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Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in which money is necessary as a means of payment....
Persistent link: https://www.econbiz.de/10005561133
determines voting in the Senate, with the main dimension driven by economic interest, not ideology. Although two dimensions are … reported evidence, and a growing consensus in the congressional studies literature, this finding is attributed to interest …
Persistent link: https://www.econbiz.de/10005408037
credit in a growing economy. Third, the rate of interest in Marx’s economics is conceived of as a monetary category … interest. From this it follows, that any “real theory” of crisis and stagnation, as the falling rate of profit theory of crisis …
Persistent link: https://www.econbiz.de/10005076655
and when necessary to redefine, the “conventional” key concepts such as labor, capital, interest, rent, and accordingly …
Persistent link: https://www.econbiz.de/10005119387
POWERED BY THE DEVELOPMENTS IN NEW TECHNOLOGY APPLICATIONS, THE WORLD IS MOVING RAPIDLY TOWARDS KNOWLEDGE … ELECTRONICALLY AND IN INTERDEPENDENT RELATIONSHIPS. KNOWLEDGE, EDUCATION AND TECHNOLOGICAL INNOVATIONS PRESENT OPPORTUNITIES FOR … IS EMPOWERING IN THE 21ST CENTURY, IT IS THE ACQUISITION OF KNOWLEDGE AND THE CREATION OF TECHNOLOGICAL CAPACITY FOR THE …
Persistent link: https://www.econbiz.de/10005556113
agglomeration economies, a knowledge variable is assumed. Returning to a two location economy one is able to assess in graphical … terms the relation between distribution of knowledge and location of economic activities. …
Persistent link: https://www.econbiz.de/10005556197
motivations in support of federalism, namely, incentives and knowledge. Second, it succinctly discusses the incentive … rests on a knowledge motivation. The underlying theme is that the SGT should include both the incentive and knowledge … motivations for fiscal decentralization. …
Persistent link: https://www.econbiz.de/10005556973
This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...
Persistent link: https://www.econbiz.de/10005561047
This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …
Persistent link: https://www.econbiz.de/10005561473
dominate the phenomenon of knowledge diffusion in the process that is called ‘interactive learning’. We examine how knowledge … distribution of knowledge diffusion. We will show how these factors can be classified as follow: (1) learning strategies adopted by … their relative initial levels of knowledge. We shall also attempt to single out the relative effect of each of the above …
Persistent link: https://www.econbiz.de/10005125585