... apply [2] Section ofthe Handbook sets out the overarching principles and requirements that apply across different types of products governed by the Handbook, whilst Section ofthe Handbook (i.e Code ... consider other jurisdictions on their merits and may accept an undertaking from the management company that the books and records in relation to its management of a scheme will be made available for ... (Chapter 29 ofthe laws of Hong Kong) and such company is an affiliate ofan authorized financial institution defined under the SFO and is acceptable to the SFC PwC February 2012 11 Fees for Authorisation...
... construction, and the decade from 1850 to 1860 witnessed the entrance ofthe trunk line roads as competitors with the canals for traffic between the East and the West The failure ofthe Pennsylvania Canal ... the federal authorities adopted the expedient ofthe abolition of slavery, and to the surprise of both the North and the South "the cause ofthe conflict ceased before the conflict itself," and ... response to the demand for draught animals for use in the cultivation of cotton As the western farmers enlarged the volume of their sales to the southern planters they increased their purchases...
... Scotland as "the record ofthe long resistance ofthe English of Scotland to England, ofthe long resistance ofthe Celts of Scotland to the English of Scotland".[4] Above all, the conception ... divided between the supporters ofthe Duke of Rothesay, the eldest son of Robert III and heir to the crown, and the adherents ofthe Duke of Albany, the brother ofthe old king In 1399, Rothesay had ... with the questions relating to the spoken language of Lowland Scotland and to its AnOutlineofthe Relations between England and Scotland (500-1707) place-names The fact that the language of the...
... enhanced attention span focused on these new speakers and their material The availability ofthe materials online also affords the audience the advantage of being able to annotate and record the ... with the concept of transport, the invention ofthe wheel, the detail ofthe internal combustion engine and traction control They get the customer in the car and demonstrate the acceleration, the ... in January The star comes onto the stage to perform the dance ofthe 99 rabbit skins, but by the time she gets to the last one, the audience are so cold they don’t care any more and just want...
... The translation and publication of this book in Vietnamese language were made possible through the financial support ofthe Public Affairs Section, Embassy ofthe United States in Hanoi ... định hướng họ tìm thấy lời vận động tranh cử ngun thống đốc bang California - Ronald Reagan Trong tranh luận truyền hình đợt vận động tranh cử tổng thống, Reagan hỏi người xem câu đơn giản: “Cuộc ... Ơng đẩy mạnh vai trò mang tính định liên bang tài quốc gia, thuyết phục thành cơng luận điểm gây tranh cãi tồn liên bang việc tốn đầy đủ khoản nợ Chiến tranh Cách mạng bang, mà phần lớn số định...
... consulted for methodology and analysis and revised the manuscript for its intellectual content AS contributed to the conception, design and interpretation ofthe study and critically revised the manuscript ... lower the prevalence of oral impacts The importance of oral health-related quality of life is particularly relevant for children Their perceptions are important as a number of their social and ... acceptable [19-21] On an important methodological point, the over-reliance on the actual value of Cronbach alpha forthe assessment of reliability ofan index should be open to further debate This...
... terms ofthe analytical rigour ofthe specific theories of which a system is formed and in terms ofthe relationships that link one theory to another The latter concerns the ability ofthe theoretical ... impossibility theorem Sen and the critique of utilitarianism Economic theories of justice 10.3 The Controversy on Marginalism in the Theory ofthe Firm and Markets 10.3.1 Critiques ofthe neoclassical theory ... neoclassical theory ofthe firm 10.3.2 Post-Keynesian theories ofthe firm 10.3.3 Managerial and behavioural theories 10.3.4 The neoclassical reaction and the new theories ofthe firm Relevant Works Bibliography...
... number of theories on the new forms of usury and the problem ofthe moral legitimacy of profits made on the finance market Canonists and preachers ofthe times raged violently against these speculative ... the theories of Malynes: it is the surplus or the deficit on the balance of trade which makes the rate of exchange vary, and not the other way round Rather than worry about the exchange rate, the ... in the hands ofthe craftsman), but rather because ofthe power he manages to exercise on the market The merchant’s profit originates from the difference between the selling and buying prices of...
... arguments, the price–specie-flow mechanism, the quantity theory of money, the theory ofthe growth ofthe volume of international trade, and the explanation ofthe diminution of interest as a real phenomenon, ... accumulation On the other hand, the additive theory of price, in that it encourages the abandonment ofan explanation based on the cost of production, seems to bring back the forces of demand as fundamental ... the theory ofthe surplus, and the microeconomic, based on the theory of competitive equilibrium The first, for example, is at the base of his theory of growth, and was in fact formulated in the...
... entrepreneurs to bankruptcy 3.3.4 Capital and the wages fund More than forthe explanation of wages, Mill’s theory ofthe wages fund is important forthe explanation of profit and ofthe role played ... by means ofthe theory of exchange, the phenomena both of production and distribution Production was considered as an exchange between the product and the productive efforts The costs ofthe goods, ... the vaults ofthe Bank of England Furthermore, the difficulties ofthe war and the Continental blockade made the export channels increasingly arduous and the supply of raw materials and wage goods...
... development ofthe Ricardian theses about the occupational effects ofthe introduction of machines) The increase in the ‘reserve army’ will then slow the growth in wages On the other hand, the use of ... epoch Thus, the ‘value ofthe labour power’ is equal to the value ofthe means of subsistence necessary forthe survival and the reproduction ofthe working class The capitalist enters the labour ... supply and demand for finance, the changes in hoarding and in the velocity of circulation, and the oscillations in the rate of interest From this principle comes the view that the rate of interest...
... hypotheses of complete information and perfect foresight The validity ofthe classical arguments with regard to the uniformity ofthe rates of wages and profits, and therefore the validity of their theory ... administration ofthe household, but that ofthe State; no longer the study ofthe causes ofthe enrichment ofthe individuals, but that ofthe nation, the people, and the merchant class It is significant ... substitutability of one basket of goods for another is assumed; in the theory of production, the substitutability of one combination of factors for another The analysis is carried out in terms ofthe alternative...
... demand forthe whole economy by a process similar to that ofthe Keynesian multiplier The financing ofthe investments over and above current savings is effected by an expansion of bank credit and ... currentaccount bank deposits, V the rate of turnover ofthe deposits, and T the transactions No other mathematical formula in the whole of economics, nor, perhaps, in any other discipline, with the exception ... importance In any case, the natural rate of interest could be considered constant during the cumulation process Another important aspect of Wicksell’s thought concerns the theory of public finance and...
... control and the regulation oftheprocessof formation and allocation of savings He put forward the idea that the State should take on the role of ‘concerted and deliberate management’ ofthe economy, ... monetary rather than a real variable, and to determine it by the forces of supply and demand for money In the ‘Cambridge equation’ the quantity theory was formulated in terms ofthe quantity of liquid ... demand forthe whole economy by a process similar to that ofthe Keynesian multiplier The financing ofthe investments over and above current savings is effected by an expansion of bank credit and...
... decisions on the behaviour of other firms ofthe group, on the one hand, and the hypothesis that demand and cost curves are basically the same for every productive unit, on the other, not justify ... permanent series of seminars, the Mathematisches Kolloquium, which were attended by many ofthe most important mathematicians and logicians ofthe period, including Godel, ¨ Alt, von Neumann, and ... exogenously, M ¼ M The variables Y and i represent the income and the rate of interest respectively By equating the supply and demand for savings and the supply and demand for money, the following...
... that of demand q0 and q1 are the ‘effective’ supply and demand in the two cases; qà is the ‘notional’ demand Two hypotheses are made to define the method of exchange The first is the hypothesis of ... tackled in the 1950s and 1960s: those ofthe consumption function, the demand for money function, the theory of inflation, and the theory of growth 9.2.2 Refinements: the consumption function The consumption ... of monetarist theory Friedman argued that the quantity theory had to be interpreted as a theory of demand for money and not as a simple explanation ofthe price-level Only with the addition of...
... depends on the characteristics and the history ofthe industry, the type of goods produced, the laws in force, and the general state ofthe economic system In other words, the understanding ofthe specific ... important results ofthe ‘marginalist controversy’ are two groups of theories: the post-Keynesian theories and the managerial-behavioural theories Then, from the late 1960s, the economic theory of ... This means that the managers ofthe large firms have the power to lay down company policy without any supervision by the shareholders In an important work, The Theory ofthe Growth ofthe Firm...
... intensity of a certain factor, there will be an increase in the price of that good, but also in the demand and the remuneration ofthe factor in question, and, consequently, the prices of all the other ... conflict on the transformations ofthe State itself Harry Braverman in Labour and Monopoly Capital (1974), dealt with the problem ofthe effects of mechanization and managerial control of companies ... modifies the results ofthe theorem in the sense that there is a different price system for each different value ofthe interest rate The ‘dynamic’ character ofthe theorem would consist ofthe possibility...
... size of its own slice ofthe cake But the rules ofthe game prescribe that neither can take the whole cake Neither ofthe two slices can increase indefinitely at the expense ofthe other In the ... 501 developed in the ‘eighties: the theory ofthe monetary circuit and the analysis of structural change The theory ofthe monetary circuit develops the special Marxian view ofthe circular flows, ... the form of a theory ofthe laws of movement ofthe capitalist mode of production The law of increasing relative poverty explains the tendency ofthe wage share to diminish in the long term and...
... 28 537 quantity of labour commanded, quantity of embodied labour 70 quantity of money to value of transactions, mercantilist economists and 40 quantity theory 38, 45, 63 quantity theory of money ... trading and tagging 26 theory of profit and 71 theory of wages, theory of income distribution and 171 theory of wages-fund, developed by followers of Ricardo 115, 171 thesis of trade-off 410 ... and Monopoly Capital (1974) 451 Buchanan, J 476 Limits of Liberty: Between Anarchy and Leviathan (1975) 479 Buchanan and Tullock, public choice School and 478 Buchanan and Tullock, Calculus of...