The Law of Diminishing Returns: Theory and Applications PDF Download
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Author: 50minutes,
Publisher: 50 Minutes
ISBN: 280626670X
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Understand the fundamentals of economic productivity This book is a practical and accessible guide to understanding diminishing returns, providing you with the essential information and saving time. In 50 minutes you will be able to: • Understand the theory of diminishing returns and the effects caused by changes in the production process • Analyze the recent interpretations and developments of the theory, and how they can be applied to the current economy • Identify how you can use the theory to avoid diminishing returns in your production through constant innovation ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
Author: 50minutes,
Publisher: 50 Minutes
ISBN: 280626670X
Category : Business & Economics
Languages : en
Pages : 23
Get Book Here
Book Description
Understand the fundamentals of economic productivity This book is a practical and accessible guide to understanding diminishing returns, providing you with the essential information and saving time. In 50 minutes you will be able to: • Understand the theory of diminishing returns and the effects caused by changes in the production process • Analyze the recent interpretations and developments of the theory, and how they can be applied to the current economy • Identify how you can use the theory to avoid diminishing returns in your production through constant innovation ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
Author: John H. Pencavel
Publisher: Oxford University Press
ISBN: 0190876182
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
The relationship between the number of hours worked and productivity has long fascinated economists and management. It is a central component of the production function that translates inputs to outputs. While increasing the number of hours someone works may increase output, this incisive book demonstrates that there are diminishing returns to long working hours. John H. Pencavel provides an overview of how the length of working hours evolved from the 19th century to today and how the number of working hours affects work performance and other outcomes, including health, well-being, and wages. Diminishing Returns at Work provides a brief history of working hours both in the United States and Britain, including the influence of trade unions pushing for shorter hours of work, the tension with employers who resisted reducing hours, and the influence of legislation and custom. Pencavel discusses various conceptual frameworks for specifying production functions that measure the relationship between inputs and outputs and develops an alternative approach to estimate actual relationships through a reevaluation of classic studies, including the productivity of munitions workers in Britain during the First and Second World Wars and plywood mills in Washington during the 1980s among others. The declining effectiveness of long hours is manifested not only in marketable output but also in a rising probability of ill-health and accidents, and evidence of this has been found both for blue-collar workers and for white-collar workers. In short, shorter hours of work might benefit both firms and workers.
Author:
Publisher: Oxford University Press
ISBN: 0197607888
Category : Political Science
Languages : en
Pages : 561
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Book Description
A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation,' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growththe main mechanism of capitalist legitimationis harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these questions by bringing together a number of comparative and international political economists with expertise across many different countries and regions. Going beyond the methodological nationalism common in most comparative research, each author departs from a common theoretical framework, the Growth Model Perspective, and contributes to develop it further. The outcome is a new theoretical framework to help social scientists, policymakers, and opinion makers, understand the politics of growth and stagnation, which offers state of the art empirical analyses at the country, regional, and global level.
Author: Steven A. Greenlaw
Publisher:
ISBN: 9781947172432
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Author: Frank H. Knight
Publisher: Cosimo, Inc.
ISBN: 1602060053
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Author: César Aira
Publisher: New Directions Publishing
ISBN: 0811229068
Category : Fiction
Languages : en
Pages : 78
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Book Description
Birthday is among the very best of Aira—it will surprise readers new to his work, and will deeply satisfy his many fans Before you know it you are no longer young, and by the way, while you were thinking about other things, the world was changing—and then, just as suddenly you realize that you are fifty years old. Aira had anticipated his fiftieth—a time when he would not so much recall years past as look forward to what lies ahead—but the birthday came and went without much ado. It was only months later, while having a somewhat banal conversation with his wife about the phases of the moon, that he realized how little he really knows about his life. In Birthday Aira searches for the events that were significant to him during his first fifty years. Between anecdotes ,and memories, the author ponders the origins of his personal truths, and meditates on literature meant as much for the writer as for the reader, on ignorance, knowledge, and death. Finally, Birthday is a little sad, in a serene, crystal-clear kind of way, which makes it even more irresistible.
Author: 50minutes,
Publisher: 50 Minutes
ISBN: 2806266157
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
The key to portfolio management! This book is a practical and accessible guide to understanding and implementing the BCG growth-share matrix, providing you with the essential information and saving time. In 50 minutes you will be able to: • Analyze the activities in your business portfolio and identify the role they play in the business as a whole • Sort these activities into the four categories of the matrix: stars, question marks, cash cows and dogs • Identify the future market shares and growth to make sure you invest in the right activities ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
Author: C. Northcote Parkinson
Publisher: Rare Treasure Editions
ISBN: 1774649225
Category : Humor
Languages : en
Pages : 90
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Book Description
Documents ten case studies that expertly explore aspects of business organization ranging from staff accumulation to cocktail party behavior. Includes plenty of humor. A classic of its kind.
Author: Thomas Robert Malthus
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 74
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Book Description
Author: Richard Heinberg
Publisher: New Society Publishers
ISBN: 1550925849
Category : Political Science
Languages : en
Pages : 219
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Book Description
Essential, visionary essays about our post-carbon future Climate change, along with the depletion of oil, coal, and gas dictate that we will inevitably move away from our profound societal reliance on fossil fuels; but just how big a transformation will this be? While many policy-makers assume that renewable energy sources will provide an easy "plug-and-play" solution, author Richard Heinberg suggests instead that we are in for a wild ride; a "civilization reboot" on a scale similar to the agricultural and industrial revolutions. Afterburn consists of 15 essays exploring various aspects of the 21st century migration away from fossil fuels including: Short-term political and economic factors that impede broad-scale, organized efforts to adapt The origin of longer-term trends (such as consumerism), that have created a way of life that seems "normal" to most Americans, but is actually unprecedented, highly fragile, and unsustainable Potential opportunities and sources of conflict that are likely to emerge. From the inevitability and desirability of more locally organized economies, to the urgent need to preserve our recent cultural achievements and the futility of pursuing economic growth above all, Afterburn offers cutting-edge perspectives and insights that challenge conventional thinking about our present, our future, and the choices in our hands. AWARDS FINALIST | 2015 Foreword INDIES: Essays
