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| interdependence principle economics: Economic Interdependence and International Conflict Edward Deering Mansfield, Brian M. Pollins, 2009-09-15 The claim that open trade promotes peace has sparked heated debate among scholars and policymakers for centuries. Until recently, however, this claim remained untested and largely unexplored. Economic Interdependence and International Conflict clarifies the state of current knowledge about the effects of foreign commerce on political-military relations and identifies the avenues of new research needed to improve our understanding of this relationship. The contributions to this volume offer crucial insights into the political economy of national security, the causes of war, and the politics of global economic relations. Edward D. Mansfield is Hum Rosen Professor of Political Science and Co-Director of the Christopher H. Browne Center for International Politics at the University of Pennsylvania. Brian M. Pollins is Associate Professor of Political Science at Ohio State University and a Research Fellow at the Mershon Center. |
| interdependence principle economics: Economic Interdependence and War Dale C. Copeland, 2014-11-02 Does growing economic interdependence among great powers increase or decrease the chance of conflict and war? Liberals argue that the benefits of trade give states an incentive to stay peaceful. Realists contend that trade compels states to struggle for vital raw materials and markets. Moving beyond the stale liberal-realist debate, Economic Interdependence and War lays out a dynamic theory of expectations that shows under what specific conditions interstate commerce will reduce or heighten the risk of conflict between nations. Taking a broad look at cases spanning two centuries, from the Napoleonic and Crimean wars to the more recent Cold War crises, Dale Copeland demonstrates that when leaders have positive expectations of the future trade environment, they want to remain at peace in order to secure the economic benefits that enhance long-term power. When, however, these expectations turn negative, leaders are likely to fear a loss of access to raw materials and markets, giving them more incentive to initiate crises to protect their commercial interests. The theory of trade expectations holds important implications for the understanding of Sino-American relations since 1985 and for the direction these relations will likely take over the next two decades. Economic Interdependence and War offers sweeping new insights into historical and contemporary global politics and the actual nature of democratic versus economic peace. |
| interdependence principle economics: Vermeer's Hat Timothy Brook, 2010-08-01 In this critical darling Vermeer's captivating and enigmatic paintings become windows that reveal how daily life and thought-from Delft to Beijing--were transformed in the 17th century, when the world first became global. A Vermeer painting shows a military officer in a Dutch sitting room, talking to a laughing girl. In another canvas, fruit spills from a blue-and-white porcelain bowl. Familiar images that captivate us with their beauty--but as Timothy Brook shows us, these intimate pictures actually give us a remarkable view of an expanding world. The officer's dashing hat is made of beaver fur from North America, and it was beaver pelts from America that financed the voyages of explorers seeking routes to China-prized for the porcelains so often shown in Dutch paintings of this time, including Vermeer's. In this dazzling history, Timothy Brook uses Vermeer's works, and other contemporary images from Europe, Asia, and the Americas to trace the rapidly growing web of global trade, and the explosive, transforming, and sometimes destructive changes it wrought in the age when globalization really began. |
| interdependence principle economics: Principles of Economics Alfred Marshall, 1890 |
| interdependence principle economics: Principles of Economics Fred Manville Taylor, 1921 |
| interdependence principle economics: Principles of Economics Betsey Stevenson, Justin Wolfers, 2023-01-25 Stevenson/Wolfers is built around the idea that ‘every decision is an economic decision’. It is the perfect choice for Principles of Economics courses and for economics majors and nonmajors alike. |
| interdependence principle economics: Economics in One Lesson Henry Hazlitt, 2010-08-11 Over a million copies sold! A fundamental influence on modern libertarianism, this classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day. “A magnificent job of theoretical exposition.”—Ayn Rand Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt wrote Economics in One Lesson in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than fifty years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong—and strongly reasoned—anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication. |
| interdependence principle economics: OECD Insights Economic Globalisation Origins and consequences Huwart Jean-Yves, Verdier Loïc, 2013-04-11 This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability. |
| interdependence principle economics: Principles of Agricultural Economics Andrew Barkley, Paul W. Barkley, 2013-03-05 This book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, natural resources and other sectors. The result is an agricultural economics textbook that provides students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making. While the primary focus of the book is on microeconomic aspects, agricultural economics has expanded over recent decades to include issues of macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development. Hence, these topics are also provided with significant coverage. |
| interdependence principle economics: The Uses and Abuses of Weaponized Interdependence Daniel W. Drezner, Henry Farrell, Abraham Newman, 2021 How globalized information networks can be used for strategic advantage Until recently, globalization was viewed, on balance, as an inherently good thing that would benefit people and societies nearly everywhere. Now there is growing concern that some countries will use their position in globalized networks to gain undue influence over other societies through their dominance of information and financial networks, a concept known as weaponized interdependence. In exploring the conditions under which China, Russia, and the United States might be expected to weaponize control of information and manipulate the global economy, the contributors to this volume challenge scholars and practitioners to think differently about foreign economic policy, national security, and statecraft for the twenty-first century. The book addresses such questions as: What areas of the global economy are most vulnerable to unilateral control of information and financial networks? How sustainable is the use of weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations? f weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations?f weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations?f weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations? |
| interdependence principle economics: The Human Rights to Water and Sanitation Léo Heller, 2022-05-12 A comprehensive overview of the human rights to water and sanitation, exploring theoretical, conceptual, and practical aspects. |
| interdependence principle economics: Economic Security Neglected Dimension of National Security? , |
| interdependence principle economics: Three Simple Principles of Trade Policy Douglas A. Irwin, 1996 The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries. |
| interdependence principle economics: Producing Security Stephen G. Brooks, 2007-02-25 Against the background of changing international commerce, no longer synonomous with trade, this book looks at questions of global security & how the dispersion of MNC production acts as a significant force for stability in international affairs. |
| interdependence principle economics: Market Power Politics Stephen E. Gent, Mark J.C. Crescenzi, 2021-01-12 A new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal. How are the Iraqi invasion of Kuwait, the Russian incursions into Ukraine and Georgia, and China's occupation of islands in the South China Sea related? All three of these important moments in modern history were driven by the motivation to capture market power. Whether it was oil for Iraq, natural gas for Russia, or rare earth elements for China, the goal isn't just the commodities themselves--it is the ability to determine their price on the global market. In Market Power Politics, Stephen Gent and Mark Crescenzi develop a new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal. Empirically examining case studies from different regions of the world, they explore how competition between states over market power can create disruptions in the global political economy and potentially lead to territorial aggression and war. They also provide clear policy recommendations, urging international institutions to establish norms that reduce the potential for open conflict. Ultimately, Market Power Politics shows that nations' desire to increase their market power means that the push for territorial expansion will continue to shape the trajectory of world politics. |
| interdependence principle economics: Designing Research in the Social Sciences Martino Maggetti, Claudio Radaelli, Fabrizio Gilardi, 2012-12-18 This innovative research design text will help you make informed choices when carrying out your research project. Covering both qualitative and quantitative approaches, and with examples drawn from a wide range of social science disciplines, the authors explain what is at stake when choosing a research design, and discuss the trade-offs that researchers have to make when considering issues such as: - causality - categories and classification - heterogeneity - interdependence - time This book will appeal to students and researchers looking for an in-depth understanding of research design issues to help them design their projects in a thoughtful and responsible way. |
| interdependence principle economics: Economic Theory and the Cities J. Vernon Henderson, 2014-06-28 The Second Edition of Economic Theory and the Cities has been revised and expanded with both the graduate student and the practicing professional in mind. Providing a state-of-the-art synthesis of important theoretical topics in urban economics, the volume emphasizes the fundamental links between urban economics and new developments in mainstream economic theory. From the Preface: In this book I present what I believe to be the most important theoretical topics in urban economics. Since urban economics is a rather diffuse field, any presentation is necessarily selective, reflecting personal tastes and opinions. Given that, I note on what basis I chose the material that is presented and developed.First, the basic spatial model of a monocentric city is presented, since it lays the foundation for thinking about many of the topics in urban economics. The consideration of space and spatial proximity is one central feature of urban economics that distinguishes it from other branches of economics. The positive and negative externalities generated by activities locating in close spatial proximity are central to analysis of urban phenomena. However, in writing this book I have tried to maintain strong links between urban economics and recent developments in mainstream economic theory. This is reflected in the chapters that follow, which present models of aspects of the most important topics in urban economics--externalities, housing, transportation, local public finance, suburbanization, and community development. In these chapters, concepts from developments in economics over the last decade or so are woven into the traditional approaches to modeling these topics. Examples are the role of contracts in housing markets and community development; portfolio analysis in analyzing housing tenure choice and investment decisions; the time-inconsistency problem in formulating long-term economic relationships between communities, developers, and local governments; search in housing markets; and dynamic analysis in housing markets and traffic scheduling. The book ends with chapters on general equilibrium models of systems of cities, demonstrating how individual cities fit into an economy and interact with each other. This book is written both as a reference book for people in the profession and for use as a graduate text. In this edition, a strong effort has been made to present the material at a level and in a style suitable for graduate students. The edition has greatly expanded the sections on housing and local public finance so these sections could be studied profitably by a broad range of graduate students. Recommended prerequisites are an undergraduate urban economics course and a year of graduate-level microeconomic theory. It is possible that the book can be used in very advanced undergraduate courses if the students are well versed in microeconomics and are quantitatively oriented. - Focus on the basic spatial model of the monocentric city - Expanded sections on housing and local public finance - Discussion of the critical role of spatial proximity of different economic activities, such as housing, transportation, and community development |
| interdependence principle economics: Global Interdependence Akira Iriye, 2014-01-14 Global Interdependence provides a new account of world history from the end of World War II to the present, an era when transnational communities began to challenge the long domination of the nation-state. In this single-volume survey, leading scholars elucidate the political, economic, cultural, and environmental forces that have shaped the planet in the past sixty years. Offering fresh insight into international politics since 1945, Wilfried Loth examines how miscalculations by both the United States and the Soviet Union brought about a Cold War conflict that was not necessarily inevitable. Thomas Zeiler explains how American free-market principles spurred the creation of an entirely new economic order--a global system in which goods and money flowed across national borders at an unprecedented rate, fueling growth for some nations while also creating inequalities in large parts of the Middle East, Latin America, and Africa. From an environmental viewpoint, J. R. McNeill and Peter Engelke contend that humanity has entered a new epoch, the Anthropocene era, in which massive industrialization and population growth have become the most powerful influences upon global ecology. Petra Goedde analyzes how globalization has impacted indigenous cultures and questions the extent to which a generic culture has erased distinctiveness and authenticity. She shows how, paradoxically, the more cultures blended, the more diversified they became as well. Combining these different perspectives, volume editor Akira Iriye presents a model of transnational historiography in which individuals and groups enter history not primarily as citizens of a country but as migrants, tourists, artists, and missionaries--actors who create networks that transcend traditional geopolitical boundaries. |
| interdependence principle economics: A Humane Economy Wilhelm Röpke, 2014-04-08 “A Humane Economy is like a seminar on integral freedom conducted by a professor of uncommon brilliance.” —Wall Street Journal “If any person in our contemporary world is entitled to a hearing it is Wilhelm Röpke.” —New York Times A Humane Economy offers one of the most accessible and compelling explanations of how economies operate ever written. The masterwork of the great twentieth-century economist Wilhelm Röpke, this book presents a sweeping, brilliant exposition of market mechanics and moral philosophy. Röpke cuts through the jargon and statistics that make most economic writing so obscure and confusing. Over and over, the great Swiss economist stresses one simple point: you cannot separate economic principles from human behavior. Röpke’s observations are as relevant today as when they were first set forth a half century ago. He clearly demonstrates how those societies that have embraced free-market principles have achieved phenomenal economic success—and how those that cling to theories of economic centralization endure stagnation and persistent poverty. A Humane Economy shows how economic processes and government policies influence our behavior and choices—to the betterment or detriment of life in those vital and highly fragile human structures we call communities. “It is the precept of ethical and humane behavior, no less than of political wisdom,” Röpke reminds us, “to adapt economic policy to man, not man to economic policy.” |
| interdependence principle economics: Right Relationship Peter Brown, Peter G. Brown, Geoffrey Garver, 2009-02-09 Our current economic system is unsustainable. Its fundamental elements, unlimited growth, and endless wealth accumulation fly in the face of the fact that the Earth's resources are clearly finite. In this work, the authors offer a comprehensive new economic model. |
| interdependence principle economics: Divided Planet Tom Athanasiou, 1998 Global warming. Soil loss. Freshwater scarcity. Extinction. Overconsumption. Toxic waste production. Habitat and biodiversity erosion. These are only a few of our most urgent ecological crises. There are others as well and, despite the popularity of good-news environmentalism, few of them are going away. In this wide-ranging, grimly entertaining commentary on the environmental debate, Tom Athanasiou finds that these problems are exacerbated, if not caused, by the planet's division into warring camps of rich and poor. Writing with passionate intelligence, Athanasiou proposes a simple yet radical solution--stop indulging easy, calming fantasies in which everything seems to change, but nothing important changes at all. Instead, do what needs to be done, now, while there is still time and goodwill. The bottom line, he concludes, is that there will be no sustainability without a large measure of justice. Without profound political and economic change, he argues, there can be no effective global environmental action, no real effort to save the planet. |
| interdependence principle economics: Principles of Microeconomics N. Gregory Mankiw, 1998 |
| interdependence principle economics: Economic Interdependence and Conflict in World Politics Mark J. C. Crescenzi, 2005-01-01 Does economic interdependence lead to peace or conflict between nations? When two countries enter an economic relationship characterized by interdependence, are they constrained in their military behavior toward one another or are they adding one more source of disagreement over which conflict may emerge? Economic Interdependence and Conflict in World Politics aims to solve the interdependence-conflict puzzle by providing answers to these questions. Mark J.C. Crescenzi breaks new ground in his explication of the strategic causal mechanism linking economic interdependence and conflict between nations, providing a new and valuable lens through which international economic ties should be evaluated with respect to their impact on national security. This book is essential reading for scholars and students of international relations. |
| interdependence principle economics: The Microeconomics of Complex Economies Wolfram Elsner, Torsten Heinrich, Henning Schwardt, 2014-04-15 The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. - Describes the usefulness of complex heterodox economics - Emphasizes divergences and convergences with neoclassical economic theories and perspectives - Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters |
| interdependence principle economics: Economic Statecraft David A. Baldwin, 2020-09-22 A new edition of the classic work on the economic tools of foreign policy Today's complex and dangerous world demands a complete understanding of all the techniques of statecraft, not just military ones. David Baldwin's Economic Statecraft presents an analytic framework for evaluating such techniques and uses it to challenge the notion that economic instruments of foreign policy do not work. Integrating insights from economics, political science, psychology, philosophy, history, law, and sociology, this bold and provocative book explains not only the utility of economic statecraft but also its morality, legality, and role in the history of international thought. Economic Statecraft is a landmark work that has fundamentally redefined how nations evaluate crucial choices of war and peace. Now with a substantial new preface by the author and an afterword by esteemed foreign-policy expert Ethan Kapstein, this new edition introduces today's generation of readers to the principles and applications of economic statecraft. |
| interdependence principle economics: Institutional Economics. Vol. II John Rogers Commons, |
| interdependence principle economics: Rise Of The Trading State Out Of Print, 1986-01-23 |
| interdependence principle economics: An Inquiry Into the Nature and Causes of the Wealth of Nations Adam Smith, 1822 |
| interdependence principle economics: Principles of Economics Asia-Pacific Edition with Online Study Tools 12 Months Joshua Gans, Robin Stonecash, Martin Byford, Gregory Mankiw, Stephen King, Ph.D., Jan Libich, 2017-10-26 Principles of Economics 7th edition combines microeconomics and macroeconomics into one volume for students who take a full year's course. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues ' such as climate change and resource taxation, the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, monetary and fiscal policy. |
| interdependence principle economics: The Invisible Hand of Peace Patrick J. McDonald, 2009-03-02 The Invisible Hand of Peace shows that the domestic institutions associated with capitalism, namely private property and competitive market structures, have promoted peace between states over the past two centuries. It employs a wide range of historical and statistical evidence to illustrate both the broad applicability of these claims and their capacity to generate new explanations of critical historical events, such as the emergence of the Anglo-American friendship at the end of the nineteenth century, the outbreak of World War I, and the evolution of the recent conflict across the Taiwan Strait. By showing that this capitalist peace has historically been stronger than the peace among democratic states, these findings also suggest that contemporary American foreign policy should be geared toward promoting economic liberalization rather than democracy in the post-9/11 world. |
| interdependence principle economics: Global Spin Sharon Beder, 1997 Global Spin reveals the sophisticated techniques being used around the world by powerful conservative forces to try to change the way the public and politicians think about the environment. Large corporations are using their influence to reshape public opinion, to weaken gains made by environmentalists, and to turn politicians against increased environmental regulation. The corporations’ techniques include employing specialized PR?firms to set up front groups that promote the corporate agenda whilst posing as public-interest groups; creating ‘astroturf’—artificially created grassroots support for corporate causes; deterring public involvement by imposing SLAPPS—strategic lawsuits against public participation; getting corporate-based ‘environmental educational’ materials into schools; and funding conservative think-tanks, which have persistently tried to cast doubt on the existence of environmental problems and to oppose stricter environmental regulations. In the media, corporate advertising and sponsorship are influencing news content, and industry-funded scientists are often treated as independent experts. This updated edition includes new chapters about the business campaign to prevent action on global warming, and whether Greenpeace’s ideals are being compromised by ‘greenwash’. |
| interdependence principle economics: Principles Econ Games Manual N. Gregory Mankiw, 2000-07 |
| interdependence principle economics: Institutional Economics Malcolm Rutherford, 2017-09-04 This book deals with a variety of issues including matters of method, particularly John R. Commons' pragmatism, the role of scarcity and conflict in economics as opposed to a presumed harmony of interest, and the importance of custom and common law as opposed to individual pleasures and pains. |
| interdependence principle economics: Principles of Conflict Economics Charles H. Anderton, John R. Carter, 2019-04-25 Provides comprehensive, up-to-date coverage of the key themes and principles of conflict economics. |
| interdependence principle economics: Principles of Economics Betsey Stevenson, Justin Wolfers, 2019-12-10 Betsey Stevenson and Justin Wolfers present a new synthesis of economic principles for a new generation of students. Their focus on useful economics employs compelling explanations and real-life examples to help students develop economic intuition and apply it to everyday decisions. The authors provide a fresh take on a wide range of principles topics and develop macroeconomics from its microfoundations in an engaging presentation that has drawn enthusiastic reviews from hundreds of instructors and thousands of students in pre-publication class-tests. This text is available in Achieve, a new, integrated online learning system that features powerful tools for each step of the Learning Path: pre-class, in-class, and post-class. |
| interdependence principle economics: Handbook of Science and Technology Convergence William Bainbridge, Mihail C. Roco, 2016-04-14 Scientists and engineers have long been aware of the tension between narrow specialization and multidisciplinary cooperation, but now a major transformation is in process that will require technical fields to combine far more effectively than formerly in the service of human benefit. This handbook will catalog all the ways this can be accomplished and the reasons it must be. Nature is a single coherent system and diverse methods of scientific and engineering investigations should reflect this interlinked and dynamic unity. Accordingly, general concepts and ideas should be developed systematically in interdependence, with cause-and-effect pathways, for improved outcomes in knowledge, technology and applications. At the same time, industrial and social applications rely on integration of disciplines and unification of knowledge. Thus, convergence is both a fundamental principle of nature and a timely opportunity for human progress. This handbook will represent the culmination of fifteen years of workshops, conferences and publications that initially explored the connections between nanotechnology, biotechnology, information technology and new technologies based on cognitive science. A constant emphasis on human benefit then drew in the social sciences, even as shared scientific and ethical principles brought in sustainability of the Earth environment and the challenge of equitable economic advancement. The intellectual contributions of literally hundreds of scientists and engineers established a number of research methods and analytical principles that could unite disparate fields. The culmination has been called Convergence of Knowledge and Technology for the benefit of Society (CKTS), defined as the escalating and transformative interactions among seemingly different disciplines, technologies, communities and domains of human activity to achieve mutual compatibility, synergism and integration. |
| interdependence principle economics: The Rate and Direction of Inventive Activity National Bureau of Economic Research, 2015-12-08 The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. |
| interdependence principle economics: Emerging Markets and the Global Economy Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen, 2013-12-26 Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan - Concentrates on post-crisis roles of emerging markets in the global economy - Reports on key theoretical and technical developments in emerging financial markets - Forecasts future developments in linkages among developed and emerging economies |
| interdependence principle economics: Governing the Commons Elinor Ostrom, 2015-09-23 The governance of natural resources used by many individuals in common is an issue of increasing concern to policy analysts. Both state control and privatization of resources have been advocated, but neither the state nor the market have been uniformly successful in solving common pool resource problems. After critiquing the foundations of policy analysis as applied to natural resources, Elinor Ostrom here provides a unique body of empirical data to explore conditions under which common pool resource problems have been satisfactorily or unsatisfactorily solved. Dr Ostrom uses institutional analysis to explore different ways - both successful and unsuccessful - of governing the commons. In contrast to the proposition of the 'tragedy of the commons' argument, common pool problems sometimes are solved by voluntary organizations rather than by a coercive state. Among the cases considered are communal tenure in meadows and forests, irrigation communities and other water rights, and fisheries. |
| interdependence principle economics: Universal Economics Armen Albert Alchian, William Richard Allen, 2018 Universal Economics is a new work that bears a strong resemblance to its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh presentation of the analytical tools employed in the economic way of thinking. More than any other principles textbook, Universal Economics develops the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in a modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles. No one has ever done price theory better than Alchian -- that is, no one has ever excelled Alchians ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few -- I can count them on my fingers -- have a claim for being considered to have done price theory as well as he did it. -- Donald Boudreaux, George Mason University. Armen A. Alchian (19142013), one of the twentieth centurys great teachers of economic science, taught at UCLA from 1958 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian. Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagans Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland. |
INTERDEPENDENCE Definition & Meaning - Merriam-Webster
The meaning of INTERDEPENDENCE is the state of being dependent upon one another : mutual dependence. How to use interdependence in a sentence.
INTERDEPENDENCE | English meaning - Cambridge Dictionary
Interdependence is also the idea that everything in nature is connected to and depends on every other thing. interdependence with sth A company's interdependence with its suppliers means …
Interdependence: The Key to Healthy Relationships
Jul 14, 2024 · Interdependence, however, emerges as a beacon of healthy relational dynamics, fostering mutual support and growth. Let's explore these concepts, emphasizing the virtues of …
INTERDEPENDENCE Definition & Meaning - Dictionary.com
Interdependence definition: the quality or condition of being interdependent, or mutually reliant on each other.. See examples of INTERDEPENDENCE used in a sentence.
Interdependence: The meaning and the advantages
Nov 15, 2022 · Interdependence is the state of being interconnected with others. More specifically, it is a situation in which two or more people depend on or affect each other such that the …
INTERDEPENDENCE definition and meaning | Collins English …
Interdependence is the condition of a group of people or things that all depend on each other.
interdependence noun - Definition, pictures, pronunciation and …
interdependence (between/among somebody/something) the fact of depending on each other; the fact of consisting of parts that depend on each other. economic interdependence between …
APA Dictionary of Psychology
Apr 19, 2018 · n. a state in which two or more people, situations, variables, or other entities rely on or react with one another such that one cannot change without affecting the other. Outcome …
Interdependence: Psychology Definition, History & Examples
In psychology, interdependence refers to how people or groups rely on each other and how their actions, thoughts, or feelings affect one another. It’s about understanding that we are not alone …
10 Interdependence Examples (2025) - Helpful Professor
Oct 26, 2023 · Interdependence refers to the connection between two or more individuals or entities where they depend on each other to attain a common objective. If two or more …
INTERDEPENDENCE Definition & Meaning - Merriam-Webster
The meaning of INTERDEPENDENCE is the state of being dependent upon one another : mutual dependence. How to use interdependence in a sentence.
INTERDEPENDENCE | English meaning - Cambridge Diction…
Interdependence is also the idea that everything in nature is connected to and depends on every other thing. …
Interdependence: The Key to Healthy Relationships
Jul 14, 2024 · Interdependence, however, emerges as a beacon of healthy relational dynamics, fostering mutual support and growth. Let's …
INTERDEPENDENCE Definition & Meaning - Dictionary.com
Interdependence definition: the quality or condition of being interdependent, or mutually reliant on each other.. See examples of INTERDEPENDENCE …
Interdependence: The meaning and the advantages
Nov 15, 2022 · Interdependence is the state of being interconnected with others. More specifically, it is a situation in which two or more …
