Economic Cycles and Price Theory in Early Chinese Texts

2021 ◽  
pp. 43-77
Keyword(s):  
Price Theory ◽  
Economic Cycles ◽  
Chinese Texts

Kritik der Politischen Ökonomie im 21. Jahrhundert.

2017 ◽  
Vol 47 (188) ◽  
pp. 453-470 ◽  
Author(s):  
Hans-Peter Büttner
Keyword(s):  
Political Economy ◽  
Critical Theory ◽  
Scientific Community ◽  
New World ◽  
Neoclassical Economics ◽  
Price Theory ◽  
Transformation Problem ◽  
Iron Cage ◽  
Analytical Tools

While the majority of the scientific community holds Marxian Value and Price Theory to be internally inconsistent because of the so-called “transformation problem”, these claims can be sufficiently refuted. The key to the solution of the “transformation problem” is quite simple, so this contribution, because it requires the rejection of simultanism and physicalism, which represent the genuine method of neoclassical economics, a method that is completely incompatible with Marxian Critique of Political Economy. Outside of the iron cage of neoclassical equilibrium economics, Marxian ‘Capital’ can be reconstructed without neoclassical “pathologies” and offers us a whole new world of analytical tools for a critical theory of capitalist societies and its dynamics.

Finn Kydland and Edward Prescott: Driving Forces behind Economic Cycles (2004 Nobel Prize in Economics)

2005 ◽  
pp. 133-143 ◽  
Author(s):  
E. Balashova
Keyword(s):  
Nobel Prize ◽  
Driving Forces ◽  
Microeconomic Theory ◽  
Business Cycle Theory ◽  
Economic Cycles ◽  
Cyclical Fluctuations ◽  
Long Run ◽  
Time To Build ◽  
New Business ◽  
Extensive Research Program

The method of analyzing and modeling cyclical fluctuations of economy initiated by F. Kydland and E. Prescott - the 2004 Nobel Prize winners in Economics - is considered in the article. They proposed a new business cycle theory integrating the theory of long-run economic growth as well as the microeconomic theory of consumers and firms behavior. Simple version of general dynamic and stochastic macroeconomic model is described. The given approach which was formulated in their fundamental work "Time to Build and Aggregate Fluctuations" (1982) gave rise to an extensive research program and is still used as a basic instrument for investigating cyclical processes in economy nowadays.

Integrating economic cycles theory with equilibrium theory (the second half of the 1920s and 1930s) and N. D. Kondratiev’s project of economic dynamics

2014 ◽  
pp. 22-39 ◽  
Author(s):  
N. Makasheva
Keyword(s):  
Economic Theory ◽  
Equilibrium Theory ◽  
Economic Dynamics ◽  
Economic Cycles

The article considers the ways to overcome the methodological gap between the analysis of economic cycles and the pure economic theory as suggested by the Western economists in the 1920s and 1930s. In this context, N. D. Kondratiev’s project of economic dynamics is analyzed, which implied a radically different vision of the opportunities to solve this problem.

Sustainable Development Through Innovation In Service Sector

2014 ◽  
Vol 1 (1) ◽  
pp. 175-178
Author(s):  
Ilie Banu ◽  
Ioana Madalina Butiuc
Keyword(s):  
Sustainable Development ◽  
Tax Evasion ◽  
Service Sector ◽  
Service Innovation ◽  
Slow Recovery ◽  
Quality Research ◽  
Development Indicators ◽  
Economic Cycles ◽  
Sustainable Development Indicators ◽  
Research And Innovation

AbstractRegarding the economic crises and the slow recovery that still continues, we believe that a solution can be improving the capacity to research and innovate in order to achieve sustainable development. Another key issue of the paper is about developing the cooperation between academia and business. The challenge of this development is how to increase the amount to finance research and innovation that can be implemented in the economy. As a global solution, to this problem we can recommend, for example, reducing tax evasion and by fiscal education. Also particular sources have to be found in order to develop innovation on SME level. It is essential for innovation to make quality research in order to be better prepared and increase adaptability to economic cycles. The aim of the paper is to find out how service innovation and cooperation between academia and business can enhance sustainable development indicators. The conclusions of the paper are structured in particular proposals and recommendations.

The Oral Dimension

2018 ◽  
Author(s):  
Peter Francis Kornicki
Keyword(s):  
East Asia ◽  
Spoken Language ◽  
Foreign Languages ◽  
Chinese Characters ◽  
Limited Extent ◽  
Chinese Origin ◽  
Chinese Texts

This chapter first examines the oral dimension of the dissemination of Sinitic texts in East Asia. Although a few individuals who had spent many years in China or who were of Chinese origin were able to read Chinese texts in some form of Chinese pronunciation, this was not the case even for most members of the elites, for few spent much time in China. In most societies, conventional pronunciations developed for Chinese characters and these conformed to local phonologies. The first stage of vernacularization, therefore, was in the oral domain. Conversely, however, since there was no common spoken language like Latin, opportunities for intellectual exchange with people from other societies were limited. The remainder of this chapter, therefore, examines the limited extent to which interpreters were trained and other people learned spoken foreign languages. The chapter concludes with an examination of brush conversation, a written substitute for oral conversation.

Economic Cycles: Their Law and Cause. Henry Ludwell Moore

1915 ◽  
Vol 23 (5) ◽  
pp. 514-517 ◽  
Author(s):  
James D. Magee
Keyword(s):  
Economic Cycles
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