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Mesoeconomics
Mesoeconomics or Mezzoeconomics is a neologism used to describe the study of economics, economic arrangements which are not based either on the microeconomics of buying and selling and supply and demand, nor on the macroeconomic reasoning of aggregate totals of demand, but on the importance of the structures under which these forces play out, and how to measure these effects. Mesoeconomics, as a science, began to take shape back in the 19th century. Among the researchers, the most notable contribution to the development of problems of regional economic theory, issues of the location of production forces and the efficiency of regional production was made by German economists - Johann Heinrich Thünen, Alfred Weber, Walter Kristaller, August Lesch, professor of economics at the University of Pennsylvania Walter Isard, French economist Jean Chardonnay, American economist of Russian origin Vasily Leontiev, V. Thompson, T. Palander, as well as the authors of the famous textbooks H. Ar ...
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Yew-Kwang Ng
Yew-Kwang Ng (; English pronunciation or simply ; born August 7, 1942) is a Malaysian-Australian economist, who is currently Special Chair Professor of Economics at Fudan University, Shanghai, and a Distinguished Fellow of the Academy of the Social Sciences in Australia. He has published in a variety of academic disciplines and is best known for his work in welfare economics. Life and work Yew-Kwang Ng was born during WW2, in Japanese-occupied Malaya. While in high school, he was drawn to studying economics because of his ambition to "establish communism in an independent Malaysia"; the Cultural Revolution in China and events in the Soviet Union later led Ng to change his mind about the viability of communism. Ng graduated with a Bachelor of Commerce from Nanyang University in 1966 and later a Ph.D. from the University of Sydney in 1971. During his studies at Nanyang University, amid the unrest of demonstrations and strikes, Ng came close to being arrested or e ...
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Markos Mamalakis
Markos Mamalakis ( Greek: Μάρκος Μαμαλάκης; born October 30, 1932) is a Greek economist specialising in development economics, particularly in Latin America. Born in Salonika, he graduated from the Experimental High School of the Aristotle University of Thessaloniki in 1950, then attended the Law School of the University and received a B.A. in Law, with the distinction ''summa cum laude'' in 1955. He did graduate work at Ludwig Maximilian University of Munich from 1955 to 1957, and University of California, Berkeley from 1957 to 1962, where he received his M.A. (1959), and Ph.D. (1962) with a dissertation entitled ''Inflation and Growth: An Asset Preference Analysis. With a Case Study of the Chilean Inflation''. He has taught or been a visiting scholar at the University of California, Berkeley; University of Western Ontario; Universidad de Chile; Yale; University of Göttingen; Woodrow Wilson International Center for Scholars; Inter-American Development Bank; an ...
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Kurt Dopfer
Kurt Dopfer is an Austrian-born Swiss economist, since 1980 Professor at the Department of Economics of University of St. Gallen A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ..., Switzerland, chair of international economics and development theory, Co-director of Institute of Economics, member University Senate, Emeritus, researcher of Swiss National Science Foundation. He also served as a visiting professor of economics at the International Christian University, Tokyo, Technical University of Dresden, Economics University of Vienna, University of Queensland, Brisbane, Institute for Advanced Studies, Vienna, and as a Commission Member of the Austrian Academy of Sciences. Kurt Dopfer published several books and numerous articles in twelve languages, has been a member of the editori ...
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Neologism
A neologism Greek νέο- ''néo''(="new") and λόγος /''lógos'' meaning "speech, utterance"] is a relatively recent or isolated term, word, or phrase that may be in the process of entering common use, but that has not been fully accepted into mainstream language. Neologisms are often driven by changes in culture and technology. In the process of language formation, neologisms are more mature than '' protologisms''. A word whose development stage is between that of the protologism (freshly coined) and neologism (new word) is a ''prelogism''. Popular examples of neologisms can be found in science, fiction (notably science fiction), films and television, branding, literature, jargon, cant, linguistics, the visual arts, and popular culture. Former examples include ''laser'' (1960) from Light Amplification by Stimulated Emission of Radiation; ''robot'' (1941) from Czech writer Karel Čapek's play '' R.U.R. (Rossum's Universal Robots)''; and '' agitprop'' (1930) (a portmantea ...
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Thomas Schelling
Thomas Crombie Schelling (April 14, 1921 – December 13, 2016) was an American economist and professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park The University of Maryland, College Park (University of Maryland, UMD, or simply Maryland) is a public land-grant research university in College Park, Maryland. Founded in 1856, UMD is the flagship institution of the University System of .... He was also co-faculty at the New England Complex Systems Institute. He was awarded the 2005 Nobel Memorial Prize in Economic Sciences (shared with Robert Aumann) for "having enhanced our understanding of conflict and cooperation through Game theory, game-theory analysis." Biography Early years Schelling was born on April 14, 1921 in Oakland, California. Schelling graduated from San Diego High. He received his bachelor's degree in economics from the University of California, Berkeley ...
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Richard Parker (economist)
Richard Parker (born November 5, 1946) is an economist from the United States. He is a graduate of Dartmouth College and the University of Oxford, and has worked for the United Nations Development Programme. Parker co-founded '' Mother Jones'' magazine and is on the editorial board of ''The Nation''. He wrote the books ''The Myth of the Middle Class'', ''Mixed Signals: the Future of Global Television News'', and ''John Kenneth Galbraith: His Life, His Politics, His Economics''. Parker has held Marshall, Rockefeller, Danforth, Goldsmith, and Bank of America fellowships; and is lecturer in public policy and senior fellow at the Joan Shorenstein Center on the Press, Politics and Public Policy at Harvard University's Kennedy School of Government, where he teaches courses on modern macroeconomic policy, as well as on the role of religion in American politics and public policy. In June 2008, Parker was elected the 26th President of the liberal political advocacy group Americans for De ...
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Niclas Andersson
Niclas may refer to: * Abraham Niclas Edelcrantz (1754–1821), Finnish born Swedish poet and inventor *Jacob Niclas Ahlström (1805–1857), Swedish Kapellmeister and composer * Johan Niclas Byström (1783–1848), Swedish sculptor *Niclas Alexandersson (born 1971), retired Swedish football midfielder *Niclas Andersén (born 1988), Swedish ice hockey player *Niclas Bendixen, Danish actor, dancer and choreographer *Niclas Edman (born 1991), Swedish ice hockey player * Niclas Fasth (born 1972), Swedish professional golfer *Niclas Frisk (born 1969), Swedish musician *Niclas Hävelid (born 1973), professional ice hockey defenceman *Niclas Jensen (born 1974), Danish professional football player *Niclas Jönsson (born 1967), former driver in the Indy Racing League * Niclas Kindvall (born 1967), retired Swedish football player *Niclas Levein (born 1988), retired Swedish ice hockey player *Niclas Lucenius (born 1989), Finnish professional ice hockey center *Niclas Olofsson (born 1975), form ...
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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, a theory that has come under considerable question in recent years. Neoclassical economics historically dominated macroeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s to the 1970s.Clark, B. (1998). ''Principles of political economy: A comparative approach''. Westport, Connecticut: Praeger. Nadeau, R. L. (2003). ''The Wealth of Nat ...
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General Equilibrium
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts to the theory of ''partial'' equilibrium, which analyzes a specific part of an economy while its other factors are held constant. In general equilibrium, constant influences are considered to be noneconomic, therefore, resulting beyond the natural scope of economic analysis. The noneconomic influences is possible to be non-constant when the economic variables change, and the prediction accuracy may depend on the independence of the economic factors. General equilibrium theory both studies economies using the model of equilibrium pricing and seeks to determine in which circumstances the assumptions of general equilibrium will hold. The theory dates to the 1870s, particularly ...
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Stuart Holland
Stuart Kingsley Holland (born 25 March 1940) is a British economist and former politician. As a Member of Parliament for the Labour Party, Holland represented the Vauxhall constituency in Lambeth, London, from 1979 until 1989, when he resigned his seat in order to take up a post at the European University Institute, Florence. He has held teaching and research posts at the universities of Oxford, Sussex, the European University Institute, the universities of Roskilde and Coimbra; has authored over 180 articles, many in referred journals, chapters in books and other papers and conference presentations; authored, co-authored or edited over 15 books on economic theory and policy, international trade, economic integration, regional theory and policy, social policies, development economics and global governance. Holland currently is a Visiting Professor at the Faculty of Economics of the University of Coimbra and a Senior Scholar of the Institute of Social and European Studies, Kös ...
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Ricardian Equivalence
The Ricardian equivalence proposition (also known as the Ricardo–de Viti–Barro equivalence theorem) is an economic hypothesis holding that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions. This leads to the result that, for a given pattern of government spending, the method of financing such spending does not affect agents' consumption decisions, and thus, it does not change aggregate demand. Introduction Governments can finance their expenditures by creating new money, by levying taxes, or by issuing bonds. Since bonds are loans, they must eventually be repaid—presumably by raising taxes in the future. The choice is therefore "tax now or tax later." Suppose that the government finances some extra spending through deficits; i.e. it chooses to tax later. According to the hypothesis, taxpayers will anticipate that they will have to pay higher taxes in future. As a result, they will save, rather than spe ...
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