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Author: Frank Hyneman Knight
Publisher:
ISBN: 9781549604126
Category :
Languages : en
Pages : 50
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Book Description
"Great difficulties are met with in stating a clear and straightforward exposition of price theory because of the fact that the given conditions or data of the problem are so different according to the length of the time period which the explanation takes into account. The forces which immediately regulate prices are different from those which ultimately control, and there are degrees or stages in both immediateness and ultimateness."...
Author: Frank Hyneman Knight
Publisher:
ISBN: 9781549604126
Category :
Languages : en
Pages : 50
Get Book Here
Book Description
"Great difficulties are met with in stating a clear and straightforward exposition of price theory because of the fact that the given conditions or data of the problem are so different according to the length of the time period which the explanation takes into account. The forces which immediately regulate prices are different from those which ultimately control, and there are degrees or stages in both immediateness and ultimateness."...
Author: Frank Hyneman Knight
Publisher:
ISBN:
Category : Cost
Languages : en
Pages : 44
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Book Description
Author: Frank H. Knight
Publisher:
ISBN: 9781409951834
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
Frank Hyneman Knight (1885-1972) was an important economist of the twentieth century. He obtained a B. S. and an M. A. (the latter in German) in 1913 at the University of Tennessee. He then moved to Cornell University for doctoral studies. His initial main subject was philosophy, but he soon switched to economics. He studied with Alvin Johnson and Allyn Young, who both supervised the work on his dissertation that was completed in 1916 under the title Cost, Value and Profit. He would subsequently revise it for publication under its more familiar name Risk, Uncertainty and Profit (1921). The famously opinionated Knight used his numerous book reviews in Chicago's Journal of Political Economy as a vehicle for his thoughts on many subjects. As a result, he was embroiled in many debates with the most prominent economists of his day ranging over capital theory, welfare theory, Keynesian theory and positivist methodology. His other works include: Cost of Production and Price Over Long and Short Periods (1921) and The Ethics of Competition (1923).
Author: Frank H. Knight
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
"Great difficulties are met with in stating a clear and straightforward exposition of price theory because of the fact that the given conditions or data of the problem are so different according to the length of the time period which the explanation takes into account. The forces which immediately regulate prices are different from those which ultimately control, and there are degrees or stages in both immediateness and ultimateness. The average student of economics is likely to be quite baffled by these distinctions and to get no clear ideas at all; but he is still more baffled by differences in degree, where distinctions are not sharply drawn and statements are left in the form of "it depends." This paper looks to the problem of exposition from the standpoint of the student rather than to the correction of errors in accepted doctrine, but the course of the argument will have to note cases in which current phraseology is misleading to unwary readers if it does not represent fundamental misconceptions on the part of economists themselves...."
Author: Patrick M. Emerson
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
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Book Description
Author: Percy Wallis
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 528
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Book Description
Author: Mark Blaug
Publisher: Cambridge University Press
ISBN: 9780521577014
Category : Business & Economics
Languages : en
Pages : 756
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Book Description
This book, first published in 1997, is a history of economic thought from Adam Smith to John Maynard Keynes.
Author: Alfred Marshall
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 452
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Book Description
Author: Alfred Marshall
Publisher:
ISBN:
Category :
Languages : en
Pages : 456
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Book Description
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309265835
Category : Medical
Languages : en
Pages : 117
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Book Description
The U.S. food system provides many benefits, not the least of which is a safe, nutritious and consistent food supply. However, the same system also creates significant environmental, public health, and other costs that generally are not recognized and not accounted for in the retail price of food. These include greenhouse gas (GHG) emissions, soil erosion, air pollution, and their environmental consequences, the transfer of antibiotic resistance from food animals to human, and other human health outcomes, including foodborne illnesses and chronic disease. Some external costs which are also known as externalities are accounted for in ways that do not involve increasing the price of food. But many are not. They are borne involuntarily by society at large. A better understanding of external costs would help decision makers at all stages of the life cycle to expand the benefits of the U.S. food system even further. The Institute of Medicine (IOM) and the National Research Council (NRC) with support from the U.S. Centers for Disease Control and Prevention (CDC) convened a public workshop on April 23-23, 2012, to explore the external costs of food, methodologies for quantifying those costs, and the limitations of the methodologies. The workshop was intended to be an information-gathering activity only. Given the complexity of the issues and the broad areas of expertise involved, workshop presentations and discussions represent only a small portion of the current knowledge and are by no means comprehensive. The focus was on the environmental and health impacts of food, using externalities as a basis for discussion and animal products as a case study. The intention was not to quantify costs or benefits, but rather to lay the groundwork for doing so. A major goal of the workshop was to identify information sources and methodologies required to recognize and estimate the costs and benefits of environmental and public health consequences associated with the U.S. food system. It was anticipated that the workshop would provide the basis for a follow-up consensus study of the subject and that a central task of the consensus study will be to develop a framework for a full-scale accounting of the environmental and public health effects for all food products of the U.S. food system. Exploring Health and Environmental Costs of Food: Workshop Summary provides the basis for a follow-up planning discussion involving members of the IOM Food and Nutrition Board and the NRC Board on Agriculture and Natural Resources and others to develop the scope and areas of expertise needed for a larger-scale, consensus study of the subject.
