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The capital deficiency theory is heavily related to racial inequality in the United States, specifically the racial wealth gap. Wealthier families with higher economic capital can afford to provide additional resources for their children to combat any learning difficulties they may face naturally.
The theory of capital deficiency is among the most recognized explanations for minority underperformance academically—that for whatever reason they simply lack the resources to find academic success. [16] One of the largest factors for this, aside from the social, economic, and cultural capital mentioned earlier, is human capital. This form ...
Cultural deprivation is a theory in sociology where a person has inferior norms, values, skills and knowledge. The theory states that people of lower social classes experience cultural deprivation compared with those above and that this disadvantages them, as a result of which the gap between classes increases.
If, for example, this ratio is greater than 1, machinery can be bought at one price and then generate output worth the larger amount that is reflected in its market value, giving positive economic profit. In some research, investment is modeled as an increasing function of the gap between the optimal capital stock and the current capital stock ...
According to Kaldor, “The purpose of a theory of economic growth is to show the nature of non-economic variables which ultimately determine the rate at which the general level of production of the economy is growing, and thereby contribute to an understanding of the question of why some societies grow so much faster than others.” [2] [1]
The internal contradictions of capital accumulation is an essential concept of crisis theory, which is associated with Marxist economic theory. While the same phenomenon is described in neoclassical economic theory, in that literature it is referred to as systemic risk. [1] [2] [3] [4]
Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth. AP Macroeconomics is frequently taught in conjunction with (and, in some cases, in the same year as) AP Microeconomics as part of a comprehensive AP Economics curriculum, although ...
Lange, O (1936). "On the Economic Theory of Socialism I". The Review of Economic Studies. 4 (1): 53– 71. doi:10.2307/2967660. JSTOR 2967660. Lange, O 1937 On the Economic Theory of Socialism II The Review of Economic Studies V4 N 123-142; Lange, O 1938 On the Economic Theory of Socialism B Lippincott ed. University of Minnesota Press