Entrepreneurship as a non-profit-seeking activity
... acknowledged that entrepreneurs have played a crucial role for the successful transition of former socialist to market economies in the 1990s (McMillan & Woodruff, 2002); their essential function as agents of economic change, already described by Schumpeter (1934), is reappraised in the context of g ...
... acknowledged that entrepreneurs have played a crucial role for the successful transition of former socialist to market economies in the 1990s (McMillan & Woodruff, 2002); their essential function as agents of economic change, already described by Schumpeter (1934), is reappraised in the context of g ...
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 ...
Economics (ECON) - Northeastern University
... will make choices, given their preferences, information, and available actions. The course considers games in which players know the payoffs and preferences but may have imperfect information about actions. Covers tools for predicting behavior, including iterative dominance, rationalizability, Nash ...
... will make choices, given their preferences, information, and available actions. The course considers games in which players know the payoffs and preferences but may have imperfect information about actions. Covers tools for predicting behavior, including iterative dominance, rationalizability, Nash ...
`Nothing includes everything`: towards engaged
... 1908 at his Manchester College, Oxford, Hibbert lectures. He said there: pluralism, or the doctrine that it is many means … [that] things are ‘with’ one another in many ways, but nothing includes everything, or dominates over everything. The word ‘and’ trails along after every sentence. Something ...
... 1908 at his Manchester College, Oxford, Hibbert lectures. He said there: pluralism, or the doctrine that it is many means … [that] things are ‘with’ one another in many ways, but nothing includes everything, or dominates over everything. The word ‘and’ trails along after every sentence. Something ...
The Distortive Effects of Antitrust Fines Based on Revenue
... auditing efforts for industries where firms are less diversified. However, this would not be a solution as long as even firms within the same industry have different degrees of diversification. ...
... auditing efforts for industries where firms are less diversified. However, this would not be a solution as long as even firms within the same industry have different degrees of diversification. ...
An Observation for Integrating JR Commons` Concept of Order and
... focuses on these differences in the perspectives, and explores the possibility of renewing the very concept of régulation. We pay attention to the concept of “institution” by J.R. Commons, one of the founders of the American Institutional School. In the school of régulation, which is said to have it ...
... focuses on these differences in the perspectives, and explores the possibility of renewing the very concept of régulation. We pay attention to the concept of “institution” by J.R. Commons, one of the founders of the American Institutional School. In the school of régulation, which is said to have it ...
Economics - Northeastern University
... For BA majors, grades earned in the following five core courses must average to a 2.000 grade-point average (GPA) or better: ...
... For BA majors, grades earned in the following five core courses must average to a 2.000 grade-point average (GPA) or better: ...
Economics Year-at-a-Glance Semester Class Only
... goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency (ECO.6D) Analyze the costs and benefits of the purchase, use, or disposal of personal and business property (ECO.7A) Identify and evaluate examples of restrictions ...
... goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency (ECO.6D) Analyze the costs and benefits of the purchase, use, or disposal of personal and business property (ECO.7A) Identify and evaluate examples of restrictions ...
emergence and complexity in austrian economics
... identifies this level of complexity as being meta-complexity. Below this are the various categories of complexity. Most important for our discussion at this stage are the broad categories of computational complexity and dynamic complexity. The former has many definitions itself, with Velupillai (200 ...
... identifies this level of complexity as being meta-complexity. Below this are the various categories of complexity. Most important for our discussion at this stage are the broad categories of computational complexity and dynamic complexity. The former has many definitions itself, with Velupillai (200 ...
Reconciling the invisible hand and innovation Eduardo Pol
... It is generally agreed that Adam Smith invoked the Invisible Hand –an expression that occurs only once in the Wealth of Nations– to convey the message to posterity that a free-market economy is the best form of economic organization. Smith did not formally prove anything in relation to the Invisibl ...
... It is generally agreed that Adam Smith invoked the Invisible Hand –an expression that occurs only once in the Wealth of Nations– to convey the message to posterity that a free-market economy is the best form of economic organization. Smith did not formally prove anything in relation to the Invisibl ...
Debates in Macroeconomics: Monetarism, New Classical
... that they use this model to form their expectations of the future. • By “true” model we mean a model that is on average correct in forecasting inflation. ...
... that they use this model to form their expectations of the future. • By “true” model we mean a model that is on average correct in forecasting inflation. ...
The economics of degrowth Ecological Economics
... growth rates, if enough investment is redistributed to alternative energy sources, and if consumption growth is curbed (D'Alessandro et al., 2010). In this Special Issue, the same research group addresses the welfare question with an endogenous growth model with externalities in consumption, leisure ...
... growth rates, if enough investment is redistributed to alternative energy sources, and if consumption growth is curbed (D'Alessandro et al., 2010). In this Special Issue, the same research group addresses the welfare question with an endogenous growth model with externalities in consumption, leisure ...
The economics of degrowth
... growth rates, if enough investment is redistributed to alternative energy sources, and if consumption growth is curbed (D'Alessandro et al., 2010). In this Special Issue, the same research group addresses the welfare question with an endogenous growth model with externalities in consumption, leisure ...
... growth rates, if enough investment is redistributed to alternative energy sources, and if consumption growth is curbed (D'Alessandro et al., 2010). In this Special Issue, the same research group addresses the welfare question with an endogenous growth model with externalities in consumption, leisure ...
Class Analysis and Cultural Analysis in Bourdieu
... to be discussed is clear. I will therefore first quickly summarize the case for an economic sociology which assigns a key role to the concept of interest, and then indicate some issues that need to be addressed. These latter include how to go about an analysis which takes interests seriously. There ...
... to be discussed is clear. I will therefore first quickly summarize the case for an economic sociology which assigns a key role to the concept of interest, and then indicate some issues that need to be addressed. These latter include how to go about an analysis which takes interests seriously. There ...
Reconciling the invisible hand and innovation
... here as the ‘double paradox’ of the Invisible Hand. Second, the interpretation of Adam Smith’s conjecture on the beneficial effects of the free-market economy cannot –and should not– be confined to the production and consumption of existing products. While the paradoxes are resolved taking the notio ...
... here as the ‘double paradox’ of the Invisible Hand. Second, the interpretation of Adam Smith’s conjecture on the beneficial effects of the free-market economy cannot –and should not– be confined to the production and consumption of existing products. While the paradoxes are resolved taking the notio ...
Keynes as a Conservative - Intercollegiate Studies Institute
... Keynes’s work and had he not died in 1946 he may very well have been able to put forward a new economic program for the postwar world based on the classical principles he discarded in 1936. As Keynes wrote in his very last published article, “I find myself moved, not for the first time, to remind c ...
... Keynes’s work and had he not died in 1946 he may very well have been able to put forward a new economic program for the postwar world based on the classical principles he discarded in 1936. As Keynes wrote in his very last published article, “I find myself moved, not for the first time, to remind c ...
PDF
... One way or another, the less extreme view of neutrality has become a common position to adopt, if unwittingly, in today's economics. 3) The least extreme view of neutrality, which is already a weak view of nonneutrality, took it that normative and positive economics were separated from each other no ...
... One way or another, the less extreme view of neutrality has become a common position to adopt, if unwittingly, in today's economics. 3) The least extreme view of neutrality, which is already a weak view of nonneutrality, took it that normative and positive economics were separated from each other no ...
The Cambridge Contribution to the Revival of Classical
... to Quesnay, prosperity occurs when the surplus is used mainly in productive activities, and decadence comes when the surplus is used mainly in luxurious consumption. Adam Smith leads to an important change in the theory of value, switching the emphasis from land to labour. For Smith, the value of a ...
... to Quesnay, prosperity occurs when the surplus is used mainly in productive activities, and decadence comes when the surplus is used mainly in luxurious consumption. Adam Smith leads to an important change in the theory of value, switching the emphasis from land to labour. For Smith, the value of a ...
Value and Exchange
... extent, everything else is just a corollary of this fundamental assumption. The assumption of trading equilibrium is an appealing one for a theory of value. If all possible opportunities for mutually advantageous exchange are being exploited, then the pattern of trading is stationary and it is possi ...
... extent, everything else is just a corollary of this fundamental assumption. The assumption of trading equilibrium is an appealing one for a theory of value. If all possible opportunities for mutually advantageous exchange are being exploited, then the pattern of trading is stationary and it is possi ...
V E Meir Kohn ALUE AND
... extent, everything else is just a corollary of this fundamental assumption. The assumption of trading equilibrium is an appealing one for a theory of value. If all possible opportunities for mutually advantageous exchange are being exploited, then the pattern of trading is stationary and it is possi ...
... extent, everything else is just a corollary of this fundamental assumption. The assumption of trading equilibrium is an appealing one for a theory of value. If all possible opportunities for mutually advantageous exchange are being exploited, then the pattern of trading is stationary and it is possi ...
HAPPINESS ECONOMICS What is happiness economics?
... Implications of Easterlin Paradox (I) • “Why do national comparisons among countries and over time show an association between income and happiness which is so much weaker than, if not inconsistent with, that shown by within‐country comparisons?” – ...
... Implications of Easterlin Paradox (I) • “Why do national comparisons among countries and over time show an association between income and happiness which is so much weaker than, if not inconsistent with, that shown by within‐country comparisons?” – ...
Pluralism, Poverty and Sharecropping: Cultivating Open
... instrumental to human development (e.g. marxists), while others (e.g. neoliberals) would tend to use human/social development and social capital as a means to economic development. Some Marxists and neoliberal authors would agree with each other that a growing commercial economy has scope for povert ...
... instrumental to human development (e.g. marxists), while others (e.g. neoliberals) would tend to use human/social development and social capital as a means to economic development. Some Marxists and neoliberal authors would agree with each other that a growing commercial economy has scope for povert ...
Pluralism, Poverty and Sharecropping: Cultivating Open
... instrumental to human development (e.g. marxists), while others (e.g. neoliberals) would tend to use human/social development and social capital as a means to economic development. Some Marxists and neoliberal authors would agree with each other that a growing commercial economy has scope for povert ...
... instrumental to human development (e.g. marxists), while others (e.g. neoliberals) would tend to use human/social development and social capital as a means to economic development. Some Marxists and neoliberal authors would agree with each other that a growing commercial economy has scope for povert ...
Income Distribution and Economic Growth: Empirical Evidence from
... often been the central area of inquiry, but on and off. During the early decades, Hahn and Matthews (1964) presented the most comprehensive survey on the contributions that had been made to the theory of economic growth beginning with Harrods’s article in 1939. Salavadori (2003) emphasizes that an i ...
... often been the central area of inquiry, but on and off. During the early decades, Hahn and Matthews (1964) presented the most comprehensive survey on the contributions that had been made to the theory of economic growth beginning with Harrods’s article in 1939. Salavadori (2003) emphasizes that an i ...
Economic Freedom and Economic Crises Christian Bjørnskov
... Second, another problem is that both demand and supply shocks reduce the profitability of most ordinary firms and investments. This situation can lead to a credit crunch when banks rationally limit credit for given interest rates. Such crunches appear both when financial institutions rationally limit t ...
... Second, another problem is that both demand and supply shocks reduce the profitability of most ordinary firms and investments. This situation can lead to a credit crunch when banks rationally limit credit for given interest rates. Such crunches appear both when financial institutions rationally limit t ...