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new directions in development ethics
... and institutions rather than on capital accumulation. The application of short-run macroeconomics to development addresses issues such as inflation targeting, international capital flows, and financial crises. The development and application of heterodox macroeconomic theories in a neostructuralist ...
... and institutions rather than on capital accumulation. The application of short-run macroeconomics to development addresses issues such as inflation targeting, international capital flows, and financial crises. The development and application of heterodox macroeconomic theories in a neostructuralist ...
EPISTEMOLOGICAL IMPLICATIONS OF ECONOMIC COMPLEXITY
... precise knowledge (and knowledge of that knowledge), a broader approximate knowledge over time may be possible. Thus, chaotic systems are generally bounded and often ergodic. While in the short run relative trajectories for two slightly different actions may sharply diverge, the trajectories will at ...
... precise knowledge (and knowledge of that knowledge), a broader approximate knowledge over time may be possible. Thus, chaotic systems are generally bounded and often ergodic. While in the short run relative trajectories for two slightly different actions may sharply diverge, the trajectories will at ...
Viability, Transition, and Reflections on Neoclassical Economics
... competitive market if the firm has a normal management. However, many firms in the socialist as well as transitional economies are not viable, that is, they will not be able to earn a socially acceptable profit in an open, competitive market even if they have normal management because they are in se ...
... competitive market if the firm has a normal management. However, many firms in the socialist as well as transitional economies are not viable, that is, they will not be able to earn a socially acceptable profit in an open, competitive market even if they have normal management because they are in se ...
View/Open
... frustrating on another. Carr has written it for people at the ‘grass roots’, and indeed the book tells their story, acknowledges their effort, praises their successes, and tries to understand their failings. It describes people doing things. ‘Doing things’ empowers just by the nature of doing and le ...
... frustrating on another. Carr has written it for people at the ‘grass roots’, and indeed the book tells their story, acknowledges their effort, praises their successes, and tries to understand their failings. It describes people doing things. ‘Doing things’ empowers just by the nature of doing and le ...
Pluralism, poverty and sharecropping: cultivating open
... qualitative research can usefully improve upon mono-method studies (Bryman, 1996). Analogous arguments were made by Harriss, 2002; Jackson, 2002; Kanbur, 2002; and Hulme and Shepherd, 2003. Jackson, for instance, argues that social and anthropological research should not be separated from economic r ...
... qualitative research can usefully improve upon mono-method studies (Bryman, 1996). Analogous arguments were made by Harriss, 2002; Jackson, 2002; Kanbur, 2002; and Hulme and Shepherd, 2003. Jackson, for instance, argues that social and anthropological research should not be separated from economic r ...
Foundation of Islamic Economics ECON1710
... our models, theories and hypothesis are “correct” and on what authority do we say so. Islamic economics just like any other disciplines of study requires proper methodology to develop theories which then can be applied to real life. ...
... our models, theories and hypothesis are “correct” and on what authority do we say so. Islamic economics just like any other disciplines of study requires proper methodology to develop theories which then can be applied to real life. ...
Economic Sociology - University of California, Berkeley
... arrangements and their effects on various outcomes, including economic development – is a fundamental part of the sociology of markets (Hall and Soskice, 2001). This literature has revealed that the relationships among governments, workers, and capitalists have varied dramatically over time and geog ...
... arrangements and their effects on various outcomes, including economic development – is a fundamental part of the sociology of markets (Hall and Soskice, 2001). This literature has revealed that the relationships among governments, workers, and capitalists have varied dramatically over time and geog ...
Overview of Some Alternative Methodologies for Economic Impact
... different factors, in response to the economic event being analysed. In the majority of CGE models used in Australia, firms or producers are assumed to maximise profits. In addition, product and factor markets are assumed to be competitive. Profit maximisation dictates that firms act so as to minimi ...
... different factors, in response to the economic event being analysed. In the majority of CGE models used in Australia, firms or producers are assumed to maximise profits. In addition, product and factor markets are assumed to be competitive. Profit maximisation dictates that firms act so as to minimi ...
Response to a Skeptic - Federal Reserve Bank of Minneapolis
... real business cycle research (in this issue). There I do not argue that the Great American Depression was the equilibrium response to technology shocks as predicted by the neoclassical growth model. I do not argue that disruptions in the payment and credit system would not disrupt the economy. That ...
... real business cycle research (in this issue). There I do not argue that the Great American Depression was the equilibrium response to technology shocks as predicted by the neoclassical growth model. I do not argue that disruptions in the payment and credit system would not disrupt the economy. That ...
Perfect Competition: Short Run and Long Run
... Perfectly Competitive Market A perfectly Competitive market is characterized by: 1. There are many firms. 2. The product is standardized, or ...
... Perfectly Competitive Market A perfectly Competitive market is characterized by: 1. There are many firms. 2. The product is standardized, or ...
10280-13189 TRANSFER4
... galling given that the paradigm masks mutually contradictory perspectives. On the one hand, some defend a cultural reading of the world (and hence of economics), arguing that intangibles (essentially cultural in nature) drive the economy now and will do so even more in the future. Then there are tho ...
... galling given that the paradigm masks mutually contradictory perspectives. On the one hand, some defend a cultural reading of the world (and hence of economics), arguing that intangibles (essentially cultural in nature) drive the economy now and will do so even more in the future. Then there are tho ...
Sequentially complete markets remain incomplete Economics Letters
... risques, Econométrie, 41–47, CNRS, Paris; translated as The role of securities in the optimal allocation of risk bearing,. Review of Economic Studies 31, 91–96. Balasko, Y., Cass, D., 1989. The structure of financial equilibrium with exogenous yields: the case of incomplete markets. Econometrica 57, ...
... risques, Econométrie, 41–47, CNRS, Paris; translated as The role of securities in the optimal allocation of risk bearing,. Review of Economic Studies 31, 91–96. Balasko, Y., Cass, D., 1989. The structure of financial equilibrium with exogenous yields: the case of incomplete markets. Econometrica 57, ...
The economic problem of a community - FEP
... studied by economists would be specific to capitalism and should not bother socialists or collectivists. In the society which some believed the future was bound to bring, ‘economic’ problems would be replaced by ‘technical’ ones. Economics as traditionally understood would eventually become obsolete ...
... studied by economists would be specific to capitalism and should not bother socialists or collectivists. In the society which some believed the future was bound to bring, ‘economic’ problems would be replaced by ‘technical’ ones. Economics as traditionally understood would eventually become obsolete ...
PDF
... The Government of India should aim at boosting bio-inputs on a large scale for sugarcane production. It should set up an Organic Agriculture Research Institute (OARI) with its all India network and centres in different states. The proposed OARI should conduct research and provide extension services, ...
... The Government of India should aim at boosting bio-inputs on a large scale for sugarcane production. It should set up an Organic Agriculture Research Institute (OARI) with its all India network and centres in different states. The proposed OARI should conduct research and provide extension services, ...
RP189 Read on Piketty Commentary
... equals. Of course, economists will counter that all people from now to the end of time are in their equations, as if they live in a discounted present: but that is the point. Rashly assuming that growth will continue forever, standard economists such as Piketty standardly discount the future: the fu ...
... equals. Of course, economists will counter that all people from now to the end of time are in their equations, as if they live in a discounted present: but that is the point. Rashly assuming that growth will continue forever, standard economists such as Piketty standardly discount the future: the fu ...
Can Neoclassical Economics Underpin the Reform of Centrally
... been most successful. The superior performance of market economies is not in doubt. Instead, the paper attempts to determine whether that superiority is adequately explained by the neoclassical paradigm or is instead rooted in some other part of the complex reality of markets. T o be informative in ...
... been most successful. The superior performance of market economies is not in doubt. Instead, the paper attempts to determine whether that superiority is adequately explained by the neoclassical paradigm or is instead rooted in some other part of the complex reality of markets. T o be informative in ...
TAXATION: ALERTNESS AND RISK
... of consumption goods. In contrast, Menger's theory held that the value of consumption goods ultimately determines the cost of production. Value is an expression of judgements concerning future usefulness in meeting consumer wants. Hence does follow one of the Austrian fundamentals of taxation, “No t ...
... of consumption goods. In contrast, Menger's theory held that the value of consumption goods ultimately determines the cost of production. Value is an expression of judgements concerning future usefulness in meeting consumer wants. Hence does follow one of the Austrian fundamentals of taxation, “No t ...
Secular Stagnation and the Failed Growth Economy
... within a finite and non-growing biophysical system and subjecting income distribution to the standard of justice rather than allocative efficiency. However, at this point, ecological economics lacks a sophisticated understanding of the underlying dynamics of capitalism as a system. Rather it relies ...
... within a finite and non-growing biophysical system and subjecting income distribution to the standard of justice rather than allocative efficiency. However, at this point, ecological economics lacks a sophisticated understanding of the underlying dynamics of capitalism as a system. Rather it relies ...
Thinking Like An Economist - UPM EduTrain Interactive Learning
... households and firms make decisions and how they interact in markets. • Macroeconomics is the study of economywide phenomena, including inflation, unemployment, and economic growth. • These two branches of economics are closely intertwined, yet distinct – they address different questions. THINKING L ...
... households and firms make decisions and how they interact in markets. • Macroeconomics is the study of economywide phenomena, including inflation, unemployment, and economic growth. • These two branches of economics are closely intertwined, yet distinct – they address different questions. THINKING L ...
Tilburg University Pollution and exhaustibility of fossil fuels resource
... a flow and/or as a stock, has a negative impact on the economy’s aggregate welfare. See Brock (1977), Becker (1982), Tahvonen and Kuuluvainen (1991) and Van der Ploeg and Withagen (1991), who all add the damage caused by pollution to the social welfare function and analyse the differences with the s ...
... a flow and/or as a stock, has a negative impact on the economy’s aggregate welfare. See Brock (1977), Becker (1982), Tahvonen and Kuuluvainen (1991) and Van der Ploeg and Withagen (1991), who all add the damage caused by pollution to the social welfare function and analyse the differences with the s ...
View/Open
... and seems not to be limited by any certain boundary” [SMITH 1992, p. 225]. His approach is correctly based on that “those things which nature produces only in certain quantities” cannot be increased by human efforts despite of growing demand. Therefore, the prices not limited by an upper boundary ar ...
... and seems not to be limited by any certain boundary” [SMITH 1992, p. 225]. His approach is correctly based on that “those things which nature produces only in certain quantities” cannot be increased by human efforts despite of growing demand. Therefore, the prices not limited by an upper boundary ar ...
Valuing the Future: OMB's Refined Position
... 16 A mandatory, economy-wide cap on greenhouse gas emissions was voted down twice on the floor of the U.S. Senate, once in 2003, 108th Cong, 1st Sess, in 149 Cong Rec S 13598 (Oct 30, 2003), and again in 2005, Roll Call Vote No 148, 109th Cong, 1st Sess, in 151 Cong Rec S 7029 (Jun 22, 2005). Concer ...
... 16 A mandatory, economy-wide cap on greenhouse gas emissions was voted down twice on the floor of the U.S. Senate, once in 2003, 108th Cong, 1st Sess, in 149 Cong Rec S 13598 (Oct 30, 2003), and again in 2005, Roll Call Vote No 148, 109th Cong, 1st Sess, in 151 Cong Rec S 7029 (Jun 22, 2005). Concer ...
The Methodology of Profit Maximization: An Austrian
... The assumption of profit maximization naturally raises some questions as to what it really means. For example, profit maximization relative to what? Is it relative to the maximum return that anyone is receiving in any market at any time? Is it maximum relative to others in a particular industry or e ...
... The assumption of profit maximization naturally raises some questions as to what it really means. For example, profit maximization relative to what? Is it relative to the maximum return that anyone is receiving in any market at any time? Is it maximum relative to others in a particular industry or e ...
draft paper relating to this question - Staff
... hedonism). In the words of the Economist, “The destruction of the Iron Curtain on November 9th 1989 is still the most remarkable political event of most people’s lifetimes: it set free millions of individuals and it brought to an end a global conflict that threatened nuclear annihilation. For libera ...
... hedonism). In the words of the Economist, “The destruction of the Iron Curtain on November 9th 1989 is still the most remarkable political event of most people’s lifetimes: it set free millions of individuals and it brought to an end a global conflict that threatened nuclear annihilation. For libera ...
Chapter 14 from Microeconomics: Behavior, Instititutions and Evolution
... crime rates. In other neighborhoods, residents adopt a more hands-off approach. Sampson, Raudenbush, and Earls found considerable variation in the neighborhood levels of collective efficacy, with examples of rich and poor, and black and white neighborhoods exhibiting both high and low levels. Remark ...
... crime rates. In other neighborhoods, residents adopt a more hands-off approach. Sampson, Raudenbush, and Earls found considerable variation in the neighborhood levels of collective efficacy, with examples of rich and poor, and black and white neighborhoods exhibiting both high and low levels. Remark ...