Laidler ‘ The Economics of Information’‚ Chapter 26 in Introduction to Microeconomics‚ 1999‚ Harvest Wheatsheaf. Lofgren‚ Persson and Weibull 2002. ‘Markets with Asymmetric Information: The contributions of George Akerlof‚ Michael Spence and Joseph Stiglitz’. Scandanavian Journal of Economics‚ 104(2)‚ 195-211 Economic Approaches to Organisations (2002) 3nd edition‚ Sytse Douma and Hein Schreuder. Prentice Hall. Chapter 4 Intermediate Microeconomics (2003)‚ John D. Hey. Mcgraw Hill Higher Education.
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I chose these two entries :- Joseph Stiglitz The basic idea that Joseph glitz talks about is how globalizations hadn’t worked out the same way that most people thought it would. The first thing he talks about is the increasing inequality between the rich and the poor between the people around the world and sometimes within the same country and the fact that globalization has something to do with that. I agree with him on the idea that technology and the education required to use technology have
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Over 200 years ago‚ our founding fathers envisioned a free America. They were able to find opportunity to bring their ideas to reality and create a foundation for a nation ideal for all. This dream is one of the many that has molded America into the reputable county it is today. Without the courage and boldness these men had to speak their minds‚ nobody would have the current opportunities accessible to them. Although many have developed the idea that the “American Dream” is not effective‚ it still
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PROGRAMME OF STUDY: International Development CANDIDATE NUMBER:10696 UNIT NUMBER: POLIM3018 UNIT TITLE: Theories of Development UNIT TUTOR: Dr. Vernon Hewitt ESSAY NUMBER & TITLE (if applicable): Explain the rise of Post-Washington Consensus WORD COUNT: 3726 without reference Explain the rise of Post-Washington Consensus Introduction Development assistance started as a concerted effort following the end of WW2. For in excess of thirty years this endeavour was headed by
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without work. In his work‚ Atkinson (1994) defined unemployment as a situation where people are willing to work but cannot find jobs. Several authors have linked the growing global economy with joblessness and unemployment in Third World economies. Stiglitz (2006) argued that globalization can lead to inequalities between countries as wages are depressed. He stated that efforts to reduce these wage inequalities will eventually lead to an increase in unemployment. In Nigeria‚ as with most Sub Saharan
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BIG ISSUES OF ECONOMIC CONCERN Samuelson has offered the world many economic theories. One area he is widely known for is his views on the spending multiplier. Samuelson has presented a way through his aggregate demand model to demonstrate how the spending multiplier affects individual types of spending. There are several components of aggregate demand. The basis for understanding this model is as follows:  An increase in prices causes a drop in household assets‚ thus causing consumers
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In Todaro-Smith(2003)‚ the structural-change theory focuses on the mechanism by which underdeveloped economies transform their domestic economic structures from a heavy emphasis on traditional subsistence agriculture to a more modern‚ more urbanized‚ and more industrially diverse manufacturing and service economy. It employs the tools of neoclassical price and resource allocation theory and modern econometrics to describe how this transformation process takes place. Two well-known representative
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Design of Microfinance Paper presented at Microfinance Risk Management‚ Center for Social Development‚ Washington University‚ USA November 2000‚ unpublished. Shaw‚ E. (1973) Financial Deepening in Economic Development Oxford University Press. New York Stiglitz‚ J Tilakaratna‚ S. (1996) Credit schemes for the rural poor: Some conclusions and lessons from practice Issues in Development‚ International Labour Organization Geneva 1996‚ unpublished.
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occurred from 1981 to 2011. Both estate and inheritance taxes have been steadily declining since the 1990s. Economic inequality in the United States has been steadily increasing since the 1980s as well and economists such as Paul Krugman‚ Joseph Stiglitz‚ and Peter Orszag‚ politicians like Barack Obama and Paul Ryan‚ and media entities have engaged in debates and accusations over the role of tax policy changes in perpetuating economic inequality. A 2011 Congressional Research Service report stated
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institutions and free markets. (Marx – well known critic of private property institutions‚ free markets‚ and free trade. 2. Explain the ideologies implied by the statements of: the letter to the U.S. Congress signed by 100 leading economists‚ Joseph Stiglitz‚ Bob Corker‚ the Republican resolution on the bailouts‚ Robert Higgs‚ and Michael Winther.
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