Development of Economic Theory on Fisheries Regulation

1979 ◽  
Vol 36 (7) ◽  
pp. 725-741 ◽  
Author(s):  
Anthony Scott
Keyword(s):  
Economic Theory ◽  
Public Choice ◽  
Key Words ◽  
Transactions Costs ◽  
Economic Literature ◽  
Quota System ◽  
Two Systems ◽  
Fisheries Regulation ◽  
Development Of Economic Theory

A survey of the economic literature of fisheries regulation shows that little of analytical value for the comparison of alternative regulatory techniques has emerged. The suggestion that the general literature on regulation, and on public choice, has something to contribute to the understanding of alternative regimes produces eight criteria. These are applied to the choice between two systems of restricting entry: a tax, and quotas. The transactions costs of the two systems are also investigated. The hypothesis is formed that the eight criteria, plus expected transactions costs, give the edge to a quota system; but this is only illustrative of the approach. Key words: regulation, management, costs, quotas, taxes, revenue, licensing

scholarly journals EVOLUTION OF THE CONCEPTS OF THE EFFICIENCY OF THE ENTERPRISE

2017 ◽  
pp. 159-165
Author(s):  
Nazar Arhipov
Keyword(s):  
Economic Theory ◽  
Systematic Approach ◽  
Economic Thought ◽  
Economic Literature ◽  
Market Conditions ◽  
Effective Activity ◽  
Analysis And Synthesis ◽  
Development Of Economic Theory ◽  
Definition Of

Introduction. The problem of the effectiveness of the enterprise does not lose its relevance throughout the development of economic theory. People have always faced the problem to achieve the desired result at the least cost. It is not surprising that the concept of "efficiency" has originally appeared in economic literature, and later it was reflected in other branches of science. It is especially relevant in the applied economy due to the fact that the effective activity of the company is an indispensable condition for its existence in market conditions. Purpose. The article aims to study the evolution of the concept of efficiency and on its basis to clarify the essence of the concept of "efficiency of the operation of the enterprise". Results. The basic stages of the evolution of the concept of efficiency in the scientific economic thought have been determined. The modern approaches to the definition of "efficiency" have been analysed. Author's definition of efficiency has been given. The research which is based on the principles of a systematic approach has used the methods of abstraction, analysis and synthesis, systematization and generalization.

The Mythology of the «Keynesian Crisis» or Where Is Keynes Calling Russia?

Vestnik NSUEM ◽  
2021 ◽  
pp. 22-34
Author(s):  
V. Z. Balikoev
Keyword(s):  
Economic Theory ◽  
Market Economy ◽  
Invisible Hand ◽  
Author State ◽  
State Capitalism ◽  
Free Competition ◽  
Relevant Today ◽  
Laissez Faire ◽  
Government Management ◽  
Development Of Economic Theory

The article analyzes and criticizes a vicious practice of the economists who attribute the ideas to the eminent economists who didn’t elaborate those ideas.The practice existed in the 19th and 20th centuries. It does exist today. It has done a huge damage to the development of economic theory and certain and specific economic sciences. Especially in the last century Keynesianism was at the receiving end since it clearly defined the watershed between the obsolete but die-hard «laissez-faire» economic theory – «invisible hand of the market»,free competition and government management of the economy.In this regard the economic theory constantly faces the question of certain «Keynesianism crisis», allegedly indicative of obsolescence of Keynesianism as economic theory.The article on the contrary proves that «Keynesianism crisis» is far-fetched and of ideological nature. Keynesianism itself is relevant today, more than ever, especially in the conditions of Russia, where, according to invincible belief of the author,state-directed market economy named state capitalism is being formed slowly and surely.

scholarly journals Znaczenie efektu Cantillona w teorii ekonomii

Ekonomia ◽  
2016 ◽  
Vol 22 (3) ◽  
pp. 9-25
Author(s):  
Arkadiusz Sieroń
Keyword(s):  
Economic Theory ◽  
Income Distribution ◽  
Business Cycle ◽  
Public Choice ◽  
Empirical Data ◽  
Central Banking ◽  
Price Bubbles ◽  
Wealth Inequalities

The Role of Cantillon Effect in EconomicsThe aim of this article is to examine the role of the Cantillon effect in economics. The literature of economic theory lacks the detailed discussion of the implications of the first-round effect for economics. This paper attempts to fill this gap. The article is mainly theoretical, but considerations presented are illustrated by relevant empirical data. Based on the analysis, the author concludes that the effect of Cantillon develops particularly the theory of money and inflation, the theory of banking and central banking, the theory of business cycle and price bubbles, the theory of income distribution and income and wealth inequalities, and the theory of public choice.

What is the value of standing timber?: Difficulties in merging theory with reality

1993 ◽  
Vol 69 (6) ◽  
pp. 680-685 ◽  
Author(s):  
Martin K. Luckert ◽  
Jean-Thomas Bernard
Keyword(s):  
Economic Theory ◽  
Key Words ◽  
Imperfect Competition ◽  
Decision Makers ◽  
Economic Rent ◽  
Tenure System ◽  
Forestry Sector ◽  
Forest Tenure ◽  
Residual Values ◽  
Standing Timber

Traditional residual conversion return methods of stumpage appraisal, although consistent with economic theory, are not appropriate for the forestry sector in Canada. Imperfect competition, dynamic residual values, and the forest tenure system pose complications which prevent such methods from adequately representing stumpage values. In developing new stumpage fee systems, decision makers will have to consider these complications and assess whether and how residual conversion return methods may be adjusted to adequately reflect the value of standing timber. Key words: stumpage, residual conversion return, wood values, economic rent

scholarly journals LA FORMALIZZAZIONE MATEMATICA NELLE TEORIE ECONOMICHE: PROBLEMI E PROSPETTIVE

2013 ◽  
pp. 73-89
Author(s):  
Giovanni Marseguerra
Keyword(s):  
Economic Theory ◽  
Social Science ◽  
Quantitative Approach ◽  
Peculiar Feature ◽  
Economic Science ◽  
Real Economy ◽  
The Real ◽  
Mathematical Formalization ◽  
Development Of Economic Theory

Riassunto. – All’interno della comunità degli economisti sembra essere oggi presente un crescente disagio e un diffuso malcontento relativamente alle capacità della modellistica neoclassica di comprendere e spiegare i fenomeni economici. La relazione intende esaminare criticamente il contributo della formalizzazione matematica nelle teorie economiche, mettendo in evidenza sia punti di forza di un tale approccio sia le debolezze insite in un’analisi che rischia spesso di privilegiare la bellezza dello strumento rispetto all’oggetto di studio. Si considerano poi alcune delle moderne prospettive per l’indagine economica offerte dalla modellistica basata sulla simulazione a computer che consente di tener conto della complessità della realtà in misura maggiore di un approccio puramente analitico. Viene infine evidenziata l’importanza di garantire la coesistenza di una pluralità di scuole di pensiero in economia e si esaminano altresì le difficoltà per la valutazione della ricerca provocate dall’esistenza di un paradigma dominante. Nelle conclusioni viene enfatizzata la necessità di considerare l’economia come una vera scienza sociale.***Abstract. – There is today a widespread discontent within the international economists’ community as far as the capacity of the dominant neoclassical paradigm both to enhance our knowledge of economic phenomena and increase our capacity of governing the real economy. Somehow surprisingly, the lack of explicative relevance of the theory went almost hand in hand with the massive use of mathematics to formalize the theory. In order to investigate this peculiar feature of the evolution of economic science, this paper examines the contribution of mathematical formalization to the development of economic theory in the last sixty years pointing out both weaknesses as well as merits of a quantitative approach to economics. Finally, the need to consider economics as a truly social science si strongly emphasized.

The Political Element in the Development of Economic Theory

1954 ◽  
Vol 5 (3) ◽  
pp. 286
Author(s):  
Alan T. Peacock ◽  
Gunnar Myrdal ◽  
Paul Streeten
Keyword(s):  
Economic Theory ◽  
The Political ◽  
Development Of Economic Theory
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