The Rediscovery of Classical Economics
... but not the same. My economics is the economics of John Stuart Mill. And while I have added a few modern attachments, since economic theory has not been totally barren for the past 150 years, for me it’s been close enough not to matter. The last economist of the mainstream for whom I have a great af ...
... but not the same. My economics is the economics of John Stuart Mill. And while I have added a few modern attachments, since economic theory has not been totally barren for the past 150 years, for me it’s been close enough not to matter. The last economist of the mainstream for whom I have a great af ...
Final Exam - Brad DeLong
... In Taiwan today, the (real) savings rate is about 32 percent of output, the average rate of increase in the efficiency of labor is 3 percent per year, the average rate of population growth is about 1 percent per year, and the depreciation rate is about 4 percent per year. (1) Suppose that Taiwan is ...
... In Taiwan today, the (real) savings rate is about 32 percent of output, the average rate of increase in the efficiency of labor is 3 percent per year, the average rate of population growth is about 1 percent per year, and the depreciation rate is about 4 percent per year. (1) Suppose that Taiwan is ...
Global Recession and Vietnam`s Economy
... monetary expansion and wage increase may fuel inflation later this year and in 2010. The effectiveness of the fiscal stimulus (tax exemption and interest subsidies) is still questionable. Given the rising trade and budget deficits, the room for large-scale stimulus is limited and fiscal stimulus m ...
... monetary expansion and wage increase may fuel inflation later this year and in 2010. The effectiveness of the fiscal stimulus (tax exemption and interest subsidies) is still questionable. Given the rising trade and budget deficits, the room for large-scale stimulus is limited and fiscal stimulus m ...
Institutional Economics
... Institutional economics - origins American institutionalism – main representatives: T. Veblen (1857-1929) – „The Theory of Leisure Class” and „The Theory of Business Enterprise” W.C. Mitchell (1874-1948) – „Business Cycles”, The Rationality of Economic Activity” J.R. Commons (1862-1945) – „Legal Fu ...
... Institutional economics - origins American institutionalism – main representatives: T. Veblen (1857-1929) – „The Theory of Leisure Class” and „The Theory of Business Enterprise” W.C. Mitchell (1874-1948) – „Business Cycles”, The Rationality of Economic Activity” J.R. Commons (1862-1945) – „Legal Fu ...
Presentation to the Bay Area Council 2006 Outlook Conference
... likely to be reinforced by a related development—a significant moderation in the rate of appreciation of house prices. This could well restrict not only the pace of residential construction but also the pace of consumer spending. For example, some observers believe that consumer spending has been bo ...
... likely to be reinforced by a related development—a significant moderation in the rate of appreciation of house prices. This could well restrict not only the pace of residential construction but also the pace of consumer spending. For example, some observers believe that consumer spending has been bo ...
Flaws in the Marxian Explanations of the Great Recession
... Foster and Magdoff’s stagnation argument that the 2008 market crash in the U.S. was preceded by nearly four decades of economic inertia, that is, the argument that the U.S. economy never really recovered from the 1970s fatigue, is based on the theory of monopoly-finance capitalism, expounded by Kale ...
... Foster and Magdoff’s stagnation argument that the 2008 market crash in the U.S. was preceded by nearly four decades of economic inertia, that is, the argument that the U.S. economy never really recovered from the 1970s fatigue, is based on the theory of monopoly-finance capitalism, expounded by Kale ...
Practice Test questions for Spring, 2012 Fiscal/Monetary 1. Fiscal
... B) agreed to subsidize unemployed workers to the extent of 50 percent of their average incomes. C) committed itself to accept some degree of responsibility for the general levels of employment and prices. D) agreed to hire, through public works programs, any employees who cannot find jobs with priva ...
... B) agreed to subsidize unemployed workers to the extent of 50 percent of their average incomes. C) committed itself to accept some degree of responsibility for the general levels of employment and prices. D) agreed to hire, through public works programs, any employees who cannot find jobs with priva ...
Economic Systems Notes
... own businesses, more choice Weaknesses: The desire for money may lead to poor quality of goods and services, business owners have to risk losing money ...
... own businesses, more choice Weaknesses: The desire for money may lead to poor quality of goods and services, business owners have to risk losing money ...
3-19 中国二元结构变化4（向仁康，2013）
... To grow,economies must save and invest a certain roportion of their GDP. The more they can save and invest, the faster they can grow. So,the main obstacle to or constraint on development, according to this theory, is the relatively low level of new capital formation in most poor countries. But savin ...
... To grow,economies must save and invest a certain roportion of their GDP. The more they can save and invest, the faster they can grow. So,the main obstacle to or constraint on development, according to this theory, is the relatively low level of new capital formation in most poor countries. But savin ...
mid term exam solutions
... Whether the firm buys the machine or not thus depend on the interest rates. One difficulty would be that, in general, these interest rates are unknown at time t. Hence, the firm would need to form an expectation of the future interest rates. Q4. As we have seen, the goal of stabilization policies is ...
... Whether the firm buys the machine or not thus depend on the interest rates. One difficulty would be that, in general, these interest rates are unknown at time t. Hence, the firm would need to form an expectation of the future interest rates. Q4. As we have seen, the goal of stabilization policies is ...
AP Macro Review PP
... Contractionary Monetary Policy Policy that decreases demand which decreases Real GDP Decrease in money supply ...
... Contractionary Monetary Policy Policy that decreases demand which decreases Real GDP Decrease in money supply ...
IS-LM analysis
... sensitivity of AD to interest rate changes – If changes in interest rates only lead to a small change in AD, the IS curve will be steep – If changes in interest rates lead to a large change in AD, the IS curve will be shallow ...
... sensitivity of AD to interest rate changes – If changes in interest rates only lead to a small change in AD, the IS curve will be steep – If changes in interest rates lead to a large change in AD, the IS curve will be shallow ...
OVERVIEW
... credit growth fuels an increase in the current account deficit by feeding domestic demand and reducing savings ratios. Besides, the increasing share of short-term capital inflows in financing the current account deficit has necessitated the adoption of the current policy approach. Although it is exp ...
... credit growth fuels an increase in the current account deficit by feeding domestic demand and reducing savings ratios. Besides, the increasing share of short-term capital inflows in financing the current account deficit has necessitated the adoption of the current policy approach. Although it is exp ...
View - Strom Thurmond Institute
... it may sound, I still remember what it takes to make a payroll on Friday night. I understand how hard it is to generate enough additional dependable business to add just one more employee. And I know how great it feels to bring one on and to introduce the new employee to the team members he or she w ...
... it may sound, I still remember what it takes to make a payroll on Friday night. I understand how hard it is to generate enough additional dependable business to add just one more employee. And I know how great it feels to bring one on and to introduce the new employee to the team members he or she w ...
AP Macroeconomics Syllabus Course Description
... and evaluate the effects of public policy. It is important to discuss the aggregate demand and aggregate supply concepts individually to provide students a firm understanding of the mechanics of the aggregate demand and aggregate supply model. The aggregate demand and aggregate supply analysis often ...
... and evaluate the effects of public policy. It is important to discuss the aggregate demand and aggregate supply concepts individually to provide students a firm understanding of the mechanics of the aggregate demand and aggregate supply model. The aggregate demand and aggregate supply analysis often ...
Economic Activity in a Changing World
... Economies go through ups and downs. This can happen for many reasons, including wars, foreign competition, changes in technology, and changes in consumer wants. Over long periods of time, these changes form patterns. For example, the U.S. economy went through slumps in the 1930s, the 1950s, the 1970 ...
... Economies go through ups and downs. This can happen for many reasons, including wars, foreign competition, changes in technology, and changes in consumer wants. Over long periods of time, these changes form patterns. For example, the U.S. economy went through slumps in the 1930s, the 1950s, the 1970 ...