ECONOMIC THEORY, THE POLL TAX AND LOCAL SPENDINGFirst page of articledoi:10.1111/j.1467-9256.1989.tb00252.xArthur MidwinterJohn Wiley & Sons, Ltd (10.1111)PoliticsMidwinter, A. 1989. Economic theory, the...
Consumers strive to maximize utility or their needs and wants. Maximizing utility is a key tenet ofrational choice theory, which focuses on how people achieve their objectives by making rational decisions. The theory holds that people, given the information they have, will opt for choices that pr...
(1983) [50] and Bloom (2009) [51] pointed out that, according to the real option theory, if the investment is irreversibility and investment-income information updates over time, the uncertainty would increase the value of waiting options, which would hinder the current investment of enterprises...
One such theory isRicardian equivalence, named for David Ricardo’s work dating back to the early 1800s, which suggests that consumers internalize government spending decisions in a way that counterbalances stimulus measures. In other words, Ricardo argued that consumers will spend less today if the...
but China's academics have yet to provide a convincing response to these criticisms, and this may be due to the fact that China has yet to develop its own cohesive theory of economic diplomacy. Finally, China's economic diplomacy under the BRI has yet to be recognized by the international ...
Collectively these facts mean that we have a major advance in healthcare that could help many patients. At the same time, we all know that this is mere theory and that the practice will be very different. Why? Becausethe NHS has been run down and is on its knees. ...
this still does not amount to a complete separation of theory from practice, since theory remainedeconomic theory, and this connection must have its roots somewhere. And it certainly has: theorists in pure economics rely upon a set of pre-given concepts and theories which they select in the ex...
Journal of Economic Behavior & Organization, 79(3), 318–327. Google Scholar Botelho, A., Harrison, G. W., Pinto, L. M. C., & Rutström, E. E. (2009). Testing static game theory with dynamic experiments: A case study of public goods. Games and Economic Behavior, 67(1), ...
The Self-Care Motivation Model: Theory and Practice in Healthy Human Development clarification, enhanced physical/cognitive/affective awareness, positive lifestyle choices, and self-reinforcement skills training whereby individuals learn to become self-motivated and reinforcing agents for their own primary pr...
Criticisms of Monetary Theory Not everyone agrees that boosting the amount of money in circulation is wise. Some economists warn that such behavior can lead to a lack of discipline and, if not managed properly, cause inflation to spike, eroding the value of savings, triggering uncertainty, and ...