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The Grubel–Lloyd index measures intra-industry trade of a particular product. It was introduced by Herb Grubel and Peter Lloyd in 1971. = (+) ...
Intra-industry trade is difficult to measure statistically because regarding products or industries as "the same" is partly a matter of definition and classification. For a very simple example, it could be argued that although a BMW and a Ford are both motor cars, and although a Budweiser and a Heineken are both beers, they are really all ...
Grubel has published 27 books and more than 130 professional articles in economics, dealing with international trade and finance and a wide range of economic policy issues. One of his most important contributions to international economics is the Grubel–Lloyd index , which measures intra-industry trade of a particular product.
Chapter 1, "The Lesson", explains that economics is a field filled with fallacies because of the difficulties inherent in the subject and the special pleading of selfish interests. [3] Every group has economic interests antagonistic to other groups.
Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds [1]), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.
Biopolitics is a concept popularized by the French philosopher Michel Foucault in the mid-20th century. [1] At its core, biopolitics explores how governmental power operates through the management and regulation of a population's bodies and lives.
In biological taxonomy, a domain (/ d ə ˈ m eɪ n / or / d oʊ ˈ m eɪ n /) (Latin: regio [1]), also dominion, [2] superkingdom, realm, or empire, is the highest taxonomic rank of all organisms taken together. It was introduced in the three-domain system of taxonomy devised by Carl Woese, Otto Kandler and Mark Wheelis in 1990. [1]
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