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Eugen Slutzky
Evgeny "Eugen" Evgenievich Slutsky (; – 10 March 1948) was a Russian and Soviet mathematical statistician, economist and political economist. He is primarily known for the Slutsky equation and the Slutsky–Yule effect. Early life Slutsky studied in the department of physics and mathematics at Kiev University. In 1901, he was expelled from the university and conscripted into the army for participating in student protests. He was allowed to return to his studies, but was again expelled in 1902 and prohibited from studying at any university in the Russian Empire. From 1902 to 1905, he studied in the department of engineering at the Technical University of Munich. He was allowed to resume studies in the Russian Empire in 1905 where he enrolled in department of law at Kiev University where he sought to apply mathematics in economics research. He graduated in 1911 with a gold medal. In 1917, he received a degree in political economy from the University of Moscow. Academic career ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yaroslavl Governorate
Yaroslavl Governorate () was an administrative-territorial unit ('' guberniya'') of the Russian Empire and the Russian SFSR, located in European Russia in the Upper Volga Region. It existed from 1777 to 1929; its seat was in the city of Yaroslavl. Administrative division Yaroslavl Governorate consisted of the following uyezds (administrative centres in parentheses): * Danilovsky Uyezd ( Danilov) * Lyubimsky Uyezd ( Lyubim) * Mologsky Uyezd ( Mologa) * Myshkinsky Uyezd ( Myshkin) * Poshekhonsky Uyezd ( Poshekhonye) * Romanovo-Borisoglebsky Uyezd ( Romanov-Borisoglebsk) * Rostovsky Uyezd (Rostov) * Rybinsky Uyezd (Rybinsk) * Uglichsky Uyezd (Uglich) * Yaroslavsky Uyezd (Yaroslavl Yaroslavl (; , ) is a city and the administrative center of Yaroslavl Oblast, Russia, located northeast of Moscow. The historic part of the city is a World Heritage Site, and is located at the confluence of the Volga and the Kotorosl rivers. ...) Demographics References External ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microeconomic
Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the economy as a whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the total of economic activity, dealing with the issues of growth, inflation, and unemployment—and with national policies relating to these issues. Microeconomics also deals with the effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stochastic Processes
In probability theory and related fields, a stochastic () or random process is a mathematical object usually defined as a family of random variables in a probability space, where the index of the family often has the interpretation of time. Stochastic processes are widely used as mathematical models of systems and phenomena that appear to vary in a random manner. Examples include the growth of a bacterial population, an electrical current fluctuating due to thermal noise, or the movement of a gas molecule. Stochastic processes have applications in many disciplines such as biology, chemistry, ecology, neuroscience, physics, image processing, signal processing, control theory, information theory, computer science, and telecommunications. Furthermore, seemingly random changes in financial markets have motivated the extensive use of stochastic processes in finance. Applications and the study of phenomena have in turn inspired the proposal of new stochastic processes. Examples of su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability Theory
Probability theory or probability calculus is the branch of mathematics concerned with probability. Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms of probability, axioms. Typically these axioms formalise probability in terms of a probability space, which assigns a measure (mathematics), measure taking values between 0 and 1, termed the probability measure, to a set of outcomes called the sample space. Any specified subset of the sample space is called an event (probability theory), event. Central subjects in probability theory include discrete and continuous random variables, probability distributions, and stochastic processes (which provide mathematical abstractions of determinism, non-deterministic or uncertain processes or measured Quantity, quantities that may either be single occurrences or evolve over time in a random fashion). Although it is no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometrics
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8–22 Reprinted in J. Eatwell ''et al.'', eds. (1990). ''Econometrics: The New Palgrave''p. 1 p. 1–34Abstract ( 2008 revision by J. Geweke, J. Horowitz, and H. P. Pesaran). More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used today. A basic tool for econometrics is the multiple linear regression model. ''Econome ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mainstream Economics
Mainstream economics is the body of knowledge, theories, and models of economics, as taught by universities worldwide, that are generally accepted by economists as a basis for discussion. Also known as orthodox economics, it can be contrasted to heterodox economics, which encompasses various schools or approaches that are only accepted by a small minority of economists. The economics profession has traditionally been associated with neoclassical economics. However, this association has been challenged by prominent historians of economic thought including David Colander. They argue the current economic mainstream theories, such as game theory, behavioral economics, industrial organization, information economics, and the like, share very little common ground with the initial axioms of neoclassical economics. History Economics has historically featured multiple schools of economic thought, with different schools having different prominence across countries and over time. P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Hicks
Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist. He is considered one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS–LM model (1937), which summarised a Keynesian view of macroeconomics. His book '' Value and Capital'' (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him. In 1972 he received the Nobel Memorial Prize in Economic Sciences (jointly) for his pioneering contributions to general equilibrium theory and welfare theory. Early life Hicks was born in 1904 in Warwick, England, and was the son of Edward Hicks, editor and part proprietor of the Warwick and Leamington Spa Courier newspaper, and Dorothy Catherine, née Stephens, daughter of a non-conformist minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Tugan-Baranovsky
Mikhail Tugan-Baranovsky (; ; January 20, 1865 - January 21, 1919) was a Russian and Ukrainian Marxism, Marxist, economist, and politician. He was a leading exponent of Legal Marxism in the Russian Empire and was the author of numerous works dealing with the Value (economics), theory of value, the Allocative efficiency, distribution of a social revenue, history of managerial development, and fundamentals of cooperative managerial activities. After the Russian Revolution, he was a founder of the National Academy of Sciences of Ukraine and one of the earliest Ukrainian ministers of finances in Volodymyr Vynnychenko's General Secretariat of Ukraine, General Secretariat of the Central Council of Ukraine. Early life Mikhail Ivanovich Tugan-Baranovsky was born on 8 January 1865 in the village of Kupiansk Raion, Solone in the Kupyansky Uyezd of the Kharkov Governorate of the Russian Empire (present-day Ukraine). His father's distant ancestors were Lipka Tatars who had come to Lithuani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonid Kantorovich
Leonid Vitalyevich Kantorovich (, ; 19 January 19127 April 1986) was a Soviet mathematician and economist, known for his theory and development of techniques for the optimal allocation of resources. He is regarded as the founder of linear programming. He was the winner of the Stalin Prize in 1949 and the Nobel Memorial Prize in Economic Sciences in 1975. Biography Kantorovich was born on 19 January 1912, to a Russian Jewish family. His father was a doctor practicing in Saint Petersburg. In 1926, at the age of fourteen, he began his studies at Leningrad State University. He graduated from the Faculty of Mathematics and Mechanics in 1930, and began his graduate studies. In 1934, at the age of 22 years, he became a full professor. In 1935 he received his doctoral degree. Later, Kantorovich worked for the Soviet government. He was given the task of optimizing production in a plywood industry. He devised the mathematical technique now known as linear programming in 1939, some y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nikolai Kondratiev
Nikolai Dmitriyevich Kondratiev (; also Kondratieff; Russian: Никола́й Дми́триевич Кондра́тьев; 4 March 1892 – 17 September 1938) was a Russian Soviet economist and proponent of the New Economic Policy (NEP) best known for the business cycle theory known as Kondratiev waves. Kondratiev became an early leading figure of Soviet economics and promoted the NEP's system of small private free market enterprises in the Soviet Union. Kondratiev's theory that Western capitalist economies have long term (50-to-60-year) cycles of boom followed by depression gained recognition inside and outside the Soviet Union. Vincent BarnettNikolai Dmitriyevich Kondratiev Encyclopedia of Russian History, 2004, at Encyclopedia.com. Kondratiev was condemned and imprisoned in 1930, but continued to work until his execution during the Great Purge in 1938. Some of his work was published, for the first time, posthumously. Life Early life and education Nikolai Dimitrievich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Samuelson
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". "In a career that spanned seven decades, he transformed his field, influenced millions of students and turned MIT into an economics powerhouse" Samuelson was one of the most influential economists of the latter half of the 20th century."Paul Samuelson: The last of the great general economists died on December 13th, aged 94" ''The Economist'', December 17, 2009 In 1996, he was awarded the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
