scarcity, abundance and sufficiency - GUPEA
... Hence, the thesis offers three main contributions to social and economic theory in general: (1) a tentative typology of SAS; (2) a holistic (multi-casual) explanatory approach to SAS; and (3) an alternative foundation for social and economic theory, based on what has been called the SAS theme. It is ...
... Hence, the thesis offers three main contributions to social and economic theory in general: (1) a tentative typology of SAS; (2) a holistic (multi-casual) explanatory approach to SAS; and (3) an alternative foundation for social and economic theory, based on what has been called the SAS theme. It is ...
The Schumpeterian Entrepreneur
... in the customary course of life. According to Schumpeter (1934: 87), the majority of individuals oppose to these individuals since they are afraid of change. Schumpeter, over this standard individual, brings his analysis to the individual, who dares to go outside this pattern. In his view, individua ...
... in the customary course of life. According to Schumpeter (1934: 87), the majority of individuals oppose to these individuals since they are afraid of change. Schumpeter, over this standard individual, brings his analysis to the individual, who dares to go outside this pattern. In his view, individua ...
Rothbard on Consumer Sovereignty and His Implicit Rejection of
... sovereignty to be compromised. Consumers’ wants would not be satisfied as well as otherwise, as judged in terms of rightly understood interests. Mises did not suggest government intervention to deal with monopoly. He believed that the exception was a minor issue and that most monopolies were due to ...
... sovereignty to be compromised. Consumers’ wants would not be satisfied as well as otherwise, as judged in terms of rightly understood interests. Mises did not suggest government intervention to deal with monopoly. He believed that the exception was a minor issue and that most monopolies were due to ...
Nietzsche and the Ge..
... and US economists all through the 19th Century. In the German-American tradition, the division of labor was the necessary consequence of the scale and diversity of human innovations and inventiveness, not the other way around. In the United States, the work of John Rae (1834) may serve as an early e ...
... and US economists all through the 19th Century. In the German-American tradition, the division of labor was the necessary consequence of the scale and diversity of human innovations and inventiveness, not the other way around. In the United States, the work of John Rae (1834) may serve as an early e ...
PDF
... common goal of sustainable development. Compared to the previous exclusive focus on production, Agenda 21 at least thematized the need to also discuss consumption and to include the local activities of citizens. The increased interest in consumption in relation to the environment was also related to ...
... common goal of sustainable development. Compared to the previous exclusive focus on production, Agenda 21 at least thematized the need to also discuss consumption and to include the local activities of citizens. The increased interest in consumption in relation to the environment was also related to ...
Economics (ECON) - Northeastern University
... Emphasizes an economic analysis of the labor market, the labor force, and wages and earnings. Explores the differences that have existed and currently exist in the labor market with regard to race, ethnicity, and gender and the theories behind why they have existed and continue to exist. Covers supp ...
... Emphasizes an economic analysis of the labor market, the labor force, and wages and earnings. Explores the differences that have existed and currently exist in the labor market with regard to race, ethnicity, and gender and the theories behind why they have existed and continue to exist. Covers supp ...
Consumer Sovereignty: the Key to Mises`s Economics (revised)
... the pure market economy is that the entrepreneur role identifies and employs factors of production. The result, in the absence of error, is that the wants of individuals in the consumer role are satisfied. This statement implies consumer sovereignty. The entrepreneur is the mandatory of the consumer ...
... the pure market economy is that the entrepreneur role identifies and employs factors of production. The result, in the absence of error, is that the wants of individuals in the consumer role are satisfied. This statement implies consumer sovereignty. The entrepreneur is the mandatory of the consumer ...
Economy as Religion
... experience in thinking about economy as religion and writing about it academically. I also learned the valuable lesson that when writing about unfamiliar and slightly controversial issues, some academics will appreciate it more than others. Those of a more conservative nature, who might not see the ...
... experience in thinking about economy as religion and writing about it academically. I also learned the valuable lesson that when writing about unfamiliar and slightly controversial issues, some academics will appreciate it more than others. Those of a more conservative nature, who might not see the ...
From Political Economy to Economics
... were to provide a relatively full picture of the newly identified subject matter. This book then uncovers the way in which the social and the historical, but also the methodological, have shifted in presence and content within economic theory during the passage from classical political economy to gen ...
... were to provide a relatively full picture of the newly identified subject matter. This book then uncovers the way in which the social and the historical, but also the methodological, have shifted in presence and content within economic theory during the passage from classical political economy to gen ...
No Slide Title
... The opportunity cost of any activity is what we give up when we make a choice.In other words,it is the loss of the opportunity to pursue the most attractive alternative given the same time and resources. A production possibility curve shows the maximum output of two goods or services that can be pro ...
... The opportunity cost of any activity is what we give up when we make a choice.In other words,it is the loss of the opportunity to pursue the most attractive alternative given the same time and resources. A production possibility curve shows the maximum output of two goods or services that can be pro ...
Keynes Resurrected? - Institute for Advanced Study
... Only then can we make some sense of the persistent resurrection of "progressive" or Left Keynesianism. From this perspective, Keynes is not usefully understood as an "origin", but, instead, as a moment—if an extraordinarily influential one—in an ongoing historical-political trajectory. His great con ...
... Only then can we make some sense of the persistent resurrection of "progressive" or Left Keynesianism. From this perspective, Keynes is not usefully understood as an "origin", but, instead, as a moment—if an extraordinarily influential one—in an ongoing historical-political trajectory. His great con ...
Principles of Economics, Case and Fair,8e
... price is above marginal cost, there is underproduction from society’s point of view—in other words, society could get more for less, but it does not. Second, strategic behavior can lead to outcomes that are not in society’s best interest. Specifically, strategically competitive firms can force thems ...
... price is above marginal cost, there is underproduction from society’s point of view—in other words, society could get more for less, but it does not. Second, strategic behavior can lead to outcomes that are not in society’s best interest. Specifically, strategically competitive firms can force thems ...
the law of a free society emerges like the laws of
... the dangers of economic decline and the loss of social and political freedom resulting from ideological conflicts and undue reliance on the doctrines of central planning—is still widely regarded as one of the most influential books of the twentieth century. If read in context, it is an attack on the ...
... the dangers of economic decline and the loss of social and political freedom resulting from ideological conflicts and undue reliance on the doctrines of central planning—is still widely regarded as one of the most influential books of the twentieth century. If read in context, it is an attack on the ...
DEPARTEMENT D`ECONOMIE
... As argued by McQuillin & Sugden (2012), the recent development of behavioural economics raises some issues in welfare economics concerning the interpretation of the preference-satisfaction criterion as a normative criterion. They argue that this criterion can be interpreted in three conceptually dif ...
... As argued by McQuillin & Sugden (2012), the recent development of behavioural economics raises some issues in welfare economics concerning the interpretation of the preference-satisfaction criterion as a normative criterion. They argue that this criterion can be interpreted in three conceptually dif ...
emergence and complexity in austrian economics
... work of Moore (1990) that emphasizes the role of novelty as crucial to complexity, one of the ideas stressed by many students of emergence as discussed above. Dynamic complexity has been defined by Rosser (1999) following Day (1994) as occurring in dynamical systems that do not converge to a point, ...
... work of Moore (1990) that emphasizes the role of novelty as crucial to complexity, one of the ideas stressed by many students of emergence as discussed above. Dynamic complexity has been defined by Rosser (1999) following Day (1994) as occurring in dynamical systems that do not converge to a point, ...
An Observation for Integrating JR Commons` Concept of Order and
... structurized by institutional compromise, goes through a stable phase for some time, and accumulates changes over historical time. Any institutional change (anomaly) at the conversing point will trigger a change in the cycle itself, sometimes bringing a “minor crisis”, and at other times a “major cr ...
... structurized by institutional compromise, goes through a stable phase for some time, and accumulates changes over historical time. Any institutional change (anomaly) at the conversing point will trigger a change in the cycle itself, sometimes bringing a “minor crisis”, and at other times a “major cr ...
No Slide Title
... This chapter will help you to: • Understand that price serves three functions: (a) as the basis on which firms generate revenue; (b) as a rationing device in markets; and (c) as a signal to producers to alter supply. • Identify how price is determined in a competitive market economy through the inte ...
... This chapter will help you to: • Understand that price serves three functions: (a) as the basis on which firms generate revenue; (b) as a rationing device in markets; and (c) as a signal to producers to alter supply. • Identify how price is determined in a competitive market economy through the inte ...
full paper
... This paper takes as its point of departure a seeming contradiction in the work of Robert Heilbroner with regards to his views on ideology. When we look at the writings of Heilbroner closely, it appears that he does not always take a negative view of ideology. In fact, he has argued for the legitima ...
... This paper takes as its point of departure a seeming contradiction in the work of Robert Heilbroner with regards to his views on ideology. When we look at the writings of Heilbroner closely, it appears that he does not always take a negative view of ideology. In fact, he has argued for the legitima ...
economics 1a - Together We Pass
... Welcome to Economics 1A, the first part of the introduction to Economics. There is only one prescribed textbook. The study guide forms a vital part of the prescribed material. ...
... Welcome to Economics 1A, the first part of the introduction to Economics. There is only one prescribed textbook. The study guide forms a vital part of the prescribed material. ...
Class Analysis and Cultural Analysis in Bourdieu
... Ethic is paradigmatic in this respect, in its attempt to analyze what made people change their behavior in such a fundamental way that a whole new rationalistic mentality was created. This aspect of The Protestant Ethic may in the long run prove as important as its wellknown thesis about the importa ...
... Ethic is paradigmatic in this respect, in its attempt to analyze what made people change their behavior in such a fundamental way that a whole new rationalistic mentality was created. This aspect of The Protestant Ethic may in the long run prove as important as its wellknown thesis about the importa ...
PDF
... three papers came from a symposium published in the Review of Economic Studies, inspired by the debate following the publication of The Limits to Growth (Meadows and others 1972) on the nature of economic growth when a nonrenewable natural resource, as well as (human-made) capital, is a significant ...
... three papers came from a symposium published in the Review of Economic Studies, inspired by the debate following the publication of The Limits to Growth (Meadows and others 1972) on the nature of economic growth when a nonrenewable natural resource, as well as (human-made) capital, is a significant ...
The Economics of Sustainability: A Review of Journal Articles
... (Hartwick 1978a, 1978b), show what came to be known as Hartwick’s rule: Under many circumstances in an economy with depletable resources, the rent derived from resource depletion is exactly the level ...
... (Hartwick 1978a, 1978b), show what came to be known as Hartwick’s rule: Under many circumstances in an economy with depletable resources, the rent derived from resource depletion is exactly the level ...
Keynes as a Conservative - Intercollegiate Studies Institute
... that the classical teaching embodied some permanent truths of great significance. . . . There are in these matters deep undercurrents at work, natural forces, one can call them or even the invisible hand, which are operating towards equilibrium. If it were not so, we could not have got on even so we ...
... that the classical teaching embodied some permanent truths of great significance. . . . There are in these matters deep undercurrents at work, natural forces, one can call them or even the invisible hand, which are operating towards equilibrium. If it were not so, we could not have got on even so we ...
SR Relationship Between Production and Cost Total
... The Short Run Cost Function • The following average cost functions will be useful in our analysis. • Average total cost (AC) is the average perunit cost of using all of the firm’s inputs. • Average variable cost (AVC) is the average per-unit cost of using the firm’s variable inputs. • Average fixed ...
... The Short Run Cost Function • The following average cost functions will be useful in our analysis. • Average total cost (AC) is the average perunit cost of using all of the firm’s inputs. • Average variable cost (AVC) is the average per-unit cost of using the firm’s variable inputs. • Average fixed ...
Mises, Kant, and the Methodology of Economic Science
... natural sciences and the cultural discipline of history. For these Austrians, however, economics was a human science that could derive laws that had the same ontological status as the laws derived in the natural sciences, yet accounted for the complexity of the human experience. Mises did not origin ...
... natural sciences and the cultural discipline of history. For these Austrians, however, economics was a human science that could derive laws that had the same ontological status as the laws derived in the natural sciences, yet accounted for the complexity of the human experience. Mises did not origin ...