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Karel Engliš (1880 – 1961) one of the most prominent Czech economists, politicians and statesmen of the period between the two world wars died fifty years ago on the 30th of June 1961. He is valued for his contribution to the development of the economic theory as well as for his very...
Persistent link: https://www.econbiz.de/10011194732
Prospects for the development of an alternative macroeconomic theory are associated with the provisions that the dynamics of the economy is determined by the change of generations of capital and that there is a problem of coordination between different generations of capital. The circulation and...
Persistent link: https://www.econbiz.de/10010860886
This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for. An analytical method is proposed to accomplish this...
Persistent link: https://www.econbiz.de/10011259280
This essay provides a critical Marxist reformulation, internal to the cultural tradition of Western Marxism, of Marx’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in favour of a ‘mixed’ labour-and capital...
Persistent link: https://www.econbiz.de/10011259412
This study identifies a set of elements that determine the development of banking penetration, emphasizing macroeconomic, structural and institutional factors. The study also offers some recommendations aimed at promoting credit and savings in Peru. Specifically, the study identifies how to...
Persistent link: https://www.econbiz.de/10010784827
of this study is that banking institutions must assume the role of leading a serious process of increasing banking …-bank financial institutions, such as savings banks, mutual societies, cooperatives and non-governmental organisations, in reaching … specific population segments. However, such non-bank institutions face a number of structural limitations in becoming agents …
Persistent link: https://www.econbiz.de/10010784856
Financial sector is a vital segment of an economy. To elucidate its role in economic growth, this paper empirically examines its role for Asian countries. We examine and quantify this long run relationship for a sample of 12 Asian countries with data on relevant variables for a large time...
Persistent link: https://www.econbiz.de/10011183619
This paper studies the impact of remittances on investment. Workers’ remittances to developing countries have grown to be an important source of financing, amounting to around $300 billion a year. The funds are used for both consumption and investment in the home countries of the migrants. The...
Persistent link: https://www.econbiz.de/10008626057
sound informal institutions that would have supported material progress among the subject Filipinos. As a result, Rizal … viewed the reform of formal institutions as a necessary but insufficient condition for promoting the country’s economic …
Persistent link: https://www.econbiz.de/10010668014
traditional literature, principally through the leading role of both the cognitive process of decision-making, and of institutions … process of its participants is described as a mechanism for forming expectations based on institutions outside the market …
Persistent link: https://www.econbiz.de/10009151578