Advertisement
| marginal efficiency of investment definition: The General Theory of Employment, Interest, and Money John Maynard Keynes, 2018-07-20 This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate. |
| marginal efficiency of investment definition: The General Theory of Employment, Interest and Money John Maynard Keynes, 1989 |
| marginal efficiency of investment definition: Macro Economic Analysis , 1981 |
| marginal efficiency of investment definition: Investing in Public Investment Mr.Chris Papageorgiou, Zac Mills, Ms.Era Dabla-Norris, Mr.Jim Brumby, Ms.Annette Kyobe, 2011-02-01 This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Covering 71 countries, including 40 low-income countries, the index allows for benchmarking across regions and country groups and for nuanced policy-relevant analysis and identification of specific areas where reform efforts could be prioritized. Potential research venues are outlined. |
| marginal efficiency of investment definition: , |
| marginal efficiency of investment definition: Investment Michelle Baddeley, 2017-05-09 Investment provides an examination of the key macroeconomic theories which underpin fixed asset investment. It would make ideal reading for an intermediate level macroeconomics course or a module on fixed asset investment taking an applied macroeconomic perspective. |
| marginal efficiency of investment definition: The General Theory Professor Geoffrey Harcourt, Peter Riach, 2006-08-23 Keynes always intended to write 'footnotes' to his masterwork The General Theory, which would take account of the criticisms made of it and allow him to develop and refine his ideas further. However, a number of factors combined to prevent him from doing so before his death in 1946. A wide range of Keynes scholars - including James Tobin, Paul Davidson and Lord Skidelsky - have written here the 'footnotes' that Keynes never did. |
| marginal efficiency of investment definition: Modern Economic Thought Sidney Weintraub, 2016-11-11 This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas. |
| marginal efficiency of investment definition: Keynes’s General Theory Reconsidered in the Context of the Japanese Economy Masayuki Otaki, 2016-05-18 This book reconsiders Keynes’s The General Theory of Employment, Interest and Money and establishes a new interpretation. In contrast to the existing models, this book finds that the stickiness in the nominal wage is not crucial for his theory. Moreover, the author has also succeeds in capturing the concept of liquidity in a rigorous mathematical model. In conjunction with the development of the concept of liquidity, the separation of the decision between savings and capital investment, which plays a key role in the principle of effective demand and denies Say’s law, is exactly and originally formulated. The theory thus developed is applicable to elucidating some serious political economic causes that entrap the long-stagnated Japanese economy. For example, an analytical explanation is provided about why disinflation/deflation incessantly progresses despite the exorbitant expansionary monetary policy (ijigen kin-yuu seisaku) by the Bank of Japan. This phenomenon is an unsolvable question from the quantity-theoretic approaches (e.g., monetarism and new Keynesianism) which, although they differ in assumptions concerning the length of adjustment periods, commonly assume that the price level sooner or later rises in proportion to the quantity of money. Owing much to Keynes, the author’s approach considers that the price level is mainly governed by its marginal prime cost which is equal to the nominal wage as a first approximation. As such, the drastically sagging wages during the past 10 years provoke serious disinflation/deflation. It should be noted that this discussion never depends on the quantity of money. |
| marginal efficiency of investment definition: Investment Management YOGESH MAHESHWARI, 2008-11-03 This book, specifically designed for postgraduate students of manage-ment, finance and commerce for the course in Investment Management or Security Analysis and Portfolio Management, provides a thorough understanding of the concepts and methodologies of investment management. It begins with a sound theoretical introduction to the basic concepts of savings, investments, risk and return, portfolio and financial markets. The text then systematically explains the wide gamut of investment alternatives available to an investor and elucidates the investment markets and processes as prevalent in India. What distinguishes the text is that it emphasizes the practical aspects of the subject. In so doing, the book provides extensive coverage of the tools and techniques of technical analysis. Realizing the fact that investment is becoming more of a systematized and structured activity, the book presents a meticulous treatment of security analysis. This is closely followed by an exclusive chapter on portfolio management which encompasses all the aspects of the selection, maintenance, evaluation and revision of portfolios. The book concludes with an overview of the regulatory environment of investments. Key Features Explains the concepts and processes in the Indian context, thus enabling the students to know the markets and investment procedures in India. Focuses on the practical aspects to help students start investing even while they are doing the course. Provides end-of-chapter questions to drill the students in self-study. Besides postgraduate students of management and commerce, senior undergraduate students of these courses as well as practising managers should find the book extremely useful. |
| marginal efficiency of investment definition: A Dictionary of Economics John Black, Nigar Hashimzade, Gareth Myles, 2012-03-15 This authoritative dictionary covers all aspects of economics including theory, policy, and applied micro and macroeconomics on a global scale. An essential book for professional economists as well as for students and teachers of economics, business, and finance. |
| marginal efficiency of investment definition: A "second Edition" of The General Theory Geoffrey Colin Harcourt, P. A. Riach, 1997 |
| marginal efficiency of investment definition: What Keynes Means Anatol Murad, 1962 The principal ideas and theories of John Maynard Keynes are discusses as the significance of his contribution to economics and pointing out inconsistencies and contradictions in his theories. |
| marginal efficiency of investment definition: Money, Interest and Capital Colin Rogers, 1989-05-11 The novel feature of this study is the application of Keynes' principle of effective demand to demonstrate the existence of a long-run unemployment equilibrium without the assumption of rigid wages. |
| marginal efficiency of investment definition: Macroeconomics After the General Theory Angel Asensio, 2024-07-08 Both Keynes’s General Theory and orthodox economics seek to understand how competitive markets work, but they diverge sharply with respect to the nature and properties of the competitive equilibrium. The reason, as Keynes himself pointed out, is that the General Theory recognises that the future consequences of current decisions are fundamentally uncertain which, contra the orthodox view, radically affects decision-making and the functioning of markets. This book approaches macroeconomics on the basis of the General Theory, of which a new exposition is offered in the first part, purged of the grey areas that resulted from the context in which it was written, and of the considerable confusion generated for almost a century by the vain attempts of orthodox thinking to integrate such novel ideas in its deficient conceptual framework. The second part aims at extending the conceptual framework to the open economy and considering how uncertainty affects international linkages. The third part proposes an integrated conceptual and formal framework for analysing how changes in the national and international context, including macroeconomic policies, affect an economy. This new examination of General Theory is a major addition to the literature on Keynes, macroeconomics, economic theory and the history of economic thought. |
| marginal efficiency of investment definition: Keynes's General Theory and Accumulation A. Asimakopulos, Athanasios Asimakopulos, 1991-06-28 This book makes Keynes's writing on his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand. The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models that try to observe Keynes's warnings about an unknowable future in the type of world we inhabit. |
| marginal efficiency of investment definition: Fiscal Policy within the IS-LM Framework Shahdad Naghshpour, 2014-01-17 Undoubtedly, what happens to the economy affects the lives of the citizens of a country, and often the lives of people in other countries around the globe. In addition to natural disasters two things affect the economy more than anything else: monetary and fiscal policies. Fiscal policy and monetary policy represent forms of government intervention to influence market performance. Fiscal policy relates to government spending and revenue collection; monetary policy relates to the supply of money, which is controlled by factors such as reserve requirements and interest rates. If there were a universally accepted set of rules that prescribe appropriate actions to bring and sustain prosperity to the economy the study of economics would have been a positive science, as opposed to a collection of normative beliefs. The study of these policies is normative in nature because fiscal and monetary policies do not necessarily impact everyone equally or in the same way. In other words not everybody loses or gains equally as the result of fiscal and monetary policies. Nevertheless, there are non-normative economic theories that explain the expected outcome of specific fiscal or monetary policies. The economists that advocate for fiscal or monetary policies generally agree on the economic consequences produced by each policy when implemented. What differentiates the economists is the degree to which they believe in the effectiveness of the policy, their ability to know the extent of the need that it is intended to address, the proper amount of intervention required in order to effect the desired correction, and the length of the time it would take to see the consequence of the policy. This book covers fiscal policy. It is part of a projected two volume set covering fiscal and monetary policies. The two volumes will be written to be complimentary to but independent of each other. |
| marginal efficiency of investment definition: A Lexicon of Economics Kenyon A. Knopf, 2014-05-10 A Lexicon of Economics compiles definitions and abbreviations of many commonly used economic terms and concepts. This book begins by providing a list of abbreviations, acronyms, and foreign phrases, followed by the definition of economic terms that are organized into alphabetical order. This compilation aims to address two difficulties in the idiom of economics—first is the exact use of a very specific definition for a common word that has many diverse meanings in everyday usage, and secondly, the interpretation of acronyms and abbreviations frequently used in economic and financial discussions. This monograph is suitable for professionals who want a handy, clear explanation of the economic terms they hear or read everyday. |
| marginal efficiency of investment definition: Economics , |
| marginal efficiency of investment definition: The Economics of Keynes Mark Hayes, 2008-01-01 In this guide to general theory, Mark Hayes presents Keynes's illustrious work as a sophisticated Marshallian theory fo the competitive equillibrium of the economy as a whole. |
| marginal efficiency of investment definition: Economics For Gce A Level: The Complete Guide (Second Edition) Benjamin Gui Hong Thong, 2023-03-21 The complete study guide to your A Level Economics Exam:This study guide is based on the latest H2 and H1 Economics syllabus of the Singapore-Cambridge General Certificate of Education Advanced Level (GCE A Level) examination.Economics students will find every chapter, complete with diagrams and topical discussions, useful for their learning. It draws extensively on real-world examples, especially those relating to Singapore.Also recommended for pre-tertiary economics assessment, including Cambridge International AS & A Level Economics. |
| marginal efficiency of investment definition: Keynes's Vision Athol Fitzgibbons, 1988-08-11 Keynes's Vision is a readable and thought-provoking essay about the ideas of one of the most influential statesmen of the twentieth century. It shows how John Maynard Keynes formulated a new system of political economy, as different and inspiring as the political economies of Adam Smith or Karl Marx. Keynes based politics and economics on traditional Greek concepts, but his unique system was misunderstood. Athol Fitzgibbons goes back to Keynes's early philosophical works, which have remained neglected or unpublished, and reveals the vision behind them. By tracing it through the Collected Writings, he draws out an unsuspected and evocative theme running through all Keynes's major works. This scholarly study will revise previous ideas about Keynes. It explains in clear language how Keynes understood political and economic matters of significance, and gives a fresh insight into his approach to economic policy. |
| marginal efficiency of investment definition: The Notion of Equilibrium in the Keynesian Theory Mario Sebastiani, 2016-07-27 One of the reasons which make the Keynesian controversy still so live, is the missing distinction between aspects concerning methodology and others pertaining to theory. Another cause of the ongoing debate is to be found in unsettled problems concerning methodology, in primis the concept the equilibrium. Nor could the situation have been different, given, on the one hand, Keynes's manifest disaffection with these matters (especially in The General Theory) and, on the other hand, their implications as regards Keynesian economic theory and policy. The aim of this volume ensues from this analysis; accordingly, a wide spectrum of questions of method are considered and different interpretations of Keynes's approach in this field are taken into consideration. |
| marginal efficiency of investment definition: Macroeconomics William Mitchell, L. Randall Wray, Martin Watts, 2019-02-08 This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics and valuable historical context, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of use. |
| marginal efficiency of investment definition: Efficient Asset Management Richard O. Michaud, Robert O. Michaud, 2008-03-03 In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the single most important limitation of MV optimization is oversensitivity to estimation error. Portfolio optimization requires a modern statistical perspective. Efficient Asset Management, Second Edition uses Monte Carlo resampling to address information uncertainty and define Resampled Efficiency (RE) technology. RE optimized portfolios represent a new definition of portfolio optimality that is more investment intuitive, robust, and provably investment effective. RE rebalancing provides the first rigorous portfolio trading, monitoring, and asset importance rules, avoiding widespread ad hoc methods in current practice. The Second Edition resolves several open issues and misunderstandings that have emerged since the original edition. The new edition includes new proofs of effectiveness, substantial revisions of statistical estimation, extensive discussion of long-short optimization, and new tools for dealing with estimation error in applications and enhancing computational efficiency. RE optimization is shown to be a Bayesian-based generalization and enhancement of Markowitz's solution. RE technology corrects many current practices that may adversely impact the investment value of trillions of dollars under current asset management. RE optimization technology may also be useful in other financial optimizations and more generally in multivariate estimation contexts of information uncertainty with Bayesian linear constraints. Michaud and Michaud's new book includes numerous additional proposals to enhance investment value including Stein and Bayesian methods for improved input estimation, the use of portfolio priors, and an economic perspective for asset-liability optimization. Applications include investment policy, asset allocation, and equity portfolio optimization. A simple global asset allocation problem illustrates portfolio optimization techniques. A final chapter includes practical advice for avoiding simple portfolio design errors. With its important implications for investment practice, Efficient Asset Management 's highly intuitive yet rigorous approach to defining optimal portfolios will appeal to investment management executives, consultants, brokers, and anyone seeking to stay abreast of current investment technology. Through practical examples and illustrations, Michaud and Michaud update the practice of optimization for modern investment management. |
| marginal efficiency of investment definition: The Nature of Economic Thought G. L. S. Shackle, 2010-06-24 A collection of Professor Shackle's articles examining economics not as pure logic but as part of the nature of man. |
| marginal efficiency of investment definition: Economic Theory and Social Justice Giancarlo Gandalfo, Ferrucio Marzano, 1999-01-12 There is a powerful and enduring economic tradition which holds that a paramount concern for economists should be the promotion of social justice. This book collects essays by many of the best known contemporary economists, in memory of Fausto Vicarelli, a leading figure in Keynesian economics. The contributors discuss the role of economic theory in tackling poverty and unemployment in both the developed and developing world and in promoting a new international economic order. The outstanding international team of contributors includes Anthony. B. Atkinson, Paul Davidson, Jan Kregel, James Tobin and Hyman P. Mynsky. |
| marginal efficiency of investment definition: Readings in Managerial Economics I. B. Ibrahim, K. K. Seo, P. G. Vlachos, 2013-10-22 Readings in Managerial Economics is a five-part book that deals with the major subject areas of decision making; forecasting and demand analysis; production and cost; pricing and market structure; and capital budgeting and profit. This book combines a number of diverse articles, selected from recent issues of over fifty leading professional publication. Some of the articles deal principally with theory, some with applications, and some with both. This book will be useful for students and executives interested in this subject matter. |
| marginal efficiency of investment definition: Keynes and His Battles The late Gilles Dostaler, 2007-01-01 This fascinating book is the first to bring together and examine all aspects of the life and work of one of the most influential thinkers of the last century, John Maynard Keynes, whose theses are still hotly debated. It combines, in an accessible, unique and cohesive manner, analytical, biographical and contextual elements from a variety of perspectives. Gilles Dostaler studies in detail the battles that Keynes led on various fronts - politics, philosophy, art, and of course economics - in the pursuit of a single and lifelong goal: to radically transform society to create a better world, a world pacified and freed from the neurotic pursuit of financial wealth and economic rentability, with art at its pinnacle. Containing detailed presentations of the Bloomsbury group and the political history of Great Britain, Keynes and his Battles is an essential reference to this most important of 20th century figures whose central message remains as topical today as it ever was. The study also contains a unique chronology of Keynes¿s life and historical events, portraits of Keynes by his friends and contemporaries, as well as a full bibliography of all his books, chapters contributed to books, journal articles and reviews. Scholars, students and researchers of economics - the history of economic thought in particular - political science, sociology, history, philosophy and the history of arts will find this an absorbing and revealing work. The book should also interest journalists, decision makers in society and all those who are preoccupied by the problems of our time. |
| marginal efficiency of investment definition: Investment under Uncertainty Robert K. Dixit, Robert S. Pindyck, 2012-07-14 How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems. |
| marginal efficiency of investment definition: Rethinking the Keynesian Revolution Tyler Beck Goodspeed, 2012-06-04 While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, Wicksellian vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training. |
| marginal efficiency of investment definition: Capital and Employment Murray Milgate, 2014-05-10 Studies in Political Economy: Capital and Employment: A Study of Keynes's Economics focuses on the inquiry into Keynesian economics, particularly the relationship of capital and employment. The publication first underscores the contemporary position of 'Keynesian' economics, traditional long-period method of economic analysis, and theoretical systems and the long-period method. Discussions focus on the structure of classical economic theory, structure of marginalist economic theory, and the traditional long-period method of economic analysis. The text then ponders on the analysis of deviations from long-period positions, principle of effective demand, and the theory of capital and theory of employment. Topics include Keynes on the 'classical' theory of interest, capital and employment, inflexibility of money-wages, long-period theory of output and employment, and principle of effective demand. The book takes a look at the theoretical system of the treatise versus the general theory and the method of analysis in the treatise and the general theory, including the conceptual framework of the treatise on money and general theory and the natural rate of interest and level of employment. The publication is a valuable reference for economists and researchers interested in the relationship of capital and employment. |
| marginal efficiency of investment definition: The Failure of the "New Economics": An Analysis of the Keynesian Fallacies Henry Hazlitt, 2016-03-28 First published in 1959, this is a line-by-line commentary and refutation of one of the most destructive, fallacious, and convoluted books of the century: John Maynard Keynes’s General Theory, published in 1936. In economic science, Keynes changed everything. He supposedly demonstrated that prices don’t work, that private investment is unstable, that sound money is intolerable, and that government was needed to shore up the system and save it. It was simply astonishing how economists the world over put up with this, but it happened. He converted a whole generation in the late period of the Great Depression. By the 1950s, almost everyone was Keynesian. However, Hazlitt, the nation’s economics teacher, would have none of it. And he did the hard work of actually going through the book to evaluate its logic according to Austrian-style logical reasoning. “Hazlitt’s fine critique of Keynes is a worthy complement to Mises’ Human Action. Henry Hazlitt, a renowned economic journalist, is a better economist than a whole host of sterile academicians, and, in contrast to many of them, he is distinguished by courage: the courage to remain an “Austrian” in the teeth of the Keynesian holocaust, alongside Mises and F. A. Hayek. On its merits, this book should conquer the economics profession as rapidly as did Keynes. But whether the currently fashionable economists read and digest The Failure of the “New Economics” or not is, in the long run, immaterial: it will be read and it will destroy the Keynesian System.”—Murray Rothbard |
| marginal efficiency of investment definition: Macroeconomics and New Macroeconomics Bernhard Felderer, Stefan Homburg, 1992-08-21 This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is written primarily for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic but orthodoxy by orthodoxy. Thus, the main approaches, like Classical theory, Keynesian theory, theory of portfolio selection, Monetarism, Rational Expectations theory, and Neokeynesian disequilibrium theory are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained chapter, and the authors have taken great pains to bring out the relations and differences between them. A mathematical appendix reviews those mathematical facts which are especially important for macroeconomic models and serves to make the text easy to read. |
| marginal efficiency of investment definition: Keynesian Economics Mabel F. Timlin, 1977-01-01 |
| marginal efficiency of investment definition: Keynes’ General Theory NA NA, 2015-12-25 |
| marginal efficiency of investment definition: Disparate Regional Development in Brazil Adriana Amado, 2018-12-17 Published in 1997, an analysis of the regional development problem in Brazil from a monetary perspective. The author deals with the vicious circles generated in a country with strong regional disparities, emphasizing the link between real and financial problems. Some elements of dependency theory and of post-Keynesian monetary theory are adopted to create a new model which can cope with both financial and real problems in the same framework. State policies for the regions are also examined and the study finds that they are inadequate in the prevention of the vicious circles which lead to disparate regional growth. |
| marginal efficiency of investment definition: Competing Schools of Economic Thought Lefteris Tsoulfidis, 2024-08-01 This book presents a comprehensive overview of the development of various schools of economic thought. Written for students of economics and anyone interested in the history of economics, it introduces the economic thinking of major economists, including Adam Smith, David Ricardo, Karl Marx, and John Maynard Keynes, and explains how classical economics and modern schools of economic thought evolved also in relation to the social conditions and real economic problems they were trying to address. It covers topics such as the evolution of classical economics, the marginal revolution, the theory of capital and the Cambridge controversies, Keynes’s General Theory, the neoclassical synthesis, and the history of macroeconomics. The author also reflects on the contemporary influence of various schools of economic thought and what answers they offer to present-day problems. The second edition is completely updated and offers two new chapters, one on the methodology of economics and another on economic growth. The final chapter presents and critically evaluates developments in macroeconomics in the years after the Great Recession. |
| marginal efficiency of investment definition: Socialist Investment Cycles Peter Mihályi, 2012-12-06 by Peter J. D. Wiles Professor Emeritus University of London There are two sorts of writers of prefaces: the obliging and the disobliging. Surely Peter MiMlyi knows where to place me in this taxonomy. For the most part I write my own irrelevant opinions, but there was one act of gross interference: my insistence on a point he had already quietly made, the greater stability of the production of consumer goods under Communism even of food, if we exclude bad harvests. The many Marxist and some other scholars who wrote about Dr. Mih |
| marginal efficiency of investment definition: Mathematical Macroeconomic Models Mokhtar M. Metwally, 1995 |
MARGINAL Definition & Meaning - Merriam-Webster
The meaning of MARGINAL is written or printed in the margin of a page or sheet. How to use marginal in a sentence.
MARGINAL | English meaning - Cambridge Dictionary
MARGINAL definition: 1. very small in amount or effect: 2. of interest to only a few people: 3. the idea that small…. Learn more.
MARGINAL Definition & Meaning - Dictionary.com
of minor importance, significance, relevance, or effect: Grids using even larger voltages are now being constructed, but will probably make only a marginal improvement in costs. Ethics is not …
Marginal - definition of marginal by The Free Dictionary
1. pertaining to a margin. 2. situated on a border, edge, or fringe. 3. at the lower limits; minimal for requirements: marginal ability. 4. written or printed in the margin of a page. 5. insignificant; …
What does Marginal mean? - Definitions.net
Marginal refers to the additional or incremental change brought about by a specific decision or action. It is often used in economics and finance to describe the change in revenue, cost, or …
MARGINAL | definition in the Cambridge Learner’s Dictionary
MARGINAL meaning: small and not important: . Learn more.
West Seattle Blog… | TRAFFIC ALERT: West Marginal Way …
22 hours ago · West Marginal Way is blocked by downed power lines near Front Street (just north of Highland Park Way). According to police, they came down when a driver flipped a Tesla, …
MARGINAL definition and meaning | Collins English Dictionary
If you describe people as marginal, you mean that they are not involved in the main events or developments in society because they are poor or have no power.
MARGINAL | definition in the Cambridge English Dictionary
MARGINAL meaning: 1. very small in amount or effect: 2. of interest to only a few people: 3. the idea that small…. Learn more.
Understanding Your Tax Rates: Marginal vs. Effective
If your marginal rate is 24%, a $1,000 raise means about $240 goes to federal income tax, leaving you with $760 (before other taxes like Social Security or state taxes). Understanding …
MARGINAL Definition & Meaning - Merriam-Webster
The meaning of MARGINAL is written or printed in the margin of a page or sheet. How to use marginal in a sentence.
MARGINAL | English meaning - Cambridge Dictionary
MARGINAL definition: 1. very small in amount or effect: 2. of interest to only a few people: 3. the idea that small…. Learn more.
MARGINAL Definition & Meaning - Dictionary.com
of minor importance, significance, relevance, or effect: Grids using even larger voltages are now being constructed, but will probably make only a marginal improvement in costs. Ethics is not …
Marginal - definition of marginal by The Free Dictionary
1. pertaining to a margin. 2. situated on a border, edge, or fringe. 3. at the lower limits; minimal for requirements: marginal ability. 4. written or printed in the margin of a page. 5. insignificant; …
What does Marginal mean? - Definitions.net
Marginal refers to the additional or incremental change brought about by a specific decision or action. It is often used in economics and finance to describe the change in revenue, cost, or …
MARGINAL | definition in the Cambridge Learner’s Dictionary
MARGINAL meaning: small and not important: . Learn more.
West Seattle Blog… | TRAFFIC ALERT: West Marginal Way …
22 hours ago · West Marginal Way is blocked by downed power lines near Front Street (just north of Highland Park Way). According to police, they came down when a driver flipped a Tesla, …
MARGINAL definition and meaning | Collins English Dictionary
If you describe people as marginal, you mean that they are not involved in the main events or developments in society because they are poor or have no power.
MARGINAL | definition in the Cambridge English Dictionary
MARGINAL meaning: 1. very small in amount or effect: 2. of interest to only a few people: 3. the idea that small…. Learn more.
Understanding Your Tax Rates: Marginal vs. Effective
If your marginal rate is 24%, a $1,000 raise means about $240 goes to federal income tax, leaving you with $760 (before other taxes like Social Security or state taxes). Understanding …
