By Julio Segura, Carlos Rodriguez Braun
ISBN-10: 1843760290
ISBN-13: 9781843760290
ISBN-10: 1845423607
ISBN-13: 9781845423605
An Eponymous Dictionary of Economics is an engaging and obtainable reference paintings with complete assurance of the sphere of economics from Adam Smith’s challenge via Minkowski’s Theorem to Zellner’s Estimator. Eponymy - the perform of affixing the identify of the scientist to all or a part of what he/she has came upon - has many fascinating positive aspects yet just a only a few makes an attempt were made to take on the topic lexicographically in technology and artwork. this can be the 1st eponymous dictionary of economics ever released in any language. There are 1000's of eponyms and the typical economist will likely be conversant in, not to mention be ready to grasp, a comparatively limited variety of them. The Dictionary fills this void in a viable quantity that describes all suitable financial eponyms. a few infrequent yet fascinating eponyms also are integrated, many entries are cross-referenced and all have a succinct bibliography for additional examining. Julio Segura and Carlos Rodríguez Braun have assembled a distinct Dictionary that may be a useful and lots more and plenty welcomed reference publication for fiscal reporters, economists and financial students in any respect degrees of academe, and in all parts of economics and its linked fields.
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D. Willig (1982), Contestable Markets and the Theory of Industry Structure, New York: Harcourt Brace Jovanovich. Baumol’s disease William J. 1922) hypothesized that, because labour productivity in service industries grows less than in other industries, the costs in services end up rising over time as resources move and nominal wages tend to equalize across sectors. His model of unbalanced productivity growth predicts that (1) relative prices in sectors where productivity growth is lower will rise faster; (2) relative employment will tend to rise in Baumol–Tobin transactions demand for cash sectors with low productivity growth; and (3) productivity growth will tend to fall economy-wide as labour moves to low-productivity sectors, given a persistent demand for services.
His main research interest has been (and still is) the consequences for macroeconomic problems of different microeconomic structures such as asymmetric information or staggered contracts. Recently he has been working on the effects of different assumptions regarding fairness and social customs on unemployment. The used car market captures the essence of the ‘Market for “lemons” ’ problem. Cars can be good or bad. When a person buys a new car, he/she has an expectation regarding its quality. After using the car for a certain time, the owner has more accurate information on its quality.
W. (1964), ‘Risk aversion in the small and in the large’, Econometrica, 32, 122–36. See also: von Neumann–Morgenstern expected utility theorem. 1944), the index has been extensively used in the normative measurement of inequality. Atkinson (1970) set out the approach to constructing social inequality indices based on the loss of equivalent income. In an initial contribution, another Welsh economist, Edward Hugh Dalton (1887–1962), used a simple utilitarian social welfare function to derive an inequality measure.
An eponymous dictionary of economics: a guide to laws and theorems named after economists by Julio Segura, Carlos Rodriguez Braun
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