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Melchior Palyi
Melchior Palyi (1892 – 1970) was a Hungarian-American economist Life Early life Melchior Palyi was born in Budapest, Hungary on March 14, 1892. Education Palyi obtained a masters degree in law from University of Budapest. He received his doctorate in Economics from the University of Munich in 1915. Career From 1915 to 1918, Palyi worked for the Austro-Hungarian Bank and the Hungarian Ministry of Agriculture. From 1918 to 1933, he taught at the University of Munich, the University of Göttingen and the University of Kiel. After Max Weber's death in 1920, Palyi and edited and collected student notes of Weber's last complete lecture series—entitled the '' General Economic History''—into a volume that was published in 1923. Palyi was a visiting professor at the universities of Oxford, California in Los Angeles, and Chicago between 1926 and 1928. In 1928, he became an economist at the Deutsche Bank and advised the Reichbank beginning in 1931. Both positions ended in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory. Neoclassical economics is the dominant approach to microeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s onward. Classification The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related marginalists in the tradition of Alfred Marshall ''et al.'' to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Chicago
The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chicago, South Side, near the shore of Lake Michigan about from Chicago Loop, the Loop. The university is composed of an College of the University of Chicago, undergraduate college and four graduate divisions: Biological Science, Arts & Humanities, Physical Science, and Social Science, which include various organized departments and institutes. In addition, the university operates eight professional schools in the fields of University of Chicago Booth School of Business, business, Crown Family School of Social Work, Policy, and Practice, social work, University of Chicago Divinity School, divinity, Graham School of Continuing Liberal and Professional Studies, continuing studies, Harris School of Public Policy, public policy, University of Chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Economists
Hungarian may refer to: * Hungary, a country in Central Europe * Kingdom of Hungary, state of Hungary, existing between 1000 and 1946 * Hungarians/Magyars, ethnic groups in Hungary * Hungarian algorithm, a polynomial time algorithm for solving the assignment problem * Hungarian language, a Uralic language spoken in Hungary and all neighbouring countries * Hungarian notation, a naming convention in computer programming * Hungarian cuisine Hungarian or Magyar cuisine (Hungarian language, Hungarian: ''Magyar konyha'') is the cuisine characteristic of the nation of Hungary, and its primary ethnic group, the Hungarians, Magyars. Hungarian cuisine has been described as being the P ..., the cuisine of Hungary and the Hungarians See also * * {{disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoclassical Economists
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory. Neoclassical economics is the dominant approach to microeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s onward. Classification The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related marginalists in the tradition of Alfred Marshall ''et al.'' to those ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1970 Deaths
Events January * January 1 – Unix time epoch reached at 00:00:00 UTC. * January 5 – The 7.1 1970 Tonghai earthquake, Tonghai earthquake shakes Tonghai County, Yunnan province, China, with a maximum Mercalli intensity scale, Mercalli intensity of X (''Extreme''). Between 10,000 and 14,621 are killed and 30,000 injured. * January 15 – After a 32-month fight for independence from Nigeria, Biafran forces under Philip Effiong formally surrender to General Yakubu Gowon, ending the Nigerian Civil War. February * February 1 – The Benavídez rail disaster near Buenos Aires, Argentina (a rear-end collision) kills 236. * February 10 – An avalanche at Val-d'Isère, France, kills 41 tourists. * February 11 – ''Ohsumi (satellite), Ohsumi'', Japan's first satellite, is launched on a Lambda-4 rocket. * February 22 – Guyana becomes a Republic within the Commonwealth of Nations. * February – Multi-business Conglomerate (company), conglomerate Virgin Group is founded as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1892 Births
In Samoa, this was the only leap year spanned to 367 days as July 4 repeated. This means that the International Date Line was drawn from the east of the country to go west. Events January * January 1 – Ellis Island begins processing Immigration to the United States, immigrants to the United States. February * February 27 – Rudolf Diesel applies for a patent, on his compression ignition engine (the Diesel engine). * February 29 – St. Petersburg, Florida is incorporated as a town. March * March 1 – Theodoros Deligiannis ends his term as Prime Minister of Greece and Konstantinos Konstantopoulos takes office. * March 6–March 8, 8 – "Exclusive Agreement": Rulers of the Trucial States (Abu Dhabi, Dubai, Sharjah, Ajman, Ras al-Khaimah and Umm al-Quwain) sign an agreement, by which they become ''de facto'' British protectorates. * March 11 – The first basketball game is played in public, between students and faculty at the Springfield YMCA before 200 spectators. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Definition Of Economics
The welfare definition of economics is an attempt by Alfred Marshall, a pioneer of neoclassical economics, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity. Specifically, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare. In the words of Marshall, "man earns money to get material welfare." Others since Marshall have described his remark as the "welfare definition" of economics. This definition enlarged the scope of economic science by emphasizing the study of wealth and humanity together, rather than wealth alone. In his widely read textbook, '' Principles of Economics'', published in 1890, Marshall defines economics as follows: Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of material requisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial & Financial Chronicle
The ''Commercial & Financial Chronicle'' was a business newspaper in the United States founded by William Buck Dana (1829–1910) in 1865. Published weekly, the ''Commercial & Financial Chronicle'' was deliberately modeled to be an American take on the popular business newspaper ''The Economist'', which had been founded in England in 1843.James Grant,Free Markets, Free Press. Museum of American Financial History (June–December 2000). Retrieved on September 14, 2008. It was the first national business weekly in the United States. The ''Commercial & Financial Chronicle'' continued the legacy begun by ''Hunt's Merchant's Magazine and Commercial Review'', a monthly business magazine, which was founded in 1839 by Freeman Hunt but disappeared during the American Civil War. They are together in many library collections.U.S. Circuit Court for the District of Massachusetts protecting the copyright. The case is considered an important one because it has been deemed almost impossible ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and WGN-TV, WGN television received their call letters. It is the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region, and the List of newspapers in the United States, sixth-largest newspaper by print circulation in the United States. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the then new Republican Party (United States), Republican Party's progressive wing. In the 20th century, under Medill's grandson 'Colonel' Robert R. McCormick, its reputation was that of a crusading newspaper with an outlook that promoted Conservatism in the United States, American conservatism and opposed the New Deal. Its reporting and commenta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northwestern University
Northwestern University (NU) is a Private university, private research university in Evanston, Illinois, United States. Established in 1851 to serve the historic Northwest Territory, it is the oldest University charter, chartered university in Illinois. Chartered by the Illinois General Assembly in 1851, Northwestern was initially affiliated with the Methodist Episcopal Church but later became non-sectarian. By 1900, the university was the third-largest Higher education in the United States, university in the United States, after University of Michigan, Michigan and Harvard University, Harvard. Northwestern became a founding member of the Big Ten Conference in 1896 and joined the Association of American Universities in 1917. Northwestern is composed of eleven undergraduate, graduate, and professional schools in the fields of Kellogg School of Management, management, Pritzker School of Law, law, Medill School of Journalism, journalism, McCormick School of Engineering, enginee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
