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Because Hayek’s view goes beyond the Walrasian framework, his descriptive arguments on socialist planned economies are prone to be misunderstood. This paper clarifies Hayek’s arguments by using them as a basis to construct a model of total factor productivity. The model shows that...
Persistent link: https://www.econbiz.de/10008855541
This paper estimates the economic returns to education in China from 1989 to 2009, using the China Health and Nutrition Survey (CHNS) dataset. We find that education returns for one additional year generally increase from 2.6% in 1989 to 7.9% in 2009. Education returns, however, may reflect...
Persistent link: https://www.econbiz.de/10011258797
The rapid and massive increase in rural-to-urban worker flows to the coast of China has drawn recent attention to the welfare of migrants working in urban regions, particularly to their working conditions and pay; serious concern is raised regarding pay discrimination against rural migrants....
Persistent link: https://www.econbiz.de/10005040690
characterized by the fact that the accumulation increasingly wear on knowledge. First, we will explain and argue our position with … autonomous actor and principal of all current changes of capitalism. Moreover, rather than revolution, the knowledge economy …" promised to developing countries. A key point is reported on the issue of knowledge production. Often discussed bias, this …
Persistent link: https://www.econbiz.de/10011271318
Penang has always been a focal point, absorbing knowledge (and popular culture) from civilizations to the East and West … the development of Penang as an increasingly important Asian knowledge hub. One of the highlighted results of our paper …
Persistent link: https://www.econbiz.de/10009328144
‘professionalism’ from where the journey begins. The art of being a good professional is having a blend of appropriate knowledge …
Persistent link: https://www.econbiz.de/10009401068
). Tabula rasa is the epistemological study that a human is born with no built-in mental content and that human knowledge comes …
Persistent link: https://www.econbiz.de/10009369622
This paper summarizes the theory of knowledge from the book of the same title by the same author. The paper begins by … asking, and answering, what knowledge is. In searching for precise definitions it rids itself of the ambiguous term of … infinity. The seven main laws of knowledge are laid out and discussed. The theory is an economic theory and as such must …
Persistent link: https://www.econbiz.de/10005786887
consider a process of knowledge obsolescence / depreciation that is similar to the depreciation process of physical goods. As a … returns prevail). In this paper, we introduce a new assumption about the generation of knowledge, which involves entropy, i ….e., introducing additional knowledge to generate more knowledge becomes counterproductive after a given point. The new assumption is …
Persistent link: https://www.econbiz.de/10005787052
justice are very different. This paper focuses on the issue of the knowledge and motivation necessary to fight poverty. We … suggest that the Wresinski approach advocating an in-depth knowledge of the poor and of the obstacles that they face in their …
Persistent link: https://www.econbiz.de/10005789235