Economics Confronts the EconomyEdward Elgar Publishing, 25/05/2006 - 396 páginas Takes a look at contemporary economic analysis, and presents a view of the state of economics. |
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Página 3
... change the parameters of discourse so that the dispute cannot even be meaningfully verbalized . ( Economists , of course , demonstrate my point by suggesting that there is no need to verbalize the quantitative approach ! ) The ...
... change the parameters of discourse so that the dispute cannot even be meaningfully verbalized . ( Economists , of course , demonstrate my point by suggesting that there is no need to verbalize the quantitative approach ! ) The ...
Página 9
... changes for , among other things , the difference between price and value , the characterization of economics as positive not normative , and the role of the public sector . The full title of Smith's volume is An Inquiry into the Nature ...
... changes for , among other things , the difference between price and value , the characterization of economics as positive not normative , and the role of the public sector . The full title of Smith's volume is An Inquiry into the Nature ...
Página 21
... change the situation shown in Figure 1.1 would continue to be the long run equilibrium conditions for both the firm and the industry involved . What are the implications of the adjustment shown ? These , after all , constitute the heart ...
... change the situation shown in Figure 1.1 would continue to be the long run equilibrium conditions for both the firm and the industry involved . What are the implications of the adjustment shown ? These , after all , constitute the heart ...
Página 22
... changes so the price to the consumers will stay the same ( if both are of equal size ) but more firms will enter the industry . Technological changes get reflected in how households and firms rearrange the use of resources ! 2. If for ...
... changes so the price to the consumers will stay the same ( if both are of equal size ) but more firms will enter the industry . Technological changes get reflected in how households and firms rearrange the use of resources ! 2. If for ...
Página 23
... changes just as it did with technological changes . Nobel Prize winning economist Herbert Simon tried some years ago to inject greater realism into this model by suggesting that firms are often characterized by ' bounded rationality ...
... changes just as it did with technological changes . Nobel Prize winning economist Herbert Simon tried some years ago to inject greater realism into this model by suggesting that firms are often characterized by ' bounded rationality ...
Índice
8 | |
41 | |
3 Lowering the learning in economics 19502000 | 84 |
the world of microeconomics | 123 |
the world of macroeconomics | 166 |
6 Theory and the role of the public sector | 225 |
7 Focus on mainstream economicsobstacles to the competition for new ideas | 269 |
an alternative view dont cry for me economics | 320 |
Index | 381 |
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Palavras e frases frequentes
allocation American Economic analysis approach argue assertion assumptions basic behavior behavioral economics business cycles changes chapter citations clear competition confront considered course deadweight loss debate demand discipline discussion earlier Econ econometric economic activity economic agents economic theory efficiency efforts empirical equilibrium expenditures fact firms fiscal policy Friedman full employment game theory graduate heterodox economists human impact implications income industrial inflation rate institutional economics institutionalist interventionist invisible hand journals Keynes Keynesian Lucas macroeconomics mainstream economics mainstream economists major mathematical microeconomic theory modern monetarism monetary policy NAIRU natural rate normative oligopoly optimal output paradigm Pareto optimality perspective Phillips curve political positive precise presumably price theory problems produce public policy public sector quantitative question rate of unemployment rational expectations real world Ricardian Equivalence role Samuelson and Nordhaus Smith social sciences society suggest theorists unemployment rate University workable competition York
Passagens conhecidas
Página 340 - THE annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Página 10 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest, he frequently promotes that of the society more effectually...
Página 9 - But the annual revenue of every society is always precisely equal to the exchangeable value of the whole annual produce of its industry, or rather is precisely the same thing with that exchangeable value.
Página 99 - For man's character has been moulded by his every-day work, and the material resources which he thereby procures, more than by any other influence unless it be that of his religious ideals; and the two great forming agencies of the world's history have been the religious and the economic.
Página 10 - ... intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.
Página 11 - The poverty of the lower ranks of people in China far surpasses that of the most beggarly nations in Europe.
Página 11 - Marriage is encouraged in China, not by the profitableness of children, but by the liberty of destroying them. In all great towns several are every night exposed in the street, or drowned like puppies in the water. The performance of this horrid office is even said to be the avowed business by which some people earn their subsistence.
Página 9 - He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. ... he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Página 171 - natural rate of unemployment," in other words, is the level that would be ground out by the Walrasian system of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labor and commodity markets, including market imperfections, stochastic variability in demands and supplies, the cost of gathering information about job vacancies and labor availabilities, the costs of mobility, and so on...
Página 170 - Congress hereby declares that it is the CONTINUING policy AND responsibility of the Federal Government TO USE ALL PRACTICABLE MEANS consistent with its needs and obligations and other essential considerations of national policy WITH THE ASSISTANCE AND COOPERATION OF industry, agriculture, labor, and State and local governments, TO COORDINATE AND UTILIZE ALL ITS PLANS, FUNCTIONS, AND RESOURCES FOR THE PURPOSE...