Sentences with phrase «economic calculation in»

In addition to «The Forgotten Depression,» Ludwig von Mises published Economic Calculation in the Socialist Commonwealth in 1920.

At the same time, Ludwig von Mises published an article in 1920 called «Economic Calculation in the Socialist Society» and a 1922 book, Socialism: An Economic and Sociological Analysis, arguing that comprehensive central planning of the economy would be disastrous because central planners lacked market prices and market institutions to inform their actions, hence they would waste resources on a vast and even fatal scale.

Not exact matches

According to its CEO, Vodafone invested in data towers in India even though early economic calculations didn't seem profitable.

The Association explained that it includes those in its calculation because it wants to show the industry's economic contribution.

Last year, median household income in the United States was $ 59,039 — lower than the $ 59,992 median in 2007 or the $ 60,399 median income in 2000 — based on calculations by the Economic Policy Institute using Census data.

If real GDP were to increase at 10.3 % instead of 2.5 % in 2015, then the government should receive, at a minimum, an extra $ 6.6 billion in tax revenue thanks to economic growth (this calculation assumes that nominal GDP grows at the same proportion as real GDP; it is more likely that nominal GDP would rise even higher as such quick economic growth would be inflationary, pushing that $ 6.6 billion figure even higher).

All in, a back of the envelope calculation suggests that Amazon contributed a little under 5 % of the Seattle region's economic output during this period.

The previous post presented Hayek's knowledge problem in the context of the economic calculation debate under socialism.

Demographic and economic changes, along with the low interest rates that followed the financial crisis, have upended the calculations that many Canadians made in planning for retirement.

In the 50,000 10 - Ks reviewed by New Constructs, we have almost never seen as clear an articulation of the focus on economic earnings nor as much detail on the calculations.

In any case, as transportation costs rise, even narrowly economic calculations will cease to count in favor of the present globalized systeIn any case, as transportation costs rise, even narrowly economic calculations will cease to count in favor of the present globalized systein favor of the present globalized system.

But calculations of this sort play very little role in economic theory and practice.

Although one could argue that we are wrong in subtracting certain things or in using the values we do at various points, and so claim that economic welfare has in fact not declined in recent years, it would be equally possible to reintroduce leisure into our calculations and end up with figures indicating a more drastic decline.

The students Brooks examined in 2001, who had entered adolescence after the fall of the Berlin Wall, spent their formative years in a world predicted by Francis Fukuyama in 1992: «The struggle for recognition, the willingness to risk one's life for a purely abstract goal, the worldwide ideological struggle that called forth daring, courage, imagination, and idealism, will be replaced by economic calculation, the endless solving of technical problems, environmental concerns, and the satisfaction of sophisticated consumer demands.»

In the WABA ’98 Action Sheet, WABA cautions that «economic calculations underestimate the larger value of breastfeeding.

Forecast calculations based on data from 2013 - 2017 in Economic and Fiscal Outlook December 2013, OBR, Tables 4.1 and 4.19.

This was strategic development — a calculation that a strong solar sector would do more for the economy in the long term — whereas support for wind power made more immediate economic sense.

The economy in TVP is in fact planned but fully expects the use of advanced computer systems to do the economic calculation since otherwise this task is - as it is well known - considered impracticable in complexity.

«It's a delay of economic growth but it is not sacrificing economic growth,» Edenhofer noted, adding that this calculation does not take into account related benefits, such as a reduction in deadly air pollution and saved human lives, or salvaged nature.

The calculation model the authors used includes economic benefits for producers and consumers as well as the benefits of reduced malnutrition among subsistence farm - households often not explicitly considered in previous studies.

In fact, a simple economic calculation shows that Mary's $ 1 was really worth $ 2.86 in an apples - to - apples comparison with Mike'In fact, a simple economic calculation shows that Mary's $ 1 was really worth $ 2.86 in an apples - to - apples comparison with Mike'in an apples - to - apples comparison with Mike's.

The results of such calculations, using standard economic assumptions and actuarial survivor probabilities, are shown in Figure 1, where we plot the growth of pension wealth over the career cycle for a typical educator in Missouri under three different promotion scenarios, in 2012 dollars.

In the study, which tracks economic - growth patterns from 1970 to 2000, researchers found that the link between national productivity and high test scores weakens and, in some years, disappears when the so - called «Asian Tigers» — Hong Kong, Japan, Singapore, and South Korea — are removed from researchers» calculationIn the study, which tracks economic - growth patterns from 1970 to 2000, researchers found that the link between national productivity and high test scores weakens and, in some years, disappears when the so - called «Asian Tigers» — Hong Kong, Japan, Singapore, and South Korea — are removed from researchers» calculationin some years, disappears when the so - called «Asian Tigers» — Hong Kong, Japan, Singapore, and South Korea — are removed from researchers» calculations.

According to our calculations, raising student test scores in this country up to the level in Canada would dramatically increase economic growth.

There's also quantitative analysis which, with the help of computer programs, statistics and mathematical calculations analyses certain economic variables in order to identify trends.

However, backtested data may reflect the application of the index methodology with the benefit of hindsight, and the historical calculations of an index may change from month to month based on revisions to the underlying economic data used in the calculation of the index.

And these costs — or as they are known in economic jargon, externalities — are not factored into the individual borrower's calculations.

Those pushing for a rising price (via a tax or cap) on emissions make the economic case that as long as the environmental costs of burning fossil fuels (or cutting forests) aren't reflected in the accounting calculations driving those activities, «burn baby burn» will remain business as usual.

As usual with intricate, headache - inducing calculations that involve the global carbon budget, the researchers had to think about the economic costs of such steps, and factor in the most cost - effective solutions.

Benestad also noted a post from climate blogger Tim Lambert, who pointed out an error in the calculation of area weighting (a mixup of radians and degrees) that almost doubled the portion of warming trend attributed by McKitrick to economic factors, despite McKitrick's claim that the correction «hardly changed the results» (hat tip to Frank O'Dwyer).

David Roberts, now writing on climate and energy at Vox, wrote a much - cited column for Grist a few years ago dissecting economic calculations used to determine how much it is worth today to limit climate - related harms generations in the future.

But because the U.S. is now at that ultimate peak, there's greater uncertainty in the study's calculations than in places like India, Pakistan, Vietnam, Nigeria and Venezuela where it's already hot and there's more certainty about dramatic economic harm, Hsiang said.

Ehrlich predicted dire consequences, but the resource depletion, mass famine and economic collapse he saw in his calculations failed to materialise.

The University of Earth, Urgent Action Series: COP 21 Paris 2015: Dr Georg Kaser of Innsbruck University, an expert in glaciers and global warming, explains the uncertainty calculation, a scientific tool needed to gather reliable results, and anthropogenic forcing, which is a change in the Earth's energy balance due to human economic activities.

What is the value of an integrated assessment model that combines highly unlikely physical scenarios with an economic model that does economic calculations based on numbers that are throughout pure guesswork, and does that furthermore in a way that overemphasizes highly the part of the period on which we know as little as 19th century people knew about today?

That means global economic growth of 2.94 per cent per year, in contrast to three per cent growth in a fictional future where there is no climate change (known as a baseline scenario), according to the IPCC's calculations.

Andrew G. Keeler, who until June 2001 was on the president's Council of Economic Advisers and has since returned to teaching at the University of Georgia, said the Clinton administration had also played with economic calculations of the costs of curbing carbon dioxide emissions, in its case to show that limiting emissions would not be exEconomic Advisers and has since returned to teaching at the University of Georgia, said the Clinton administration had also played with economic calculations of the costs of curbing carbon dioxide emissions, in its case to show that limiting emissions would not be execonomic calculations of the costs of curbing carbon dioxide emissions, in its case to show that limiting emissions would not be expensive.

In both cases, there is substantial uncertainty about the things we most care about and in fact, in the case of climate change, Martin Weitzman's Dismal Theorem concludes that calculations of the expected economic cost of climate change are dominated by the mathematical details of the low - probability / catastrophic - consequence tail of the probability distributioIn both cases, there is substantial uncertainty about the things we most care about and in fact, in the case of climate change, Martin Weitzman's Dismal Theorem concludes that calculations of the expected economic cost of climate change are dominated by the mathematical details of the low - probability / catastrophic - consequence tail of the probability distributioin fact, in the case of climate change, Martin Weitzman's Dismal Theorem concludes that calculations of the expected economic cost of climate change are dominated by the mathematical details of the low - probability / catastrophic - consequence tail of the probability distributioin the case of climate change, Martin Weitzman's Dismal Theorem concludes that calculations of the expected economic cost of climate change are dominated by the mathematical details of the low - probability / catastrophic - consequence tail of the probability distribution.

In the course of calculating the economic harms of climate change, moreover, everyone knows such calculations are incomplete.

As for the economic impact of mitigating climate change, Stern's 1 percent of GDP calculation rests upon an assumption of stabilization of emissions in the next 10 to 20 years, which he says would make a temperature rise above 4 degrees Celsius unlikely.

While the LSUC has undertaken numerous efforts to boost the number of available articling positions, the default logic remains primarily market - based in the sense that private lawyers who are eligible to serve as principals (and it is private lawyers who make up the vast bulk of principals) are entitled to decide for themselves, on the basis of their own private economic calculations, whether to devote any of their money, time and other practise resources to experiential training.

Calculation of economic damages under the Wrongful Death Act is based, in part, on the deceased individual's age, life expectancy, earnings capacity, and character.

It is suggested that to ignore economic factors in the calculation would be a mistake.

Writing successful programs requires insurers to forecast the long range vicissitudes of risks and exposure — difficult calculations in the current economic climate.

It may be due to current economic pressures that Duxbury calculations seem to be less prevalent; nonetheless, there will be cases in which capitalisation of periodical payments is appropriate and the court will have regard to the various elements required to calculate a Duxbury sum pursuant to the court's duty under the Matrimonial Causes Act 1973 (MCA 1973), s 25A to consider a clean break.

Not included in the calculations was any assessment of the impact of such a move on domestic sales in the current political climate and economic climate.

The phenomenon is simple to describe: virtually no participant in Bitcoinland conducts economic calculations (such as pricing) for any goods or services in cryptocurrencies such as bitcoin.

In this cover letter, you need to highlight your managerial qualities, your economic awareness, market system analysis, excellent judgment in predictions of the dynamic market and calculationIn this cover letter, you need to highlight your managerial qualities, your economic awareness, market system analysis, excellent judgment in predictions of the dynamic market and calculationin predictions of the dynamic market and calculations.

However, as the New Jersey Supreme Court stated in the case of Mani v. Mani, 183 N.J. 70 (2005), in a case where the spouse claiming the right to alimony engages in fault which affects the parties» economic life, the fault may be considered in the calculation of alimony.