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The theoretical system we have described is developed over chapters 4–18, and is anticipated by a chapter which interprets Keynesian unemployment in terms of 'aggregate demand'. The aggregate supply Z is the total value of output when N workers are employed, written functionally as φ(N). The aggregate demand D is manufacturers' expected ...
Chapter 25, "A Note on Books", recommends several books for those interested in further reading on economics. He suggests some intermediate-length works, such as Frederic Benham's "Economics" and Raymond T. Bye's "Principles of Economics," as well as older books like Edwin Canaan's "Wealth" and John Bates Clark's "Essentials of Economic Theory."
Oeconomicus comes from the Ancient Greek words oikos for home or house and nemein which means management, [1] literally translated to 'household management'. It is one of the earliest works on economics in its original sense of household management, and a significant source for the social and intellectual history of Classical Athens.
The derivation of these results in general form has been one of the major achievements of postwar economic theory. [12]: 138 In particular, the Shapley-Folkman-Starr results were incorporated in the theory of general economic equilibria [13] [14] [15] and in the theory of market failures [16] and of public economics. [17]
The Elgar Companion to Economics and Philosophy. Description & Table of Contents links and Introduction and ch. 1 previews via sidebar scrolling. Articles from 1925 & 1940–1991. Hausman, Daniel M. (1992). Essays on Philosophy and Economic Methodology. Description, ch. 1 link. Chapter-preview links. _____, ed. ([1984] 2008).
Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent sustainable combinations of each type of production in a world where scarcity is a binding constrain.
Market definition is an important issue for regulators facing changes in market structure, which needs to be determined. [1] The relationship between buyers and sellers as the main body of the market includes three situations: the relationship between sellers (enterprises and enterprises), the relationship between buyers (enterprises or ...
The Economics of Industrial Organization, Prentice-Hall. ISBN 0-13-231481-9; Shy, Oz, 1995. Industrial Organization: Theory and Applications. Description and chapter-preview links. MIT Press. Vives, Xavier, 2001. Oligopoly Pricing: Old Ideas and New Tools. MIT Press. Description and scroll to chapter-preview links. Jeffrey Church & Roger Ware ...