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: After having pointed out the diverse uses of the term "infrastructure" in the literature on the market-economy, the different categories of infrastructure will be described. The argument in this context is that the classification of infrastructure suggested by Jochimsen has proved useful:...
Persistent link: https://www.econbiz.de/10004980035
Infrastructure is the economic growth framework 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/10005002698
In the growth context, this paper concentrates on the supply-demand determination of regional equilibrium incomes in regional goods markets as a framework for discussing the implications of competition among regions. Prices at the regional and national level are fixed so that all variables are...
Persistent link: https://www.econbiz.de/10005170749
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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/10005429902
Persistent link: https://www.econbiz.de/10000086538
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
Persistent link: https://www.econbiz.de/10003504856