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Law Of Diminishing Returns
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Book Synopsis The Law of Diminishing Returns: Theory and Applications by : 50minutes,
Download or read book The Law of Diminishing Returns: Theory and Applications written by 50minutes, and published by 50 Minutes. This book was released on 2015-09-02 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understand the fundamentals of economic productivity This book is a practical and accessible guide to understanding diminishing returns, providing you with the essential information and saving time. In 50 minutes you will be able to: • Understand the theory of diminishing returns and the effects caused by changes in the production process • Analyze the recent interpretations and developments of the theory, and how they can be applied to the current economy • Identify how you can use the theory to avoid diminishing returns in your production through constant innovation ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
Book Synopsis Diminishing Returns at Work by : John H. Pencavel
Download or read book Diminishing Returns at Work written by John H. Pencavel and published by Oxford University Press. This book was released on 2018-05-17 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between the number of hours worked and productivity has long fascinated economists and management. It is a central component of the production function that translates inputs to outputs. While increasing the number of hours someone works may increase output, this incisive book demonstrates that there are diminishing returns to long working hours. John H. Pencavel provides an overview of how the length of working hours evolved from the 19th century to today and how the number of working hours affects work performance and other outcomes, including health, well-being, and wages. Diminishing Returns at Work provides a brief history of working hours both in the United States and Britain, including the influence of trade unions pushing for shorter hours of work, the tension with employers who resisted reducing hours, and the influence of legislation and custom. Pencavel discusses various conceptual frameworks for specifying production functions that measure the relationship between inputs and outputs and develops an alternative approach to estimate actual relationships through a reevaluation of classic studies, including the productivity of munitions workers in Britain during the First and Second World Wars and plywood mills in Washington during the 1980s among others. The declining effectiveness of long hours is manifested not only in marketable output but also in a rising probability of ill-health and accidents, and evidence of this has been found both for blue-collar workers and for white-collar workers. In short, shorter hours of work might benefit both firms and workers.
Download or read book Diminishing Returns written by and published by Oxford University Press. This book was released on 2022-07-01 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation,' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growththe main mechanism of capitalist legitimationis harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these questions by bringing together a number of comparative and international political economists with expertise across many different countries and regions. Going beyond the methodological nationalism common in most comparative research, each author departs from a common theoretical framework, the Growth Model Perspective, and contributes to develop it further. The outcome is a new theoretical framework to help social scientists, policymakers, and opinion makers, understand the politics of growth and stagnation, which offers state of the art empirical analyses at the country, regional, and global level.
Book Synopsis Principles of Macroeconomics for AP® Courses 2e by : Steven A. Greenlaw
Download or read book Principles of Macroeconomics for AP® Courses 2e written by Steven A. Greenlaw and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Download or read book Birthday written by César Aira and published by New Directions Publishing. This book was released on 2019-02-26 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Birthday is among the very best of Aira—it will surprise readers new to his work, and will deeply satisfy his many fans Before you know it you are no longer young, and by the way, while you were thinking about other things, the world was changing—and then, just as suddenly you realize that you are fifty years old. Aira had anticipated his fiftieth—a time when he would not so much recall years past as look forward to what lies ahead—but the birthday came and went without much ado. It was only months later, while having a somewhat banal conversation with his wife about the phases of the moon, that he realized how little he really knows about his life. In Birthday Aira searches for the events that were significant to him during his first fifty years. Between anecdotes ,and memories, the author ponders the origins of his personal truths, and meditates on literature meant as much for the writer as for the reader, on ignorance, knowledge, and death. Finally, Birthday is a little sad, in a serene, crystal-clear kind of way, which makes it even more irresistible.
Book Synopsis Risk, Uncertainty and Profit by : Frank H. Knight
Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Book Synopsis An Inquiry Into the Nature and Progress of Rent, and the Principles by which it is Regulated by : Thomas Robert Malthus
Download or read book An Inquiry Into the Nature and Progress of Rent, and the Principles by which it is Regulated written by Thomas Robert Malthus and published by . This book was released on 1815 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Afterburn written by Richard Heinberg and published by New Society Publishers. This book was released on 2015-04-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential, visionary essays about our post-carbon future Climate change, along with the depletion of oil, coal, and gas dictate that we will inevitably move away from our profound societal reliance on fossil fuels; but just how big a transformation will this be? While many policy-makers assume that renewable energy sources will provide an easy "plug-and-play" solution, author Richard Heinberg suggests instead that we are in for a wild ride; a "civilization reboot" on a scale similar to the agricultural and industrial revolutions. Afterburn consists of 15 essays exploring various aspects of the 21st century migration away from fossil fuels including: Short-term political and economic factors that impede broad-scale, organized efforts to adapt The origin of longer-term trends (such as consumerism), that have created a way of life that seems "normal" to most Americans, but is actually unprecedented, highly fragile, and unsustainable Potential opportunities and sources of conflict that are likely to emerge. From the inevitability and desirability of more locally organized economies, to the urgent need to preserve our recent cultural achievements and the futility of pursuing economic growth above all, Afterburn offers cutting-edge perspectives and insights that challenge conventional thinking about our present, our future, and the choices in our hands. AWARDS FINALIST | 2015 Foreword INDIES: Essays
Book Synopsis Economic Laws and Economic History by : Charles P. Kindleberger
Download or read book Economic Laws and Economic History written by Charles P. Kindleberger and published by Cambridge University Press. This book was released on 1997-07-24 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, Charles Kindleberger makes a powerful case against the idea that any one model could be used to unlock the basic secret of economic history. It is essentially an exercise in methodology, addressed to economists and economic historians alike. He argues that too many economists discover a relationship or a uniformity in economic behaviour, develop a model, and use it to explain more than it is capable of, including, on occasion, all economic behaviour. These lectures discuss four 'laws' in economics to show how uniformities can illuminate economic history in particular aspects. They illustrate the view that the economist or economic historian seeking to test analysis against historical data should have a variety of different models, and not just one. The implication is that however scientific and technical the tools, choosing them carefully to fit particular circumstances is itself an art.
Book Synopsis The Mathematical Theory of Information by : Jan Kåhre
Download or read book The Mathematical Theory of Information written by Jan Kåhre and published by Springer Science & Business Media. This book was released on 2002-06-30 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The general concept of information is here, for the first time, defined mathematically by adding one single axiom to the probability theory. This Mathematical Theory of Information is explored in fourteen chapters: 1. Information can be measured in different units, in anything from bits to dollars. We will here argue that any measure is acceptable if it does not violate the Law of Diminishing Information. This law is supported by two independent arguments: one derived from the Bar-Hillel ideal receiver, the other is based on Shannon's noisy channel. The entropy in the 'classical information theory' is one of the measures conforming to the Law of Diminishing Information, but it has, however, properties such as being symmetric, which makes it unsuitable for some applications. The measure reliability is found to be a universal information measure. 2. For discrete and finite signals, the Law of Diminishing Information is defined mathematically, using probability theory and matrix algebra. 3. The Law of Diminishing Information is used as an axiom to derive essential properties of information. Byron's law: there is more information in a lie than in gibberish. Preservation: no information is lost in a reversible channel. Etc. The Mathematical Theory of Information supports colligation, i. e. the property to bind facts together making 'two plus two greater than four'. Colligation is a must when the information carries knowledge, or is a base for decisions. In such cases, reliability is always a useful information measure. Entropy does not allow colligation.
Book Synopsis The Myth of Development by : Oswaldo de Rivero B.
Download or read book The Myth of Development written by Oswaldo de Rivero B. and published by Zed Books. This book was released on 2001 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to prevent increasing social and political disorders, the author argues that many countries with primary production and explosive urban growth will have to abandon dreams of development to adopt a policy of national survival based on the search for water, food, and energy security - and the stabilization of their populations."--BOOK JACKET.
Book Synopsis The BCG Growth-Share Matrix: Theory and Applications by : 50minutes,
Download or read book The BCG Growth-Share Matrix: Theory and Applications written by 50minutes, and published by 50 Minutes. This book was released on 2015-09-02 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The key to portfolio management! This book is a practical and accessible guide to understanding and implementing the BCG growth-share matrix, providing you with the essential information and saving time. In 50 minutes you will be able to: • Analyze the activities in your business portfolio and identify the role they play in the business as a whole • Sort these activities into the four categories of the matrix: stars, question marks, cash cows and dogs • Identify the future market shares and growth to make sure you invest in the right activities ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
Book Synopsis Freedom and Evolution by : Adrian Bejan
Download or read book Freedom and Evolution written by Adrian Bejan and published by Springer Nature. This book was released on 2019-12-06 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book begins with familiar designs found all around and inside us (such as the ‘trees’ of river basins, human lungs, blood and city traffic). It then shows how all flow systems are driven by power from natural engines everywhere, and how they are endlessly shaped because of freedom. Finally, Professor Bejan explains how people, like everything else that moves on earth, are driven by power derived from our “engines” that consume fuel and food, and that our movement dissipates the power completely and changes constantly for greater access, economies of scale, efficiency, innovation and life. Written for wide audiences of all ages, including readers interested in science, patterns in nature, similarity and non-uniformity, history and the future, and those just interested in having fun with ideas, the book shows how many “design change” concepts acquire a solid scientific footing and how they exist with the evolution of nature, society, technology and science.
Book Synopsis Economics--Mathematical Politics Or Science of Diminishing Returns? by : Alexander Rosenberg
Download or read book Economics--Mathematical Politics Or Science of Diminishing Returns? written by Alexander Rosenberg and published by University of Chicago Press. This book was released on 1992 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economics will never be able to move beyond these vague predictions because it treats human behavior - individual and social - as the product of expectations and preferences - beliefs and desires - the variables that cannot be measured independently of the actual choices we want to predict. These factors, combined with the economist's commitment to the search for equilibrium solutions to theoretical problems, condemn economic theory to permanent predictive weakness. In the end, Rosenberg's analysis is not merely a critique. His aim is to redefine the scope and value of neoclassical theory, suggesting that its character and most important accomplishments need to be correctly understood to defend economics against the charge that it is a science of diminishing returns."--BOOK JACKET.
Book Synopsis The Brussels Effect by : Anu Bradford
Download or read book The Brussels Effect written by Anu Bradford and published by Oxford University Press. This book was released on 2020-01-27 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.
Book Synopsis Principles of Economics by : Alfred Marshall
Download or read book Principles of Economics written by Alfred Marshall and published by . This book was released on 1898 with total page 866 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Has Globalization Gone Too Far? by : Dani Rodrik
Download or read book Has Globalization Gone Too Far? written by Dani Rodrik and published by Peterson Institute. This book was released on 1997 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:
