Economics and Liberating Theory - Part 6 ppt

... 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...

Ngày tải lên: 02/07/2014, 21:20

... 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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... (William Morrow, 19 96) , Daphne Greenwood and Edward Wolff, “Changes in Wealth in the United States 1 962 –1983,” Journal of Population Economics 5, 1992, and Laurence Kotlikoff and Lawrence Summers, ... important to evaluate and take into account. SELF-MANAGEMENT I define self-management as decision making input in proportion to the degree one is affected, and believe more self-...

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... 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 ... up to 6 days and use the labor intensive process for the remainder of the 6 days. Either way a seedless person ends up with 1 6 unit of corn per day of self-employment no matter...

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... supply and demand I call the third “law” the micro law of supply and demand to dis- tinguish it from a different law we study in chapter 6 that I call the “macro law of supply and demand.” The ... excess supply and excess demand, and only at the equilibrium price is there neither excess supply nor excess demand. This particular kind of self- interested behavior of buyers and sel...

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... 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 ... prices, and the wage rate in the economy? Marx hypothesized that capitalist development would entail capital-using, labor-saving changes more often than capital- saving, labor-us...

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... sum total balances in household and business checking accounts at banks. Since checking account balances were $61 6 billion and currency in circu- lation was only $ 463 billion in January 1999, currency ... 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...

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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 fin...

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... declines, and when m decreases their real wage rises. 9 Solving the model When added to our basic framework of equations (2), (4), and (6) and the inequality u ≤ 1/a(1), equations (7) and (8) give ... production, (and therefore also income) and M is imports. So Y + M represents the aggregate supply of final goods and services. C is household consumption demand, I is domestic inve...

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... resort to appearances and partial con- cessions. While progressives have every reason to validate people’s desires for economic justice and real participation, and work to expand partial concessions, ... Economics of Competition and Greed 259 10 What Is To Be Undone? The Economics of Competition and Greed In Capitalism and Freedom (University of Chicago Press, 1 964 ) Nobel...

Ngày tải lên: 02/07/2014, 21:20