A Critical Evaluation of Jules Dupuit`s Contributions to Economic
... a strange and discouraging one; but the day must come when the eyes of those who cannot see will be opened. Then will due honour be given to all who . . . have laboured in a thankless field of human knowledge, and have met with the neglect or ridicule they might well have expected. Not indeed that s ...
... a strange and discouraging one; but the day must come when the eyes of those who cannot see will be opened. Then will due honour be given to all who . . . have laboured in a thankless field of human knowledge, and have met with the neglect or ridicule they might well have expected. Not indeed that s ...
Paul Mattick
... capitalism develops through a crisis cycle. Up to the second world war capitalist crises were principally characterized by deflation: production would be curtailed, workers fired, wages cut, capital values destroyed, and prices lowered. Through this process of decline and ruin a new balance would be ...
... capitalism develops through a crisis cycle. Up to the second world war capitalist crises were principally characterized by deflation: production would be curtailed, workers fired, wages cut, capital values destroyed, and prices lowered. Through this process of decline and ruin a new balance would be ...
Money, Reality, and Value: Non-Commodity Money in Marxian
... so much support in exploring them. This applies to everything in this dissertation, but particularly so with my emphasis on Marxian theory. On numerous occasions I wanted to take a detour around the problems I saw in the Marxian theory of money, focusing on the history of monetary thought elsewhere. ...
... so much support in exploring them. This applies to everything in this dissertation, but particularly so with my emphasis on Marxian theory. On numerous occasions I wanted to take a detour around the problems I saw in the Marxian theory of money, focusing on the history of monetary thought elsewhere. ...
scarcity, abundance and sufficiency - GUPEA
... than enough food to go around. At the same time, obesity is a growing problem. Some people are on the verge of death from starvation, while others engage in gluttony. How is this possible? Some researchers argue that starvation is caused by ever-increasing food prices, poverty, climate shocks, or po ...
... than enough food to go around. At the same time, obesity is a growing problem. Some people are on the verge of death from starvation, while others engage in gluttony. How is this possible? Some researchers argue that starvation is caused by ever-increasing food prices, poverty, climate shocks, or po ...
Entrepreneurship as a non-profit-seeking activity
... United States using a particularly detailed dataset. The empirical results document an inferior earnings situation for most entrepreneurs. Self-employed business owners are found to start out with lower initial earnings than persons in paid employment, and they subsequently also experience lower ear ...
... United States using a particularly detailed dataset. The empirical results document an inferior earnings situation for most entrepreneurs. Self-employed business owners are found to start out with lower initial earnings than persons in paid employment, and they subsequently also experience lower ear ...
The Schumpeterian Entrepreneur
... 2000). Schumpeter, who is recognized as one of the major economists of all times by many philosophers (e.g. Michaelides and Milios, 2009: 495; Becker and Knudsen, 2003: 200; Hodgson, 2007: 1) and, who in this sense has significant contributions to the development of the discipline, investigated the ...
... 2000). Schumpeter, who is recognized as one of the major economists of all times by many philosophers (e.g. Michaelides and Milios, 2009: 495; Becker and Knudsen, 2003: 200; Hodgson, 2007: 1) and, who in this sense has significant contributions to the development of the discipline, investigated the ...
An Introduction to the three volums of Karl Marx`s
... ceptions of “social justice” that aspire to an equilibrium between classes, but also for some allegedly “leftist” conceptions of bourgeois politics as a sort of conspiracy of the “ruling class” against the rest of society. The existence of a ruling class, opposed to a “ruled” and “exploited” class, ...
... ceptions of “social justice” that aspire to an equilibrium between classes, but also for some allegedly “leftist” conceptions of bourgeois politics as a sort of conspiracy of the “ruling class” against the rest of society. The existence of a ruling class, opposed to a “ruled” and “exploited” class, ...
Preview Sample 1
... ANS: F Often policymakers fail to make the right decisions for both political and economic reasons. Even when the government does implement the "right" policies, the economy may not respond as expected. DIF: Moderate ...
... ANS: F Often policymakers fail to make the right decisions for both political and economic reasons. Even when the government does implement the "right" policies, the economy may not respond as expected. DIF: Moderate ...
Nietzsche and the Ge..
... shock them from their decadent lifestyles, has become a general attack on inappropriate social constructs regardless of nature. ...
... shock them from their decadent lifestyles, has become a general attack on inappropriate social constructs regardless of nature. ...
The Quality of Money
... note is money. Quantity is the only thing that matters. Quantitative issues explain all monetary phenomena. In fact, for Ricardo, all qualities of money are to be found within the limitation of money’s quantity. Ricardo and the followers of the simple quantity theory strongly emphasize the exchange ...
... note is money. Quantity is the only thing that matters. Quantitative issues explain all monetary phenomena. In fact, for Ricardo, all qualities of money are to be found within the limitation of money’s quantity. Ricardo and the followers of the simple quantity theory strongly emphasize the exchange ...
PDF
... implied that environmental regulation did not always have to be based on constraints, but could also be based on voluntary self-regulation and mutual regulation between different groups of actors. One of these actor groups was the consumers, who could contribute to environmental improvements through ...
... implied that environmental regulation did not always have to be based on constraints, but could also be based on voluntary self-regulation and mutual regulation between different groups of actors. One of these actor groups was the consumers, who could contribute to environmental improvements through ...
01/2014 Esteban Pérez Caldentey and Matías Vernengo Raúl Prebisch and Economic Dynamics:
... Neoclassical Theory and Keynes’ General Theory: Two static representations of capitalism Prebisch thought that the growth process of capitalist economies was eminently cyclical. As he puts it (1948A in R.P.O., Vol. III, p. 499): “The cycle is the typical form of growth that capitalism has had histor ...
... Neoclassical Theory and Keynes’ General Theory: Two static representations of capitalism Prebisch thought that the growth process of capitalist economies was eminently cyclical. As he puts it (1948A in R.P.O., Vol. III, p. 499): “The cycle is the typical form of growth that capitalism has had histor ...
James Tobin - Willem Buiter
... extension from one moment to two was never advertised as the complete job or the final word,…” (Tobin [1969a]). The theoretical work of Markowitz and Tobin in the 1950s on portfolio choice stimulated a large number of empirical studies of portfolio selection and asset market behaviour. The three Cow ...
... extension from one moment to two was never advertised as the complete job or the final word,…” (Tobin [1969a]). The theoretical work of Markowitz and Tobin in the 1950s on portfolio choice stimulated a large number of empirical studies of portfolio selection and asset market behaviour. The three Cow ...
NBER WORKING PAPER SERIES JAMES TOBIN: AN APPRECIATION OF HIS
... extension from one moment to two was never advertised as the complete job or the final word,…” (Tobin [1969a]). The theoretical work of Markowitz and Tobin in the 1950s on portfolio choice stimulated a large number of empirical studies of portfolio selection and asset market behaviour. The three Cow ...
... extension from one moment to two was never advertised as the complete job or the final word,…” (Tobin [1969a]). The theoretical work of Markowitz and Tobin in the 1950s on portfolio choice stimulated a large number of empirical studies of portfolio selection and asset market behaviour. The three Cow ...
Efficiency, Exchange, and Auction
... extensions of the economic approach to law mount, the time appears ripe for an examination of its analytic framework. Three distinct but related activities fall within the domain of law and economics: two of these are analytic in nature, one is normative. Analytic law and economics may be either des ...
... extensions of the economic approach to law mount, the time appears ripe for an examination of its analytic framework. Three distinct but related activities fall within the domain of law and economics: two of these are analytic in nature, one is normative. Analytic law and economics may be either des ...
Endogenous supply of fiat money
... privately determined in each period. Moreover, the money supplier is either patient or impatient, and this is also its private information. Second, the other agents in the economy can now decide between staying in autarky or entering the market and transacting with the help of money. The money suppl ...
... privately determined in each period. Moreover, the money supplier is either patient or impatient, and this is also its private information. Second, the other agents in the economy can now decide between staying in autarky or entering the market and transacting with the help of money. The money suppl ...
- ePub WU - Wirtschaftsuniversität Wien
... about comparative advantage in the economic textbooks, in order to be able to study without prejudice the insights and implications of the numerical demonstration of comparative advantage in the Principles. While reading the Principles, I discovered that for truly understanding Ricardo’s proposition ...
... about comparative advantage in the economic textbooks, in order to be able to study without prejudice the insights and implications of the numerical demonstration of comparative advantage in the Principles. While reading the Principles, I discovered that for truly understanding Ricardo’s proposition ...
L. Albert Hahn`s Economic Theory of Bank Credit
... examine similarities but also some important differences. When Keynes‟s General Theory was published in 1936, the former propagator of credit inflation, who had been classified by critics as the leading “inflation theorist by elimination of interest”9, himself had developed already into a fierce opp ...
... examine similarities but also some important differences. When Keynes‟s General Theory was published in 1936, the former propagator of credit inflation, who had been classified by critics as the leading “inflation theorist by elimination of interest”9, himself had developed already into a fierce opp ...
Rothbard on Consumer Sovereignty and His Implicit Rejection of
... in the unhampered market economy, monopoly prices may appear” (ibid.: 682). “With regard to monopoly prices there is not harmony, but conflict of interests” (ibid.: 680). Monopoly prices are not, however, due to the entrepreneur in his entrepreneurial capacity. They are due to the owners of existing ...
... in the unhampered market economy, monopoly prices may appear” (ibid.: 682). “With regard to monopoly prices there is not harmony, but conflict of interests” (ibid.: 680). Monopoly prices are not, however, due to the entrepreneur in his entrepreneurial capacity. They are due to the owners of existing ...
The Philosophical Underpinnings of Production of Commodities by
... a critique of that theory (p. vi). This points to the subtitle of the book, ‘prelude to a critique of economic theory’. To understand the significance of this claim one needs to put the two claims together. First it is claimed that the propositions of the book do not admit of any change and then it ...
... a critique of that theory (p. vi). This points to the subtitle of the book, ‘prelude to a critique of economic theory’. To understand the significance of this claim one needs to put the two claims together. First it is claimed that the propositions of the book do not admit of any change and then it ...
Debunking the theory of the firm—a chronology
... (see Chapter 6 of Debunking Economics), or the avoidance of the Sonnenschein-MantelDebreu conditions when deriving a market demand curve from the aggregation of individual ones (Chapter 2). When I discussed these issues with any of the minority of neoclassical economists who were themselves aware of ...
... (see Chapter 6 of Debunking Economics), or the avoidance of the Sonnenschein-MantelDebreu conditions when deriving a market demand curve from the aggregation of individual ones (Chapter 2). When I discussed these issues with any of the minority of neoclassical economists who were themselves aware of ...
Neoliberalism as Concept
... This paper advances a third way of answering the question by interrogating neoliberalism as a signifier and exploring its conceptual landscape. This approach does not take neoliberalism as a given body of ...
... This paper advances a third way of answering the question by interrogating neoliberalism as a signifier and exploring its conceptual landscape. This approach does not take neoliberalism as a given body of ...
Some Lessons for Monetary Policy Based on Interest Rates Rules
... unanticipated increase of savings. He also concluded that “equilibrium” interest rate should be considered as a component of the whole set of economic policies, in particular, its relation with the fiscal policy and income distribution. Furthermore, Myrdal also contributed to the theory of monetary ...
... unanticipated increase of savings. He also concluded that “equilibrium” interest rate should be considered as a component of the whole set of economic policies, in particular, its relation with the fiscal policy and income distribution. Furthermore, Myrdal also contributed to the theory of monetary ...
`Nothing includes everything`: towards engaged
... old ruts, creating hostile divisions. These are: fragmenting pluralism, where ‘centrifugal forces become so strong that we are only able to communicate with the small group that already shares our biases’; flabby pluralism, where use of other perspectives is a ‘glib superficial poaching’; polemical ...
... old ruts, creating hostile divisions. These are: fragmenting pluralism, where ‘centrifugal forces become so strong that we are only able to communicate with the small group that already shares our biases’; flabby pluralism, where use of other perspectives is a ‘glib superficial poaching’; polemical ...
Working Paper No. 313
... Moreover, it contains the informational difficulty: how could an economic agent obtain all the information of other agents' individual effective demands? ...
... Moreover, it contains the informational difficulty: how could an economic agent obtain all the information of other agents' individual effective demands? ...