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Koentjaraningrat was born in Yogyakarta, Indonesia on 15 June 1923 to a Pakualaman family. His mother wanted him to obtain a Dutch education, so he was educated at Europeesche Lagere School, followed by Middelbare Uitgebreid Lager Onderwijs and Algemeen Middelbare School in Yogyakarta, later moving to Jakarta to continue his schooling.
These are models with two sectors, producers of final output and an R&D sector: the R&D sector develops ideas which grant them monopoly power. R&D firms are assumed to be able to make monopoly profits selling ideas to production firms, but the free entry condition means that these profits are dissipated on R&D spending. [citation needed]
Free trade, deregulation, tax cuts, privatization, labour market flexibility, and opposition to trade unions are also common positions. [ 4 ] Economic liberalism can be contrasted with protectionism because of its support for free trade and an open economy , and is considered opposed to planned economies and non-capitalist economic orders, such ...
Neoclassical economics is often criticized for having a normative bias despite sometimes claiming to be "value-free". [ 45 ] [ 46 ] Such critics argue an ideological side of neoclassical economics, generally to argue that students should be taught more than one economic theory and that economics departments should be more pluralistic .
Selo Soemardjan (May 23, 1915 in Yogyakarta [1] – June 11, 2003 in Jakarta), also spelled as Selo Sumarjan or Selo Sumardjan, was a well known senior academic in sociology at the University of Indonesia, and is known as the Pioneer of Indonesian Social Sciences. [1]
New Institutional Economics (NIE) is an economic perspective that attempts to extend economics by focusing on the institutions (that is to say the social and legal norms and rules) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics.
Keynes rejected the basic tenet of classical economics that free markets would lead to full employment by themselves. Consequently, he recommended government intervention to stimulate aggregate demand in the economy, a macroeconomic policy now known as Keynesian economics. Keynes also believed that capital accumulation would reach saturation at ...
Kuntowijoyo was born in Bantul, Yogyakarta, on 18 September 1943. His father was a dhalang and macapat reader, and his great-grandfather was a mushaf writer. When he attended elementary school at Ibtidaiyah Madrasah, he practiced declamation, storytelling, and reading the Koran.