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Katsuhito Iwai
is a Japanese economist and critic. He has studied the theory of money, macro dynamics, evolutionary economics, philosophy of corporations, fiduciary law, and the history of sociology. His work includes the book, '' Disequilibrium Dynamics'' (Yale University Press, 1981), and many articles published in academic journals. He has also written books and articles in newspapers and magazines for the general public on a wide variety of subjects ranging from global capitalism, post-modernity, civil society, money and language to literature and movies. His keen observations and analysis of the works of Shakespeare, Marx, J. S. G. Boggs, and Ihara Saikaku have established him as one of the foremost essayists in Japan. Biography Education Katsuhito Iwai entered the University of Tokyo, Japan in 1965. After graduating in 1969, he went on to study economics at MIT in Cambridge, Massachusetts where he received his Ph.D. in 1972. Career He was an assistant research economist at the Univers ...
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Shibuya
Shibuya ( 渋谷 区 ''Shibuya-ku'') is a special ward in Tokyo, Japan. As a major commercial and finance center, it houses two of the busiest railway stations in the world, Shinjuku Station (southern half) and Shibuya Station. As of April 1, 2022, it has an estimated population of 228,906 and a population density of 15,149.30 people per km2 (39,263.4/sq mi). The total area is 15.11 km2 (5.83 sq mi). The name "Shibuya" is also used to refer to the shopping district which surrounds Shibuya Station. This area is known as one of the fashion centers of Japan, particularly for young people, and as a major nightlife area. History Heian to Edo period Shibuya was historically the site of a castle in which the Shibuya family resided from the 11th century through the Edo period. Following the opening of the Yamanote Line in 1885, Shibuya began to emerge as a railway terminal for southwestern Tokyo and eventually as a major commercial and entertainment center. Meiji to Showa peri ...
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Knut Wicksell
Johan Gustaf Knut Wicksell (December 20, 1851 – May 3, 1926) was a leading Swedish economist of the Stockholm school. His economic contributions would influence both the Keynesian and Austrian schools of economic thought. He was married to the noted feminist Anna Bugge. Early life Wicksell was born in Stockholm on December 20, 1851. His father was a relatively successful businessman and real estate broker. He lost both his parents at a relatively early age. His mother died when he was only six, and his father died when he was fifteen. His father's considerable estate allowed him to enroll at the University of Uppsala in 1869 to study mathematics and physics. Education He received his first degree in two years, and he engaged in graduate studies until 1885, when he received his doctorate in mathematics. In 1887, Wicksell received a scholarship to study on the Continent, where he heard lectures by the economist Carl Menger in Vienna. In the following years, his interests beg ...
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Shakespeare
William Shakespeare ( 26 April 1564 – 23 April 1616) was an English playwright, poet and actor. He is widely regarded as the greatest writer in the English language and the world's pre-eminent dramatist. He is often called England's national poet and the " Bard of Avon" (or simply "the Bard"). His extant works, including collaborations, consist of some 39 plays, 154 sonnets, three long narrative poems, and a few other verses, some of uncertain authorship. His plays have been translated into every major living language and are performed more often than those of any other playwright. He remains arguably the most influential writer in the English language, and his works continue to be studied and reinterpreted. Shakespeare was born and raised in Stratford-upon-Avon, Warwickshire. At the age of 18, he married Anne Hathaway, with whom he had three children: Susanna Hall, Susanna, and twins Hamnet Shakespeare, Hamnet and Judith Quiney, Judith. Sometime between 1585 and 1592, ...
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Disequilibrium Dynamics
Disequilibrium is the lack of or opposite of an equilibrium. ;Economics * lack of economic equilibrium * General disequilibrium * Disequilibrium (economics) ;Medicine * Disequilibrium (medicine) (DES), a syndrome in cerebral palsy * lack of equilibrioception * Dialysis disequilibrium syndrome ;Political science * Status-income disequilibrium ;Population genetics * Linkage disequilibrium In population genetics, linkage disequilibrium (LD) is the non-random association of alleles at different loci in a given population. Loci are said to be in linkage disequilibrium when the frequency of association of their different alleles is h ..., the non-random association of alleles at two or more loci, not necessarily on the same chromosome ;Thermodynamics * Disequilibrium (thermodynamics) {{disambig ...
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Sociology
Sociology is a social science that focuses on society, human social behavior, patterns of Interpersonal ties, social relationships, social interaction, and aspects of culture associated with everyday life. It uses various methods of Empirical research, empirical investigation and critical analysis to develop a body of knowledge about social order and social change. While some sociologists conduct research that may be applied directly to social policy and welfare, others focus primarily on refining the Theory, theoretical understanding of social processes and phenomenology (sociology), phenomenological method. Subject matter can range from Microsociology, micro-level analyses of society (i.e. of individual interaction and agency (sociology), agency) to Macrosociology, macro-level analyses (i.e. of social systems and social structure). Traditional focuses of sociology include social stratification, social class, social mobility, sociology of religion, religion, secularization, S ...
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Fiduciary Law
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, financial advisers, financial planners, and asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice, or protection is sought in some matter... In such a relation, good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts ...
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Corporations
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Evolutionary Economics
Evolutionary economics is part of mainstream economics as well as a heterodox school of economic thought that is inspired by evolutionary biology. Much like mainstream economics, it stresses complex interdependencies, competition, growth, structural change, and resource constraints but differs in the approaches which are used to analyze these phenomena. Some scholars prefer to call their evolutionary theory by a different names. Samuel Bowles named it "evolutionary social science" and Joachim Rennstich called it "evolutionary systems theory". Evolutionary economics deals with the study of processes that transform economy for firms, institutions, industries, employment, production, trade and growth within, through the actions of diverse agents from experience and interactions, using evolutionary methodology. Evolutionary economics analyzes the unleashing of a process of technological and institutional innovation by generating and testing a diversity of ideas which discover and ...
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Macro Dynamics
Macro (or MACRO) may refer to: Science and technology * Macroscopic, subjects visible to the eye * Macro photography, a type of close-up photography * Image macro, a picture with text superimposed * Monopole, Astrophysics and Cosmic Ray Observatory (MACRO), a particle physics experiment * Macronutrients, classes of chemical compounds humans consume in the largest quantities (i.e., proteins, fats, and carbohydrates) Sociology * Macrosociology, sociology at the national level * Macroeconomics, economics at a higher level, above individual markets * Macromanagement in business, the idea of "managing from afar" Computing * Macro (computer science), a set of instructions that is represented in an abbreviated format * Macro instruction, a statement, typically for an assembler, that invokes a macro definition to generate a sequence of instructions or other outputs * Macro key, a key found on some keyboards, particularly older keyboards. Media and entertainment * Macromanagement (game ...
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ...
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Critic
A critic is a person who communicates an assessment and an opinion of various forms of creative works such as art, literature, music, cinema, theater, fashion, architecture, and food. Critics may also take as their subject social or government policy. Critical judgments, whether derived from critical thinking or not, weigh up a range of factors, including an assessment of the extent to which the item under review achieves its purpose and its creator's intention and a knowledge of its context. They may also include a positive or negative personal response. Characteristics of a good critic are articulateness, preferably having the ability to use language with a high level of appeal and skill. Sympathy, sensitivity and insight are important too. Form, style and medium are all considered by the critic. In architecture and food criticism, the item's function, value and cost may be added components. Critics are publicly accepted and, to a significant degree, followed because of t ...
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Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ...
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