The ideas for future economic growth (To the 110th birth anniversary of academician T. S. Khachaturov)

2016 ◽  
pp. 147-154
Author(s):  
S. Bobylev ◽  
V. Faltsman
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Environmental Economics ◽  
Natural Resource ◽  
Growth Efficiency ◽  
Basic Theory ◽  
Theory And Practice ◽  
Investment Efficiency ◽  
Transport Economics ◽  
Development Of Economic Theory

The article analyzes academician T. S. Khachaturov contribution to the development of economic theory and practice. We name the following areas of his pioneering research and applications: the basic theory of economic growth efficiency, investment efficiency, natural resource and environmental economics, transport economics.

The Role of Comparison in the Development of Economic Theory

1957 ◽  
Vol 17 (4) ◽  
pp. 554-570 ◽  
Author(s):  
Sylvia L. Thrupp
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Economic History ◽  
Western Europe ◽  
Open Spaces ◽  
Body Of Knowledge ◽  
Development Of Economic Theory

Our conference today on comparative economic history is in some clanger of rushing into the wide-open spaces of ambiguity, for the term is new, and to agree too quickly on its meaning and implications may not even be desirable. In order to avoid engaging in a mere game of definitions, this paper will deal first with three general types of comparison in relation to their bearing on problems of evidence. It will then review some of the chief uses to which these types of comparison have been put in building up our body of knowledge about Western economic history. The survey will close with particular reference to our own preindustrial stages of economic growth, when western Europe was, in our uncomplimentary phrase, an underdeveloped or backward area.

scholarly journals Why Financial Structure Matters

1988 ◽  
Vol 2 (4) ◽  
pp. 121-126 ◽  
Author(s):  
Joseph E Stiglitz
Keyword(s):  
Economic Theory ◽  
Tax Policy ◽  
Financial Structure ◽  
Theory And Practice ◽  
Financial Policy ◽  
Modern Theory ◽  
Full Information ◽  
Risk Class ◽  
The Past ◽  
Development Of Economic Theory

[This is a comment on “The Modigliani-Miller Propositions after Thirty Years” by Merton H. Miller in this same issue.] The 1958 paper by Franco Modigliani and Merton Miller has been justly hailed as a landmark in the modern theory of finance. What has not been sufficiently emphasized is the importance of the paper to the development of economic theory and practice. Indeed, it is ironic that a paper which purportedly established that one need not pay any attention to financial structure -- that financial structure was irrelevant -- should have focused economists' attention on finance. Again ironically, some of the most productive responses to the MM results have come from those who did not feel able to accept the conclusion that financial policy is irrelevant. The MM results forced these skeptics to identify which of the assumptions underlying the MM theorem should be modified or rejected. The attention of economists during the past 30 years has focused on four assumptions underlying the model: first, that firms can be identified by “risk class”; second, that individual borrowing can substitute for firm borrowing; third, that investors have full information about the returns of the firm; and fourth -- the importance of which MM themselves recognized -- is that there are no taxes, or at least tax policy does not treat debt and equity differentially. The question has been not so much whether these assumptions are “realistic,” but whether, or under what circumstances, altering these assumptions leads to situations where financial structure does indeed matter.

The Epistemology of Simulation, Computation, and Dynamics in Economics

2018 ◽  
Author(s):  
K. Vela Velupillai
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Digital Technology ◽  
Digital Computer ◽  
Driving Force ◽  
Applied Economics ◽  
Theory And Practice ◽  
Founding Father ◽  
Development Of Economic Theory

In this chapter the spirit of William Petty is the driving force, but it is given new theoret- ical foundations, mainly as a result of developments in the mathematic underpinnings of the tremendous developments in the potentials of computing, especially using digital technology. Computation and simulation have always played a role in economics, whether it be pure economic theory or any variant of applied economics. This tradition can be traced to the vision of Petty, the founding father of political economy as political arithmetic. A running theme is that, increasingly, the development of economic theory seems to go hand in hand with advances in the theory and practice of computing, which is, in turn, a catalyst for the move away from overreliance on any kind of mathematics for the formalization of economic entities that is inconsistent with the mathematical, philosophical, and epistemological foundations of the digital computer.

scholarly journals Achievements and future challenges for environment and development economics

2014 ◽  
Vol 19 (3) ◽  
pp. 290-292
Author(s):  
Rashid Hassan
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Ecosystem Services ◽  
Environmental Economics ◽  
Theory And Practice ◽  
Green Economy ◽  
Policy Debate ◽  
Global Consensus ◽  
Development Goals ◽  
The Right

Addressing the challenge of ecological limits to economic growth and protection of the commons has been the central focus of scholarly research and policy debate in the world of EDE over the past two decades. Notable progress has been realized on a number of fronts but big challenges remain. Advances in the theory and practice of sustainable development, moving away from income measures such as GDP and promoting inclusive wealth as the right indicator of change in wellbeing and sustainability for the evaluation of economic performance and associated progress with the development and use of natural resources and environmental accounts represent one major example. Another important example is the ecosystem services (ES) approach of the millennium ecosystem assessment that has now become the main framework widely adopted as the basis for the characterization, valuation and evaluation of tradeoffs among the multiple services of ecosystems impacted by the pursuit of economic growth. Together with progress in the science and economics of addressing climate change, these advances moved the EDE focus from micro- to macro-environmental economics management issues. Major manifestations of progress on these fronts include: the emphasis on the green economy for ‘the future we want’ at Rio+20 and the intended move beyond the millennium development goals (MDGs) to redirect future efforts of the international community towards new sustainable development goals (SDGs) and targets; global consensus and support for establishing an Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES); and efforts to better define planetary boundaries.

Feasibility Analysis of Ecological Compensation for Coal Resource Type City Based on Economic Externalities

2014 ◽  
Vol 955-959 ◽  
pp. 1706-1709 ◽  
Author(s):  
Si Jing Feng ◽  
Xin Lian Zhang ◽  
Wen Jie Li
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Environmental Economics ◽  
Feasibility Analysis ◽  
Mining Activities ◽  
Compensation Mechanism ◽  
Ecological Compensation ◽  
Resource Type ◽  
Coal Resource ◽  
Economic Growth Mode

The economic growth mode of coal resource type cities in China is in an extensive operating way, and resulting in tremendous waste of resources and environmental pollution intensifies. This article analyzed the use of economic theory of externalities of coal mining activities from the point of some relevant environmental economics principles, proposed the urban ecological compensation connotation of coal resource type city, and analyzed the feasibility of the implementation of ecological compensation from economic viewpoint. In this research£¬not only laid a foundation for ecological compensation goals, principles, methods and compensation standards, but also provided an economic reference for building ecological compensation mechanism of coal resource type city.

McCulloch, Scrope, and Hodgskin: Nineteenth-Century Versions of Julian Simon

2003 ◽  
Vol 25 (3) ◽  
pp. 289-301 ◽  
Author(s):  
William S. Kern
Keyword(s):  
Economic Growth ◽  
Nineteenth Century ◽  
Population Growth ◽  
Natural Resources ◽  
Natural Resource ◽  
Resource Scarcity ◽  
Limits To Growth ◽  
Economic Progress ◽  
Natural Resource Scarcity ◽  
Growing Population

In The Ultimate Resource (1981, 1996), and in many other publications over the last several decades, Julian Simon put forth controversial views regarding the connection between natural resource scarcity, population growth, and economic progress. Simon argued, in contrast to those espousing the limits to growth, that natural resources were not getting scarcer, but more abundant, and that a large and growing population was an asset rather than a liability in the pursuit of economic growth.

Economic Growth in Theory and Practice.

1991 ◽  
Vol 101 (407) ◽  
pp. 999
Author(s):  
Andrew Tylecote ◽  
R. M. Sundrum
Keyword(s):  
Economic Growth ◽  
Theory And Practice

Mexico's Pre-Revolutionary Reckoning with Railroads

1985 ◽  
Vol 42 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Robert W. Randall
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Transportation Network ◽  
Underdeveloped Country ◽  
Role Of The State ◽  
Economic Interpretation ◽  
Short Run ◽  
Railway System ◽  
Economic Considerations

Economic considerations all but dominate recent historical writing in this country about the railroads of Mexico. Technical matters of construction and operation, as well as the role of the state in both, are touched upon, but economic interpretation, whether of the development of a railway system or of its impact on the nation, is the watchword if not catchword of most writing. Probably the leading example of the dominant approach is Growth against Development: The Economic Impact of Railroads in Porfirian Mexico (Northern Illinois University Press, 1981), by John H. Coatsworth, in which the author concludes that, while “the short run contribution of railroads to economic growth was large,” their longrun impact helped “to create the underdeveloped country Mexico has become.” Applying economic theory and measuring, Coatsworth in essence proves with numbers a case argued more elegantly in straight prose early in this century: that the application of a modern transportation network to a staple producing economy will do little more than extend and intensify the production system so as to increase the staple output.

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