The Return to Increasing Returns PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Return to Increasing Returns PDF full book. Access full book title The Return to Increasing Returns by James M. Buchanan. Download full books in PDF and EPUB format.
Author: James M. Buchanan
Publisher: University of Michigan Press
ISBN: 9780472104321
Category : Business & Economics
Languages : en
Pages : 400
Get Book Here
Book Description
Makes available important articles on increasing returns as related to the size of the economy
Author: James M. Buchanan
Publisher: University of Michigan Press
ISBN: 9780472104321
Category : Business & Economics
Languages : en
Pages : 400
Get Book Here
Book Description
Makes available important articles on increasing returns as related to the size of the economy
Author: W. Brian Arthur
Publisher: University of Michigan Press
ISBN: 9780472022403
Category : Business & Economics
Languages : en
Pages : 228
Get Book Here
Book Description
Pioneering work on an important new approach to economics.
Author: Tim Walshaw
Publisher: Lulu.com
ISBN: 0987494651
Category : Business & Economics
Languages : en
Pages : 70
Get Book Here
Book Description
This book offers you a very good way to invest profitably in good companies in the long term, and furthermore avoid losses by investing in bad ones. Its basic message is that if you invest in a company with increasing returns to scale, economic theory states that the company MUST be profitable; and furthermore, you are (almost) guaranteed an increased profit in the next period. If profits increase, share prices should also increase over the medium to long term. This is also a very simple method, not requiring complex methodology, or reliance on 'tips' or 'stories'. You can do it yourself over a few minutes each week. What is this magic method? It is a simple technique drawn from the theory of Economics, called 'Returns to Scale'. Your aim is to invest in firms with Increasing Returns to Scale, and avoid investing in firms with Decreasing Returns to Scale, or worse still (and there are too many of these) Negative Returns to Scale.
Author: W. Brian Arthur
Publisher: Simon and Schuster
ISBN: 1439165785
Category : Science
Languages : en
Pages : 258
Get Book Here
Book Description
“More than anything else technology creates our world. It creates our wealth, our economy, our very way of being,” says W. Brian Arthur. Yet despite technology’s irrefutable importance in our daily lives, until now its major questions have gone unanswered. Where do new technologies come from? What constitutes innovation, and how is it achieved? Does technology, like biological life, evolve? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur answers these questions and more, setting forth a boldly original way of thinking about technology. The Nature of Technology is an elegant and powerful theory of technology’s origins and evolution. Achieving for the development of technology what Thomas Kuhn’s The Structure of Scientific Revolutions did for scientific progress, Arthur explains how transformative new technologies arise and how innovation really works. Drawing on a wealth of examples, from historical inventions to the high-tech wonders of today, Arthur takes us on a mind-opening journey that will change the way we think about technology and how it structures our lives. The Nature of Technology is a classic for our times.
Author: Miroslav N. Jovanović
Publisher: Edward Elgar Publishing
ISBN: 1785368990
Category : Business & Economics
Languages : en
Pages : 831
Get Book Here
Book Description
A crucial question in contemporary economics concerns where economic activities will locate and relocate themselves in the future. This comprehensive, innovative book applies an evolutionary framework to spatial economics, arguing against the prevailing neoclassical equilibrium model, providing important concrete and theoretical insights, and illuminating areas of future enquiry.
Author: John H. Pencavel
Publisher: Oxford University Press
ISBN: 0190876182
Category : Business & Economics
Languages : en
Pages : 273
Get Book Here
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: Paul R. Krugman
Publisher: W. W. Norton & Company
ISBN: 9780393048391
Category : Business & Economics
Languages : en
Pages : 202
Get Book Here
Book Description
The author of "The Age of Diminished Expectations" returns with a sobering tour of the global economic crises of the last two years.
Author: Elhanan Helpman
Publisher:
ISBN: 9780745001098
Category : Commerce
Languages : en
Pages : 271
Get Book Here
Book Description
Author: Ramesh Chandra
Publisher: Springer Nature
ISBN: 3030837610
Category : Business & Economics
Languages : en
Pages : 336
Get Book Here
Book Description
In recent decades, new endogenous growth theory has become popular but the ideas are not new. They go back at least as far as Adam Smith, and the subsequent contributions made notably by Alfred Marshall and Allyn Young. This book critically discusses and provides an historical perspective to the entire spectrum of endogenous growth theories starting with Adam Smith and ending with Paul Romer. It fills an important gap in the literature. While contributions of individual authors are readily available, there is no comprehensive study on the subject covering such a vast ground, critically discussing these authors in a comprehensive framework. It collates all the arguments and economic viewpoints in one collection, providing both the seasoned economist and a graduate economist with a critical comparison of origin, mechanisms, conclusions, and policy implications of these models.
Author: Andreas Fagereng
Publisher: International Monetary Fund
ISBN: 1484370066
Category : Business & Economics
Languages : en
Pages : 69
Get Book Here
Book Description
We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.
