scholarly journals Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations.

2015 ◽  
Author(s):  
Carmelo Ferlito
Keyword(s):  
Rate Of Profit ◽  
Cambridge School

Role of Different School Systems in Cognitive Abilities & Academic Achievement of Adolescents

2019 ◽  
Vol 34 (Spring 2019) ◽  
pp. 25-41
Author(s):  
Sidra Iqbal ◽  
Mah Nazir Riaz
Keyword(s):  
Academic Achievement ◽  
Secondary School ◽  
School System ◽  
Cognitive Abilities ◽  
Secondary School Student ◽  
School Systems ◽  
Raven's Standard Progressive Matrices ◽  
Post Hoc ◽  
Cambridge School

The present study compared cognitive abilities and academic achievement of adolescents studying in three different school systems namely Urdu medium schools, English medium schools, and Cambridge system schools. The sample comprised of 1001 secondary school student. Cognitive abilities were assessed by Raven’s Standard Progressive Matrices (1960) and marks obtained by the students in the last annual examination were used as an index of academic achievement. Results showed that cognitive abilities of the students were positively associated with academic achievement of the respondents. It was further found that cognitive abilities and academic achievement of students studying in Cambridge school system was better as compared to those studying in other systems. Post-hoc comparison revealed that level of academic achievement of Urdu medium schools was lower as compared to English medium and Cambridge system of schools. The findings suggest that difference in schooling system influenced cognitive abilities and academic achievement of the students. Results further demonstrated that gender was a significant predictor of academic achievement in both Urdu and English medium schools. Future implications of the study were also discussed.

A Dynamic Investment Model with Profit-Sharing in an Interest-Free Economy

1991 ◽  
Vol 8 (1) ◽  
pp. 109-127
Author(s):  
Zaidi Sattar
Keyword(s):  
Optimal Investment ◽  
Integrated Approach ◽  
Building Blocks ◽  
Profit Sharing ◽  
Comparative Statics ◽  
Investment Model ◽  
Financial Contracts ◽  
Endogenous Variables ◽  
Rate Of Profit ◽  
Component Models

The present paper is a contribution to the building blocks of an investmentmodel within the framework of an integrated macroeconomic model of anIslamic economy. Investment behavior in the model is guided by an Islamicethicalvalue system and profit-sharing financial contracts. The typical firm’sinvestment decision is believed to emerge from a dynamic inter-temporalmaximization exercise within an infinite time horizon. The method of Calculusof Variations is applied to arrive at the optimal investment and employmentcriteria for the firm. The result is then incorporated into a macroeconomicmodel to study the behavior of key endogenous variables like national incomeand the rate of profit-share. Comparative statics exercised within a generalequilibrium framework reveal the potency of monetary policy but the neutralityof fiscal policy with respect to output and employment.IntroductionThe past decade has witnessed a tremendous outpouring of interest aswell as effort in the formalization of economic models based on profit-sharingfinancial arrangements as an Islamic alternative to the conventional interestbasedeconomic system. Several macroeconomic models for interest-freeeconomies have been proposed (Anwar 1987; Habibi 1987; Metwally 1981& 1983). The rigor of an integrated approach to such macroeconomic modelhgdepends on the rigor of the component models, namely, the consumption,investment, monetary, and fiscal relationships. Economists have writtenextensively on different aspects of consumer behavior in Islamic societies.Kahf (1978) and Khan (1984), among others, have contributed to the conceptualand analytical formulation of the consumption function under ...

The Payoff Period and the Rate of Profit

1955 ◽  
Vol 28 (4) ◽  
pp. 253 ◽  
Author(s):  
Myron J. Gordon
Keyword(s):  
Rate Of Profit ◽  
Payoff Period

The Falling Rate of Profit under Constant Rate of Exploitation: A Generalization

2021 ◽  
pp. 048661342110058
Author(s):  
Junshang Liang
Keyword(s):  
Technical Change ◽  
Jel Classification ◽  
Sector Model ◽  
Constant Rate ◽  
Consumption Goods ◽  
Rate Of Profit

In a two-sector model with circulating capital, Laibman (1982) shows that a capital-using and labor-saving technical change in the consumption goods sector lowers the rate of profit under the assumption of constant rate of exploitation. This paper generalizes his finding in a two-department multi-sector model that considers the capital advanced. JEL Classification: B51, C67

“THE MERCHANTS OF CADIZ AND LISBON”: PARSIMONY, THE RATE OF PROFIT, AND ACCUMULATION IN WEALTH OF NATIONS

2013 ◽  
Vol 35 (1) ◽  
pp. 63-76 ◽  
Author(s):  
A.M.C. WATERMAN
Keyword(s):  
Population Growth ◽  
Capital Accumulation ◽  
Causal Relation ◽  
High Income ◽  
High Rate ◽  
Wealth Of Nations ◽  
Rate Of Profit ◽  
Negative Growth

In Wealth of Nations, a high rate of profit is associated with sluggish or even negative growth, and vice versa. This is because capital accumulation (and therefore population growth) is driven by parsimony of the masters; and the incentive to self-denial is eroded by a high income too easily obtained. The causal relation between parsimony, the rate of profit, and accumulation is explicated in this article; Adam Smith’s observations concerning “the merchants of Cadiz and Lisbon” examined critically; and some conjectures offered as to why Smith’s successors should have rejected parsimony as a useful concept.

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