Financial capital, or capitalization, represents a symbolic claim on this real capital. Its quantity measures the present value of the earnings that the underlying capital goods are expected to yield. Both Marxists and neoclassicists accept the real/nominal bifurcation of the economy. They also ...
Well, it appears to suggest that inflation has a negative impact on profit margins – and the higher the profit margin, the worse the impact. This brings us to a little known fact about inflation more generally: from a macroeconomic point-of-view, inflation is a distributionary phenomenon. W...
Certainly, Verizon makes no claim to be able to restore Yahoo to its former glory. Rather, it reckons Yahoo could help buttress its main business of selling mobile-phone subscriptions.威讯当然没有自称能让雅虎重现辉煌。相反,它认为雅虎可以巩固其移动通信主业。... he finds that inequality within ...
sickness and old age. I would go one step further and argue that, even if these conditions are not present, in other words, one can claim this substance minimum without having to have any "reason". I would suggest, however, that it should be limited to a definite period of time, let...
What does neoclassical economics claim to be doing and why? What do behavioral economists believe? What is economics and what are the fundamental problems in economics? What are the four fundamental assumptions of neoclassical economics? What are the basic fundamentals of Keynesian economics? What ar...
There is no basis for the claim that the Fed has lost its ability to steer the economy. (However, the Fed would have to go to Congress to get this power, as it did to get the power to pay positive interest on reserves.) [italics in original]...
His stress upon scarcity and utility in solving the “Paradox of Value” and his concept of utility not only as ‘usefulness’ but also as a ‘pleasure-giving’ attribute, and, furthermore, his explanation of how “price both influences and is influenced by demand,” ...
“rational” behavior that has endured so long only because of its mathematical convenience and its ideological power, justifying the facetious claim that so-called market economies are driven by the sovereign dispersed power of the consumers and not the concentrated power of corporate producers and ...
Even though she did not make any specific mention of ‘product differentiation’, she gave an identical construction for which she could claim credit for having contributed something new in the field of economics. She was not an economist in the orthodox sense, and she made it clear in her ...
economists generally accept three levels of meaning. The first level is the simplest and least constrained: rational people act purposefully. People who do not act with a preconceived purpose – that is, who behave as they do because they have no other options or because their actions are deter...