Economics and Liberating Theory - Part 5 doc

... capital-using and labor- saving or capital-saving and labor-saving, and whether they be socially productive or counterproductive. Can we conclude anything definitive about the effect of any cost-reducing ... good 1 by: (0.1 – 0. 05) w, or (0.1 – 0. 05) (2.3 75) = 0.119. Which means that when the rate of profit in the economy is zero and therefore w = 2.3 75, this new capital-using, la...

Ngày tải lên: 02/07/2014, 21:20

... of self-managed and other-directed or alienated labor, and from the supervisory costs of monitoring employees. Conse- quently the model fails to capture differences in outcomes from labor and credit ... anyone works and the minimum number of days anyone works. 5 To explore how the distribution of seed corn and economic insti- tutions like a labor market and credit market affect...

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... Jean Bethke Elshtain, and Robert Putnam among others have documented the general decay of civic life and weakening of trust and participation across all income and educa- tional levels in the ... supply and demand closely approximate true marginal social costs and benefits then the individually rational behavior of buyers and sellers and the workings of the micro law of supply...

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... ECONOMY MACRO ECONOMICS AND IMF CONDITION- ALITY AGREEMENTS In chapters 6 and 7 we learned how aggregate demand explains the causes of some kinds of unemployment and inflation, and studied the ... goods and services available. And besides the demand that comes from the domestic household, business, and government sectors, foreign demand for exports adds to the demand for final...

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... Press, 1991), both by Michael Albert and Robin Hahnel. Other essays about participa- tory economics and a forum where participants discuss and debate participatory economics can be found on the ZNet ... Cole, and Sidney and Beatrice Webb. 9. This model was first presented in The Political Economy of Participatory Economics (Princeton University Press, 1991), and Looking Forw...

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... liberation and anti- racist movements, and anarchism, as well as from mainstream psychology, sociology, and evolutionary biology where useful. Liberating theory attempts to understand the relationships ... assembly lines, raw materials, and products are objects, and part of the “built” environ- ment. Ruth, Joe, and Sam, the people who work in, or own the factory, are people,...

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... ago, and global inequality is accelerating at an unprecedented pace. But how should we interpret What Should We Demand from Our Economy? 23 19 45 1 955 19 65 19 75 19 85 19 95 0.48 0.47 0.46 0. 45 0.44 0.43 0.42 0.41 0.40 Year Gini ... Edward Wolff, Economics of Poverty, Inequality and Discrimination (South-Western Publishing, 1997): 75. 9. Walter Park and David Brat, “A Global...

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... of supply and demand which is the key to understanding how markets for particular goods and services work. The macro law of supply and demand is the key to understanding how much goods and services ... The old theory was relabeled “micro economics and preserved as the centerpiece of the traditional paradigm, and a new theory called macro economics was created to explain the...

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... a theater, and say there are 100 people and you have the rush-to-the-exit problem. With derivatives, it’s as if without your knowing it, there are another 50 0 people in the theater, and you can’t ... other. Suppose I come and sell my potatoes for money and then my six-year-old breaks his arm running around underneath the vegetable stands, I take him to the emergency room, and by...

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... ∆I: I(2) = 100 + 25 = 1 25 = 200 – 1000r(2); 1 25 – 200 = – 75 = –1000r(2); – 75/ –1000 = 0.0 75 = r(2) So r(2) – r(1) = 0.0 75 – 0.100 = – 0.0 25 = ∆r. We need interest rates to drop by 2 .5% ( 15) Suppose interest ... studied? G (5) /Y (5) = 40/900 = 4.44%; I (5) /Y (5) = 1 25/ 900 = 13.89%; C (5) /Y (5) = 7 35/ 900 = 81.67% 224 The ABCs of Political Economy 6. If expansionary monet...

Ngày tải lên: 02/07/2014, 21:20