The document provides an overview of the intellectual influences and contributions of economist Tarshis. It discusses how Tarshis was influenced by economists like Robinson, Kahn, Marshall, Hall and Hitch, and Keynes. It examines Tarshis' views on theorizing and ontology, emphasizing the need for realistic assumptions grounded in facts and observations. The document also outlines some of Tarshis' policy proposals, such as progressive taxation and coordinated global economic expansion. It concludes by noting how Tarshis used ontology to provide insights into economic phenomena and supported his opinions with real-world examples rather than econometrics.
For many economists, the labour market is the most important market of all to study, analyse and evaluate. Like product markets for goods and services, labour markets can also fail. The main types of labour market failure are labour immobility including skills gaps, inequality, disincentives to be economically active, labour market discrimination and the effects of monopsony power of employers.
An alternative perspective to EM investing: The case for an industry allocati...Jean Meilhoc Ricaume
Investors have long recognised the compelling opportunity offered by emerging markets equities. Yet while returns from the asset class have considerably outperformed developed markets equities over previous market cycles, they have tended to be more volatile, severely testing investors’ resolve. Rather than attempting to time market allocations, or select regions or specific countries to over- or underweight, we believe that our proprietary emerging markets macro growth indicators and skill in identifying industry performance relative to them may offer investors a differentiated source of returns.
What is a business and how do firms set prices. mario samuel camacho compressedMario Samuel Camacho
This report explains the relationship between the concept of business or firms and business practice.
Particularly, it focuses on how to set prices to make a business grow or how to increase business reputation through corporate social responsibility.
For many economists, the labour market is the most important market of all to study, analyse and evaluate. Like product markets for goods and services, labour markets can also fail. The main types of labour market failure are labour immobility including skills gaps, inequality, disincentives to be economically active, labour market discrimination and the effects of monopsony power of employers.
An alternative perspective to EM investing: The case for an industry allocati...Jean Meilhoc Ricaume
Investors have long recognised the compelling opportunity offered by emerging markets equities. Yet while returns from the asset class have considerably outperformed developed markets equities over previous market cycles, they have tended to be more volatile, severely testing investors’ resolve. Rather than attempting to time market allocations, or select regions or specific countries to over- or underweight, we believe that our proprietary emerging markets macro growth indicators and skill in identifying industry performance relative to them may offer investors a differentiated source of returns.
What is a business and how do firms set prices. mario samuel camacho compressedMario Samuel Camacho
This report explains the relationship between the concept of business or firms and business practice.
Particularly, it focuses on how to set prices to make a business grow or how to increase business reputation through corporate social responsibility.
In today’s global economy, fears of inflation are front and center for many. This fear is driven by massive government stimulus in response to the COVID-19 pandemic.
However, many market participants nowadays haven’t experienced truly unhealthy levels of inflation and therefore aren’t prepared to protect themselves against it.
In order to understand where this fear originates from and how one can better protect themselves from unhealthy levels of inflation, it is paramount that market participants and everyday individuals understand the ins and outs of inflation.
In this report, we break down inflation, elaborate on its causes and effects, discuss how central banks manage it, explain what it means for society, and lend insight into how anyone can protect themselves against it.
Economics in One Lesson: Wars, Governments, Price Controls and the Boom-Bust ...Graham Wright
Based on the Henry Hazlitt book, this presentation is an introduction to applied economics. Hazlitt's lesson, to consider what is unseen as well as what is seen, is applied to various situations: broken windows, wars and governments.
The market process for allocating resources is introduced, and the effects of price controls, such as the minimum wage law, on resource allocation is examined.
Finally, the One Lesson and the theory of price controls is applied to the phenomenon of the boom-bust cycle, which is explained as a necessary consequence of government manipulation of interest rates.
In today’s global economy, fears of inflation are front and center for many. This fear is driven by massive government stimulus in response to the COVID-19 pandemic.
However, many market participants nowadays haven’t experienced truly unhealthy levels of inflation and therefore aren’t prepared to protect themselves against it.
In order to understand where this fear originates from and how one can better protect themselves from unhealthy levels of inflation, it is paramount that market participants and everyday individuals understand the ins and outs of inflation.
In this report, we break down inflation, elaborate on its causes and effects, discuss how central banks manage it, explain what it means for society, and lend insight into how anyone can protect themselves against it.
Economics in One Lesson: Wars, Governments, Price Controls and the Boom-Bust ...Graham Wright
Based on the Henry Hazlitt book, this presentation is an introduction to applied economics. Hazlitt's lesson, to consider what is unseen as well as what is seen, is applied to various situations: broken windows, wars and governments.
The market process for allocating resources is introduced, and the effects of price controls, such as the minimum wage law, on resource allocation is examined.
Finally, the One Lesson and the theory of price controls is applied to the phenomenon of the boom-bust cycle, which is explained as a necessary consequence of government manipulation of interest rates.
Scott operates within organisations as part of the Digital Leadership team. His focus is to ensure the delivery of a successful conclusion to all undertakings to support the organisations goals. As a Digital Leader he works with diverse teams ensuring the successful outcome across a wide variety of complex business environments.
Prepare a 3 page paper based on your on-line research.Objective .pdfarchiesgallery
Prepare a 3 page paper based on your on-line research.
Objective : Assess political, legal, cultural, and economic influences on international business
that may affect your global product/service.
Background: A country\'s business environment may be influenced by the importance of family,
religious beliefs and demographic trends. It is useful to gain social and cultural awareness about
the country you are considering for your global product/service.
In addition, political stability is commonly related to the type of government and degree of
corruption present in a country. A company my also face various business regulations and legal
constraints that could affect global business decisions.
Globalization Case Study:
You are a senior executive of a firm that is seeking to expand globally. The Chief Executive
Officer (CEO) has tasked you to develop a Business Plan (see Global Business Plan Activities).
During this case study, be thinking of a product or service which you may wish to be the focus of
your Business Plan.
For Activity #2, the CEO asked you to study national differences and political economics
associated with the Business Plan.
For your selected global product or service, assess the potential markets in five parts of the
world: Argentina, Ghana, the Czech Republic, Indonesia, and one nation selected by the student.
Make a table that characterizes and briefly discusses the growth potential, political risk,
economic risk, legal risk, and cultural differences that might influence the costs of doing
business in the country. Also address cultural considerations that might affect the firm’s business
practices in the country and the overall attractiveness of the country for your company\'s
product/service.
Be sure to cite your sources.
Solution
Growth Potential that might influence the cost of doing business in the country
In the current economic climate, growth remains a key government priority. The literature on
economic growth has turned to the effects of country\'s political, legal, economic and social
institutions on wealth and long-term growth (Acemoglu et al. (Acemoglu et al., 2001 and
Acemoglu et al., November 2002), Dollar and Kraay (Dollar & Kraay, 2003), Easterly and
Levine (Easterly & Levine, 1997), Hall and Jones (Hall Robert & Jones Charles, 1999), Knack
and Keefer (Knack & Keefer, 1995), Mauro (Mauro, 1995), Rodrik et al. (R, A, & Trebbi, 2002),
and many others). It is obvious that countries with better institutions grow faster. However, as
noted by Rodrik et al. (Hanusch, 30 June 2011), it is difficult to identify which institutions matter
and how does one acquire them. This is a question of some practical importance. In recent years,
the proliferation of datasets aiming to measure a wide gamut of institutional reforms allowed
economists to make progress in this area. In this context, the World Bank has been publishing a
series of annual Doing Business reports since 2004 investigating regulations that enhance
business activi.
The paper examines neoclassical measures to evaluate government policy in transition countries: 1) marginal factor prices and the return to capital, 2) growth rates and taxes, 3) inflation rates, and 4) debt/GDP ratios, related to international real business cycle and endogenous growth theory. It further postulates a way to consider the debt/equity position of the government, related to a risk-yield framework. This gives a potentially more useful indicator than the debt/GDP ratio alone. Empirically these measures are examined in an illustrative way for a set of Central European countries plus Germany and the US for comparison, for the period of 1990-1998, using an internally standardized data set from the on-line International Financial Statistics.
Authored by: Max Gillman
Published in 1999
The standard Keynesian view of fiscal policy holds that in short-run fiscal adjustments (expansions) reduce (stimulate) aggregate demand and due to sticky wages, prices or other market rigidities, these demand shifts affect the factors of production and output. These conventional predictions have been challenged by the observation of episodes of perverse effects of fiscal policy – so called “non-Keynesian” effects. This paper reassess the short-run consequences of fiscal policy. We provide evidence that consumption reacts in a non-linear fashion to discretionary fiscal policy changes. The results of our estimations show that households tend to behave in non-Keynesian manner when the fiscal situation of a country is bad, i.e. when public debt or fiscal deficit is large, while Keynesian behavior dominates, when the fiscal situation is sound. Our results suggest that, similarly to OECD countries, consumption function does not react in linear fashion to changes in fiscal policy also in transition economies.
Authored by: Piotr Bujak, Joanna Siwinska-Gorzelak
Published in 2003
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Contributions of Tarshis: An Ontological Perspective
1. Contributions of Tarshis:
An Ontological Perspective
Fahd Rehman
Assistant Professor/Research Fellow
Suleman Dawood School of Business (SDSB), LUMS, Pakistan
3. Introduction
Harcourt presented the contributions in a chronological
order
Economic analysis based on realism
Lorie was aware of historical process and factual
background
Objectivity in analysis and wrote engaging and
appealing economics textbooks
Modification of thoughts with historical events
Uphold broader Keynesianism and infuse details with
his evolving thoughts
Unified framework to integrate theories of value, income
determination, growth and distribution and finance
Sources of strength as economist
4. Intellectual Influences
Joan Robinson
Imperfect Competition revolution
Beggars thy neighbors: distribute poverty unfairly
Richard Kahn
Inverted L shaped cost curve
Extension of short period determination of price and
output to the price level and aggregate output
Marshall
Representative firm
Strength: Solve aggregation problem and consistent
with fallacy of composition
Weakness: Lack of precision (achieved through
mathematization of economics)
5. Hall and Hitch
Mark up pricing-variable cost+
overheads+profit
Mark up pricing and marginal method gives
identical results
Keynes
Broad outlines are the same, modify the fine
details
Made General Theory consistent with
national income accounts
Analyze factors associated with propensity to
consume and private investment
Demand for consumer goods decline, the
inducement to investment would decline showing
6. Keynes as intellectual chameleon
Advise Meltzer since Keynes, sometimes, alludes to
a day and other a long run
Rapid fluctuations in price level bring uncertainty of
expectations which in turn impact the interest rate
Shaw
Money creation as a process of financial
intermediation (realistic)
7. Theorizing and Ontology
Labor could not be considered as a statistical average
since this would mask certain characteristics. For
instance, the economic interests of wheat producers
differed from bread ones.
Employers compete with other employers in certain
domains while they join hands to resist the rising
demand of wages
Favored labor unions on the grounds they increase
the share of labor in the national income by affecting
the degree of monopoly of business firms
Large corporation vs labor union brought a balance
Good theory aided in determining the relations to be
investigated while bad theory yield false clues
State of confidence of business community affects the
expected yield
8. Theorizing and Ontology
Economic realism
It is, of course, useful to understand how decisions would
be reached if businessmen worked with estimates made to
the nth decimal point-including allowance for the
uncertainty of the estimates. But if we carry this too far, if
we permit our thinking to be the prisoner of the analytical
scheme, we gain a spurious elegance and accuracy at
heavy cost- the loss of contact with reality and an
insensitivity to what really makes the wheels turn” (1966; p.
423)
9. Theorizing and Ontology
Measurement with theory: Statistical data to illustrate
an economic phenomenon
Integrate economic theory based on realistic
assumptions, facts and observations
Analysis turned out to be different from Keynes
regarding money and real wage over the trade cycle:
Money and real wage were procyclical
Notion of equilibrium to analyse the capitalist economy
i.e. equilibrium price and actual price were closed to
each other due to thoughtful experiment
Short period from objective side i.e. size of plant and
number of firms
Differentiate between short and long period by taking a
dynamic view of competition
10. Theorizing and Ontology
Explain the dynamics of commodity production by
extending short period to long one
Disguised unemployment in the agriculture sector
during depression since demand for agri products fall
and supply increase due to reverse migration
Significant contribution of Aggregate Supply function
which led to stagflation and criticized the 45 degrees
Public investment increased output and employment in
the short and long run and there was no end of worth-
while projects
Public and private investment are complementary
Inflation affects the personal distribution of income
since income transfer takes place from low to high
income classes. Powerful groups maintain their
relative position so hinted towards conflict inflation
11. Theorizing and Ontology
Debt affects the personal distribution of income since
particular bondholder is different from a particular tax
payer
He dismissed the ideology that high debt affects the
confidence of business firm and government becomes
director competitor of business firm
Remained faithful to logical time since post Keynesian
scholars favour historical time to extend short period to
long one
Novel approach of linking theory of price, theory of
income determination, theories of distribution and
growth provided a unified framework
Price setting behavior of firm is the key
Tarshis criticized the post Keynesian scholars on the
ground of realism of assumption i.e. assumptions were
12. Policy Proposals
Proposals attacked monetarism and favor Keynesianism
To tackles stagflation, monetarists primary objective is to fight
inflation at the cost of unemployment
Monetary restraint slowed down the global trade which
aggravated the international debt problem
Progressive taxation on high income classes, cut sales and
value added taxes on business firm
World economy-a closed system
Coordinated expansion to break out of the problem of
inflation, unemployment and international debt
If all countries simultaneously try to reduce their debt, it
would increase the debt burden by hinting to fallacy of
composition
High unemployment affects the psychology of society
People hold on to jobs and devise protectionist schemes
which in turn lead to uncompetitiveness in a society
13. Policy Proposals
Direct action of the people in the absence of collective action of the
government
Favor general principles, common goals and fine details
left to the implementing countries
Malfunctioning of international monetary system
Speculative capital flow grew before 1971 and
growth of Euro Dollar Market
Debt Servicing/Export ratio is the key to gauge the
debt paying capacity
Inflation has distributional consequences for personal
income
14. Conclusion
Ontology provides insights into an
economic phenomenon
Theorize and support his opinions
with facts
Delineate pattern out of data
Never uses econometrics and apply
mathematical modelling
Engage reader with real life
examples