Efficiency and Equality in a Simple Neoclassical Economy

1984 ◽  
Vol 51 (2) ◽  
pp. 588
Author(s):  
Rubin Saposnik
Keyword(s):  
Neoclassical Economy

scholarly journals Położenie klasowo-własnościowe graczy w profesjonalnych sportach drużynowych

2016 ◽  
pp. 11-35
Author(s):  
Jacek Tittenbrun
Keyword(s):  
Social Sciences ◽  
Empirical Data ◽  
Team Sports ◽  
Economic Rent ◽  
Economic Class ◽  
Starting Point ◽  
The One ◽  
Neoclassical Economy

Although social sciences do not ignore sports altogether, they do not attempt to analyse the class position of players in team sports. Yerefore, the aim of this paper is to conduct such analysis. Ye starting point is introduction of the idea of socio-economic class based on the theory of economic ownership understood as rent. As the term "economic rent" is used in neoclassical economy, I explain the di>erences between that approach and the one used in this paper. Building on theory and on empirical data on the earnings of players, I conclude that while the sports elite undoubtedly represent ownership and bourgeoisie class, the less !nancially attractive leagues or less earning players represent workers owning labour and sometimes that ownership is severely limited.

O pojęciu kapitału w późnym kapitalizmie

2017 ◽  
Vol 61 (0) ◽  
pp. 49-61
Author(s):  
Barbara Markowska
Keyword(s):  
Social Sciences ◽  
Social Capital ◽  
Economic Capital ◽  
Late Capitalism ◽  
The Public ◽  
Complex Relation ◽  
The Social ◽  
The World ◽  
Economic Analyses ◽  
Neoclassical Economy

The concept of capital is one of the most noticeable and at the same time the most unclear concepts organizing not only the field of social sciences, but also the public debate in Poland and in the world. The article analyses two ways of conceptualization of the capital rooted in political and neoclassical economy together with their sociological modifications. The aim of this short reconstruction is to present a complex relation between the economic capital and the social capital treated as moral capital. This ambiguity induces us to ask a question about the significance of shifting this concept from the field of economic analyses to the centre of sociological theories in the context of crisis and transformations of late capitalism.

A Simulation Analysis of the Effects of Population Change on a Neoclassical Economy

1973 ◽  
Vol 81 (2, Part 1) ◽  
pp. 356-375 ◽  
Author(s):  
Frank T. Denton ◽  
Byron G. Spencer
Keyword(s):  
Population Change ◽  
Simulation Analysis ◽  
Neoclassical Economy

scholarly journals Bio-Economy at the Crossroads of Sustainable Development

2020 ◽  
pp. 23-48
Author(s):  
José G. Vargas-Hernández
Keyword(s):  
Sustainable Development ◽  
Scientific Knowledge ◽  
Theoretical Framework ◽  
Strategic Choices ◽  
Scientific Paradigm ◽  
The Core ◽  
Neoclassical Economy

This study aims to review, analyze, and systematize the knowledge created on bio-economy to develop a conceptual and theoretical framework based on the transdisciplinary study of biology and socioeconomy to be used in further research. It begins from the questioning of the benefits that bio-economy has compared to the neoclassical economy. The methods employed are critical analytic, descriptive, deductive-inductive, and it suggests holistic and transdisciplinary approaches. As a result, the core of the study presents the principles under which this new scientific paradigm in sustainable development can continue creating more scientific knowledge to be used in the formulation and implementation of strategic choices for the bio-production, bio-distribution, and bio-consumption processes.

scholarly journals Innovation in contemporary economies

2016 ◽  
Vol 7 (3) ◽  
pp. 451 ◽  
Author(s):  
Elżbieta Pohulak-Żołędowska
Keyword(s):  
Decision Making ◽  
High Risk ◽  
Literature Review ◽  
Research Method ◽  
The State ◽  
Innovation Activity ◽  
Price Mechanism ◽  
Public Data ◽  
Neoclassical Economy ◽  
Critical Literature

The hereby article discusses the issues related to the existing or required support given by the State to enterprises in order to provide them conditions to innovate. Neoclassical economy puts an emphasis to the price mechanism as a decision making effective tool, but enterprises meet many barriers in creating and introducing innovation, like high cost, high risk or lack of demand for innovation. These phenomena tend to inhibit innovation of enterprises. This means that market is not an efficient mechanism for innovation activity of enterprises, and its imperfections provoke the State’s intervention. The goal of the article is to shape the objectives of State’s impact on decisions of innovative enterprises. Research method is the critical literature review and public data on State’s support on business R&D analysis. The research results show State’s support for both – incremental and radical innovation, which proves that innovative activity of enterprises is far from being a spontaneous, market-based process.

Lack of Commitment, Retroactive Taxation, and Macroeconomic Instability

2021 ◽  
Author(s):  
Salvador Ortigueira ◽  
Joana Pereira
Keyword(s):  
Fiscal Policy ◽  
Income Taxation ◽  
Fiscal Year ◽  
Positive Probability ◽  
Economic Fundamentals ◽  
Tax Legislation ◽  
Macroeconomic Instability ◽  
The Government ◽  
Lack Of Commitment ◽  
Neoclassical Economy

Abstract Retroactive tax legislation is constitutional in most high-income countries. In this paper we are concerned with the fiscal and macroeconomic consequences stemming from retroactive income taxation. Within the context of a real neoclassical economy, we find that if the government can set taxes retroactively within the fiscal year—or if there is a positive probability that a future government will be able to use retroactive taxation—then there exists a multiplicity of expectations-driven equilibria. In this case, neither fiscal policy nor macroeconomic aggregates are uniquely pinned down by economic fundamentals. Rather, they are determined by expectations about current and future fiscal policy. This implies that the government is a source of macroeconomic instability. By contrast, a constitutional reform banning the government from using retroactive tax legislation would yield a unique equilibrium, thus removing the possibility of expectations-driven fluctuations.

Can Fiscal Spending be Contractionary in the Neoclassical Economy?

Economica ◽  
1993 ◽  
Vol 60 (239) ◽  
pp. 347 ◽  
Author(s):  
Chi-Chur Chao ◽  
Eden S. H. Yu
Keyword(s):  
Neoclassical Economy ◽  
Fiscal Spending
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