Search results
Results from the WOW.Com Content Network
A study suggests, "path dependencies, increasing returns to scale and learning-by-doing cost reductions can produce sudden, tipping-point-like transitions that cannot be extrapolated from past system behaviour", and that "historically, technological innovation and government policies often motivated by energy security concerns have also, in ...
Often endogenous growth theory assumes constant marginal product of capital at the aggregate level, or at least that the limit of the marginal product of capital does not tend towards zero. This does not imply that larger firms will be more productive than small ones, because at the firm level the marginal product of capital is still diminishing.
The Uzawa–Lucas model is an economic model that explains long-term economic growth as consequence of human capital accumulation. Developed by Robert Lucas, Jr., [1] building upon initial contributions by Hirofumi Uzawa, [2] it extends the AK model by a two-sector setup, in which physical and human capital are produced by different technologies.
Embodied cultural capital comprises the knowledge that is consciously acquired and passively inherited, by socialization to culture and tradition. Unlike property, cultural capital is not transmissible, but is acquired over time, as it is impressed upon the person's habitus (i.e., character and way of thinking), which, in turn, becomes more receptive to similar cultural influences.
Theodore William Schultz was born on April 30, 1902, in a small town ten miles northwest of Badger, South Dakota, on a 560-acre farm.When Schultz was in the eighth grade, his father Henry decided to pull him out of attending Kingsbury County Schoolhouse.
The never-ending quest to keep all your family’s important info—from key dates to must-know passwords—just got a little easier. You’ve got what it takes to keep the whole family organized ...
Jessica Chastain is getting candid about breaking generational cycles.. In a powerful speech at the 38th Annual American Cinematheque Awards on Friday, Dec. 6, the Mother’s Instinct star, 47 ...
The Frautschi family's connection to the Lakeshore Nature Preserve began 34 years ago when Jerry and his brother, John, purchased what was known as "Second Point" along Lake Mendota's shoreline ...