scholarly journals Environmental Policy, Full-Employment Models, and Employment: A Critical Analysis

2018 ◽  
Author(s):  
Marc A. Hafstead ◽  
Roberton Williams ◽  
Yunguang Chen
Author(s):  
Anna Spoz ◽  
Marian Żukowski

Public interest entities are socially and economically important elements of the economy. Since 2017 some of them have been obliged to prepare non-financial statements, which should contain among others a description of the policies pursued by the entity with regard to environmental issues. In this chapter, the authors analyzed the scope of environmental matters disclosed with non-financial statement and positively verified the hypothesis according to which the environmental issues in reporting of public interest entities increase the usefulness of the financial statement for stakeholders. Public interest entities fulfil their duties, but the scope and specificity of data contained in the statement on non-financial information differed between entities. Imposing requirement to annually present activities undertaken in environmental matters can make entities more sensitive to these issues and raise efficiently of implementation of the environmental policy. The research methods used in the study are a critical analysis of the literature, description, analysis, and synthesis methods.


2019 ◽  
Vol 37 (72) ◽  
Author(s):  
André Cutrim Carvalho ◽  
David Ferreira Carvalho

The classical theory of the rate of interest is the theory that mainstream economists inherited chiefly from Marshall, Ricardo and Wicksell, and is also this same theory that John Maynard Keynes criticizes in his General Theory for presenting an explanation centered solely on the special case of full employment. Despite the difficulties, Keynes offered a scathing critique of the theory of the rate of interest from both classical and neoclassical economists. This was only made possible because the traditional rationale of these economists remained imprisoned by the trap set by Say's Law. Therefore, within this context, the main objective of this paper is to undertake a critical analysis of Keynes regarding the classical general theory of the rate of interest, through which we may then demonstrate the points on which he was in disagreement with the neoclassical school. The main conclusion is that Keynes considered that traditional analysis is defective because it was unable to identify the independent variables of the system. Indeed, savings and investment are determined variables and not the determinants of the dynamics of the capitalist economic system. Such determined variables are the twin product of the true determinants, i.e., from the propensity to consume, from the scale of the marginal efficiency of capital and from the interest rates, and this is why the flow of investments tends to expand until the marginal efficiency of capital remains at the rate of interest.


2007 ◽  
Vol 177 (4S) ◽  
pp. 126-126
Author(s):  
Matthew E. Nielsen ◽  
Danil V. Makarov ◽  
Elizabeth B. Humphreys ◽  
Leslie A. Mangold ◽  
Alan W. Partin ◽  
...  

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