|
Ekkehart Schlicht
Ekkehart Schlicht (born in 1945, Kiel, Germany) is a German economist. He is best known for his work in labor economics, convention (norm), custom in the economy, and his contributions to the field of institutional economics. Early life Ekkehart Schlicht was born in 1945 in the Northern German city of Kiel. He attended the Freie Waldorf education, Waldorfschule Rendsburg (Schleswig-Holstein) where he completed his Abitur in 1965. Studies Schlicht attended the University of Kiel from 1965 to 1967, and University of Regensburg from 1967 to 1969, where he received the title of Diplom-Volkswirt in 1969. The topic of Schlicht's Dissertation, Diplomarbeit was "Die Einbeziehung des technischen Fortschritts in die Produktionstheorie" (''The inclusion of technical progress in production theory''). Two years later, he completed his doctorate, writing his thesis on "Eine neoklassische Theorie der Vermögensverteilung" (''A neo-classical theory of wealth distribution''). Academic career Schl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiel, Germany
Kiel ( ; ) is the capital and most populous city in the northern German state of Schleswig-Holstein. With a population of around 250,000, it is Germany's largest city on the Baltic Sea. It is located on the Kieler Förde inlet of the Bay of Kiel and lies in the southeast of the Jutland Peninsula, on the mouth of the Schwentine River, approximately northeast of Hamburg. The world's busiest artificial waterway, the Kiel Canal, has a terminus in Kiel's Holtenau district. This canal connects the Baltic to the North Sea, with its other end in Brunsbüttel. Most of Kiel is part of Holstein. The boroughs north of the Schwentine also belong to Wagria, while those north of the Kiel Canal are historically part of Southern Schleswig. Kiel is one of Germany's major maritime centres, known for a variety of international sailing events, including the annual Kiel Week, which is the biggest sailing event in the world. Kiel is also known for the Kiel Mutiny, when sailors refused orders to prepar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diplom
A ''Diplom'' (, from ) is an academic degree in the German-speaking countries Germany, Austria, and Switzerland and a similarly named degree in some other European countries including Albania, Bulgaria, Belarus, Bosnia and Herzegovina, Croatia, Estonia, Finland, Poland, Russia, and Ukraine and only for engineers in France, Greece, Hungary, North Macedonia, Romania, Serbia, Slovenia, and Brazil. History The Diplom originates from the French Diplôme (''Diplôme de l'ordre impérial de la légion d'honneur'') describing a certificate devised during the Second French Empire to bestow honours upon outstanding citizens and soldiers of the imperial French army to promote them into the Legion of Honour since 1862. The Magister degree was the original graduate degree at German-speaking universities. In Germany the Diplom dates back to the pre-republican period: In October 1899 the engineering degree ''Diplom'' was announced by a ''supreme decree'' of the German emperor Wilhelm II in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discipline
Discipline is the self-control that is gained by requiring that rules or orders be obeyed, and the ability to keep working at something that is difficult. Disciplinarians believe that such self-control is of the utmost importance and enforce a set of rules that aim to develop such behavior. Such enforcement is sometimes based on punishment, although there is a clear difference between the two. One way to convey such differences is through the root meaning of each word: discipline means " to teach", while punishment means "to correct or cause pain". Punishment may extinguish unwanted behavior in the moment, but is ineffective long-term; discipline, by contrast, includes the process of training self control. Self-discipline Self-discipline refers to one's ability to control one's behavior and actions to achieve a goal or to maintain a certain standard of conduct. It is the ability to train oneself to do things that should be done and resist things that should be avoided. This i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage Discrimination
Economic discrimination is discrimination based on economic factors. These factors can include job availability, wages, the prices and/or availability of goods and services, and the amount of capital investment funding available to minorities for business. This can include discrimination against workers, consumers, and minority-owned businesses. It is not the same as price discrimination, the practice by which monopolists (and to a lesser extent oligopolists and monopolistic competitors) charge different buyers different prices based on their willingness to pay. History A recognition of economic discrimination began in the British Railways Clauses Consolidation Act 1845, which prohibited a common carrier from charging one person more for carrying freight than was charged to another customer for the same service. In nineteenth-century English and American common law, discrimination was characterized as improper distinctions in economic transactions; in addition to the abov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Efficiency Wages
In labor economics, an efficiency wage is a wage paid in excess of the market-clearing wage to increase the labor productivity of workers.Mankiw, Gregory N. & Taylor, Mark P. (2008), ''Macroeconomics'' (European edition), pp. 181–182 Specifically, it points to the incentive for managers to pay their employees more than the market-clearing wage to increase their productivity or to reduce the costs associated with employee turnover. Theories of efficiency wages explain the existence of involuntary unemployment in economies outside of recessions, providing for a natural rate of unemployment above zero. Because workers are paid more than the equilibrium wage, workers may experience periods of unemployment in which workers compete for a limited supply of well-paying jobs. Overview of theory There are several reasons why managers may pay efficiency wages: * ''Avoiding shirking'': If it is difficult to measure the quantity or quality of a worker's effortand systems of piece rates or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Distribution
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity. The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to the International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income." For rankings regarding wealth, see list of countries by wealth equality or list of countries by wealth per adult. Definition of wealth Wealth of an individual is defined as net worth, expressed as: wealth = assets − liabilities A broader definition of wealth, which is rarely used in the measurement of wealth inequality, also includes human capital. For example, the United Nations definition of '' inclusive wealth'' is a monetary measure whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Methods
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of California At Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a public land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkeley, it is the state's first land-grant university and is the founding campus of the University of California system. Berkeley has an enrollment of more than 45,000 students. The university is organized around fifteen schools of study on the same campus, including the College of Chemistry, the College of Engineering, College of Letters and Science, and the Haas School of Business. It is classified among "R1: Doctoral Universities – Very high research activity". Lawrence Berkeley National Laboratory was originally founded as part of the university. Berkeley was a founding member of the Association of American Universities and was one of the original eight " Public Ivy" schools. In 2021, the federal funding for campus research and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Melbourne
The University of Melbourne (colloquially known as Melbourne University) is a public university, public research university located in Melbourne, Australia. Founded in 1853, it is Australia's second oldest university and the oldest in the state of Victoria (Australia), Victoria. Its Parkville Campus (University of Melbourne), main campus is located in Parkville, Victoria, Parkville, an inner suburb north of Melbourne central business district, Melbourne's central business district, with several other campuses located across the state of Victoria (Australia), Victoria. Incorporated in the 19th century by the State of Victoria, colony of Victoria, the University of Melbourne is one of Australia's six sandstone universities and a member of the Group of Eight (Australian universities), Group of Eight, Universitas 21, Washington University in St. Louis, Washington University's McDonnell International Scholars Academy, and the Association of Pacific Rim Universities. Since 1872, many ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Minnesota
The University of Minnesota Twin Cities (historically known as University of Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Twin Cities of Minneapolis and Saint Paul, Minnesota, United States. It is the Flagship#Colleges and universities in the United States, flagship institution of the University of Minnesota System and is organized into 19 colleges, schools, and other major academic units. The Twin Cities campus is the oldest and largest in the University of Minnesota system and has the List of United States university campuses by enrollment, ninth-largest (as of the 2022–2023 academic year) main campus student body in the United States, with 54,890 students at the start of the 2023–24 academic year. The campus comprises locations in Minneapolis and Falcon Heights, Minnesota, Falcon Heights, a suburb of St. Paul, approximately apart. The Minnesota Territorial Legislature drafted a charter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brown University
Brown University is a Private university, private Ivy League research university in Providence, Rhode Island, United States. It is the List of colonial colleges, seventh-oldest institution of higher education in the US, founded in 1764 as the ''College in the English Colony of Rhode Island and Providence Plantations''. One of nine colonial colleges chartered before the American Revolution, it was the first US college to codify that admission and instruction of students was to be equal regardless of the religious affiliation of students. The university is home to the oldest applied mathematics program in the country and oldest engineering program in the Ivy League. It was one of the early doctoral-granting institutions in the U.S., adding masters and doctoral studies in 1887. In 1969, it adopted its Open Curriculum (Brown University), Open Curriculum after student lobbying, which eliminated mandatory Curriculum#Core curriculum, general education distribution requirements. In 197 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Bonn
The University of Bonn, officially the Rhenish Friedrich Wilhelm University of Bonn (), is a public research university in Bonn, North Rhine-Westphalia, Germany. It was founded in its present form as the () on 18 October 1818 by Frederick William III, as the linear successor of the () which was founded in 1777. The University of Bonn offers many undergraduate and graduate programs in a range of subjects and has 544 professors. The University of Bonn is a member of the U15 (German universities), German U15 association of major research-intensive universities in Germany and has the title of "University of Excellence" under the German Universities Excellence Initiative. Bonn has 6 Clusters of Excellence, the most of any German university; the Hausdorff Center for Mathematics, the Matter and Light for Quantum Computing cluster, Bonn Center for Dependency and Slavery Studies, PhenoRob: Research for the Future of Crop Production, the Immune Sensory System cluster, and ECONtribute: M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
