The legal theory of finance and the financial instability hypothesis: Convergences and possible integration This article presents the legal theory of finance (LTF) and compares it with the financial instability hypothesis (FIH), identifying points of convergence ... M Reis,D Vasconcelos - 《Journal...
The real exchange rate and the structure of aggregate production This paper proposes a new, production theory approach to the determination of the real exchange rate, which is defined as the relative price of traded to n... U Kohli,JM Natal - 《Journal of Productivity Analysis》 被引量: 5...
Another thing: the rich do not simply wallow in money vaults like Scrooge McDuck. They spend. According to Harvard economist Greg Mankiw:“A plausible estimate of the marginal propensity to consume out of wealth, based on both theory and empirical evidence, is about 3 per cent.” Instead of...
The Economic JournalPasinetti, Luigi L. 1970. ‘Again on Capital Theory and Solow’s “Rate of Return” ’. Economic Journal. June, 80:318, pp. 428–31.Again on Capital Theory an...
a家境贫穷 The family circumstances are poor[translate] aturret 塔楼[translate] athe required rate of return is the minimum percentage return acceptable to cover a project’s cost of capital and risk. 必需的回报率是最小百分率回归可接受覆盖项目的集资费用和风险。[translate]...
levelsofeducationandtheincreaseinincomeaftergraduation,soastocalculatetherateofreturnoneducation.Histhesisisregardedasthefirstformalpaperofwesternresearchandeducationaleconomics.In1960,hepublishedtheinvestmentofhumancapital,andpublishedtheeconomicvalueofeducationin1963.Hefoundedthetheoryofhumancapital.Themainrepresentatives...
One of a firm's first tasks when it's presented with a capital budgeting decision is to determine whether the project will prove to be profitable. The payback period (PB), internal rate of return (IRR), and net present value (NPV) are the most common metrics used in project selection....
Rate of return on current assets should be related to the rate of return on working capital that is linked to the cost of capital and the required rate of return. The results indicate that there is a positive relationship between the return on current assets and cash conversion cycle, a ...
We may also note this second fact, which will have more meaning as the course unfolds: in the stock market the net present value of any security, which we may buy, is zero. (This is one of the paradoxes of finance: it states that, in theory, there is no way to create value for ...
SECTION 1 The Labour-Process or the Production of Use-ValuesSECTION 2 The Production of Surplus-ValueCHAPTER 8 Constant Capital and Variable CapitalCHAPTER 9 The Rate of Surplus-ValueSECTION 1 The Degree of Exploitation of Labour-PowerSECTION 2 The Representation of The Components of the Value of...