Results 41 to 50 of about 1,100,077 (320)
A thermodynamic approach to the description of economic systems and processes is developed. It is shown that there is a deep analogy between the parameters of thermodynamic and economic systems (markets); so each thermodynamic parameter can be associated with a certain economic parameter or indicator.
arxiv +1 more source
An Economic Theory of Switzerland [PDF]
Switzerland is often viewed as a federalist curiosity and a unique form of direct democracy. But this view does not provide a proper understanding of the country. A theory of Switzerland is necessary. A consideration of the initial, exogenous geographical situation of Swiss territory provides a better understanding of the country's development.
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We undertake to estimate the effects of real exchange rate misalignment and regional integration on the service sector performance in selected countries from East Africa during the period of 1991–2017.
John Bosco Nnyanzi+2 more
doaj +1 more source
Why Economic Theories and Policies Fail? Unnoticed Variables and Overlooked Economics [PDF]
Accuracy of economic theories and efficiency of economic policy strictly depend on the choice of the economic variables and processes mostly liable for description of economic reality. That states the general problem of assessment of any possible economic variables and processes chargeable for economic evolution.
arxiv
Theories of Economic Regulation [PDF]
Several theories have been advanced to explain the observed pattern of government regulation of the economy. These include the "public interest" theory and several versions, proposed either by political scientists or by economists, of the "interest group" or "capture" theory. This article analyzes those theories.
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Intersectoral Flows in the Economies of the Visegrad Group Countries
We present a comparative study of flows between institutional sectors in the economies of Czechia, Hungary, Poland and Slovakia, with particular emphasis on the role of the foreign sector.
Michał Przybyliński, Joanna Trębska
doaj +1 more source
Computing Economic Chaos [PDF]
Existence theory in economics is usually in real domains such as the findings of chaotic trajectories in models of economic growth, tatonnement, or overlapping generations models. Computational examples, however, sometimes converge rapidly to cyclic orbits when in theory they should be nonperiodic almost surely. We explain this anomaly as the result of
arxiv
Economic theory is about coordination of decision making. Markets, corporate hierarchies and governments are seen as the most important governance mechanisms, and economics is about the proper role and scope of each mechanism. Decision making is coordinated by means of a proper division of labour between each mechanism.
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There is growing awareness within the economics profession of the important role narratives play in the economy. Even though empirical approaches that try to quantify economic narratives are getting increasingly popular, there is no theory or even a universally accepted definition of economic narratives underlying this research.
arxiv +1 more source
The desocialising of economic theory [PDF]
This paper aims to show that economic theory has become ‘desocialised’ and separated from social theory through the adoption of individualistic methods and neglect of social relations and structures. A historical overview traces how the social content of economic theory has diminished, considering the reasons why.
openaire +3 more sources