What is model theory used for in economics? State whether each equation represents a linear, quadratic, or exponential function. Explain how you decided. y = 9^3x + 4, 4x = 5 - y, y = 2x^2 + 23 - 14x Explain the difference between independent, dependent, and inconsistent syste...
The idea of duty--that recognition of something to be lived for beyond the mere satisfaction of self--is to the moral life what the addition of a great central ganglion is to animal life. —George Eliot 4 The first right on earth is the right of the ego. Man's first duty is to hi...
Collective bargaining over labour conditions between unions and employers is a key labour market institution in democratic societies, guaranteed by international and national law. Its coverage, organization and impact have varied over time and across countries. Inclusive bargaining, conducted by employers’...
A hit crossing the limits of the field, scoring four or six runs. Bound A territorial limit; a boundary The ancient bounds of the forest Boundary Something that indicates a border or limit. Bound Certain to be or to do or have something There is bound to be a change of plan Boundary ...
My guest today is Joseph Henrich, a professor at Harvard, and an expert on the evolution of human cooperation and culture. I am a big fan of his book, “The Secret of Our Success” and he just published a new one called the Weirdest People in the World about people who fall under ...
Your net energy point is well taken. When taking into account the efficiency (or lack thereof) of most energy-converting machines (35% at the top end), and adding this to the mix, it would appear we are net losers all the way around. The mirage is produced by economics. As long as...
The debate between realists and liberals has reemerged as an axis of contention in international relations theory.’ Revolving in the past around competing theories of human nature, the debate is more concerned today with the extent to which state action is influenced by ‘structure’ (anarchy an...
My guest today is Joseph Henrich, a professor at Harvard, and an expert on the evolution of human cooperation and culture. I am a big fan of his book, “The Secret of Our Success” and he just published a new one called the Weirdest People in the World about people who fall under ...
A maximum wage is a price ceiling imposed on how much compensation a worker can receive in a given period of time. It can be imposed as an absolute level or as a ratio between high and low wage earners. If it is a binding constraint (below the market wage), then it will tend to r...
As of March 2020, the Fed has lowered all reserve requirements to zero, but banks continue to hold reserves based on their own liquidity needs rather than a legal constraint.2 Understanding Primary Reserves When a customer deposits money with a bank, the bank is required to keep a certain...