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Furthermore, students need to have a prospect of remaining in Germany to be eligible; this includes German and EU citizens, but often also long-term residents of other countries. [87] Part (typically half) of this money is an interest-free loan that is later repaid, with the other half considered a free grant, and the amount to be repaid is ...
The Heckscher–Ohlin Theorem, which is concluded from the Heckscher–Ohlin model of international trade, states: trade between countries is in proportion to their relative amounts of capital and labor. In countries with an abundance of capital, wage rates tend to be high; therefore, labor-intensive products, e.g. textiles, simple electronics ...
The German historical school of economics. [1] was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century. The professors involved compiled massive economic histories of Germany and Europe. Numerous Americans were their students. [2]
For every own child below the age of 10, living in the student's household, an additional 130.00 € can be requested. This can be reduced gradually if student or parent income or student assets exceed certain amounts. Thus, the amount paid out can be lower than the maximum amount, down to 10 € per month, should the calculations return that ...
Haberler's two major works were Theory of International Trade (1936) and Prosperity and Depression (1937). He was President of the International Economic Association (1950–1953). In 1957 the General Agreement on Tariffs and Trade commissioned a report on the terms of trade for primary commodities, and Haberler was appointed Chairman.
Ottoman free trade policies were praised by British economists advocating free trade such as J. R. McCulloch in his Dictionary of Commerce (1834), but criticized by British politicians opposing free trade such as Prime Minister Benjamin Disraeli, who cited the Ottoman Empire as "an instance of the injury done by unrestrained competition" in the ...
This theory became known as monetarism, the theory that excess currency leads to inflation. [1] He also played a part in the emergence of classical economics , [ 3 ] which meant he fought for free trade [ 4 ] and free competition without government interference by enforcing laws or restrictions .
In 1873 free trade won its last victory in Germany with the abolition of the duty on iron. [4] Tariffs were now for raising revenue and not for protective purposes, with the German Empire therefore almost a completely free-trading state. [5] In 1850 two-thirds of Germany was employed in agriculture and this proportion declined slowly until 1870 ...