Download or read book The Marginal Productivity Theory of Distribution written by John Pullen and published by Routledge. This book was released on 2009-06-26 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Pullen presents a critical history of the concept of the Marginal Profit Theory of Distribution looking at the contributions of its proponents (eg Stigler) and its critics (eg Pareto) and stressing the continuity of the debate.
Download or read book The Distribution of Wealth written by John Bates Clark and published by . This book was released on 1899 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mathematics for economists written by Malcolm Pemberton and published by Manchester University Press. This book was released on 2023-11-10 with total page 1118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a self-contained treatment of all the mathematics needed by undergraduate and masters-level students of economics, econometrics and finance. Building up gently from a very low level, the authors provide a clear, systematic coverage of calculus and matrix algebra. The second half of the book gives a thorough account of probability, dynamics and static and dynamic optimisation. The last four chapters are an accessible introduction to the rigorous mathematical analysis used in graduate-level economics. The emphasis throughout is on intuitive argument and problem-solving. All methods are illustrated by examples, exercises and problems selected from central areas of modern economic analysis. The book's careful arrangement in short chapters enables it to be used in a variety of course formats for students with or without prior knowledge of calculus, for reference and for self-study. The preface to the new edition and full table of contents are available from https://www.manchesterhive.com/page/mathematics-for-economists-supplementary-materials
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 Marginal Productivity written by Joan Robinson and published by . This book was released on 1967 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Download or read book Marginal Productivity and the General Pricing Process written by Henry Schultz and published by . This book was released on 1929 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The marginal productivity theory of distribution written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Power Or Pure Economics written by Joseph Alois Schumpeter and published by . This book was released on 1998 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text examines central questions about the nature of economic theory, its historical development and its explanatory power. What determines economic distribution - can pure economic theory itself explain the fundamentals of distribution or is a broader economics incorporating theories of power in society necessary? This book presents a debate through the classic statements of two leading economists of the 20th century: Joseph A. Schumpeter and Yasuma Takata. An introduction assesses and places in context the work of both Schumpeter and Takata.
Download or read book Some Alternatives to the Marginal Productivity Theory as an Explanation of Firm Employment Levels written by James LeRoy Green and published by . This book was released on 1950 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marginal Revenue Productivity Theory of Wages written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Marginal Revenue Productivity Theory of Wages It is a model of wage levels that is set to match to the marginal revenue product of labor, which is the increment to revenues generated by the increment to output created by the last laborer employed. The marginal revenue productivity theory of wages is a model of why wage levels are set to match to the marginal revenue product of labor. In a model, this is justified by the premise that the company is maximizing its profits and, as a result, would only employ labor up to the point where the marginal labor expenses are equal to the marginal income generated by the company. This is an example of a model that is seen in neoclassical economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginal revenue productivity theory of wages Chapter 2: Perfect competition Chapter 3: Profit maximization Chapter 4: Price elasticity of demand Chapter 5: Marginal cost Chapter 6: Production function Chapter 7: Marginal product Chapter 8: Diminishing returns Chapter 9: Marginal revenue Chapter 10: Cournot competition Chapter 11: Ramsey problem Chapter 12: Cost curve Chapter 13: Solow-Swan model Chapter 14: Harrod-Domar model Chapter 15: Marginal rate of technical substitution Chapter 16: Supply (economics) Chapter 17: Incremental capital-output ratio Chapter 18: Marginal product of capital Chapter 19: Marginal product of labor Chapter 20: Robinson Crusoe economy Chapter 21: Monopoly price (II) Answering the public top questions about marginal revenue productivity theory of wages. (III) Real world examples for the usage of marginal revenue productivity theory of wages 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 Revenue Productivity Theory of Wages.
Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Download or read book Economic Theory in Retrospect written by Mark Blaug and published by Cambridge University Press. This book was released on 1997-03-27 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1997, is a history of economic thought from Adam Smith to John Maynard Keynes.
Download or read book Marginal Product written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-27 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Marginal Product In economics, and more specifically in neoclassical economics, the marginal product or marginal physical productivity of an input is the change in output that occurs as a result of employing one additional unit of a certain input, under the assumption that the quantities of other inputs remain unchanged. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginal product Chapter 2: Growth accounting Chapter 3: Profit maximization Chapter 4: Marginal cost Chapter 5: Cobb-Douglas production function Chapter 6: Production function Chapter 7: Diminishing returns Chapter 8: Marginal revenue Chapter 9: Backpropagation Chapter 10: Marginal revenue productivity theory of wages Chapter 11: Cost curve Chapter 12: Solow residual Chapter 13: Solow-Swan model Chapter 14: Harrod-Domar model Chapter 15: Marginal rate of technical substitution Chapter 16: Ramsey-Cass-Koopmans model Chapter 17: Supply (economics) Chapter 18: Marginal product of capital Chapter 19: Marginal product of labor Chapter 20: AK model Chapter 21: Technological theory of social production (II) Answering the public top questions about marginal product. (III) Real world examples for the usage of marginal product 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 Product.
Download or read book The Marginal Productivity Theory written by F.W. Clower and published by . This book was released on 19?? with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Development of the Marginal Productivity Theory of Distribution written by Mary Elizabeth Lyddane and published by . This book was released on 1952 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marginal Productivity and Macrodistribution Theory written by University of Waterloo. Department of Economics and published by . This book was released on 1971 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
