficiencies such as m ...
GST 201: Peace and Conflict Resolution
... The conflict between Cuba and America is not basically based on resources but one ideology. America’s hatred for communism (or socialism) is always demonstrated in the activities of the US against Cuba and other anti capitalist-countries like North Korea. Thus, ideology plays a big role in the gene ...
... The conflict between Cuba and America is not basically based on resources but one ideology. America’s hatred for communism (or socialism) is always demonstrated in the activities of the US against Cuba and other anti capitalist-countries like North Korea. Thus, ideology plays a big role in the gene ...
Consumer Behavior and the Concept of Sovereignty: Explanations
... equity. Further, these policies must be compatible with the institutions of capitalist society, particularly with the operation of factor markets. Second, benefit/cost analysis requires that individual preferences be known to the state in their totality (i.e., as curves rather than points ...
... equity. Further, these policies must be compatible with the institutions of capitalist society, particularly with the operation of factor markets. Second, benefit/cost analysis requires that individual preferences be known to the state in their totality (i.e., as curves rather than points ...
EN EN EXPLANATORY MEMORANDUM 1. CONTEXT OF THE
... The Commission will be authorised to take a position on behalf of the EU to support the United States’ request for a WTO waiver to extend and expand the scope of the existing waiver to the extent necessary to permit the United States to provide duty-free treatment to eligible products originating in ...
... The Commission will be authorised to take a position on behalf of the EU to support the United States’ request for a WTO waiver to extend and expand the scope of the existing waiver to the extent necessary to permit the United States to provide duty-free treatment to eligible products originating in ...
Questions
... such economic migration ceases, what will be the levels of production, real wages and the income of landowners in each country? ...
... such economic migration ceases, what will be the levels of production, real wages and the income of landowners in each country? ...
Evolutionary and competence- based theories
... rather than dynamic efficiency and long-term advantage. Comparativestatic or equilibrium-based explanations also have difficulties accounting for the manifest heterogeneity of firm behaviour and performance in the real world. We now consider these three points in more detail. Given, atomistic indivi ...
... rather than dynamic efficiency and long-term advantage. Comparativestatic or equilibrium-based explanations also have difficulties accounting for the manifest heterogeneity of firm behaviour and performance in the real world. We now consider these three points in more detail. Given, atomistic indivi ...
Value and Exchange
... Because the applied econometrics program is firmly empirical it has been much more fruitful.11 Some interesting work has focused on an area particularly refractive to the Hicks-Samuelson approach—the causes of economic growth and development. Shleifer and Levine and their respective collaborators ha ...
... Because the applied econometrics program is firmly empirical it has been much more fruitful.11 Some interesting work has focused on an area particularly refractive to the Hicks-Samuelson approach—the causes of economic growth and development. Shleifer and Levine and their respective collaborators ha ...
paper cuglesan / herbel / nicula
... 2. These means are similar with the ones used by the social movements during the communist rule 3. Civil society organizations in Romania involved in the Rosia Montana issue are caught in a prisoner's dilemma: • In order to produce political mobilization at the international level, an ecological/env ...
... 2. These means are similar with the ones used by the social movements during the communist rule 3. Civil society organizations in Romania involved in the Rosia Montana issue are caught in a prisoner's dilemma: • In order to produce political mobilization at the international level, an ecological/env ...
VIEWPOINTS Three Pillars of Post-2012 International Climate Policy
... The Kyoto Protocol also has some weaknesses that can provide valuable lessons for the path forward. First, some of the world’s leading greenhouse gas emitters are not constrained by the Protocol; this includes the United States as well as some of the largest, fastest-growing developing economies. S ...
... The Kyoto Protocol also has some weaknesses that can provide valuable lessons for the path forward. First, some of the world’s leading greenhouse gas emitters are not constrained by the Protocol; this includes the United States as well as some of the largest, fastest-growing developing economies. S ...
V E Meir Kohn ALUE AND
... Because the applied econometrics program is firmly empirical it has been much more fruitful.11 Some interesting work has focused on an area particularly refractive to the Hicks-Samuelson approach—the causes of economic growth and development. Shleifer and Levine and their respective collaborators ha ...
... Because the applied econometrics program is firmly empirical it has been much more fruitful.11 Some interesting work has focused on an area particularly refractive to the Hicks-Samuelson approach—the causes of economic growth and development. Shleifer and Levine and their respective collaborators ha ...
Towards a System Dynamics Model of De Soto`s Theory on Informal
... precise, although more restrictive. The translation of verbal theory to a mathematical representation results in the loss of richness (Repenning 2002). However, there are various benefits: computer simulation is seen as a technique that is able to represent, communicate and test theoretical concept ...
... precise, although more restrictive. The translation of verbal theory to a mathematical representation results in the loss of richness (Repenning 2002). However, there are various benefits: computer simulation is seen as a technique that is able to represent, communicate and test theoretical concept ...
The Genius of Mises and the Brilliance of Kirzner
... taking, homogenous goods, nor perfect knowledge. As Ludwig von Mises (1978: 36) wrote, “[w]hat distinguishes the Austrian School and will lend it immortal fame is precisely the fact that it created a theory of economic action and not of economic equilibrium or non-action.” Austrian economists, most ...
... taking, homogenous goods, nor perfect knowledge. As Ludwig von Mises (1978: 36) wrote, “[w]hat distinguishes the Austrian School and will lend it immortal fame is precisely the fact that it created a theory of economic action and not of economic equilibrium or non-action.” Austrian economists, most ...
λ t
... “[…] there are reasons other than the testing of economic growth theories for the empirical study of economic convergence. We, as economists, are interested in knowing whether the distribution of income changes over time” (Sala-i-Martin, ...
... “[…] there are reasons other than the testing of economic growth theories for the empirical study of economic convergence. We, as economists, are interested in knowing whether the distribution of income changes over time” (Sala-i-Martin, ...
世界体系中的东方与西方 - Internationale Rosa
... from west to east. Its necessity comes from west capitalist mode of production and its invasion of east countries. Due to west capitalist invasion, east countries were forced to undergo a transformation from the pre-capitalism to capitalism and became a part of the global capital. This fact presente ...
... from west to east. Its necessity comes from west capitalist mode of production and its invasion of east countries. Due to west capitalist invasion, east countries were forced to undergo a transformation from the pre-capitalism to capitalism and became a part of the global capital. This fact presente ...
The emergence and significance of local economic development
... political actors and changes in territorial governance. Drawing on five Latin American examples from Mexico, Colombia, and Argentina, the paper identifies the key concepts, core values, and principles that inspire this approach to development. It also looks at the key constraining and facilitating f ...
... political actors and changes in territorial governance. Drawing on five Latin American examples from Mexico, Colombia, and Argentina, the paper identifies the key concepts, core values, and principles that inspire this approach to development. It also looks at the key constraining and facilitating f ...
Education and Growth Instrumental Variables Estimates
... be to provide estimates of the social returns to accumulating factors of production. Micro data (e.g., Gollin 2002, or Psachoropolous, 1993) provides reasonably accurate estimates of the private returns to accumulating physical and human capital. Neo-classical theory argues that the social returns t ...
... be to provide estimates of the social returns to accumulating factors of production. Micro data (e.g., Gollin 2002, or Psachoropolous, 1993) provides reasonably accurate estimates of the private returns to accumulating physical and human capital. Neo-classical theory argues that the social returns t ...
Atanu Dey - Econ171 Economic Development 2011
... Three theories to explain the two events ◦ Changes exogenous to the system – political institutions such as democracy ◦ External shocks that changed the equilibrium ◦ Gradual evolution of the system – endogenous growth ...
... Three theories to explain the two events ◦ Changes exogenous to the system – political institutions such as democracy ◦ External shocks that changed the equilibrium ◦ Gradual evolution of the system – endogenous growth ...
Document
... The aim of this paper is to examine the validity of one the most widespread explanations for the current economic crisis, the one that emphasizes the disruptive effects of ‘Global Imbalances’. The conventional wisdom, probably based on the traditional Hume’s ‘Price-Monetary Flux’ mechanism, was that ...
... The aim of this paper is to examine the validity of one the most widespread explanations for the current economic crisis, the one that emphasizes the disruptive effects of ‘Global Imbalances’. The conventional wisdom, probably based on the traditional Hume’s ‘Price-Monetary Flux’ mechanism, was that ...
Latin American Depression
... (however, the coffee industry did not grow in the 30s, but other agricultural goods did like cotton, using similar valorization methods) ...
... (however, the coffee industry did not grow in the 30s, but other agricultural goods did like cotton, using similar valorization methods) ...
Regional Trade Agreements
... 3%, government debt to GDP must not exceed 60%, currencies should not be previously devalued while interest rates should not be more than 2 percentage points higher than in the three lowest inflation member states. When the above has been met an achieved, the country needs to conduct an economic ana ...
... 3%, government debt to GDP must not exceed 60%, currencies should not be previously devalued while interest rates should not be more than 2 percentage points higher than in the three lowest inflation member states. When the above has been met an achieved, the country needs to conduct an economic ana ...
Economic Growth with Negative Externalities in Innovation
... Romer’s model does not generalize. Romer (1990) had argued that the private sector’s investment in R&D is less than the socially optimal level and that such expenditure should therefore be subsidized by the government. In this paper, however, overinvestment is possible. It is also shown that there i ...
... Romer’s model does not generalize. Romer (1990) had argued that the private sector’s investment in R&D is less than the socially optimal level and that such expenditure should therefore be subsidized by the government. In this paper, however, overinvestment is possible. It is also shown that there i ...
Development economics
Development economics is a branch of economics which deals with economic aspects of the development process in low-income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health and education and workplace conditions, whether through public or private channels.Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as inter-temporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods.Unlike in many other fields of economics, approaches in development economics may incorporate social and political factors to devise particular plans. Also unlike many other fields of economics, there is no consensus on what students should know. Different approaches may consider the factors that contribute to economic convergence or non-convergence across households, regions, and countries.