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They were also important to the economic principles of the Farmer-Labor Party of the United States, particularly in the FLP's Minnesota affiliate, where advocacy for a co-operative commonwealth formed the central theme of the party's platform from 1934, until the Minnesota FLP merged with the state Democratic Party to form the Democratic ...
A finitely generated group has a solvable word problem if and only if it can be embedded in every algebraically closed group. The proofs of these results are in general very complex. However, a sketch of the proof that a countable group C {\displaystyle C\ } can be embedded in an algebraically closed group follows.
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
In microeconomics the focus of analysis is often a single market, such as whether changes in supply or demand are to blame for price increases in the oil and automotive sectors. From introductory classes in "principles of economics" through doctoral studies, the macro/micro divide is institutionalized in the field of economics.
The pluralism in economics movement is a campaign to change the teaching and research in economics towards more openness in its approaches, topics and standpoints it considers. The goal of the movement is to "reinvigorate the discipline ...
The manipulations of the Rubik's Cube form the Rubik's Cube group.. In mathematics, a group is a set with an operation that associates an element of the set to every pair of elements of the set (as does every binary operation) and satisfies the following constraints: the operation is associative, it has an identity element, and every element of the set has an inverse element.
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...