By Phillip O'Hara
This authoritative paintings is the 1st totally refereed A-Z compendium of the most recommendations, difficulties, associations, faculties and rules linked to political economic system. The entries emphasize the appliance of the foundations of political economic system to actual global difficulties similar to inflation, unemployment, improvement and fiscal instability, and supply necessary feedback for additional studying. The paintings covers the entire significant parts during this starting to be box. as well as serving as an authoritative reference resource for all degrees, this paintings deals a entire creation to the sector for undergraduates taking classes in political financial system or graduate scholars coming to the sphere for the 1st time.
Entries contain: anarchism, bioeconomics, company ethics, contradictions, company ambitions, monetary crises, international reduction, online game conception, international liberalism, nice melancholy, business kinfolk, Karl Marx, patriarchy, precapitalist global structures, racism, rationality, Schumpeterian pageant, social textile matrix, social salary, Piero Sraffa.
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Additional resources for Encyclopedia of political economy,
Criticisms of the model The model has been subject to a number of criticisms, especially since some of its key assumptions do not appear to fit the reality of life in most contemporary Third World countries. First, the model assumes that employment transfer proceeds at the same rate as capital accumulates in the modern sector. However, there may be labor saving advances going on. Indeed, in most third world countries, the capacity of the industrial sector to absorb labor has turned out to be rather small.
Runde, Jochen (1994) â < previous page < previous page Page 673 Keynesian Uncertainty and Liquidity Preference,â next page > next page > page_672 page_673 Cambridge Journal of Economics 18 (2):129â 44. S. (1968) Expectations, Investment and Income, 2nd edn, Oxford: Oxford University Press. Townshend, Hugh (1937) â (March): 156â 69. Liquidity Premium and the Theory of Value,â Economic Journal 47 SHEILA DOW long waves of economic growth and development â Long wavesâ is the notion that there are long-term dynamic phases in the evolution of CAPITALISM, characterized by alternating periods of relatively booming economic conditions followed by more recessed and unstable economic conditions.
International Economics and â â (1983) Selected Economic Writings of W. Arthur Lewis, ed. Gersovitz, New York: New York University Press. ROBERT DIXON liability management Broadly speaking, liability management refers to the ability of banks to increase their lending activity by borrowing funds which appear on the liability side of their balance sheet, without having to dispose of their marketable assets (such as Treasury bills). In a more narrow < previous page page_663 next page > < previous page page_664 next page > Page 664 sense, liability management is associated with wholesale financial markets and interbank arrangements, with banks competing for certificates of deposits (CDs) or other similar financial instruments.
Encyclopedia of political economy, by Phillip O'Hara