Routledge Dictionary of Economics Second edition phần 10 pot

... same level of output, neither expanding nor contracting as any spending of entre- preneurs’ profits leads to an equal creation of other profits elsewhere in the economy. 2 The money-creating process of ... costs of regulation Bureau of Economic Analysis Bureau of the Budget Chancellor of the Exchequer © 2002 Donald Rutherford Subject classifications A General economics and t...

Ngày tải lên: 09/08/2014, 19:22

... Development © 2002 Donald Rutherford Routledge Dictionary of Economics Second edition The most informative dictionary of economics available, the Routledge Dictionary of Economics avoids the tendency ... Rutherford Routledge Dictionary of Economics Second edition Donald Rutherford London and New York © 2002 Donald Rutherford intheChinesecurrency,therenmin...

Ngày tải lên: 09/08/2014, 19:22

... in the form of a promise to pay based on the debt of a firm or an individual. Much of this money is in the for m of bank deposits. Seealso:billofexchange;commercial paper iron law of wages (B1, ... themselves. References Hicks, J.R. (1939) ‘Foundations of welfare economics , Economic Journal 49: 696– 712. Kaldor, N. (1939) ‘Welfare propositions of economics and interpersonal...

Ngày tải lên: 09/08/2014, 19:22

... Department of Labor, he was assistant professor of economics at Yale University (1954–62) before becoming Professor of the Economics of Education at the University of London Institute of Education; ... UTILITY theories of value in favour of a price theory which he also applied to his study of the RATE OF INTEREST . He relied on the QUANTITY THEORY OF MONEY in his mon...

Ngày tải lên: 09/08/2014, 19:22

... The Rhetoric of Economics, Brighton: Wheatsheaf. economics of crime (K4) 1 A branch of NEOCLASSICAL ECONOMICS which analyses the decision making of criminals in terms of a comparison of the marginal ... Rutherford (1995)Theeconomicsoforganisedcrime, Cambridge,NewYorkandMelbourne: CambridgeUniversityPress. economicsofinformation(D8) Abranchofeconomicsthatrecognizesthe imperfe...

Ngày tải lên: 09/08/2014, 19:22

... Rutherford extendedequilibrium(D5) Anexpansionoftheconceptof GENERAL EQUILIBRIUM toincludethenaturalenviron- ment. extendedfundfacility(F3) Atypeof INTERNATIONALMONETARYFUND loanintroducedin1974whichisgranted toacountrywhichagreestoaneconomic adjustmentprogrammeoverathree-year period.Repaymentbeginsfourandahalf yearsaftertheloanisgrantedandis extendedoverasix-yearperiod.Thefacil- itywasusedto...

Ngày tải lên: 09/08/2014, 19:22

... League of Nations (1940–7), as professor of com- merce at the London School of Economics (1947–57) and at Cambridge as professor of political economy (1957–67). He was awarded the NOBEL PRIZE FOR ECONOMICS ... are matters of pricing, distribution, investment, WELFARE ECONOMICS, demand and supply. The school of NEOCLASSICAL ECONOMICS was to emphasize the microeco- nomic char...

Ngày tải lên: 09/08/2014, 19:22

... was Professor of Economics at the School of Oriental and African Studies, University of London, from 1964 to 1979. Her most famous contribution to economics is her theory of the growth of the ... of a firm. When measuring MONOPOLY POWER, normal profit is used as a benchmark: if a firm has profits in excess of normal profit, it is to some extent a monopolist. normative econo...

Ngày tải lên: 09/08/2014, 19:22

... rates of return of HUMAN CAPITAL and of major public investments are often calculated. An alternative measure is the INTERNAL RATE OF RETURN which takes into account the timing of earnings. rate of ... MILL disputed aspects of it. Say’s supply and demand analysis, incorporating the con- cepts of UTILITY and SCARCITY, make him one of the forerunners of NEOCLASSICAL ECONOMI...

Ngày tải lên: 09/08/2014, 19:22

... holders of ordinary shares. trading potential (F1) An estimate of the possible volume of exports from one country to another. The greater the NATIONAL INCOME of the coun- tries, the higher the potential; ... liberalization of trade. See also: Kennedy Round trade-off (D0) The relationship between two inversely connected variables such that more of one means less of another. Trade...

Ngày tải lên: 09/08/2014, 19:22