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Domar Serfdom Model
The Domar Serfdom Model is a mid-to-late 20th century model that develops a hypothesis concerning the causes of agricultural slavery or serfdom in historical societies. Evsey Domar first presented this model in his 1970 paper, “ The Causes of Slavery or Serfdom: A Hypothesis” published in the Economic History Review. The Domar Serfdom Model revives a hypothesis originally suggested by Russian Historian Vasily Klyuchevsky, who looks at the causes of slavery through the lens of the Russian experience in the 16th and 17th centuries. In his revisiting of the hypothesis, Domar aims to give it wider applicability while focusing more on an analysis that yields an economic model as an explanation of the causes of slavery. Assumptions and hypothesis In his model of serfdom, Domar assumes the following: * Land and labor are the only factors of production (no capital or management required) (Domar, 2) * Land is of uniform quality and location is a non-factor * Constant returns in lab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evsey Domar
Evsey David Domar (, ''Domashevitsky''; April 16, 1914 – April 1, 1997) was a Russian-American economist, famous as developer of the Harrod–Domar model. Life Evsey Domar was born on April 16, 1914, in the Polish city of Łódź, which was part of Russia at that time. He was raised and educated in Russian Manchuria in the Russian Far East, then emigrated to the United States in 1936. He received a Bachelor of Arts from UCLA in 1939, a Master of Science from the University of Michigan in 1940, a Master of Science from Harvard University in 1943, and a doctorate from Harvard in 1947. In 1946 Evsey Domar married Carola Rosenthal. The couple had two daughters. He was a professor at the Carnegie Institute of Technology, The University of Chicago, the Johns Hopkins University and then at the Massachusetts Institute of Technology from 1957 until the end of his career. Evsey Domar was president of the Association for Comparative Economics and a member of several other academic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic History Review
''The Economic History Review'' is a peer-reviewed history journal published quarterly by Wiley-Blackwell on behalf of the Economic History Society. It was established in 1927 by Eileen Power and is currently edited by Sara Horrell, Jaime Reis and Patrick Wallis. Its first editors were E. Lipson and R. H. Tawney and other previous editors include M. M. Postan, H. J. Habbakuk, Max Hartwell (1960–1968), Christopher Dyer, Nicholas Crafts, John Hatcher, Richard Smith, Jane Humphries, Steve Hindle and Phillipp Schofield. Edition The lead editors are John Turner, Giovanni Federico and Tirthankar Roy. The editorial board counts 21 other editors, including Jane Humphries and Debin Ma from the University of Oxford and Sara Horrell, Max-Stephan Schulze and Patrick Wallis from the London School of Economics. The journal has published 75 volumes usually composed of 4 annual issues. Ranking It is considered one of the best economic history journals along with the Journal of E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vasily Klyuchevsky
Vasily Osipovich Klyuchevsky (; – ) was a leading Russian Empire, Russian Imperial historian of the late imperial period. He also addressed the contemporary Russian economy in his writings. Biography A village priest's son, Klyuchevsky studied at Moscow University under Sergey Solovyov (historian), Sergey Solovyov, to whose chair he succeeded in 1879. His first important publications were an article on economic activities of the Solovetsky Monastery (1867) and a thesis on medieval Russian hagiography (1871). Kluchevsky was one of the first Russian historians to shift attention away from political and social issues to geographical and economical forces. He was particularly interested in the process of Russian colonisation of Siberia and the Far East. In 1882, he published his landmark study of the Boyar Duma, whereby he asserted his view of a state as a result of collaboration of diverse classes of society. In 1889, Klyuchevsky was elected to the Russian Academy of Sciences. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Factors Of Production
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services. The utilised amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four ''basic'' resources or factors of production: land, labour, capital and entrepreneur (or enterprise). The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods". There are two types of factors: ''primary'' and ''secondary''. The previously mentioned primary factors are land, labour and capital. Materials and energy are considered secondary factors in classical economics because they are obtained from land, labour, and capital. The primary factors facilitate production but neither become part of the product (as with raw materials) nor become significantly tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Returns To Scale
In economics, the concept of returns to scale arises in the context of a firm's production function. It explains the long-run linkage of increase in output (production) relative to associated increases in the inputs (factors of production). In the long run, all factors of production are variable and subject to change in response to a given increase in production scale. In other words, returns to scale analysis is a long-term theory because a company can only change the scale of production in the long run by changing factors of production, such as building new facilities, investing in new machinery, or improving technology. There are three possible types of returns to scale: * If output increases by the same proportional change as all inputs change then there are constant returns to scale (CRS). For example, when inputs (labor and capital) increase by 100%, output increases by 100%. * If output increases by less than the proportional change in all inputs, there are decreasing retu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Staples Thesis
In economic development, the staples thesis is a theory of export-led growth. The theory "has its origins in research into Canadian social, political, and economic history carried out in Canadian universities...by members of what were then known as departments of political economy." From these groups of researchers, "the two most prominent scholars following this approach were Harold Innis and William Archibald Mackintosh, W.A. Mackintosh." Thesis The thesis explains Canadian economic development as a lateral, east-west conception of trade. Innis argued that Canada developed as it did because of the nature of its staple Commodity, commodities: raw materials, such as fish, fur, lumber, agricultural products and minerals, that were exported to Britain and the West Indies. This trading link cemented Canada's cultural links to Britain. The search for and exploitation of these staples led to the creation of institutions that defined the political culture of the nation and its regions. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lund University
Lund University () is a Public university, public research university in Sweden and one of Northern Europe's oldest universities. The university is located in the city of Lund in the Swedish province of Scania. The university was officially founded in 1666 on the location of the old ''studium generale'' next to Lund Cathedral. Lund University has nine Faculty (division), faculties, with additional campuses in the cities of Malmö and Helsingborg, with around 47,000 students in 241 different programmes and 1,450 freestanding courses. The university has 560 partner universities in approximately 70 countries. It belongs to the League of European Research Universities as well as the global Universitas 21 network. Among those associated with the university are five Nobel Prize winners, a Fields Medal winner, prime ministers and business leaders. Two major facilities for materials research have been recent strategic priorities in Lund: MAX IV, a synchrotron radiation laboratory – in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics Models
Economics () is a behavioral science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and investment expenditure interact; and the factors of production affecting them, such as: labour, capital, land, and enterprise, inflation, economic growth, and public policies that impact these elements. It also seeks to analyse and describe the global economy. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "wha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
