Search results
Results from the WOW.Com Content Network
However, The Accumulation of Capital was a terse book. In a later book, Essays in the theory of Economic Growth, [2] [3] she tried to lower the degree of abstraction. Robinson presented her growth model in verbal terms. A mathematical formalization was later provided by Kenneth K. Kurihara. Assumptions: [4]
The term 'natural capital' was first used in 1973 by E. F. Schumacher in his book Small Is Beautiful [10] and was developed further by Herman Daly, Robert Costanza, and other founders of the science of Ecological Economics, as part of a comprehensive critique of the shortcomings of conventional economics. [11] [12] Natural capital is a concept ...
Nutritional anthropology [1] is the study of the interplay between human biology, economic systems, nutritional status and food security.If economic and environmental changes in a community affect access to food, food security, and dietary health, then this interplay between culture and biology is in turn connected to broader historical and economic trends associated with globalization.
In much of economics, however, "capital" (without any qualification) means goods that can help produce other goods in the future, the result of investment. It refers to machines, roads, factories, schools, infrastructure, and office buildings which humans have produced to create goods and services.
In economics, the Lucas paradox or the Lucas puzzle is the observation that capital does not flow from developed countries to developing countries despite the fact that developing countries have lower levels of capital per worker. [1] Classical economic theory predicts that capital should flow from rich countries to poor countries, due to the ...
Economic geographer David Harvey argues that the multi-stage process of capital accumulation reveals a number of internal contradictions: Step 1 – The power of labor is broken down and wages fall. This is referred to as "wage repression" or "wage deflation" and is accomplished by outsourcing and offshoring production. [1]
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets.