Search results
Results from the WOW.Com Content Network
There is no empirical evidence supporting the existence of an eco-economic decoupling near the scale needed to avoid environmental degradation, and it is unlikely to happen in the future. Environmental pressures can only be reduced by rethinking green growth policies, where a sufficiency approach complements greater efficiency.
Disequilibrium macroeconomics is a tradition of research centered on the role of deviation from equilibrium in economics.This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market clearing approach, and non-tâtonnement theory. [1]
Capital as Power documents, among other things, the neoclassical economics project as a theoretical enterprise aiming to separate economics from politics. In earlier work dating from 2000, the authors had, under the heading of capital accumulation, traced that separation to the rise of industrial capitalism in the later 18th century. [4]
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
When there is a BOP disequilibrium, either by the market forces or policy measures for readjustments, SWAN model is helpful. Internal Balance looks forward to acquiring full employment with lowest possible inflation, whereas External Balance looks towards a "No surplus - No deficit" position in the economy.
In contrast, non-equilibrium economics focuses on the dynamics of economic systems in states of flux, where imbalances, frictions, and external shocks can lead to persistent deviations from equilibrium or to multiple equilibria. This approach is used to study phenomena such as market crashes, economic crises, and the effects of policy ...
Hubbert's theory is used to predict when a resource will reach its peak of production by studying past resource discovery and production trends. Peak Oil advocates often show only crude oil production which may have set a global peak in 2005. Backstop resource theory maintains that alternatives will be developed as they are needed.
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]