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Author: Jesús Huerta de Soto
Publisher: Taylor & Francis
ISBN: 041542769X
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
This book gathers a collection of multidisciplinary essays by Jess Huerta de Soto, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions.
Author: Jesús Huerta de Soto
Publisher: Taylor & Francis
ISBN: 041542769X
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
This book gathers a collection of multidisciplinary essays by Jess Huerta de Soto, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions.
Author: Steven C. Hackett
Publisher: M.E. Sharpe
ISBN: 9780765606822
Category : Business & Economics
Languages : en
Pages : 460
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Book Description
With over 25% new material, this new edition of Environmental and Natural Resources Economics offers an accessible and balanced treatment of economic theory and policy relating to the environment, as well as a thorough overview of the economics of sustainability. Intended for both students and practioners, the book has been completely updated to include discussion and analysis of the latest U.S. and international environmental policy initiatives -- such as the Kyoto Protocol--and how they affect the global economy. Fully-integrated web source linkages have also been added throughout to enable all readers to make better use of the book's own website and a myriad of other available internet resources for research and supplemental reading on this crucial subject
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Book Description
Author: Elvira Silva
Publisher: Oxford University Press, USA
ISBN: 0190919477
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
"The book takes on a systematic treatment of dynamic decision making and performance measurement. The analytical foundations of the dynamic production technology are introduced and developed in detail for several primal representations of the technology with an emphasis on dynamic directional distance functions. Dynamic cost minimization and dynamic profit maximization are developed for primal and dual representations of the dynamic technology. A dynamic production environment can be characterized as one where current production decisions impact future production possibilities. Consequently, the dynamic perspective of production relationships necessarily involves the close interplay between stock and flow elements in the transformation process, and how current decisions impact the changes in future stocks. Stock elements in the production transformation process can involve physical elements that can be effectively employed in the transformation process that can include the stock of technical knowledge and expertise available to the decision maker during the decision period. The dynamic generalization of concepts measuring the production structure (e.g., economies of scale, economies of scope, capacity utilization) and performance (e.g., allocative, scale and technical inefficiency, productivity) are developed from primal and dual perspectives"--
Author: Jati Sengupta
Publisher: Springer Science & Business Media
ISBN: 3540247912
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research. Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of the US computer industry, and the relative performance of mutual fund portfolios.
Author: Jati Sengupta
Publisher: Springer Science & Business Media
ISBN: 9401585067
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Data envelopment analysis develops a set of nonparametric and semiparametric techniques for measuring economic efficiency among firms and nonprofit organizations. Over the past decade this technique has found most widespread applications in public sector organizations. However these applications have been mostly static. This monograph extends this static framework of efficiency analysis in several new directions. These include but are not limited to the following: (1) a dynamic view of the production and cost frontier, where capital inputs are treated differently from the current inputs, (2) a direct role of the technological progress and regress, which is so often stressed in total factor productivity discussion in modem growth theory in economics, (3) stochastic efficiency in a dynamic setting, where reliability improvement competes with technical efficiency, (4) flexible manufacturing systems, where flexibility of the production process and the economies of scope play an important role in efficiency analysis and (5) the role of economic factors such as externalities and input interdependences. Efficiency is viewed here in the framework of a general systems theory model. Such a view is intended to broaden the scope of applications of this promising new technique of data envelopment analysis. The monograph stresses the various applied aspects of the dynamic theory, so that it can be empirically implemented in different situations. As far as possible abstract mathematical treatments are avoided and emphasis placed on the statistical examples and empirical illustrations.
Author: Jesús Huerta de Soto
Publisher: Ludwig von Mises Institute
ISBN: 1610163885
Category : Banks and banking
Languages : en
Pages : 938
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Book Description
Author: Stefan Homburg
Publisher: Springer Science & Business Media
ISBN: 3642581285
Category : Business & Economics
Languages : en
Pages : 110
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Book Description
The book is about the well-known problem that a perfectly competitive economy, even if endowed with perfect foresight, can grow in an efficient manner. The causes of this strange inefficiency are analyzed, and sufficientconditions for efficient economic growth are discussed. The most important contribution is the elaboration of a rather well-known, yet unproved, hypothesis which says that the existence of a nonproducible productive asset, like land, prevents dynamic inefficiency. This is shown to hold outside steady state growth paths. Applications of the theoretical concepts and results are straightforward and are discussed in detail. The applications include the efficient use of exhaustible resources over time, the possibility of "bubbles" in financial markets, the theory of interest rates, and questions concerning optimal social security.
Author: Bela Balassa
Publisher: Routledge
ISBN: 1136646302
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects. In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention – in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).
Author: Leonidas Zelmanovitz
Publisher: Lexington Books
ISBN: 0739195123
Category : Business & Economics
Languages : en
Pages : 488
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Book Description
The central thesis of the book is that in order to evaluate monetary policy, one should have a clear idea about the characteristics and functions of money as it evolved and in its current form. That is to say that without an understanding about how money evolved as a social institution, what it is today, and what is possible to know about monetary phenomena, it is not possible to develop a meaningful ethics for money; or, to put it differently, to find what kind of institutional arrangements may be deemed good money for the kind of society we are in. And without that, one faces severe limitations in offering a normative position about monetary policy. The project is, consequently, an interdisciplinary one. Its main thread is an inquiry of moral philosophy and its foundations, as applied to money, in order to create tools to evaluate public policy in regard to money, banking, and public finance; and the views of different schools on those topics are discussed. The book is organized in parts on metaphysics, epistemology, ethics and politics of money to facilitate the presentation of all the subjects discussed to an educated readership (and not necessarily just one with a background in economics).
