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Okun’s Law as a Pi-to-1 ratio: A harmonic / trigonometric theory as to why Okun’s Law works
Albers, Scott - Volkswirtschaftliche Fakultät, … - 2013
“Okun’s Law” states a 3:1 proportion between percent growth in U. S. real GNP and percent decrease in the rate of unemployment. This paper argues that this ratio is actually a Pi:1 proportion, heretofore unrecognized because it is displayed through a form of mathematic / harmonic inverse....
Persistent link: https://www.econbiz.de/10011260030
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The missing macro link
Caverzasi, Eugenio - 2013
the expenditure of firms for investment is at the same time a source of income for the firms producing capital goods … micro analysis of investment at the macro level. The aim of this paper is to clarify the consequences of debt …-financed with no distributed profits, (2) debt-financed with distributed profits, (3) internally financed with no distributed …
Persistent link: https://www.econbiz.de/10009703668
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Functional finance : a comparison of the evolution of the positions of Hyman Minsky and Abba Lerner
Wray, L. Randall - 2018
This paper examines the views of Hyman Minsky and Abba Lerner on the functional finance approach to fiscal policy. It argues that the main principles of functional finance were relatively widely held in the immediate postwar period. However, with the rise of the Phillips curve, the return of the...
Persistent link: https://www.econbiz.de/10011794285
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Reforming capitalist democracies : which way?
Bhaduri, Amit - 2020
-led growth in this paper. The inherent tension between providing sufficient profit incentive to motivate investment by the …
Persistent link: https://www.econbiz.de/10012209094
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Reforming capitalist democracies: Which way?
Bhaduri, Amit - 2020
-led growth in this paper. The inherent tension between providing sufficient profit incentive to motivate investment by the …
Persistent link: https://www.econbiz.de/10012211612
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La crítica de Hicks al Tratado del Dinero de Keynes
Arias, Alexander Tobón - In: Lecturas de Economía (2004) 61, pp. 121-130
present the model of Keynes to show that the equality between investment and saving is a monetary equilibrium condition and …
Persistent link: https://www.econbiz.de/10005606923
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LOGISTICS MANAGEMENT IN THE CONTEMPORARY ECONOMY
SARBU, Ion - In: ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal (2014) 1, pp. 41-45
The evolution of logistics management as a system in the recent decades can be characterized by the influence of the globalization processes and the economic integration in the European Union. Systemic logistic approach ensured revolutionizing the optimization of the logistics chain. Logistics...
Persistent link: https://www.econbiz.de/10010860735
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Foundations of the economic and social history of the United States: Apologia
Albers, Scott - Volkswirtschaftliche Fakultät, … - 2013
This set of three volumes argues that the mind – human consciousness – may be measured by considering mathematically the aggregate of that consciousness, i.e. social history. From this beginning theme of discussion three questions must arise. 1. How might this measurement be made? 2. Of what...
Persistent link: https://www.econbiz.de/10011259509
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Foundations of the economic and social history of the United States: Empirical
Albers, Scott - Volkswirtschaftliche Fakultät, … - 2013
I argue that a form of consciousness may be found in American economic history, one which is both mathematically demonstrable and important. In this book I present a model of economic and political growth based upon systematic addition. We begin with a philosophic model of trade (pp. 34-46);...
Persistent link: https://www.econbiz.de/10011259667
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Predicting crises: Five essays on the mathematic prediction of economic and social crises
Albers, Scott - Volkswirtschaftliche Fakultät, … - 2012
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...
Persistent link: https://www.econbiz.de/10011260672