Economic Theory

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Theory of firms Economics

Theory of firms Economics

June 20, 2017

A microeconomic concept founded in neoclassical economics that states that firms (corporations) exist and make decisions in order to…

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Keynesian Economic theory

Keynesian Economic theory

June 16, 2017

Is there a doctor in the house? The global economy is failing to thrive, and its caretakers are fumbling. Greece took its medicine…

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Economic equilibrium theory

Economic equilibrium theory

May 31, 2017

Andreu Mas-Colell has been doing pioneering work using differential topology in the analysis of general equilibrium. This work is regarded…

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Economic theory of Karl Marx

Economic theory of Karl Marx

May 15, 2017

That dream collapsed before the century had ended. The people of Poland, Hungary, Czechoslovakia, East Germany, Romania, Yugoslavia…

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Economic theories of the Firm

Economic theories of the Firm

May 11, 2017

What is a firm? This may not seem like a question in lack of an answer. In the United States, as in most other countries, it is a registered…

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What are the theories of Economics?

What are the theories of Economics?

May 7, 2017

Two major theories have been battling in America: Keynesian Economic Theory and the Chicago School Economic Theory propounded by the…

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Economic wave theory

Economic wave theory

May 3, 2017

Nikolai Dmyitriyevich Kondratieff (1892 - 1938) Who Was Kondratieff? To introduce the Kondratieff Theory, we must go back over seventy…

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Efficient market theory in Economics

Efficient market theory in Economics

April 29, 2017

The efficient markets hypothesis has historically been one of the main cornerstones of academic finance research. Proposed by the University…

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What is Economic growth theory?

What is Economic growth theory?

April 25, 2017

How do we measure and explain economic growth? This lesson will go through the various theories of economic growth which all try to…

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Neoclassical Economic theory definition

Neoclassical Economic theory definition

April 17, 2017

An approach to economics that relates supply and demand to an individual s rationality and his or her ability to maximize utility or…

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Agency theory Economics

Agency theory Economics

April 9, 2017

The principal-agent problem develops when a principal creates an environment in which an agent s incentives don t align with its own…

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What are the Economic theory?

What are the Economic theory?

March 28, 2017

Classical vs. Keynesian Economics Under classical economic theory, an economy will always move towards equilibrium at full capacity…

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Different Economic theories

Different Economic theories

March 24, 2017

The three most important economists were Adam Smith, Karl Marx, and John Maynard Keynes (pronounced canes). Each was a highly original…

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Positive Economic theory

Positive Economic theory

March 20, 2017

Source: Essays in Positive Economics (1953) publ. University of Chicago Press. Just part of one essay is reproduced here. V. Some Implications…

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Uncertainty, Evolution, and Economic theory

Uncertainty, Evolution, and Economic theory

March 12, 2017

Is an article written in 1950 by economist Armen Alchian (1914-2013). In this article Alchian delineates an evolutionary approach to…

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