Prior Commitment and Uncertainty in Complex Economic Systems: Reinstating History in the Core of Economic Analysis

2017 ◽  
Author(s):  
John Foster
Keyword(s):  
Economic Analysis ◽  
Economic Systems ◽  
The Core

Review: Claudio Celis Bueno, The Attention Economy: Labour, Time and Power in Cognitive Capitalism

2018 ◽  
Vol 35 (7-8) ◽  
pp. 331-337
Author(s):  
Ben Turner
Keyword(s):  
Political Economy ◽  
Economic Systems ◽  
Unanswered Question ◽  
Surplus Value ◽  
The Core ◽  
Attention Economy ◽  
Core Concepts ◽  
Immanent Critique ◽  
Political Project ◽  
Labour Time

How should we conceptualise the turn to attention as a means of producing surplus value? Claudio Celis Bueno answers this question through a consideration of the attention economy in the context of a rethinking of Marxist political economy. Bueno accounts for the development of the economisation of attention through the concepts of value, labour and time, but also investigates how the shift to attention requires us to rethink the basis of these terms. Using the attention economy as an example, he develops a method of immanent critique which rejects a-historical understandings of labour, in order to show how the core concepts of Marxist political economy transform across different economic systems. Despite the clarity of this argument, Bueno opens an interesting but unanswered question as to how one transitions from this insight to a positive political project that may not be compatible with immanent critique.

scholarly journals Attributes of the core of general and intermediate resulting indicators and criteria for assessing economic efficiency of the goal of analysis, evaluation

2019 ◽  
pp. 6-9
Author(s):  
Serhii TKACHENKO ◽  
Olena POTYSHNIAK ◽  
Yevheniia POLIAKOVA
Keyword(s):  
Cost Effectiveness ◽  
Economic Analysis ◽  
Economic Efficiency ◽  
Analysis And Evaluation ◽  
Amount Of Information ◽  
Industrial Enterprises ◽  
The Core ◽  
Analytical Information ◽  
Dynamic Series ◽  
The Relationship

It is substantiated that the core of indicators and criteria for evaluating the economic efficiency of the function of economic and analytical information processing are the following main features that distinguish it from other information sets of functionally developed systems of strategic management of industrial enterprises and research and production associations: breadth of information used (planning and regulatory information, accounting and reporting subsystem information, background and technological information, etc. are used in the process of complex economic analysis and evaluation); a large amount of information stored (the amount of information that ensures the comprehensiveness of the complex economic analysis and evaluation, increases due to the fact that the complex economic analysis and evaluation of the activities of industrial enterprises and scientific and industrial associations is carried out in different time intervals, and due to the fact that the accumulation of indicators and criteria for evaluating economic efficiency in the dynamic series is necessary, while maintaining the relationship between indicators and criteria economic efficiency assessment pitches that relate to different time periods); the complexity of the relationship between the baseline indicators and the criteria for evaluating cost-effectiveness (the structure of information in the core of indicators and criteria for evaluating cost-effectiveness of a function is determined by a system of management objects, mediated by a system of indicators and criteria for evaluating cost-effectiveness, on the one hand, and the methodology of complex economic analysis and estimates – on the other hand, therefore, minimizing basic information implies the existence of complex links between indicators and criteria for evaluating cost-effectiveness); the multidimensionality of the processing of stored information (economic and analytical information obtained as a result of the processing of initial indicators and criteria for evaluating economic efficiency, must meet the requirements of decision-making in the operational management of production, in the development of current, retrospective and prospective plans, etc.). It is proved that the specified features of the kernel of general and intermediate result indicators and criteria of estimation of function efficiency make and corresponding requirements to the choice of system for coordinating it and more.

Insider Trading: A Clash Between Law and Economics

2020 ◽  
Author(s):  
Stephen F. Diamond
Keyword(s):  
Economic Analysis ◽  
Insider Trading ◽  
First Principles ◽  
Law And Economics ◽  
Securities And Exchange Commission ◽  
The Core ◽  
Core Principle ◽  
Consistent Basis ◽  
Successive Generations ◽  
Over Time

Insider trading is not widely understood. Insiders of corporations can, in fact, buy and sell shares of those corporations. But, over time, Congress, the courts and the Securities and Exchange Commission (SEC) have imposed significant limits on such trading. The limits are not always clearly marked and the principles underlying them not always consistent. The core principle is that it is illegal to trade if one is in the possession of material, nonpublic information. But the rationality of this principle has been challenged by successive generations of law and economics scholars, most notably Manne, Easterbrook, Epstein, and Bainbridge. Their “economic” analysis of this contested area of the law provides, arguably, at least a more consistent basis upon which to decide when trades by insiders should, in fact, be disallowed. A return to genuine “first principles” generated by the nature of capitalism, however, allows for more powerful insights into the phenomenon and could lead to more effective regulation.

Same-sex marriage: the irrelevance of the economic approach to law

2010 ◽  
Vol 6 (2) ◽  
pp. 139-149
Author(s):  
Mark D. White
Keyword(s):  
Economic Analysis ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Approach ◽  
Economic Analysis Of Law ◽  
Benefit Analysis ◽  
Same Sex ◽  
Same Sex Marriage ◽  
The Core ◽  
Trade Offs

AbstractSeveral noted legal scholars, most prominently Richard Posner, have applied the economic analysis of law to the debate over same-sex marriage. In this note, I argue that the economic approach to law is ill-equipped to deal with the issues of principle, dignity and rights that are at the core of the debate, regardless of the position taken on the issue. Other scholars, such as Darren Bush, acknowledge the shortcomings of the economic approach, such as the importance of the assumptions on which cost-benefit analysis is made, but they do not appreciate that this is symptomatic of the economic approach as a whole, not merely the application of it by some scholars in some cases. My contention is that the economic approach to law is appropriate regarding issues of policy, where trade-offs are essential and necessary, but not regarding issues of principle, with which trade-offs are not so easily made.

scholarly journals The digital economy in the management of socio-economic relations in the global economy

2021 ◽  
Vol 106 ◽  
pp. 01004
Author(s):  
Fatima Dakhaeva ◽  
Raisa Datsaeva
Keyword(s):  
Economic Analysis ◽  
Exponential Growth ◽  
Global Economy ◽  
Digital Technologies ◽  
Digital Economy ◽  
Social Structures ◽  
Economic Systems ◽  
Economic Relations ◽  
Data Flows ◽  
New Type

The continuing complication of social structures and relations, which are increasingly based on modern digital technologies, causing exponential growth in data flows, brings to the fore the question of the formation of the digital economy. The importance of the ongoing processes made it possible to raise the question of the formation of a new type of economy, where relations with regard to the production, processing, storage, transmission, and use of an increasing amount of data acquire dominant importance. The data become the basis for economic analysis, which examines the patterns of functioning of modern socio-economic systems. According to a number of experts, at present, it is important for an economic agent not to possess any resource, but to have data on this resource and the ability to use it to plan its activities.

System-synergetic aspect of energy and resource saving in construction and housing and communal services in the conditions of greening

2021 ◽  
Author(s):  
Rinad Popov
Keyword(s):  
Environmental Management ◽  
Critical Analysis ◽  
Resource Conservation ◽  
Economic Systems ◽  
Resource Saving ◽  
Public Practice ◽  
The Core ◽  
Capital Construction

The monograph presents a constructive and critical analysis of the organizational foundations of modern practice of energy and resource conservation in territorial and economic systems, the core of which are capital construction and housing and communal services that are closely interrelated. In the form of a discussion, the scientific and applied problems of this area of public practice and the conceptual aspects of its resolution in the views of various authors are considered. The author's own views on a number of aspects of environmental management, energy and resource conservation in capital construction and housing and communal services are substantiated.

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