Russian Economics:From Marxism to Institutional Matrices Theory
... property in the means of production, existing in two forms—state property and co-operative collective farm property; (2) emancipation of the working people from exploitation, comradely co-operation and socialist mutual aid between people in the process of producing material wealth; (3) distribution ...
... property in the means of production, existing in two forms—state property and co-operative collective farm property; (2) emancipation of the working people from exploitation, comradely co-operation and socialist mutual aid between people in the process of producing material wealth; (3) distribution ...
Explain the role of capital investment, education, and
... new computers to reduce the costs of doing business and increase the quality of service provided to customers. In the first few years, it is likely that growth in the physical capital stock (due to the purchase of new computers) and growth in the human capital stock (due to increased training in how ...
... new computers to reduce the costs of doing business and increase the quality of service provided to customers. In the first few years, it is likely that growth in the physical capital stock (due to the purchase of new computers) and growth in the human capital stock (due to increased training in how ...
Growth Patterns and Inequality in The Presence
... Rodrik (1994), in which inequality and growth are negatively related, suggesting that the political economy mechanism does not necessarily ensure that the best policies are chosen. (Also see Alesina and Perotti, 1994, for a comprehensive discussion regarding this issue). The conventional explanation ...
... Rodrik (1994), in which inequality and growth are negatively related, suggesting that the political economy mechanism does not necessarily ensure that the best policies are chosen. (Also see Alesina and Perotti, 1994, for a comprehensive discussion regarding this issue). The conventional explanation ...
exports and economic growth in nigeria
... vectors and provides a test statistic that is more cogent in its efficiency to reject a false null hypothesis. The study applies co-integration methodology in order to test the long run values. This research works sheds light on the dynamic structure of the model which is a pertinent factor in drawi ...
... vectors and provides a test statistic that is more cogent in its efficiency to reject a false null hypothesis. The study applies co-integration methodology in order to test the long run values. This research works sheds light on the dynamic structure of the model which is a pertinent factor in drawi ...
S A Slow-Motion CollApSe Why hasn’t regulation crashed the American economy?
... the economically plausible idea that a large increase in regulation must have had a large effect on potential economic growth. It should also be remembered that, because of compounding, a small but persistent decrease in annual growth translates into a large effect over several years. It can be easi ...
... the economically plausible idea that a large increase in regulation must have had a large effect on potential economic growth. It should also be remembered that, because of compounding, a small but persistent decrease in annual growth translates into a large effect over several years. It can be easi ...
Income Inequality, Fertility, Human Capital Accumulation and
... It is also worth mentioning that the nature of this mechanism implies that each period corresponds to one generation, so this model predicts effects on growth rates in the long run. In fact, the authors state that the model can explain the evolution of income, fertility and inequality in the last 20 ...
... It is also worth mentioning that the nature of this mechanism implies that each period corresponds to one generation, so this model predicts effects on growth rates in the long run. In fact, the authors state that the model can explain the evolution of income, fertility and inequality in the last 20 ...
A Slow-Motion CollApSe
... the economically plausible idea that a large increase in regulation must have had a large effect on potential economic growth. It should also be remembered that, because of compounding, a small but persistent decrease in annual growth translates into a large effect over several years. It can be easi ...
... the economically plausible idea that a large increase in regulation must have had a large effect on potential economic growth. It should also be remembered that, because of compounding, a small but persistent decrease in annual growth translates into a large effect over several years. It can be easi ...
classical liberalism, neoliberalism and ordoliberalism1
... the mainstream of neoclassical economic theory, is thought to be one of the underlying causes of the ongoing and as yet uncontained global economic crisis. As a result, neoliberalism has been subjected to generalized, devastating criticism, often extending to economic liberalism at large. In this co ...
... the mainstream of neoclassical economic theory, is thought to be one of the underlying causes of the ongoing and as yet uncontained global economic crisis. As a result, neoliberalism has been subjected to generalized, devastating criticism, often extending to economic liberalism at large. In this co ...
economic security – new approaches in the context of globalization
... markets, and the unilateral application of economic sanctions became more difficult, thus diminishing the states’ vulnerability. Furthermore, economic liberalization meant that all governments gave up part of their influence on private economic agents, thus reducing the efficiency of statecraft econ ...
... markets, and the unilateral application of economic sanctions became more difficult, thus diminishing the states’ vulnerability. Furthermore, economic liberalization meant that all governments gave up part of their influence on private economic agents, thus reducing the efficiency of statecraft econ ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... of the economy. Globally, economies of the world are divided into three categories. These are: Advanced Economies, Economies in Transition and Developing Economies. However, for clarity and ease of analysis, we restrict the discussions in this paper to advanced and developing economies. Fiscal polic ...
... of the economy. Globally, economies of the world are divided into three categories. These are: Advanced Economies, Economies in Transition and Developing Economies. However, for clarity and ease of analysis, we restrict the discussions in this paper to advanced and developing economies. Fiscal polic ...
7. Explaining Growth since the Industrial Revolution.
... populations is footloose, and has concentrated in urban centers because of the social amenities this offers, and also the employment opportunities there. The urbanization of the advanced economies has produced many associated social changes. ...
... populations is footloose, and has concentrated in urban centers because of the social amenities this offers, and also the employment opportunities there. The urbanization of the advanced economies has produced many associated social changes. ...
contemporary economic growth models and theories
... highly priced. Their theories originated in France and were most popular during the second half of the 18th century. The most significant contribution of the Physiocrats was their emphasis on productive work as the source of national wealth. The Physiocratic school of economics was the first to see ...
... highly priced. Their theories originated in France and were most popular during the second half of the 18th century. The most significant contribution of the Physiocrats was their emphasis on productive work as the source of national wealth. The Physiocratic school of economics was the first to see ...
View/Open
... key is productivity in manufacturing and services, where the tropics do not have any ecological disadvantage. In this context, provided these countries succeed in “getting economic policy right,” tropical countries with a substantial endowment in natural resources may see this comparative advantage ...
... key is productivity in manufacturing and services, where the tropics do not have any ecological disadvantage. In this context, provided these countries succeed in “getting economic policy right,” tropical countries with a substantial endowment in natural resources may see this comparative advantage ...
Volume XIII - UMKC College of Arts and Sciences
... than improving efficiency. This will be explored further in the next section. Secondly, neoclassical notions of equilibrium economics and scarcity are severely flawed. As stated above, endogenous technological advances mean resources are not scarce. Therefore, prices cannot be used as a measure of r ...
... than improving efficiency. This will be explored further in the next section. Secondly, neoclassical notions of equilibrium economics and scarcity are severely flawed. As stated above, endogenous technological advances mean resources are not scarce. Therefore, prices cannot be used as a measure of r ...
Paper - The Institute for New Economic Thinking
... importance of the monetary side in its impact on income distribution. Indeed, although these two above-mentioned developments are of great interest, their analyses succumb to a number of criticisms, especially when taking seriously into consideration the monetary and financial side. In the process, ...
... importance of the monetary side in its impact on income distribution. Indeed, although these two above-mentioned developments are of great interest, their analyses succumb to a number of criticisms, especially when taking seriously into consideration the monetary and financial side. In the process, ...
John Snow
... – wealthy people no more likely to be diagnosed with neurosis but more persistent diagnoses (due to different type of health care) ...
... – wealthy people no more likely to be diagnosed with neurosis but more persistent diagnoses (due to different type of health care) ...
John Gowdy CV 2-5-08 - Rensselaer Polytechnic Institute
... Senior Planner, Old Colony Planning Council, Brockton, Massachusetts - June 1972-July ...
... Senior Planner, Old Colony Planning Council, Brockton, Massachusetts - June 1972-July ...
View/Open
... Solow showed that, even with exhaustible natural resources, human welfare can be maintained for a very long time so long as accumulation of capital compensates fully for depletion of natural resources. His model is readily extended to show that this result can accommodate a growing population, so lo ...
... Solow showed that, even with exhaustible natural resources, human welfare can be maintained for a very long time so long as accumulation of capital compensates fully for depletion of natural resources. His model is readily extended to show that this result can accommodate a growing population, so lo ...
Sustainainable development and green growth: Comparison
... The TFSD/Statistics Netherlands measurement system provides two ways of showing the indicator sets: the conceptual and thematic representation (provided in chapters 2 and 3 of the Dutch sustainability monitor (CBS, 2011a)). In the conceptual classification, the “here and now”, “later and “elsewhere ...
... The TFSD/Statistics Netherlands measurement system provides two ways of showing the indicator sets: the conceptual and thematic representation (provided in chapters 2 and 3 of the Dutch sustainability monitor (CBS, 2011a)). In the conceptual classification, the “here and now”, “later and “elsewhere ...
Mankiw 5/e Chapter 8: Economic Growth II
... steady state growth rate of income per person depends solely on the exogenous rate of tech progress the U.S. has much less capital than the Golden Rule steady state 2. Ways to increase the saving rate increase public saving (reduce budget deficit) tax incentives for private saving CHAPTER 8 ...
... steady state growth rate of income per person depends solely on the exogenous rate of tech progress the U.S. has much less capital than the Golden Rule steady state 2. Ways to increase the saving rate increase public saving (reduce budget deficit) tax incentives for private saving CHAPTER 8 ...
Document
... a whole, to give up something else that is valued. In order to decide how fast we want our economy to grow, we must consider growth’s costs as well as its benefits. © 2001 South-Western, a division of Thomson Learning ...
... a whole, to give up something else that is valued. In order to decide how fast we want our economy to grow, we must consider growth’s costs as well as its benefits. © 2001 South-Western, a division of Thomson Learning ...
Chapter 11 Applications of the Ramsey model
... That is, if a shock occurs in historical time, it must be treated as a complete surprise, a “once-for-all” shock not expected to be replicated in any sense. Suppose that up until time 0 0 government spending maintains the constant given ratio (T ) = ̃ Suppose further that before time 0 ...
... That is, if a shock occurs in historical time, it must be treated as a complete surprise, a “once-for-all” shock not expected to be replicated in any sense. Suppose that up until time 0 0 government spending maintains the constant given ratio (T ) = ̃ Suppose further that before time 0 ...
Economics - Bangalore University
... economy; public and private sector, cooperation or competition; Government as a tool for operationalising the planning process; private goods, public goods, and merit goods; market failure-imperfections, decreasing costs, externalities, public goods. Module 2: Public Choice Public Choice and voting. ...
... economy; public and private sector, cooperation or competition; Government as a tool for operationalising the planning process; private goods, public goods, and merit goods; market failure-imperfections, decreasing costs, externalities, public goods. Module 2: Public Choice Public Choice and voting. ...