UNIT 1 - GUNS and ROSES
... Substantial activity in the private sector (businesses and households). Prices are determined by demand and supply. A significant role by federal and local ...
... Substantial activity in the private sector (businesses and households). Prices are determined by demand and supply. A significant role by federal and local ...
Competition, Catallaxy, and 21st Century Capitalism
... cultures. The number of people involved in making and transporting a dress shirt is enormous, and all of them (especially if one buys it online) are anonymous. Exchange extends human community beyond the limits of language. Like the Austrian concept of coordination, this understanding of trust shoul ...
... cultures. The number of people involved in making and transporting a dress shirt is enormous, and all of them (especially if one buys it online) are anonymous. Exchange extends human community beyond the limits of language. Like the Austrian concept of coordination, this understanding of trust shoul ...
Dynamics of the Mixed Economy
... As far as Keynes was concerned government intervention in the economy could range from manipulated interest rates to the usurpa tion of entrepreneurial functions by government. To compete directly with private capital for the available market demand would, however, lead to the gradual displacement ...
... As far as Keynes was concerned government intervention in the economy could range from manipulated interest rates to the usurpa tion of entrepreneurial functions by government. To compete directly with private capital for the available market demand would, however, lead to the gradual displacement ...
CBCS-Amendments in PG (M.A.,) Courses - 2008-2009
... Rajiv Bein for Macmillan India Ltd, New Delhi. : Business Statistics & Operations Researchy, Sultan Chand & Sons, New Delhi. : Business Statistics and Operations Research, ...
... Rajiv Bein for Macmillan India Ltd, New Delhi. : Business Statistics & Operations Researchy, Sultan Chand & Sons, New Delhi. : Business Statistics and Operations Research, ...
Return to Planning – Panacea for the Downturn in the Nigerian Economy
... back burner. Consequently, the Planning Commission was no longer functioning as in the past and the Federal Ministry of Finance which was responsible for the medium – term macro – economic framework had taken centre-stage. This situation remained until the end of military rule in 1999. Currently, th ...
... back burner. Consequently, the Planning Commission was no longer functioning as in the past and the Federal Ministry of Finance which was responsible for the medium – term macro – economic framework had taken centre-stage. This situation remained until the end of military rule in 1999. Currently, th ...
Roots of Capitalist Stability and Instability
... basic stabiliser was already in operation. This was the way in which advanced capitalist economies relied on pre-capitalist societies as a safety value, the place where the excess supplies of goods produced within the capitalist economies could be unloaded rather than having them remain unsold. P ...
... basic stabiliser was already in operation. This was the way in which advanced capitalist economies relied on pre-capitalist societies as a safety value, the place where the excess supplies of goods produced within the capitalist economies could be unloaded rather than having them remain unsold. P ...
Rethinking Capitalism from a Geographical Perspective
... spaces, where owners, managers and workers are gathered together under unequal political relations. Entering places of production ( factories, offices, ...
... spaces, where owners, managers and workers are gathered together under unequal political relations. Entering places of production ( factories, offices, ...
Contemporary Capitalism
... imperialism. But they all held in common with Hilferding, while arguing within a valuetheoretical approach, that a new stage of capitalism had been arrived at, driven by the increasing socialization of production and the monopolistic concentration industry. The Great Depression and the long boom of ...
... imperialism. But they all held in common with Hilferding, while arguing within a valuetheoretical approach, that a new stage of capitalism had been arrived at, driven by the increasing socialization of production and the monopolistic concentration industry. The Great Depression and the long boom of ...
Liberalism, Capitalism, and “Socialist” Principles Richard J. Arneson
... fairly and efficiently, so that the necessary burdens impinge on each member of the party in about the same way and impose similar levels of sacrifice on each. Claims to justified inequality in benefits, on the basis that some have contributed more to the group enterprise even though they have not p ...
... fairly and efficiently, so that the necessary burdens impinge on each member of the party in about the same way and impose similar levels of sacrifice on each. Claims to justified inequality in benefits, on the basis that some have contributed more to the group enterprise even though they have not p ...
a world market of opportunities? capitalist
... as Andrew Gamble and John Roemer have advised, should be limited to the Pareto-optimal distribution of 'ownership rights' between workers and capitalists in internationally competitive enterprises.'" There is good reason, however, to at least qualify, perhaps even to reject, each of these premises a ...
... as Andrew Gamble and John Roemer have advised, should be limited to the Pareto-optimal distribution of 'ownership rights' between workers and capitalists in internationally competitive enterprises.'" There is good reason, however, to at least qualify, perhaps even to reject, each of these premises a ...
Institutions and Economic Growth: What Model of Capitalism for
... Grosse and Luger (1994) and Adams and Stoffaes (1986). For an opposite view, see for instance Woolcock (1996). ...
... Grosse and Luger (1994) and Adams and Stoffaes (1986). For an opposite view, see for instance Woolcock (1996). ...
Unit 1 Foundations of Economics
... and researchbased best practices. Teaching using only the suggested resources does not guarantee student mastery of all standards. Teachers must use professional judgment to select among these and/or other resources to teach the district curriculum. Some resources are protected by copyright. A us ...
... and researchbased best practices. Teaching using only the suggested resources does not guarantee student mastery of all standards. Teachers must use professional judgment to select among these and/or other resources to teach the district curriculum. Some resources are protected by copyright. A us ...
The Hayek-Keynes Debate Lessons for Current Business Cycle
... policy is to prevent that eventuality. Otherwise the self-reversing process will move the economy back toward equilibrium so that intervention would be unnecessary. In fact, ill-conceived intervention could intensify both the rate of unemployment and economic instability. One may wonder whether, acc ...
... policy is to prevent that eventuality. Otherwise the self-reversing process will move the economy back toward equilibrium so that intervention would be unnecessary. In fact, ill-conceived intervention could intensify both the rate of unemployment and economic instability. One may wonder whether, acc ...
Liberty and Democracy as Economic Systems
... Democracy answers this question—“who ought to exercise the public power?” The answer it gives is—the exercise of public power belongs to the citizens as a body. . . . Liberalism, on the other hand, answers this other question—“regardless of who exercises the public power, what should its limits be?” ...
... Democracy answers this question—“who ought to exercise the public power?” The answer it gives is—the exercise of public power belongs to the citizens as a body. . . . Liberalism, on the other hand, answers this other question—“regardless of who exercises the public power, what should its limits be?” ...
History of economic thought
... in the history of economic thought as a major forerunner, the "father," of economics, a title which has been given to Adam Smith, whose great works were published some three hundred and seventy years after Ibn Khaldun's death. Not only did Ibn Khaldun plant the germinating seeds of classical economi ...
... in the history of economic thought as a major forerunner, the "father," of economics, a title which has been given to Adam Smith, whose great works were published some three hundred and seventy years after Ibn Khaldun's death. Not only did Ibn Khaldun plant the germinating seeds of classical economi ...
Creorder - Panoeconomicus
... theory of capital makes it possible for authors to rethink and redefine the whole economic discourse. They are convinced that there are crucial problems left unexplained and unaddressed in orthodox theory of capital (As we see later, the capital is not treated adequately in the Marxist camp, either. ...
... theory of capital makes it possible for authors to rethink and redefine the whole economic discourse. They are convinced that there are crucial problems left unexplained and unaddressed in orthodox theory of capital (As we see later, the capital is not treated adequately in the Marxist camp, either. ...
Taking the `Social` in Socialism Seriously
... the high concentrations of wealth and economic power generated by capitalist dynamics subvert principles of democratic political equality. People with money have a disproportionate influence on political outcomes through a variety of mechanisms: ability to contribute to political campaigns, influenc ...
... the high concentrations of wealth and economic power generated by capitalist dynamics subvert principles of democratic political equality. People with money have a disproportionate influence on political outcomes through a variety of mechanisms: ability to contribute to political campaigns, influenc ...
PDF
... to the extent they are based on differences between shadow prices and market prices. But it is doubtful whether there would be much scope for using shadow prices as policy variables under these conditions. Thus, equilibrium can be brought about only at the cost of massive subsidies by using funds wh ...
... to the extent they are based on differences between shadow prices and market prices. But it is doubtful whether there would be much scope for using shadow prices as policy variables under these conditions. Thus, equilibrium can be brought about only at the cost of massive subsidies by using funds wh ...
Karl Marx and Stephen Jay Gould: Institutions and punctuated
... concrete blockages to the accumulation process. Keynesian economics sees the investment decision as inherently unstable, subject to large fluctuations due to changing expectations and periodic imbalances between the financial and real economies, and prone to self‐reinforcing periods of stagnati ...
... concrete blockages to the accumulation process. Keynesian economics sees the investment decision as inherently unstable, subject to large fluctuations due to changing expectations and periodic imbalances between the financial and real economies, and prone to self‐reinforcing periods of stagnati ...
defines economic justice
... - conveys a clear and distinct claim about why or why not each of the following have a responsibility to ensure economic justice - consumers - producers - financial institutions - government - supports the claim with effective selection of relevant content from Units 1, 2, 3 and 4 - uses valid reaso ...
... - conveys a clear and distinct claim about why or why not each of the following have a responsibility to ensure economic justice - consumers - producers - financial institutions - government - supports the claim with effective selection of relevant content from Units 1, 2, 3 and 4 - uses valid reaso ...
Exploring Commons Theory for Principles of a Socialist
... worker participation as the organizing scheme of society,” and second, to design institutions that would achieve a “more just distribution of the proceeds of capital accumulation” (Wachtel 2000: 6), which together correspond to Foucault’s concept of a socialist governmentality. Articulating the rela ...
... worker participation as the organizing scheme of society,” and second, to design institutions that would achieve a “more just distribution of the proceeds of capital accumulation” (Wachtel 2000: 6), which together correspond to Foucault’s concept of a socialist governmentality. Articulating the rela ...
30 the journal of economic review
... Another kind of social capital can be owned individually. This kind of individual asset involves reputation, what accountants call "goodwill ", and/or what others call "street cred," along with fame, honor, and prestige. It fits with Pierre Bourdieu’s definition of "social capital" as:an attribute o ...
... Another kind of social capital can be owned individually. This kind of individual asset involves reputation, what accountants call "goodwill ", and/or what others call "street cred," along with fame, honor, and prestige. It fits with Pierre Bourdieu’s definition of "social capital" as:an attribute o ...
Uncertainty and the Institutional Structure of
... assurance that the agents are acting on the basis of mutually consistent models such as are needed for the existence of a rational expectation equilibrium. In Sargent's argument "bounded rationality" means that the agents in the economy are unsure about the degree of rational belief that is warrante ...
... assurance that the agents are acting on the basis of mutually consistent models such as are needed for the existence of a rational expectation equilibrium. In Sargent's argument "bounded rationality" means that the agents in the economy are unsure about the degree of rational belief that is warrante ...
Uncertainty and the Institutional Structure of Capitalist Economies
... In this view, relevant theory is not a compendium of propositions derived from axioms assumed to be universally true: economic theory is not a subdivision of mathematics. Relevant theory is the result of the exercise of imagination and logical powers on observations that are due to experience: it yi ...
... In this view, relevant theory is not a compendium of propositions derived from axioms assumed to be universally true: economic theory is not a subdivision of mathematics. Relevant theory is the result of the exercise of imagination and logical powers on observations that are due to experience: it yi ...
A History of Heterodox Economics: Challenging the mainstream in
... scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises. In the book, the traditional approach is reviewed and criti ...
... scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises. In the book, the traditional approach is reviewed and criti ...