On October 23, 2001, the Department of Justice filed a civil antitrust lawsuit against Sungard Data Systems blocking the hotsite service from acquiring assets of Comdisco Inc, another hotsite service. This transaction would have put SunGard in the position of controlling two out of the three major ...
Part II and Part III of The Rise of the Virtual State, explores the special place of the multinational enterprise in the contemporary global economy. ... His notion of economies of scope versus economies of scale is introduced in the first chapter of Part II. ... However, the aforementioned notion is contradictory to another argument that Rosecrance presents in Part II of this book. ... Rosecrance in Part II and Part III of the book shows us the importance of the leading governments role in ensuring stability and peace. ... Finally, Part II and Part III of the Rise of the Virtual State d...
Smith stated, "He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand, to promote an end which was no part of his own intention. ... Secondly, the wealth acquired by the inhabitants of cities was frequently employed in purchasing such lands as were to be sold, of which great part would frequently be uncultivated. ...
How Sound are the Foundations of the Aggregate Production Function? Abstract: The aggregate production function has been subject to a number of criticisms ever since its first empirical estimation by Cobb and Douglas in the 1920s, notably the problems raised by aggregation and the Cambridge Capital Theory Controversies. There is a further criticism due initially to Phelps Brown (and elaborated, in particular, by Simon and Shaikh) which is not so widely known. This critique is that because at the aggregate level only value data can be used to estimate production function, this means that ...
