First Pages - Yale Economics
... human pleasures was gardening. The British statesman Winston Churchill wrote of his holiday: “I have had a delightful month building a cottage and dictating a book: 200 bricks and 2000 words a day.” We can apply utility theory to the allocation of time as well as money. Suppose that, after satisfyin ...
... human pleasures was gardening. The British statesman Winston Churchill wrote of his holiday: “I have had a delightful month building a cottage and dictating a book: 200 bricks and 2000 words a day.” We can apply utility theory to the allocation of time as well as money. Suppose that, after satisfyin ...
Shareholders Unanimity with Incomplete Markets
... from the one analyzed by Ekern and Wilson in that in our model shareholders can trade their stocks after the …rms’ investment decisions have been made. Thus, they need to anticipate the consequences of these investment choices on …rms’ stock market prices. Our unanimity result requires that, in this ...
... from the one analyzed by Ekern and Wilson in that in our model shareholders can trade their stocks after the …rms’ investment decisions have been made. Thus, they need to anticipate the consequences of these investment choices on …rms’ stock market prices. Our unanimity result requires that, in this ...
Financing Welfare Expenditure in France
... the near future. Mr Sarkozy’s idea was indeed far from new: the idea that the burden of financing social security expenses should be shifted from their traditional tax base - contributions paid on wages which are equivalent to a payroll tax2 - to a new larger one such as value added dates back to at ...
... the near future. Mr Sarkozy’s idea was indeed far from new: the idea that the burden of financing social security expenses should be shifted from their traditional tax base - contributions paid on wages which are equivalent to a payroll tax2 - to a new larger one such as value added dates back to at ...
social classes and strata in contemporary capitalism - Bresser
... the standpoint of specific interests, have the same economic position’, while status group are a ‘quality of social honor or the lack of it’ (1916: 39). In the same vein, he calls Chapter IV of the First Part of Economy and Society, ‘Status and Classes.’ Here he defines class in function of market p ...
... the standpoint of specific interests, have the same economic position’, while status group are a ‘quality of social honor or the lack of it’ (1916: 39). In the same vein, he calls Chapter IV of the First Part of Economy and Society, ‘Status and Classes.’ Here he defines class in function of market p ...
Consumption and the Environment
... This brings up the issue of what we mean by an “individual” choice. Almost any seemingly “individual” decision to purchase a good is tied to a web of public policy choices. An economic textbook example might present the consumer making a choice to purchase a pound of butter. But behind that simple c ...
... This brings up the issue of what we mean by an “individual” choice. Almost any seemingly “individual” decision to purchase a good is tied to a web of public policy choices. An economic textbook example might present the consumer making a choice to purchase a pound of butter. But behind that simple c ...
An Introduction to the three volums of Karl Marx`s
... ically by schools and media, through conversations and conflicts, have to be critically interrogated. The point is not only to engage with something new, but also to investigate that which seems familiar and obvious. This interrogation should begin with the first chapter. There we develop, on the on ...
... ically by schools and media, through conversations and conflicts, have to be critically interrogated. The point is not only to engage with something new, but also to investigate that which seems familiar and obvious. This interrogation should begin with the first chapter. There we develop, on the on ...
flexible capitalism
... lives, there is a sense in which anthropologists have been remarkably inattentive to the subject. It is concisely captured in a passage from a recent book by Spittler, a German anthropologist who specializes in the study of work. He observes that while one might ‘expect the subject of work to be as ...
... lives, there is a sense in which anthropologists have been remarkably inattentive to the subject. It is concisely captured in a passage from a recent book by Spittler, a German anthropologist who specializes in the study of work. He observes that while one might ‘expect the subject of work to be as ...
Karl Marx: A Brief Biographical Sketch With an Exposition
... Essence of Christianity). The year 1843 saw the appearance of his Principles of the Philosophy of the Future. “One must oneself have experienced the liberating effect” of these books, Engels subsequently wrote of these works of Feuerbach. “We [i.e., the Left Hegelians, including Marx] all became at ...
... Essence of Christianity). The year 1843 saw the appearance of his Principles of the Philosophy of the Future. “One must oneself have experienced the liberating effect” of these books, Engels subsequently wrote of these works of Feuerbach. “We [i.e., the Left Hegelians, including Marx] all became at ...
Utility Maximization
... Doctrine that pleasure is the chief good in life Competitive market model is often used as an argument for profit maximization Firms that do not maximize profits are driven out of the market by competitive forces ...
... Doctrine that pleasure is the chief good in life Competitive market model is often used as an argument for profit maximization Firms that do not maximize profits are driven out of the market by competitive forces ...
Market and Underground Activities in a Two
... models omit important aspects of the real world. For example, in models with underground sectors, firms and consumers may be more willing to shift resources out of market activity in response to productivity and policy disturbances than in models without such sector. Intuitively, in an underground m ...
... models omit important aspects of the real world. For example, in models with underground sectors, firms and consumers may be more willing to shift resources out of market activity in response to productivity and policy disturbances than in models without such sector. Intuitively, in an underground m ...
Household Production and the Household Economy
... Taxation of paid labor helps drive these technology and policy changes. 4.2 Deficiencies in the National Statistics of Work and Production During the last half-century an almost unrecognized statistical revolution has taken place. At its heart has been the System of National Accounts (SNA) which hav ...
... Taxation of paid labor helps drive these technology and policy changes. 4.2 Deficiencies in the National Statistics of Work and Production During the last half-century an almost unrecognized statistical revolution has taken place. At its heart has been the System of National Accounts (SNA) which hav ...
Shareholders Unanimity With Incomplete Markets∗
... models with heterogeneous agents, incomplete markets and aggregate shocks for a variety of issues, including asset pricing (Krusell and Smith, 1997 and Storesletten, Telmer, and Yaron, 2001), business cycles (Krusell and Smith, 1998), and the distribution of income and wealth (Castaneda, Diaz-Gimene ...
... models with heterogeneous agents, incomplete markets and aggregate shocks for a variety of issues, including asset pricing (Krusell and Smith, 1997 and Storesletten, Telmer, and Yaron, 2001), business cycles (Krusell and Smith, 1998), and the distribution of income and wealth (Castaneda, Diaz-Gimene ...
Institutional Marxian Political Economy: A Conceptual Marriage
... theory by a group of Marx’s followers (revisionists) in his time. Veblen observed three factors that made this evolution inevitable: changes in economic situation, practical request from socialist movement, and changes in the theoretical postulate. 1) Veblen wrote: “The industrial (economic) situati ...
... theory by a group of Marx’s followers (revisionists) in his time. Veblen observed three factors that made this evolution inevitable: changes in economic situation, practical request from socialist movement, and changes in the theoretical postulate. 1) Veblen wrote: “The industrial (economic) situati ...
Chapter 5
... "Free" ice cream attract so many consumers that the time spent waiting in line acts as the price of the good ...
... "Free" ice cream attract so many consumers that the time spent waiting in line acts as the price of the good ...
