The Steady-State Economy: The only path to a sustainable
... the abundant solar rays, almost anything could be recycled, allowing for even more economic growth. There are many flaws within Daly’s ideas and there are issues, which are not discussed (e.g.: imports, expropriation of the rich, entrepreneurial incentives). One important aspect is whether the funct ...
... the abundant solar rays, almost anything could be recycled, allowing for even more economic growth. There are many flaws within Daly’s ideas and there are issues, which are not discussed (e.g.: imports, expropriation of the rich, entrepreneurial incentives). One important aspect is whether the funct ...
Marcus Tullius Cicero was born in Arpinum in 106 BCE, into a
... Human beings are drawn together by their natural sociability, but not every collection of human beings is a commonwealth. A commonwealth properly so called cannot exist unless justice is present in it: unless it serves the common good by recognising the moral identity, and hence the moral claims, of ...
... Human beings are drawn together by their natural sociability, but not every collection of human beings is a commonwealth. A commonwealth properly so called cannot exist unless justice is present in it: unless it serves the common good by recognising the moral identity, and hence the moral claims, of ...
People and cities: economic horizons beyond the Hellenistic polis
... witnesses two major series of political transformations in the shape of the flourish of Hellenistic monarchies and the rise of the Roman Empire. Greek poleis had developed institutions — legal, social, and political mechanisms — that enabled the community to engage in, and exploit, as best as possi ...
... witnesses two major series of political transformations in the shape of the flourish of Hellenistic monarchies and the rise of the Roman Empire. Greek poleis had developed institutions — legal, social, and political mechanisms — that enabled the community to engage in, and exploit, as best as possi ...
PDF
... Arizona Agricultural Experiment Station Journal Article Game and Fish. Of major interest in each No. 2866 agency is the allowable level of cattle grazing, ...
... Arizona Agricultural Experiment Station Journal Article Game and Fish. Of major interest in each No. 2866 agency is the allowable level of cattle grazing, ...
Pluralism, Poverty and Sharecropping: Cultivating Open
... In this paper I conduct a review of some research about rural India in order to develop a moral political economy approach to research. I focus on a series of debates about land-rental in India in its socio-economic context. These debates are partly about land use and land productivity, and partly a ...
... In this paper I conduct a review of some research about rural India in order to develop a moral political economy approach to research. I focus on a series of debates about land-rental in India in its socio-economic context. These debates are partly about land use and land productivity, and partly a ...
Pluralism, Poverty and Sharecropping: Cultivating Open
... In this paper I conduct a review of some research about rural India in order to develop a moral political economy approach to research. I focus on a series of debates about land-rental in India in its socio-economic context. These debates are partly about land use and land productivity, and partly a ...
... In this paper I conduct a review of some research about rural India in order to develop a moral political economy approach to research. I focus on a series of debates about land-rental in India in its socio-economic context. These debates are partly about land use and land productivity, and partly a ...
Making sense of institutions as a factor shaping
... American institutionalists, in particular, the perspective of Commons (1934). Indeed, it would appear that the desire to make such a connection across the generations is a good part of Williamson’s motivation for calling his analysis, which at that time was largely concerned with the modern capitali ...
... American institutionalists, in particular, the perspective of Commons (1934). Indeed, it would appear that the desire to make such a connection across the generations is a good part of Williamson’s motivation for calling his analysis, which at that time was largely concerned with the modern capitali ...
Austrian Economics—The Ultimate Achievement of an Intellectual
... In fact, we can find similar passages in Mises’ original essay. Consider the following: Every man who, in the course of economic life, takes a choice between the satisfaction of one need as against another, eo ipso makes a judgment of value. Such judgments of value at once include only the very sati ...
... In fact, we can find similar passages in Mises’ original essay. Consider the following: Every man who, in the course of economic life, takes a choice between the satisfaction of one need as against another, eo ipso makes a judgment of value. Such judgments of value at once include only the very sati ...
Local Wisdom of Economics and Business Overseas Traders Minang Community... Jakarta
... H.D. Evers in Damsar (2000: 90-92) argues that the moral economy of merchants arises when they faced problems in trading activities. Moral economy of merchants arises due to opposition within his own traders. If the selling price is high, then the merchandise will not be sold. If the merchant sells ...
... H.D. Evers in Damsar (2000: 90-92) argues that the moral economy of merchants arises when they faced problems in trading activities. Moral economy of merchants arises due to opposition within his own traders. If the selling price is high, then the merchandise will not be sold. If the merchant sells ...
Ancient Greek Political Thought in Practice
... published official documentation on stone or bronze and the practice (and theory) of democracy: to take a local as opposed to ‘national’ example, the honorific inscriptions of the fourth century bce set up in the Athenian demes (constituent wards of the polis of Athens) celebrated and sought to enco ...
... published official documentation on stone or bronze and the practice (and theory) of democracy: to take a local as opposed to ‘national’ example, the honorific inscriptions of the fourth century bce set up in the Athenian demes (constituent wards of the polis of Athens) celebrated and sought to enco ...
Chapter 6 How Institutions of Liberty Promote Entrepreneurship and Growth Introduction
... change, one may expect the entrepreneur be recognized as “the single most important player in a modern economy” (Lazear, 2002: 1). However, as numerous writers (Hayek, 1945; Baumol, 1990; Bianchi and Henrekson, 2005) have argued, the real-world importance of entrepreneurs is not reflected in economi ...
... change, one may expect the entrepreneur be recognized as “the single most important player in a modern economy” (Lazear, 2002: 1). However, as numerous writers (Hayek, 1945; Baumol, 1990; Bianchi and Henrekson, 2005) have argued, the real-world importance of entrepreneurs is not reflected in economi ...
Reconciling the invisible hand and innovation Eduardo Pol
... 2.3. A Supreme and Extreme Example The proof of the existence of general equilibrium in the fifties was a major intellectual achievement. However, the general equilibrium model is a supreme example of a purely deductive economic model. In fact, Kirman (1989) has shown that this model is empirically ...
... 2.3. A Supreme and Extreme Example The proof of the existence of general equilibrium in the fifties was a major intellectual achievement. However, the general equilibrium model is a supreme example of a purely deductive economic model. In fact, Kirman (1989) has shown that this model is empirically ...
Answers to Text Questions and Problems in
... Answers to Text Questions and Problems in Chapter 7 Answers to Review Questions 1. If a policy is not efficient, then it can, by definition, be altered in a way that benefits at least some people without harming others. Economists favor efficient policies, because such policies make additional resou ...
... Answers to Text Questions and Problems in Chapter 7 Answers to Review Questions 1. If a policy is not efficient, then it can, by definition, be altered in a way that benefits at least some people without harming others. Economists favor efficient policies, because such policies make additional resou ...
Income Distribution and Economic Growth: Empirical Evidence from
... experienced remarkable ups and downs in the history of economics. It was the central issue in classical political economy from Adam Smith to David Ricardo, and then in the critique by Karl Marx (Nelson, 1996; Salavadori, 2003). The growth theory waned (Nelson, 1996), moved to the periphery during th ...
... experienced remarkable ups and downs in the history of economics. It was the central issue in classical political economy from Adam Smith to David Ricardo, and then in the critique by Karl Marx (Nelson, 1996; Salavadori, 2003). The growth theory waned (Nelson, 1996), moved to the periphery during th ...
- Munich Personal RePEc Archive
... or because it is too rigid to adapt even to minor but possibly crucial social and political changes that at some specific historical time may become necessary for the continuity of its existence (case 1). Uncertainty is a state of having limited knowledge, where it is impossible to predict any or mo ...
... or because it is too rigid to adapt even to minor but possibly crucial social and political changes that at some specific historical time may become necessary for the continuity of its existence (case 1). Uncertainty is a state of having limited knowledge, where it is impossible to predict any or mo ...
dr. Agnieszka Bielawska Adam Mickiewicz University Faculty of
... needs of polis above the needs of one group or the family and required from all citizens the participation in the matters of state. Reforms of Solon didn’t meet with the fully planned effect, because the Athens didn’t grow up to these changes. In 561 BC a tyrant Pisistratus seized power, and after h ...
... needs of polis above the needs of one group or the family and required from all citizens the participation in the matters of state. Reforms of Solon didn’t meet with the fully planned effect, because the Athens didn’t grow up to these changes. In 561 BC a tyrant Pisistratus seized power, and after h ...
Reconciling the invisible hand and innovation
... interpreted the Invisible Hand conjecture as signalling economic efficiency. Specifically, Arrow and Debreu (1954) proved mathematically that under certain (idealized) conditions a free-market economy is efficient. That is, the allocation of products achieved at the equilibrium prices originated by ...
... interpreted the Invisible Hand conjecture as signalling economic efficiency. Specifically, Arrow and Debreu (1954) proved mathematically that under certain (idealized) conditions a free-market economy is efficient. That is, the allocation of products achieved at the equilibrium prices originated by ...
Socrates This is supposed to be of Socrates, but it was made after
... Socrates never wrote down any of his ideas while he was alive. But after he died, his student, Plato, didwrite down some of what Socrates had said. Plato Plato is known today as one of the greatest philosophers of all time. He was born about 429 BC, close to the time when Pericles died, and he died ...
... Socrates never wrote down any of his ideas while he was alive. But after he died, his student, Plato, didwrite down some of what Socrates had said. Plato Plato is known today as one of the greatest philosophers of all time. He was born about 429 BC, close to the time when Pericles died, and he died ...
Economic sociology - SAGE Publications
... world that predispose them to exchange under a certain set of social rules and not another. In this sense, the state, culture, and politics are contained in every market act; they do not variably exert their influence on some kinds of markets more than others’ (Krippner, 2001: 785). Moreover, Krippn ...
... world that predispose them to exchange under a certain set of social rules and not another. In this sense, the state, culture, and politics are contained in every market act; they do not variably exert their influence on some kinds of markets more than others’ (Krippner, 2001: 785). Moreover, Krippn ...
Conflict and Cooperation: Institutional and Behavioral Economics
... rival/non-rival goods, decreasing and zero marginal cost, economies of scale, asset specificity, rent seeking and socio-emotional goods, with a constant focus on the goal of policy relevancy (p. 137): “If you do not know where the interdependencies are coming from, you can’t design institutions to d ...
... rival/non-rival goods, decreasing and zero marginal cost, economies of scale, asset specificity, rent seeking and socio-emotional goods, with a constant focus on the goal of policy relevancy (p. 137): “If you do not know where the interdependencies are coming from, you can’t design institutions to d ...
A Distrustful Economy: An Inquiry into Foundations of
... in space and time; moreover, they can coexist within a given market society. “Individuals are, simultaneously, under the influence of two major sets of factors—their pleasure and their moral duty (although both reflect socialization),” emphasized Amitai Etzioni. “There are important differences in t ...
... in space and time; moreover, they can coexist within a given market society. “Individuals are, simultaneously, under the influence of two major sets of factors—their pleasure and their moral duty (although both reflect socialization),” emphasized Amitai Etzioni. “There are important differences in t ...
методические указания для студентов факультета экономики и
... To the question: Do you believe that the world will become more or less prosperous? 49% of people in the Western Europe answered “Less” and 22% answered “More”, while in the Eastern Europe the answer was: 16% - “Less” and 49% -- “More”. That is unlike those who live in the Eastern Europe the Western ...
... To the question: Do you believe that the world will become more or less prosperous? 49% of people in the Western Europe answered “Less” and 22% answered “More”, while in the Eastern Europe the answer was: 16% - “Less” and 49% -- “More”. That is unlike those who live in the Eastern Europe the Western ...
Environmental impacts of invasive species: cost assessment and
... same amount (adjusted for inflation) in the future Typically set at the after-tax interest rate For industrialized countries, typically 1-4% (2-3% commonly used in US) For developing countries with rapid economic growth and high rates of returns on investments, can be up to 10% ...
... same amount (adjusted for inflation) in the future Typically set at the after-tax interest rate For industrialized countries, typically 1-4% (2-3% commonly used in US) For developing countries with rapid economic growth and high rates of returns on investments, can be up to 10% ...
Economics - University of Sussex
... prepared to take your Maths well beyond the GCSE, particularly if you decide to choose the BSc in Economics degree. However, we do provide additional Maths (and Computing) workshops to support students who find the Maths a bit difficult. ...
... prepared to take your Maths well beyond the GCSE, particularly if you decide to choose the BSc in Economics degree. However, we do provide additional Maths (and Computing) workshops to support students who find the Maths a bit difficult. ...
The Theory of Economic Development
... would apply to a closed economy: I make no attempt to deal with international trade or finance in this connection. Moreover, even within this area, there is a further limitation. As I explain at some length in the opening lecture, the propositions which I discuss relate to the broad problem of why d ...
... would apply to a closed economy: I make no attempt to deal with international trade or finance in this connection. Moreover, even within this area, there is a further limitation. As I explain at some length in the opening lecture, the propositions which I discuss relate to the broad problem of why d ...
Ancient economic thought
In the history of economic thought, ancient economic thought refers to the ideas from people before the Middle Ages.Economics in the classical age is defined in the modern analysis as a factor of ethics and politics, only becoming an object of study as a separate discipline during the 18th century.