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The discourse of renewal framework directs organizations to consider how to plan for a crisis and negotiate a crisis when they experience one. A major challenge organizations face when planning for a crisis or when they are attempting to manage a crisis situation is the image they convey throughout the recovery and the overall implications of a ...
A third set, referred to as the "neoclassical revival", expanded the definition of capital in exogenous growth theory to include human capital. [179] This strain of research began with Mankiw, Romer, and Weil (1992), [ac] which showed that 78% of the cross-country variance in growth could be explained by a Solow model augmented with human ...
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. [1] This includes regional, national, and global economies .
Hesiod active 750 to 650 BC, a Boeotian who wrote the earliest known work concerning the basic origins of economic thought, contemporary with Homer. [3] Of the 828 verses in his poem Works and Days, the first 383 centered on the fundamental economic problem of scarce resources for the pursuit of numerous and abundant human ends and desires.
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution". It had equally powerful ...
The Economics (Ancient Greek: Οἰκονομικά; Latin: Oeconomica) is a work ascribed to Aristotle. Most modern scholars attribute it to a student of Aristotle or of his successor Theophrastus .
The neoclassical synthesis is a macroeconomic theory that emerged in the mid-20th century, combining the ideas of neoclassical economics with Keynesian economics. The synthesis was an attempt to reconcile the apparent differences between the two schools of thought and create a more comprehensive theory of macroeconomics.
Sir Thomas Mun (/ m ʌ n /; 17 June 1571 – 21 July 1641) was an English writer on economics and is often referred to as the last of the early mercantilists. Most notably, he is known for serving as the director of the East India Company. Due to his strong belief in the state and his prior experience as a merchant, Mun took on a prominent role ...