Standard economic analysis assumes that people make choices that maximize their utility. Yet both popular discourse and other fields assume that people sometimes fail to make optimal choices and thus adversely affect their own happiness. Most social sciences thus frequently describe some patterns of deci...
Individualism as a principle of the philosophical, praxeological, and historical analysis of human action means the establishment of the facts that all actions can be traced back to individuals and that no scientific method can succeed in determining how definite external events, liable to a descrip...
Ignorance of the Inquisitors prevented them from understanding that these Templars were acting according to the Biblical injunction that Christians should not worship any graven idols.* A very old story, but one that illustrates my point, that those who know that they know all to often act in ...
The basic characteristic of the national income accounts is that they measure the level of economic activity in terms of both product supplied and of income generated. Correspondingly, national income analysis divides the economic system into distinct sectors. The simplest approach uses two sectors: a...
the combination weights can be obtained through principal component analysis. In this article, we propose to incorporate expert opinions into the construction of the composite index. It is noted that expert opinion often provides useful information in assessing which of the component indices are more ...
Inequality itself is not a particularly strong predictor ofeconomicmobility, as sociologist Scott Winship noted in a recent article based on his analysis of this data. 出自-2015年12月阅读原文 Economicinequality is the defining challenge of our time. ...
depending on the induction. We thus re-ran a third factor analysis excluding these variables. The resulting 2-factor structure continued to have satisfactory fit (RMSEA = 0.063 TLI = 0.88) and measurement invariance suggested that it was also stable across the inductions: neither the lo...
It can be concluded that the long-run elasticities of non-oil value added with respect to budget expenditures and non-oil employment are around 0.20 and 5.00, respectively. 6.4. Short-Run Analysis: Error Correction Model (ECM) Estimation ...
Further analysis showed that an optimized electricity price policy was more effective than the current policies and could avoid a significant drop in government revenue. Our findings also brought some targeted policy implications: (1) Considering the limited policy effect, the government should avoid ...
with the result that the US population is lower in 2029 than it is today. A total of US$1.35 trillion is cut from federal government spending, achieved through deep cuts to Medicaid transfers, social security payments, and income security programs, representing a big decrease in the living sta...