Post-Hegemonic US Economic Hegemony
... (including Crotty 1990, Itoh and Lapavitsas 1999, and Skott 1989) have combined these authors’ insights in theoretical models incorporating financial and labor dynamics. This essay, by contrast, takes an empirical approach. It shows first that Minsky and Kalecki explain key aspects of post-War U.S. ...
... (including Crotty 1990, Itoh and Lapavitsas 1999, and Skott 1989) have combined these authors’ insights in theoretical models incorporating financial and labor dynamics. This essay, by contrast, takes an empirical approach. It shows first that Minsky and Kalecki explain key aspects of post-War U.S. ...
GOVERNMENT PURCHASES AND N. Gregory Mankiw
... increase. In this circumstance, it is inappropriate to attribute the change in private spending to the change in public spending. Both of these limitations suggest that the model may not be useful for examining the impact ...
... increase. In this circumstance, it is inappropriate to attribute the change in private spending to the change in public spending. Both of these limitations suggest that the model may not be useful for examining the impact ...
Timed Writing Rubric
... Plan and purpose of the essay is somewhat flawed; either the generalizations are left undeveloped, or they are developed by detail that is irrelevant, redundant, or inconsistent; paragraphs lack unity, coherence, or support; if there are transitions, they may be unclear, misleading, or ineffective; ...
... Plan and purpose of the essay is somewhat flawed; either the generalizations are left undeveloped, or they are developed by detail that is irrelevant, redundant, or inconsistent; paragraphs lack unity, coherence, or support; if there are transitions, they may be unclear, misleading, or ineffective; ...
PDF
... For example, people may buy insurance services on the market. Insurance companies make profits through arbitrage on risk propensity, but their role is basically the one of a financial intermediary: funds are collected and reinvested. Alternatively, people may save directly, by putting aside money fo ...
... For example, people may buy insurance services on the market. Insurance companies make profits through arbitrage on risk propensity, but their role is basically the one of a financial intermediary: funds are collected and reinvested. Alternatively, people may save directly, by putting aside money fo ...
Microeconomics
... means which have alternative uses” • Human behaviour: subject of all social science • Scarce means: economics ...
... means which have alternative uses” • Human behaviour: subject of all social science • Scarce means: economics ...
Power Point Slides Fifteen: Worldly Philosophers Ch. 9
... produced, in what proportions the factors of production will be combined to produce it, and how the value of the final product will be distributed between them.” Keynes believed that once full employment had been achieved by FISCAL POLICY measures, the market mechanism could then operate freely. “Th ...
... produced, in what proportions the factors of production will be combined to produce it, and how the value of the final product will be distributed between them.” Keynes believed that once full employment had been achieved by FISCAL POLICY measures, the market mechanism could then operate freely. “Th ...
- The Bichler and Nitzan Archives
... this issue there is no agreement whatsoever. For example, does capital accumulate because it is productive, or due to the exploitation of workers? Does capital expand from within capitalism, or does it need non-capitalist institutions like the state and other ‘external’ forces? Is accumulation synon ...
... this issue there is no agreement whatsoever. For example, does capital accumulate because it is productive, or due to the exploitation of workers? Does capital expand from within capitalism, or does it need non-capitalist institutions like the state and other ‘external’ forces? Is accumulation synon ...
Department of Land Economy
... healthy growth rates). However, monetary policy should not be operated by politicians but by experts (whether banks, economists or others) in the form of an ‘independent’ Central Bank. Such a bank would also have greater credibility in the financial markets and be seen to have a stronger commitment ...
... healthy growth rates). However, monetary policy should not be operated by politicians but by experts (whether banks, economists or others) in the form of an ‘independent’ Central Bank. Such a bank would also have greater credibility in the financial markets and be seen to have a stronger commitment ...
PDF Full Publication in PDF Format
... microeconomics, it is assumed that the expenses of the profit maximising firm are delimited by the so-called budget constraint. Yet, in the circumstances described above the budget constraint of the firm "~softens"," it does not really bind decisions of the firm.4 The firrn can go beyond the budget ...
... microeconomics, it is assumed that the expenses of the profit maximising firm are delimited by the so-called budget constraint. Yet, in the circumstances described above the budget constraint of the firm "~softens"," it does not really bind decisions of the firm.4 The firrn can go beyond the budget ...
New Structural Economics
... both in terms of magnitude and scope since the Great Depression. No country has been immune to the economic slowdown. World GDP contracted 2.2 percent in 2009, the first time after World War II (WWII), and world trade volumes fell by a staggering 14.4 percent, the largest in 80 years (World Bank 201 ...
... both in terms of magnitude and scope since the Great Depression. No country has been immune to the economic slowdown. World GDP contracted 2.2 percent in 2009, the first time after World War II (WWII), and world trade volumes fell by a staggering 14.4 percent, the largest in 80 years (World Bank 201 ...
Chapter 23: Why Do Economies Grow?
... • There are two basic mechanisms which increase GDP per capita over the long term: • Capital deepening: an increase in the economy’s stock of capital—plant and equipment—relative to its workforce. • Technological progress: the ability to produce more output without using any more inputs—capital or l ...
... • There are two basic mechanisms which increase GDP per capita over the long term: • Capital deepening: an increase in the economy’s stock of capital—plant and equipment—relative to its workforce. • Technological progress: the ability to produce more output without using any more inputs—capital or l ...
PDF
... there have not been many other such responses. The question is especially tantalizing since there are signs that this may be a moment of opportunity for influencing, and altering, mainstream macroeconomics. The field has strayed far from its Keynesian origins, and in doing so has become, like other ...
... there have not been many other such responses. The question is especially tantalizing since there are signs that this may be a moment of opportunity for influencing, and altering, mainstream macroeconomics. The field has strayed far from its Keynesian origins, and in doing so has become, like other ...
1 Shadow Economy and the Related Issues of Tax Evasion: ... Analysis among Canadian Workers
... may cause the government severe difficulties, because it provides unreliable official indicators. The very direction of intended policy measures may therefore be questionable. A third reason for concern is that the rise of the underground economy can be seen as a reaction by individuals who feel ove ...
... may cause the government severe difficulties, because it provides unreliable official indicators. The very direction of intended policy measures may therefore be questionable. A third reason for concern is that the rise of the underground economy can be seen as a reaction by individuals who feel ove ...
1999-1
... The historic elections held in April, 1994 heralded a dramatic transformation of South African society from a white oligarchy to a non-racial democracy. The success or failure of this fledgling democracy will depend crucially on whether the Government of National Unity (GNU) under President Mandela ...
... The historic elections held in April, 1994 heralded a dramatic transformation of South African society from a white oligarchy to a non-racial democracy. The success or failure of this fledgling democracy will depend crucially on whether the Government of National Unity (GNU) under President Mandela ...
The Economics of Natural Disasters
... disaster are political and institutional. Of course, part of the influence of these factors is through their effect on economic growth and development, and thus on national income and wealth. Better policies and institutions make for a richer and thus more resilient economy. But there are also ways ...
... disaster are political and institutional. Of course, part of the influence of these factors is through their effect on economic growth and development, and thus on national income and wealth. Better policies and institutions make for a richer and thus more resilient economy. But there are also ways ...
Chapter 7
... wages were considerably higher—nearly 75 percent higher in 1450, for instance, than they were in 1200. ...
... wages were considerably higher—nearly 75 percent higher in 1450, for instance, than they were in 1200. ...
Chapter 1 What Economics is About
... a. Incorrect. This is an example of making a decision at the margin. b. Incorrect. This is an example of making a decision at the margin c. Incorrect. This is an example of making a decision at the margin. d. Correct. 5. The ______ the opportunity cost of doing something, the _______ likely it will ...
... a. Incorrect. This is an example of making a decision at the margin. b. Incorrect. This is an example of making a decision at the margin c. Incorrect. This is an example of making a decision at the margin. d. Correct. 5. The ______ the opportunity cost of doing something, the _______ likely it will ...
Chapter 2 An Introduction to Modeling, Efficiency and Equity
... which it increases knowledge or understanding (and not on how much it leaves unexplained). Good economic models predict well enough to increase our understanding of certain situations, even though the may not predict them perfectly and there may be related situations in which the same models do not ...
... which it increases knowledge or understanding (and not on how much it leaves unexplained). Good economic models predict well enough to increase our understanding of certain situations, even though the may not predict them perfectly and there may be related situations in which the same models do not ...
Chapter 3: THE ECONOMIC OUTLOOK
... The Treasury believes there is still some spare capacity in the economy. Its Pre-Budget Report forecasts imply that output was around 1% below potential in the third quarter of 2004 (although, as we noted in Chapter 2, revisions in the latest national accounts data might prompt the Treasury to revis ...
... The Treasury believes there is still some spare capacity in the economy. Its Pre-Budget Report forecasts imply that output was around 1% below potential in the third quarter of 2004 (although, as we noted in Chapter 2, revisions in the latest national accounts data might prompt the Treasury to revis ...
economics syllabus
... • values and displays the creative imagination in its various manifestations and nurtures its development in the economic and entrepreneurial spheres in all other areas of life. Also, in keeping with the UNESCO Pillars of learning, on completion of this course of study, students will learn to know, ...
... • values and displays the creative imagination in its various manifestations and nurtures its development in the economic and entrepreneurial spheres in all other areas of life. Also, in keeping with the UNESCO Pillars of learning, on completion of this course of study, students will learn to know, ...
Economic Conditions and Terrorism (PDF Available)
... status quo, it has two options. First, it can choose to mount a ‘‘rebellion attack’’ against the government and seek to overthrow it. If successful in this endeavor, the dissident group obtains a share of the productive resource base in the economy and also restructures and sets the new rules for th ...
... status quo, it has two options. First, it can choose to mount a ‘‘rebellion attack’’ against the government and seek to overthrow it. If successful in this endeavor, the dissident group obtains a share of the productive resource base in the economy and also restructures and sets the new rules for th ...