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Infrastructure is the economic growth theory of the market economy. The missing comprehensive approach to infrastructure corresponds to the practiced neglect of the long-term policy objective of economic growth in the economic order of the German social market economy since its creation after...
Persistent link: https://www.econbiz.de/10003867978
In the postwar period until today the call for more intensive economic growth, again and again, enjoyed a substantial popularity in the world of politics, in particular with reference to possible current solutions of given economic problems. Here growth considerations and decisions in the past...
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The main objective of this paper is a systematic representation of the basic theorems on line integrals to derive consistent and unique measures of welfare change. We describe the conditions of path independence, starting from the theoretical background of the Marshallian demand function, and...
Persistent link: https://www.econbiz.de/10011615413
We discuss the relevance of the concept of rational behavior in economic theory and suggest, on the basis of modern brain research results, to abstain from this notion and instead to apply behavioral rules of thumb in decision-making, especially if these rules can be derived from rational...
Persistent link: https://www.econbiz.de/10011615811
In view of regional income disparities this paper discusses alternative allocation strategies of regional economic growth policy: "movement of the workers to the Jobs" (passive factor stocks adjustment) versus "Jobs to the workers" (active factor stocks adjustment). For policy evaluation of this...
Persistent link: https://www.econbiz.de/10011616009
This second part of the paper refers to a model, described in Part I, that has been designed to analyze alternative allocation strategies of regional economic growth policy: "movement of the workers to the jobs (passive factor stocks adjustment) or jobs to the workers" (active factor stocks...
Persistent link: https://www.econbiz.de/10011616013
After having given a brief overview of important applications of recursive programming models which aim at partial optimization in economic dynamics: we present a reduced version of a type of recursive regional and sectoral allocation models suggested by Rainer Thoss. Then we discuss the...
Persistent link: https://www.econbiz.de/10011613933