1. Cocktail Party Economics
The direct translation from the French language is "leave alone to do", which is self-explanatory. ... I quote Adam Smith from his book "The Wealth of Nations": "Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. ... He therefore did not direct his attention in The General Theory to the issues of what should be produced and how. ...
The direct translation from the French language is "leave alone to do", which is self-explanatory. ... And what drives this flow of goods and services: I quote Adam Smith from his The Wealth of Nations: "Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. ... By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many ot...
This evident to material developments in the technology of communication (as well as transportation, whose effect has been to bring ever increasing numbers of people from all quarters of the globe into direct face-to-face contact) we are currently witnessing the emergence of a global mass culture, or as in the words of Václav Havel, a single worldwide civilization. ... Democracy that is sustainable can only be built slowly, from the ground up, which is to say, by permitting the self-directed formations of civil society to flourish. And I quote Madison who states that with globalization...
These three "Asian Tigers- encouraged direct foreign investment and diversified their production plants in places like China and Russia where labor costs less. Quoting Robert Rowthorne and Ramana Ramaswamy, he says that in doing so, they only represent a growing worldwide trend " the natural consequence of the industrial dynamism in an already developed economy- (120) The relationship between Russia and Europe is complex. ...
A quote from the Pali scriptures covers the fifth precept: 'Taking drink and drugs brings a sixfold misfortune: it leads to a loss in one's property, to quarrels, is a source of sickness, creates a bad reputation, destroys the sense of moral shame and weakens the intellect.' ... Unethical business practices have direct economic consequences. ...
Lohan (2004) argued that foreign aid discourages domestic saving in developing countries and is simply directed to consumption instead of investments. ... James Sackey, former World Bank country representative in Sierra Leone who was quoted by Jalloh (2007) said that the instructions for giving out loans and grants by the World Bank and the I.M.F include privatization, trade liberization and high interest rates. ...
(Boyd, 2002) pointed quoted a point from (The Copenhagen Centre for Partnership Studies,2002) stating that Social Partners and Social Partnership can be defined as: Social Partnership can be defined as a tri or multi-partite arrangement involving employers, trade unions, public authorities (the state and/or local/regional authorities) and/or others (e.g. voluntary sector). ... Quoted from (Boyd, 2002) he cites (Hyman 2001) stating that the term social partnership originated in the German language, first characterising the collective actors in industrial relations as Sozialpartner and then spe...
To Smith nature is many things, including "nature is the essential quality and character of something, it is the inherent force which directs either the world or human beings or both, thirdly, it is the material world itself, taken as including or not including human beings" (Smith 392). ...
Phelps Brown's critique was addressed to the fitting of production functions using cross-sectional data and was specifically directed at Douglas's various studies (see Douglas, 1944), and we consider this first, before considering the case of time-series data. ...