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The front page quotes the motto of J. Willard Gibbs: "Mathematics is a language."The book begins with this statement: The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central features.
Production is the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output.
In economics, a transaction cost is a cost incurred when making an economic trade when participating in a market. [1]The idea that transactions form the basis of economic thinking was introduced by the institutional economist John R. Commons in 1931.
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services.The utilised amounts of the various inputs determine the quantity of output according to the relationship called the production function.
Paul Bairoch sought through quantitative, empirical research of historical trends to question and challenge many beliefs which are nowadays generally accepted in economics (see in particular his work Economics and World History: Myths and Paradoxes), among which: the idea that free trade historically led to periods of economic growth; that moving away from free trade caused the Great ...
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Stanislas Dehaene extended the global workspace with the "neuronal avalanche" showing how sensory information gets selected to be broadcast throughout the cortex. [12] Many brain regions, the prefrontal cortex, anterior temporal lobe, inferior parietal lobe, and the precuneus all send and receive numerous projections to and from a broad variety of distant brain regions, allowing the neurons ...