Economics and Liberating Theory - Part 8 docx

... 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...

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 ... consider the impli- cations of people’s preferences for how they work, and who decides how they work, and discuss the effects of more realistic assumptions about con- sumption and...

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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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... 1947–93 8 8. Source: Edward Wolff, Economics of Poverty, Inequality and Discrimination (South-Western Publishing, 1997): 75. 9. Walter Park and David Brat, “A Global Kuznets Curve?” Kylos, Vol. 48, 1995: ... countries that the value of the Gini rose steadily from 0.442 in 1960 to 0.499 in 1 988 . In other words, between 1960 and 1 988 there was an increase in the economic inequalit...

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... 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 and demand ... 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...

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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 ... capital-using and labor-saving. And we know capitalists in industry 1 embraced it when the wage rate was 2.375 (and the rate of profit was zero), but rejected it when the wage...

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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...

Ngày tải lên: 02/07/2014, 21:20

... 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 the time we ... 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 500 people in the theater, and...

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... basic framework of equations (2), (4), and (6) and the inequality u ≤ 1/a(1), equations (7) and (8) give us five equations in five unknowns: c, g, w, r, and u. We proceed to solve the five equations ... aggregate supply of final goods and services. C is household consumption demand, I is domestic investment demand, G is government spending, and X is foreign demand for Brazilian ex...

Ngày tải lên: 02/07/2014, 21:20

... Michael Albert and Robin Hahnel, Marxism and Socialist Theory, and Socialism Today and Tomorrow both published by South End Press in 1 981 . proportion to the degree they are affected, and stand as a ... 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 ex...

Ngày tải lên: 02/07/2014, 21:20