Download or read book The Zero Marginal Cost Society written by Jeremy Rifkin and published by Macmillan + ORM. This book was released on 2014-04-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Zero Marginal Cost Society,New York Times bestselling author Jeremy Rifkin describes how the emerging Internet of Things is speeding us to an era of nearly free goods and services, precipitating the meteoric rise of a global Collaborative Commons and the eclipse of capitalism. Rifkin uncovers a paradox at the heart of capitalism that has propelled it to greatness but is now taking it to its death—the inherent entrepreneurial dynamism of competitive markets that drives productivity up and marginal costs down, enabling businesses to reduce the price of their goods and services in order to win over consumers and market share. (Marginal cost is the cost of producing additional units of a good or service, if fixed costs are not counted.) While economists have always welcomed a reduction in marginal cost, they never anticipated the possibility of a technological revolution that might bring marginal costs to near zero, making goods and services priceless, nearly free, and abundant, and no longer subject to market forces. Now, a formidable new technology infrastructure—the Internet of things (IoT)—is emerging with the potential of pushing large segments of economic life to near zero marginal cost in the years ahead. Rifkin describes how the Communication Internet is converging with a nascent Energy Internet and Logistics Internet to create a new technology platform that connects everything and everyone. Billions of sensors are being attached to natural resources, production lines, the electricity grid, logistics networks, recycling flows, and implanted in homes, offices, stores, vehicles, and even human beings, feeding Big Data into an IoT global neural network. Prosumers can connect to the network and use Big Data, analytics, and algorithms to accelerate efficiency, dramatically increase productivity, and lower the marginal cost of producing and sharing a wide range of products and services to near zero, just like they now do with information goods. The plummeting of marginal costs is spawning a hybrid economy—part capitalist market and part Collaborative Commons—with far reaching implications for society, according to Rifkin. Hundreds of millions of people are already transferring parts of their economic lives to the global Collaborative Commons. Prosumers are plugging into the fledgling IoT and making and sharing their own information, entertainment, green energy, and 3D-printed products at near zero marginal cost. They are also sharing cars, homes, clothes and other items via social media sites, rentals, redistribution clubs, and cooperatives at low or near zero marginal cost. Students are enrolling in free massive open online courses (MOOCs) that operate at near zero marginal cost. Social entrepreneurs are even bypassing the banking establishment and using crowdfunding to finance startup businesses as well as creating alternative currencies in the fledgling sharing economy. In this new world, social capital is as important as financial capital, access trumps ownership, sustainability supersedes consumerism, cooperation ousts competition, and "exchange value" in the capitalist marketplace is increasingly replaced by "sharable value" on the Collaborative Commons. Rifkin concludes that capitalism will remain with us, albeit in an increasingly streamlined role, primarily as an aggregator of network services and solutions, allowing it to flourish as a powerful niche player in the coming era. We are, however, says Rifkin, entering a world beyond markets where we are learning how to live together in an increasingly interdependent global Collaborative Commons.

Download or read book What are Marginal Costs and how to Estimate Them written by Ralph Turvey and published by Ralph Turvey. This book was released on 2000 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Electricity Marginal Cost Pricing written by Monica Greer and published by Elsevier. This book was released on 2012-03-13 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Packed with case studies and practical real-world examples, Electricity Marginal Cost Pricing Principles allows regulators, engineers and energy economists to choose the pricing model that best fits their individual market. Written by an author with 13 years of practical experience, the book begins with a clear and rigorous explanation of the theory of efficient pricing and how it impacts investor-owned, publicly-owned, and cooperatively-owned utilities using tried and true methods such as multiple-output, functional form, and multiproduct cost models. The author then moves on to include self-contained chapters on applying estimating cost models, including a cubic cost specification and policy implications while supplying actual data and examples to allow regulators, energy economists, and engineers to get a feel for the methods with which efficient prices are derived in today’s challenging electricity market. A guide to cost issues surrounding the generation, transmission, and distribution of electricity Clearly explains cost models which can yield the marginal cost of supplying electricity to end-users Real-world examples that are practical, meaningful, and easy to understand Explans the policy implications of each example Provide suggestions to aid in the formation of the optimal market price

Download or read book Marginal Cost in the New Economy A Proposal for a Uniform Approach to Policy Evaluations written by Roger L. Conkling and published by Routledge. This book was released on 2015-04-29 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an approach for resolving a variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currenly employed to measure the costs and benefits of disputed policy issues.

Download or read book Marginal Cost in the New Economy A Proposal for a Uniform Approach to Policy Evaluations written by Roger L. Conkling and published by Routledge. This book was released on 2015-04-29 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an approach for resolving a variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currenly employed to measure the costs and benefits of disputed policy issues.

Download or read book Marginal cost Price output Control written by Burnham Putnam Beckwith and published by . This book was released on 1955 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Marginal Cost written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Marginal Cost In the field of economics, the marginal cost refers to the change in the overall cost that occurs when the quantity produced is increased. In other words, the marginal cost is the cost of creating additional inventory. Sometimes it is used to refer to an increase of one unit of output, while other times it is used to refer to the rate of change in total cost as output is increased by an infinitesimal amount. Both of these meanings are applicable in certain situations. The marginal cost is the slope of the total cost, which is the rate at which it increases with output. Figure 1 illustrates that the marginal cost is measured in dollars per unit, but the total cost is measured in dollars. There is a distinction between the marginal cost and the average cost, which is calculated by dividing the total cost by the number of units produced. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginal cost Chapter 2: Perfect competition Chapter 3: Supply and demand Chapter 4: Profit maximization Chapter 5: Break-even (economics) Chapter 6: Production function Chapter 7: Average cost Chapter 8: Marginal product Chapter 9: Diminishing returns Chapter 10: Economic cost Chapter 11: Marginal revenue Chapter 12: Marginal revenue productivity theory of wages Chapter 13: Cost curve Chapter 14: Total cost Chapter 15: Average variable cost Chapter 16: Average fixed cost Chapter 17: Long run and short run Chapter 18: Supply (economics) Chapter 19: Minimum efficient scale Chapter 20: Shutdown (economics) Chapter 21: Marginal product of labor (II) Answering the public top questions about marginal cost. (III) Real world examples for the usage of marginal cost in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Cost.

Download or read book Measuring the Marginal Social Cost of Transport written by Christopher Nash and published by Elsevier. This book was released on 2005-10-20 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many transport economists have for some time proposed marginal social cost as the principle on which prices in the transport sector should be based and, in recent years, their prescription has come to be taken more and more seriously by policy-makers. However, in order to properly test the possible implications of implementing pricing based on marginal social cost and, ultimately, to introduce such a system, it is necessary to actually measure the marginal social costs concerned, and how they vary according to mode, time and context. This book reviews the transport pricing policy debate and reports on the significant advances made in measuring the marginal social costs of transport, particularly through UNITE and other European research projects. We look in turn at infrastructure, operating costs, user costs (both of congestion and of charges in frequency of scheduled transport services) accidents and environmental costs, and how these estimates have been used to examine the impact of marginal cost pricing in transport. We finish by examining how the results of case studies might be generalised to obtain estimates of marginal social costs for all circumstances and, finally, presenting our conclusions.

Download or read book The Third Industrial Revolution written by Jeremy Rifkin and published by Macmillan + ORM. This book was released on 2011-10-04 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Industrial Revolution, powered by oil and other fossil fuels, is spiraling into a dangerous endgame. The price of gas and food are climbing, unemployment remains high, the housing market has tanked, consumer and government debt is soaring, and the recovery is slowing. Facing the prospect of a second collapse of the global economy, humanity is desperate for a sustainable economic game plan to take us into the future. Here, Jeremy Rifkin explores how Internet technology and renewable energy are merging to create a powerful "Third Industrial Revolution." He asks us to imagine hundreds of millions of people producing their own green energy in their homes, offices, and factories, and sharing it with each other in an "energy internet," just like we now create and share information online. Rifkin describes how the five-pillars of the Third Industrial Revolution will create thousands of businesses, millions of jobs, and usher in a fundamental reordering of human relationships, from hierarchical to lateral power, that will impact the way we conduct commerce, govern society, educate our children, and engage in civic life. Rifkin's vision is already gaining traction in the international community. The European Union Parliament has issued a formal declaration calling for its implementation, and other nations in Asia, Africa, and the Americas, are quickly preparing their own initiatives for transitioning into the new economic paradigm. The Third Industrial Revolution is an insider's account of the next great economic era, including a look into the personalities and players — heads of state, global CEOs, social entrepreneurs, and NGOs — who are pioneering its implementation around the world.

Download or read book Statistical Determination of Costs written by Joel Dean and published by . This book was released on 1936 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Will You Measure Your Life Harvard Business Review Classics written by Clayton M. Christensen and published by Harvard Business Review Press. This book was released on 2017-01-17 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the spring of 2010, Harvard Business School’s graduating class asked HBS professor Clay Christensen to address them—but not on how to apply his principles and thinking to their post-HBS careers. The students wanted to know how to apply his wisdom to their personal lives. He shared with them a set of guidelines that have helped him find meaning in his own life, which led to this now-classic article. Although Christensen’s thinking is rooted in his deep religious faith, these are strategies anyone can use. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.

Download or read book Essential Prosperity written by Napoleon Hill and published by St. Martin's Essentials. This book was released on 2022-11-08 with total page 759 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate collection of books for life-changing success It’s time to stop living your life on the margins and claim the financial success you deserve. Essential Prosperity is a treasury of wisdom that will empower you to move from a life of want—defined by debt, fear, and missed possibilities—to one of true success. You have the power and potential to create the life of abundance you’ve always imagined and Essential Prosperity will show you how. Essential Prosperity includes fourteen life changing books from the thought leaders and teachers whose work has changed the world, including: - The Richest Man in Babylon by George S. Clason - Think and Grow Rich by Napoleon Hill - Power of Your Subconscious Mind by Joseph Murphy - As a Man Thinketh by James Allen - Science of Getting Rich by Wallace Wattles - The Game of Life by Florence Scovel Shinn - The Golden Key by Emmet Fox - The Go-Getter by Peter B. Kyne - How to Live on 24 Hours a Day by Arnold Bennett - Acres of Diamonds by Russell Conwell - Creative Mind and Success by Ernest Holmes - The Secret of Success by William Walker Atkinson - The Life Power and How to Use It by Elizabeth Towne - Prosperity by Annie Rix Militz These experts speak from every background—from self-help and spirituality to finance and business—each of them sharing the secrets to building life changing wealth and prosperity.

Download or read book Marginal Costing written by Elizabeth Harris and published by Cima. This book was released on 1995-01 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marginal costing provides vital information for making business decisions in both the private and public sectors of the economy. In order to make these decisions managers must be fully aware of the underlying concepts and of their limitations. This book describes cost behaviour and its relationship to business decisions. It compares marginal costing profit statements with those prepared under absorption costing principles. It also examines the role of marginal costing in various types of business decisions. Detailed examples with answers and full explanations are given throughout.

Download or read book Microeconomics For Dummies written by Lynne Pepall and published by John Wiley & Sons. This book was released on 2016-01-14 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!

Download or read book Microeconomics written by R. Glenn Hubbard and published by Pearson Australia. This book was released on 2014-09-01 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics is the most engaging introductory economics resource available to students today. Using real businesses examples to show how managers use economics to make real decisions every day, the subject is made relevant and meaningful. Each chapter of the text opens with a case study featuring a real business or real business situation, refers to the study throughout the chapter, and concludes with An Inside Look—a news article format which illustrates how a key principle covered in the chapter relates to real business situations or was used by a real company to make a real business decision. Solved problems in every chapter motivate learners to confidently connect with the theory to solve economic problems and analyse current economic events.

Download or read book Marginal Cost Pricing and Eminent Domain written by Florenz Plassmann and published by . This book was released on 2011-11 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marginal Cost Pricing and Eminent Domain integrates the economics of takings with the hitherto separate literature on land assembly and the associated literature on self-assessment that analyzes ways of providing owners with the incentive to reveal their valuations of their properties.

Download or read book Think Like a Commoner written by David Bollier and published by New Society Publishers. This book was released on 2014-03-04 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new world based on fairness, participation, accountability is closer than you think…if you learn to think like a commoner