economic theory


  • WordNet 3.6
    • n economic theory (economics) a theory of commercial activities (such as the production and consumption of goods)
    • ***


In literature:

The forties was a germinating period for many new social and economic theories.
"Violence and the Labor Movement" by Robert Hunter
These are subjects to be studied in the dynamic division of economic theory.
"Essentials of Economic Theory" by John Bates Clark
Much has been done by economic theories, and more by economic laws.
"The History of Freedom" by John Emerich Edward Dalberg-Acton
All these had more or less short existences, and were founded on Owen's theories of labour and economics.
"Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 7" by Various
These are modern theories of natural law on an economic instead of an ethical basis.
"An Introduction to the Philosophy of Law" by Roscoe Pound
How is it possible to explain the French religious wars of the Sixteenth century by the theory of economic causes?
"The Planters of Colonial Virginia" by Thomas J. Wertenbaker
To a modern business man or to a city workman this theory of the economic cause of wars is not unsatisfactory.
"American World Policies" by Walter E. Weyl
Economic theory also changed.
"Encyclopaedia Britannica, 11th Edition, Volume 5, Slice 8" by Various
Has it any important bearings upon any parts of economic theory?
"Creative Intelligence" by John Dewey, Addison W. Moore, Harold Chapman Brown, George H. Mead, Boyd H. Bode, Henry Waldgrave, Stuart James, Hayden Tufts, Horace M. Kallen
The book has thus become a book on general economic theory, viewed from the standpoint of the theory of money.
"The Value of Money" by Benjamin M. Anderson, Jr.
For such a general theory there is ample material in the economic literature of all civilized countries.
"Encyclopaedia Britannica, 11th Edition, Volume 8, Slice 10" by Various
But in 1874 and 1875 came one of those curious coincidences which render possible for all time conflicting theories of an economic event.
"Readings in Money and Banking" by Chester Arthur Phillips
In the purely economical works there is more of abstract theory than the author is ever fully aware.
"Letters of David Ricardo to Thomas Robert Malthus, 1810-1823" by David Ricardo
Bahaism is not a philosophy like Tolstoism, nor a theory of economics like the "single tax"; it is a religion as much as Mormonism is.
"Bahaism and Its Claims" by Samuel Graham Wilson
Economic theory seemed to show that wages must always tend toward a starvation level.
"Ethics" by John Dewey and James Hayden Tufts
Croce maintains that Marx's theory of value is economic and not moral.
"Historical materialism and the economics of Karl Marx" by Benedetto Croce
Indeed, for economic theory of this kind, that is all there is to any economic situation.
"The Place of Science in Modern Civilisation and Other Essays" by Thorstein Veblen
Out of it grow the important economic theories of rent and capitalization.
"The Principles of Economics" by Frank A. Fetter
It is not surprising that such a theory should be peculiarly popular in interpreting economic history.
"The Agrarian Problem in the Sixteenth Century" by Richard Henry Tawney
His economics were completely muddled, and as an expert on theory he cannot be taken seriously at all.
"The Accumulation of Capital" by Rosa Luxemburg

In news:

Keynes' Economic Theories Re-emerge in Government Intervention Policies.
Now, I don't consider myself to be on another planet when it comes to economic theory.
Milton Friedman, the grandmaster of free-market economic theory in the postwar era and a prime force in the movement of nations toward less government and greater reliance on individual responsibility, died yesterday.
WASHINGTON — Cass R Sunstein, who wielded enormous power as the White House overseer of federal regulation, came to Washington to test his theories of human behavior and economic efficiency in the laboratory of the federal government.
Some economists suggest that platinum coins worth $1 trillion may curtail economic misery — in theory.
I'll give you a definition from Merriam-Webster: feminism is "the theory of the political, economic, and social equality of the sexes".
It did not take long for Republicans to realize Mankiw's comments were radioactive GOP House Speaker Dennis Hastert lambasted him, saying, "His theory fails a basic test of real economics ".
This session shows how basic economic theory relates to the recent global recession.
Leonid Hurwicz, Eric S Maskin and Roger B Myerson won the Nobel economics prize Monday for a theory that helps explain how sellers and buyers can maximize gains.
"Most economists do not subscribe to supply-side economic theory" (Wikipedia).
As economic activity slows in recessions, according to another theory, transportation and production slow as well.
Published in 1758, Frenchman Francois Quesnay's political economic theories are regarded by some as one of the top three products of human wisdom, writing and money being the other two.
Mitterrand's budget also nearly doubled expenditures on the arts-a largesse unmatched in modern times-on the theory that a cultural awakening must accompany economic recovery if France was to realize the New Renaissance he envisioned.
An MIT paper titled "A Political Theory of Populism ," defined the term as "the implementation of policies receiving support from a significant fraction of the population, but ultimately hurting the economic interests of this majority.
Coy politics and untested economic theory should doom the public option.

In science:

More recently, ideas of evolutionary game theory have been reintroduced to economics, where they are tackled with great mathematical rigor .
Stochastic evolutionary game dynamics
We argue that these issues are addressed by formulating economics in the language of a gauge theory, as proposed originally by Malaney and Weinstein.
Time and symmetry in models of economic markets
There are reasons to think that the present is a perspicuous moment for seeking to improve economic theory.
Time and symmetry in models of economic markets
Indeed, the relationship between the actual theory of general equilibrium, which is claimed to be foundational for economics, and the advice given by professional economists is not completely clear.
Time and symmetry in models of economic markets
This is precisely what the technology of gauge theories does for economics.
Time and symmetry in models of economic markets
It gives a sequence 16The paradigm of gauge theories in physics and mathematics can be approached from different points of view, and likely the same is true in economics as well.
Time and symmetry in models of economic markets
The aim of this paper was to provide a critical sketch of the foundational theory of neoclassical economics, and deduce from its strengths weaknesses how it may be improved upon by making use of ideas and techniques not available when the principles of that theory were formulated in the 1950s.
Time and symmetry in models of economic markets
Since that foundational theory, the Arrow-Debreu model of economic equilibrium is precisely defined mathematically, it is straightforward to understand and critique.
Time and symmetry in models of economic markets
From an economic point of view, five dimensions provide all the necessary degrees of freedom to construct a dual of QCD: four dimensions where the gauge theory lives, plus a radial direction dual to the energy scale of the gauge theory.
Deconfinement and Thermodynamics in 5D Holographic Models of QCD
One of the most economical ideas for the explaining the electroweak scale involves the idea that the Higgs is composite (a bit like pion), with its mass generated by non-perturbative dynamics of a new QCD-like theory, technicolour, but whose coupling grows strong near 1 TeV rather than near 1 GeV.
Moriond 2009, QCD and High Energy Interactions: Theory Summary
See, for example, the seminal paper of Harrison– Kreps in the Journal of Economic Theory (1979), and the fundamental paper of Delbaen–Schachermayer in Mathematische Annalen (1994).
J. L. Doob (27 February 1910--7 June 2004)
An Evolutionary Theory of Economic Change. Cambridge, MA: Belknap Press of Harvard University Press. Noble, D. (1977).
The Scientometrics of a Triple Helix of University-Industry-Government Relations
The valuation of derivative securities by an economic agent represents a basic problem of financial theory and practice.
Overview of utility-based valuation
Therefore pricing in incomplete financial markets becomes a non-trivial task. A classical approach in the economic theory is to view the valuation of derivatives as a part of the problem of optimal investment.
Overview of utility-based valuation
This problem arises, for example, in econometrics when testing certain economic theories and in time series analysis.
Limiting Laws of Coherence of Random Matrices with Applications to Testing Covariance Structure and Construction of Compressed Sensing Matrices