|
Family Economics
Family economics applies economic concepts such as production, division of labor, distribution of wealth, distribution, and decision making to the family. It is used to explain outcomes unique to family—such as marriage, the decision to have children, fertility, time devoted to domestic production, and dowry payments using economic analysis. The family, although recognized as fundamental from Adam Smith onward, received little systematic treatment in economics before the 1960s. Important exceptions are Thomas Robert Malthus#Population growth, Thomas Robert Malthus' model of population growthThomas Robert Malthus, 1798. ''An Essay on the Principle of Population''. s:An Essay on the Principle of Population, Full text on WikiSource. and Friedrich Engels'Friedrich Engels, 1981, The Origin of the Family, Private Property and State, International Publishers, pp 94-146 pioneering work on the structure of family, the latter being often mentioned in Marxian economics, Marxist and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Labor
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (Departmentalization, specialisation). Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills. Training and combinations of equipment and other assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organisation may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. An increasing division of labour is associated with the growth of total Output (economics), output and trade, the rise of capitalis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rotten Kid Theorem
Gary Stanley Becker (; December 2, 1930 – May 3, 2014) was an American economist who received the 1992 Nobel Memorial Prize in Economic Sciences. He was a professor of economics and sociology at the University of Chicago, and was a leader of the third generation of the Chicago school of economics. Becker was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007. A 2011 survey of economics professors named Becker their favorite living economist over the age of 60, followed by Kenneth Arrow and Robert Solow. Economist Justin Wolfers called him "the most important social scientist in the past 50 years." Becker was one of the first economists to analyze topics that had been researched in sociology, including racial discrimination, crime, family organization, and rational addiction. He argued that many different types of human behavior can be seen as rational and utility-maximizing, including those that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade-off
A trade-off (or tradeoff) is a situational decision that involves diminishing or losing on quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease. Tradeoffs stem from limitations of many origins, including simple physics – for instance, only a certain volume of objects can fit into a given space, so a full container must remove some items in order to accept any more, and vessels can carry a few large items or multiple small items. Tradeoffs also commonly refer to different configurations of a single item, such as the tuning of strings on a guitar to enable different notes to be played, as well as an allocation of time and attention towards different tasks. The concept of a tradeoff suggests a tactical or strategic choice made with full comprehension of the advantages and disadvantages of each setup. An economic example is the decision to invest in stocks, which ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kathleen M
Kathleen may refer to: People * Kathleen (given name) * Kathleen (singer), Canadian pop singer Places * Kathleen, Alberta, Canada * Kathleen, Georgia, United States * Kathleen, Florida, United States * Kathleen High School (Lakeland, Florida), United States * Kathleen, Western Australia, Western Australia * Kathleen Island Kathleen Island is a steeply cliffed island that lies within Port Davey, an oceanic inlet, located in the south west region of Tasmania, Australia. The island has an area of approximately and is contained with the Southwest National Park, ..., Tasmania, Australia * Kathleen Lumley College, South Australia * Mary Kathleen, Queensland, former mining settlement in Australia Other * ''Kathleen'' (film), a 1941 American film directed by Harold S. Bucquet * '' The Countess Kathleen and Various Legends and Lyrics'' (1892), second poetry collection of William Butler Yeats * Kathleen Ferrier Award, competition for opera singers * Kathleen Mitche ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lawrence H
Lawrence may refer to: Education Colleges and universities * Lawrence Technological University, a university in Southfield, Michigan, United States * Lawrence University, a liberal arts university in Appleton, Wisconsin, United States Preparatory & high schools * Lawrence Academy at Groton, a preparatory school in Groton, Massachusetts, United States * Lawrence College, Ghora Gali, a high school in Pakistan * Lawrence School, Lovedale, a high school in India * The Lawrence School, Sanawar, a high school in India Research laboratories * Lawrence Berkeley National Laboratory, United States * Lawrence Livermore National Laboratory, United States People * Lawrence (given name), including a list of people with the name * Lawrence (surname), including a list of people with the name * Lawrence (band), an American soul-pop group * Lawrence (judge royal) (died after 1180), Hungarian nobleman, Judge royal 1164–1172 * Lawrence (musician), Lawrence Hayward (born 1961), British mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laurence J
Laurence is in modern use as an English masculine and a French feminine given name. The modern English masculine name is a variant of Lawrence and originates from a French form of the Latin ''Laurentius'', a name meaning "man from Laurentum". The French feminine name Laurence is derived from the same source and is used in French-speaking countries as a form of the masculine '' Laurent''. The name was used in the Middle Ages for both males and females in honor of Saint Laurence, one of the seven deacons of Rome. In England, it was also given in reference to Saint Laurence of Canterbury. In other languages: Lorenzo (Italian, Spanish), Lorenz (German). In Ireland, Laurence has traditionally been used as an Anglicization of the Irish masculine name Lorcan or Lorcán. Usage Laurence, used as a spelling variant of the more popular Lawrence, was in regular use for boys in the Anglosphere since the medieval era. It was most popular for boys in English-speaking countries during t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bequest Motive
� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intergenerational Mobility
Social mobility is the movement of individuals, families, households or other categories of people within or between Social stratification, social strata in a society. It is a change in social status relative to one's current social location within a given society. This movement occurs between layers or tiers in an Open system (systems theory)#Social sciences, open system of social stratification. Open stratification systems are those in which at least some value is given to achieved status, achieved status characteristics in a society. The movement can be in a ''downward'' or ''upward'' direction. Markers for social mobility such as education and class, are used to predict, discuss and learn more about an individual or a group's mobility in society. Typology Mobility is most often quantitative research, quantitatively measured in terms of change in economic mobility such as changes in income or wealth. Occupation is another measure used in researching mobility which usuall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security
Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. pensions), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and public housing.''The New Fontana Diction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Capital
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings. Research indicates that human capital investments have high economic returns throughout childhood and young adulthood. Companies can invest in human capital; for example, through education and training, improving levels of quality and production. History Adam Smith included in his definition of Capital (economics), capital "the acquired and useful abilities of all the inhabitants or members of the society". The first use of the term "human capital" may be by Irving Fisher. An early discussion with the phrase "human capital" was from Arthur Cecil Pigou: But the term only found widespread use in economics after its popularization by economists of the Chicago School of economics, Chicago School, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Palgrave Dictionary Of Economics
''The New Palgrave Dictionary of Economics'' (2018), 3rd ed., is a twenty-volume reference work on economics published by Palgrave Macmillan. It contains around 3,000 entries, including many classic essays from the original Inglis Palgrave Dictionary, and a significant increase in new entries from the previous editions by the most prominent economists in the field, among them 36 winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Articles are classified according to ''Journal of Economic Literature'' (''JEL'') classification codes. ''The New Palgrave'' is also available in a hyperlinked online version. Online content is added to the 2018 edition, and a 4th edition under the editorship of Jayati Ghosh, Esteban Pérez Caldentey, and Matías Vernengo will be published in 2027. J. Barkley Rosser Jr. was a co-editor until his untimely demise. The 1st edition was titled ''The New Palgrave: A Dictionary of Economics'' (1987), was and edited by John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
