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Principle of uncertain future and utility
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2007
, the equity premium puzzle, etc. The principle and its consequences can be applied in the fields of banking, investment …, insurance, trade, industry, planning and forecasting. Explanations of the principle and examples of solution of three types of …
Persistent link: https://www.econbiz.de/10005835639
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Education as a driver of income inequality in twentieth-century Africa
Van Leeuwen, Bas; van Leeuwen-Li, Jieli; Foldvari, Peter - Volkswirtschaftliche Fakultät, … - 2012
In this paper, we address the issue of how education affected income inequality in twentieth-century Africa. Three channels are identified through which education may affect income inequality. First, an increase in the average educational level is correlated with an increase in average income,...
Persistent link: https://www.econbiz.de/10011112127
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How to end to the debt crisis in one month
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level...
Persistent link: https://www.econbiz.de/10009203644
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Governance & Economic Growth
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
This paper looks at some of the fundamental ideas in contemporary economics such as the basic economic problem, opportunity cost and allocation a person is expected to encounter when they are first introduced to economic theory. It attempts to explain how the manner in which these concepts are...
Persistent link: https://www.econbiz.de/10008685377
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Market Myths in Contemporary Economics
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...
Persistent link: https://www.econbiz.de/10008685520
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Governments in economic crisis: What is the 99% and why does it exist?
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2012
What is the 99% and why does it exist? In this paper an attempt is made to explain why socio-economic unrest remains a modern problem. An effort has to be made to understand the origins of strife in systemic design of modern economics. Without this knowledge it may not be possible to fix the...
Persistent link: https://www.econbiz.de/10011111415
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The Origin of Wealth
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
What is wealth? This paper proposes wealth and poverty are opposite sides of the same coin and to know the source of one is to understand the cause of the other. It delves into the premise that if contemporary economics could consummately answer the question: what is wealth? scarcity, economic...
Persistent link: https://www.econbiz.de/10008534544
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Financing the doubling of GDP in one year at constant price
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
why scarcity may remain unresolved by economics as a result of how history and the machinations of business have evolved …
Persistent link: https://www.econbiz.de/10008548839
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Can Insurance Companies Control their financial stability? Practical Solutions
Cristea, Mirela - Volkswirtschaftliche Fakultät, … - 2008
Taking into account the actual economic situation of the world with numerous financial crisis, the insurance companies … present paper proposes mathematical calculation, through which different solution may be given in order to optimize insurance … insurance, resting on its comparisons, analysis and conclusions, and for the insurance companies, being meant to improve their …
Persistent link: https://www.econbiz.de/10005836019
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Can Insurance Companies Control their Financial Stability? Practical Solutions
Cristea, Mirela - Volkswirtschaftliche Fakultät, … - 2008
Taking into account the actual economic situation of the world with numerous financial crisis, the insurance companies … present paper proposes mathematical calculation, through which different solution may be given in order to optimize insurance … insurance, resting on its comparisons, analysis and conclusions, and for the insurance companies, being meant to improve their …
Persistent link: https://www.econbiz.de/10005836220