He carried under his arm a flat, grey portfolio of black-and-white sketches, which he had sold with more or less success to publishers ever since his uncle (who was an admiral) had disinherited him for Socialism, because of a lecture which he had delivered against that economic theory
. His name was John Turnbull Angus.
Most of them know no more of the economic theory
of Socialism than they know of Chaldee; but they no longer fear or condemn its name.
"This is the perfect example of the economic theory
that when there is an abundance of supply, prices will drop.
He declined to answer, but instead reiterated his belief that Marxist economic theory
must be taken into account when formulating policy.
They discuss economics and the economic system; the history of nature in an economic context; economic growth and whether it can be combined with nature conservation; natural resources, particularly the exploitation and exhaustion of non-renewable resources and depletable renewable resources; labor, capital, and land; welfare theory; social cost benefit analysis as a tool and its economic theory
; the valuation of nature; and landscape economics.
According to classical economic theory
, forces of supply and demand in the labor market would ensure full employment.
According to the classical economic theory
, forces of supply and demand in the labour market would ensure full employment.
As coeditor in charge of "Theoretical Approaches to Innovative Data," it is my charge (largely self-appointed albeit strongly supported by the leadership team at Economic Inquiry) to ensure that economic theory
is centrally placed in this inevitable process of growth.
Michael Turk has written an ambitious book on one of the central problems of economics: the relationship between economic theory
and historical time.
I try to be at the forefront of appraisal technology, but after reading Misbehaving: The Making of Behavioral Economics I feel like I have been asleep at the wheel when it comes to economic theory
. The bad news is that there is a sea change happening in economics that refutes some core theoretical axioms of our profession.
His research combines economic theory
and historical evidence to explain long-term changes in politics, society, and the economy, with particular attention to economic growth and political development.
Economics versus Reality: How to Be Effective in the Real World in Spite of Economic Theory
belongs in any college-level collection strong in economic theory
and history, and offers an intriguing comparison between real world economics and textbook scenarios of the subject.