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Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
The Ramsey problem, or Ramsey pricing, or Ramsey–Boiteux pricing, is a second-best policy problem concerning what prices a public monopoly should charge for the various products it sells in order to maximize social welfare (the sum of producer and consumer surplus) while earning enough revenue to cover its fixed costs.
Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In 2018, CORE Econ published Economy, Society, and Public Policy, a free ebook designed to introduce the economics to non-specialists, particularly students from outside economics courses who were taking economics as a minor. Like The Economy 1.0 and 2.0, it focuses on topics such as inequality, power, and environmental economics.
Game theory-Gandhian economics – General equilibrium – Geographical pricing – Georgism – Gerschenkron effect – Giffen good – Gini coefficient – Global game – Globalization – Gold standard – Good (economics) – Goodhart's law – Government debt – Government-granted monopoly – Gresham's law – Gross domestic product ...
Basic topic lists are more like site maps, and are part of the encyclopedia itself. Portals and basic topic lists are two very different animals. Portals would be much too long if the basic topic lists were tacked on to them. Th e Tr ans hu man ist 01:55, 22 October 2007 (UTC) We have Lists of mathematics topics in our FL crew...
The solution to these problems is important because of the "fundamental fact of economic institution life" that ... [ 2 ] "The economic problem, "the struggle for subsistence", always has been hitherto primary, most pressing problem of the human race- not only of the human race, but of the whole of the biological kingdom from the beginnings of ...