Business economics is a branch of applied economics that deals
with the economic theory and quantitative methods.
Our approach to valuing pensions, which considers both the generosity and the risk of pension benefits, is entirely consistent
with economic theory, the way in which liabilities of all types are valued in the private sector, public - sector accounting standards in Canada and Western Europe, academic writings, and the judgments of officials at nonpartisan government agencies such as the Congressional Budget Office, the Federal Reserve, and the Bureau of Economic Analysis.
This doesn't fit
with economic theory, but it appears to be hard - wired into the brain.
Most of them took for granted the Western model of development, along
with the economic theory that supported it.
It is generally believed by those unfamiliar
with economic theory that credit expansion and an increase in the quantity of money in circulation are efficacious means for lowering the rate of interest permanently below the height it would attain on a non-manipulated capital and loan market.
Not people from outside that will be working
with the economic theories that are alien and not minding what they send to us, not even minding whether the weather in Nigeria and the weather in Europe and America are not the same.
Not exact matches
We followed up
with Stiglitz after the Davos panel, and he told us that Friedman's assertion «was not based on any
economic theory.»
Based on Gordon's interpretation of the Kondratieff
theory, the current global forecast calls for a long, cold
economic winter
with a 100 % probability of short - term total chaos.
The context here is that we're currently in the «Moving to Opportunity» era, which is fueled by the
theory that low - income families improve their lots when they're able to live in wealthier neighborhoods
with better
economic prospects.
Economic theory is most comfortable
with fully integrated systems in which prices and flows of goods and services along
with real and financial capital responding continuously and completely to market forces.
But it doesn't really fit
with the new Trump Administration's expressed
theories about trade and
economic policy.
As part of our continuing series of commentaries celebrating the 50th anniversary of Mel Watkins» classic article, «A Staple
Theory of
Economic Growth,» we present the following commentary by Marc Lee, economist with the B.C. office of the Canadian Centre for Policy Alternatives. Marc considers the implications — both economic and environmental — of the current -
Economic Growth,» we present the following commentary by Marc Lee, economist
with the B.C. office of the Canadian Centre for Policy Alternatives. Marc considers the implications — both
economic and environmental — of the current -
economic and environmental — of the current -LSB-...]
Is this idea not more aligned
with efficient
economic theory and the backbone of the laws that our forefathers built our country upon?
«I admit that I have always harbored an exaggerated view of my self - importance — to put it bluntly, I fancied myself as some kind of god or an
economic reformer like Keynes (each
with his General
Theory) or, even better, a scientist like Einstein» George Soros
However, should yields rise to a level more consistent
with history and
economic theory [eg Taylor rule], bond prices could fall a lot.
According to Australian economist William Mitchell, ``... the Japanese experience
with sustained high fiscal deficits, the world's largest public debt to GDP ratio, close to zero interest rates, and deflation, was totally at odds
with (neo-liberal)
economic theories.
Much like the crony capitalist elite dining in Davos, the fine purveyors of bogus
economic theory inhabiting the halls of the Marriner Eccles building are probably a tad bit concerned
with the recent rise in rates.
Anyone
with rudimentary knowledge of good
economic theory can explain why government price controls are a bad idea.
In 2011 some of his students were so fed up
with his refusal to include other
economic theories in his intro course that they walked out.
U.S. Tightens Security for
Economic Data (NYT) • Investors» 10 Most Common Behavioral Biases (Above The Market) • Yahoo: the challenges facing new boss Marissa Mayer (BBC News) •
With Low Supply, Asking Prices Rise for Fifth Straight Month (WSJ) you know my views on this • Game
Theory and Macroeconomics (Musings of the Sorts) • Government Spending and the Economy (Economix) see also Why is it so hard to raise taxes on the rich?
Political and
economic theories of communism have nothing to do
with atheism.
The neo-conservatives» quest for U.S. domination of the oil fields in the Middle East and of military and
economic geopolitics in that region aligns neatly
with the views of Harvard scholar Samuel P. Huntington, whose «clash of civilizations»
theory divides the world into the West vs. the Rest.
Local industries can not compete
with transnational corporations without the governmental support that the
economic theory forbids.
The way that human beings are actually bound up
with one another through kinship and friendship plays no role in Western
economic theory.
With a number of fellow pastors who became lifelong friends, Rauschenbusch studied, read, talked, debated and plumbed the new social theories of the day, especially those of the non-Marxist socialists whom John C. Cort has recently traced in Christian Socialism (Orbis, 1988) The pastors wove these theories together with biblical themes to form» «Christian Sociology,» a hermeneutic of social history that allowed them to see the power of God's kingdom being actualized through the democratization of the economic system (see James T. Johnson, editor, The Bible in American Law, Politics and Rhetoric [Scholars Press, 1985]-RRB- They pledged themselves to new efforts to make the spirit of Christianity the core of social renewal at a time when agricultural - village life was breaking down and urban - cosmopolitan patterns were not yet fully for
With a number of fellow pastors who became lifelong friends, Rauschenbusch studied, read, talked, debated and plumbed the new social
theories of the day, especially those of the non-Marxist socialists whom John C. Cort has recently traced in Christian Socialism (Orbis, 1988) The pastors wove these
theories together
with biblical themes to form» «Christian Sociology,» a hermeneutic of social history that allowed them to see the power of God's kingdom being actualized through the democratization of the economic system (see James T. Johnson, editor, The Bible in American Law, Politics and Rhetoric [Scholars Press, 1985]-RRB- They pledged themselves to new efforts to make the spirit of Christianity the core of social renewal at a time when agricultural - village life was breaking down and urban - cosmopolitan patterns were not yet fully for
with biblical themes to form» «Christian Sociology,» a hermeneutic of social history that allowed them to see the power of God's kingdom being actualized through the democratization of the
economic system (see James T. Johnson, editor, The Bible in American Law, Politics and Rhetoric [Scholars Press, 1985]-RRB- They pledged themselves to new efforts to make the spirit of Christianity the core of social renewal at a time when agricultural - village life was breaking down and urban - cosmopolitan patterns were not yet fully formed.
Nevertheless, I doubt that you agree
with those that underlie
economic theory or, for that matter, most of the other academic disciplines.
According to this
theory, economics is a «value - free» science, and the
economic world can be defined in terms of the competition for scarce resources between self - interested individuals
with unlimited wants.
Laudato Si, last week's encyclical from Pope Francis, seeks to address a plethora of problems in the modern world — predominately focusing on environmental issues, distributive justice, and perceived problems
with consensus developmental
economic theory.
It is an ideology seizing threads of environmental, social, racial, and
economic justice, and interweaving them
with strands of multiculturalism, gender discourse, gay rights, queer
theory, post-colonialism, and anti-capitalism.
(a) Philosophical preoccupation
with the various types of cultural activities on an idealistic basis (Johann Gottfried Herder, G. W. F. Hegel, Johann Gustav Droysen, Hermann Steinthal, Wilhelm Wundt); (b) legal studies (Aemilius Ludwig, Richter, Rudolf Sohm, Otto Gierke); (c) philology and archeology, both stimulated by the romantic movement of the first decades of the nineteenth century; (d)
economic theory and history (Karl Marx, Lorenz von Stein, Heinrich von Treitschke, Wilhelm Roscher, Adolf Wagner, Gustav Schmoller, Ferdinand Tonnies); (e) ethnological research (Friedrich Ratzel, Adolf Bastian, Rudolf Steinmetz, Johann Jakob Bachofen, Hermann Steinthal, Richard Thurnwald, Alfred Vierkandt, P. Wilhelm Schmidt), on the one hand; and historical and systematical work in theology (church history, canonical law — Kirchenrecht), systematic theology (Schleiermacher, Richard Rothe), and philosophy of religion, on the other, prepared the way during the nineteenth century for the following era to define the task of a sociology of religion and to organize the material gathered by these pursuits.7 The names of Max Weber, Ernst Troeltsch, Werner Sombart, and Georg Simmel — all students of the above - mentioned older scholars — stand out.
Still, this commitment is sufficiently prominent in the tradition to provide contemporary Buddhists
with a basis for protest against the
economic theory that the only value of animals is the price humans will pay for them and against the factory farming that this
theory supports.
I. Basic Assumptions of
Economic Theory I am honored to have been asked to address you
with regard to the World Trade Organization and China.
World - system
theory has emerged over the past fifteen years as leading contender
with modernization
theory.6 As the name suggests, world - system
theory emphasizes the larger set of social,
economic, and political relations that link societies together.
Economic theory goes on to identify this value
with the price paid for such objects in the market place.
Some suppose that as the limitations of
economic theory appear, new branches can be developed to deal
with them.
Adam Smith, the founder of classical liberal
economic theory, was also deeply concerned
with morality.
Economic theory was affected by the great scientific discoveries in physics, biology and psychology, and economic laws were presented with the same authority as laws of
Economic theory was affected by the great scientific discoveries in physics, biology and psychology, and
economic laws were presented with the same authority as laws of
economic laws were presented
with the same authority as laws of nature.
And, while most of the «people» held
with the compact
theory and limited government in Washington City, the bankers, manufacturers, and mercantilists of the North (the so - called «monied interests) embraced the obvious
economic advantages inherent in consolidation.
Classical and neo-classical
economic theory, in contrast
with Marxist economics, is also based on this atomistic individualism.
From this point of view, classical
economic theory from Adam Smith on, and Marxist
theory as well, are paradigmatically modern, and both of the scenarios derived from the accounts summarized above, instead of breaking
with the modern, carry it through
with a more thoroughgoing consistency than ever before.
Nevertheless, in actual practice both are largely governed by their
economic expressions and these involve both
theory and practice that are in marked tension
with the Christian understanding.
Although there are features of
economic theory that are «purely» scientific and value neutral, they are embedded in a wider context that is loaded
with value judgments.
Employing what Whitehead called the «fallacy of misplaced concreteness,» and relying at least implicitly on Whitehead's entire organismic worldview, Cobb (
with Daly) analyzes the deleterious abstractionism of virtually all modern
economic theories.
But Hayek's liberty - defending politics, if not the particulars of his
economic theories, grew to prominence
with the rise of Milton Friedman, Alan Greenspan, and the Reagan Revolution.
By examining 20 + years of betting line data
with our proprietary betting trends, we've developed profitable betting strategies based on cutting edge «market efficiency»
economic theory.
To what extent can a
theory of justice which is so similar in nature to
economic theory actually provide us
with meaningful insight into the demands of «justice of the marketplace»?
On the contrary: his moral philosophy and
economic theory are presented
with great rhetorical mastery, in consciously crafted phrases and memorable vignettes.
Both political
theories came to be pushed aside by ideologies that were deemed (mostly by those
with power) to better respond to the
economic and political realities of their time.
First, enshrine tea party austerity as New York's governing
economic theory,
with tax cuts for the wealthy, spending cuts and corporate subsides of a kind that Paul Ryan would love.
Yet some years later number
theory turned out to have important practical applications to cryptography,
with considerable military and
economic importance.