Capital Theory PDF Download

Author: Peter Lewin
Publisher: Taylor & Francis
ISBN: 0429633181
Category : Business & Economics
Languages : en
Pages : 163

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Book Description
This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to capital theory remains unexplored. It is the first book to comprehensively study this financial application, which also includes modern financial tools such as Economic Value Added (EVA®). A financial application to the problem of the average period of production includes two discussions that unfold naturally from this application. The first one relates to the dual meaning of capital, one as a monetary fund and the other one as physical (capital) goods. The second concerns its implications for business-cycle theories. This second topic (1) provides a solid financial microeconomic foundation for business cycles and, also (2) makes it easy to compare different business-cycle theories across the average period of production dimension. By clarifying the obscure concept of average period of production, the authors make it easier to analyze the similarities with and differences from other business-cycle theories. By connecting finance with capital theory, they provide a new point of view and analysis of the long-standing problems in capital theory as well as other related topics such as the use of neoclassical production functions and theorizing about business cycles. Finally, they emphasize that the relevance of their application rests on both its policy implications and its contributions to contemporary economic theory.

Author: Julia Häuberer
Publisher: Springer Science & Business Media
ISBN: 3531926462
Category : Social Science
Languages : en
Pages : 315

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Book Description
The field of social capital still lacks a recognized general theory. Accordingly, various and sometimes inappropriate measurements are used for it. Julia Häuberer contributes to filling in this gap and provides progress towards the creation of a formalized social capital theory based on the founding concepts of social capital of Bourdieu (1983) and Coleman (1988), and current concepts of Putnam (2000), Burt (1992) and Lin (2001). The second part of the monograph focuses on the quality of measurements of the more general concept of social capital derived in the first part. Therefore, the telephone survey “Social Relationships among Czech Citizens” conducted as a test-retest experiment is analyzed. This book is valuable reading for academics in Sociology and Political Science.

Author: John Eatwell
Publisher: Springer
ISBN: 1349208612
Category : Business & Economics
Languages : en
Pages : 287

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Book Description
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.

Author: Gary S. Becker
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).

Author: Robert Becker
Publisher: Wiley-Blackwell
ISBN: 9781557864130
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
In Capital Theory and Equilibrium Analysis and Recursive Utility, Robert Becker and John Boyd have synthesized their previously unpublished work on recursive models.

Author: Lefteris Tsoulfidis
Publisher: Routledge
ISBN: 1351239414
Category : Business & Economics
Languages : en
Pages : 243

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Book Description
In recent years, there have been a number of new developments in what came to be known as the "Capital Theory Debates". The debates took place mainly during the 1960s as a result of Piero Sraffa's critique of the neoclassical theory according to which the prices of factors of production directly depend on their relative scarcities. Sraffa showed that when income distribution changes, there are many complexities developed within the economic system impacting on prices in ways which are not possible to predict. These debates were revisited in the 1980s and again more recently, along with a parallel literature that has developed among neoclassical economists and has also looked at the impact of shocks on an economy. This book summarizes the debates and issues around the theory of capital and brings to the fore the more recent developments. It also pinpoints the similarities and differences between the various approaches and critically evaluates them in light of available empirical evidence. The focus of the book is on the price trajectories induced by changes in income distribution and the resulting shape of the wage rates of profit curves and frontier. These issues are central to areas such as microeconomics, international trade, growth, technological change and macro stability analysis. Each chapter starts with the theoretical issues involved, followed by their formalization and subsequently with their operationalization. More specifically, the variables of the classical theory of value and distribution are rigorously defined and quantified using actual input–output data from a number of major economies, but mainly from the USA, over long stretches of time. The empirical results are not only consistent with the anticipations of the theory but also further inform and therefore strengthen its predictive content raising new significant questions.

Author: George Ritzer
Publisher: SAGE
ISBN: 1847876730
Category : Social Science
Languages : en
Pages : 565

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Book Description
This book is an indispensable resource for anyone interested in the roots, current debates and future development of social theory. It draws together a team of outstanding international scholars and presents an authoritative and panoramic critical survey of the field. The volume is divided into three parts. The first part examines the classical tradition. Included here are critical discussions of Comte, Spencer, Marx, Durkheim, Weber, Simmel, Mead, Freud, Mannheim and classical feminist thought. This part conveys the classical tradition as a living resource in social theory, it demonstrates not only the critical significance of classical writings, but their continuing relevance. The second part moves on to examine the terrain of contemporary social theory. The contributions discuss the significance and strengths and weaknesses of structural functionalism, recent Marxian theory, critical theory, symbolic interactionism, phenomenology, ethnomethodology, exchange theory, rational choice, contemporary feminism, multiculturalism, postmodernism, the thought of Foucault and Habermas, and figurational sociology. The reader gains a comprehensive and informed picture of the key issues and central figures of the day. The final part ranges over the key debates in current social theory. Questions relating to positivism, metatheorizing, cultural studies, consumption, sexualities, the body, globalism, nationalism, socialism, knowledge societies, ethics and morality, as well as post-social relations are fully discussed. The dilemmas and promise of contemporary social theory are revealed with pinpoint accuracy.

Author: Mark Skousen
Publisher: NYU Press
ISBN: 1479869953
Category : Business & Economics
Languages : en
Pages : 462

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Book Description
In 2014, the U. S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 years ago as an essential macroeconomic tool and a better way to measure the economy and the business cycle. Now it has become an official statistic issued quarterly by the Bureau of Economic Analysis at the U. S. Department of Commerce. In this new revised edition of Structure of Production, Skousen shows why GO is a more accurate and comprehensive measure of the economy because it includes business-to-business transactions that move the supply chain along to final use. (GDP measures the value of finished goods and services only, and omits B-to-B activity.) GO is an attempt to measure spending at all stages of production. Using GO, Skousen demonstrates that the supply-side of the business spending is far more important than consumer spending, is more consistent with economic growth theory, and a better measure of the business cycle.

Author: John Hagan
Publisher: New York : Oxford University Press
ISBN: 0195092821
Category : Law
Languages : en
Pages : 248

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Book Description
In the last thirty years, the number of lawyers in the United States and Canada has more than tripled, and today as many women as men are entering legal practice. The sudden, dramatic increase of women in the profession would seem to signify a new era of equality in the legal profession. However, stereotypes about women's abilities to balance responsibilities at work and home hamper their upward mobility in this male-dominated field. Battling sexual discrimination, women in law grapple with long-held assumptions about parenting, inferring that women eventually abandon their careers in order to take care of home and children. A large percentage of women leave the profession dissatisfied and distressed or seek part-time solutions, and those women who do stay in practice often find there is a ceiling on their status and monetary compensation. Gender in Practice demonstrates and explains how the structure of legal practice has changed in recent decades, often to the disadvantage of women. The issues addressed here, such as conflicts between careers and family, departures from practice, and barriers to women's promotions and earnings are of great importance to members of the profession. Looking at the careers of both men and women and using information culled from two surveys that include nearly two thousand lawyers, this revealing book traces occupational and personal experiences and analyzes these patterns in terms of work and gender. The findings are linked to practical proposals for change, some of which have already found a place in the profession. A major contribution to discussions of sexual equality in the legal workplace, Gender in Practice offers detailed insights into the current and future status of women in the law. Lawyers, law professors, and anyone concerned with gender inequality and equal rights will find this to be an interesting and informative work.

Author: Nico Stehr
Publisher: Taylor & Francis
ISBN: 9780415317399
Category : Knowledge, Sociology of
Languages : en
Pages : 378

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Book Description
The increasing investment in scientific knowledge, in its production, distribution and reproduction, is acquiring greater social significance. Everything that is regarded as knowledge in society has become a legitimate subject matter for academic investigations from various disciplines and for practitioners.