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Paul Sweezy
Paul Marlor Sweezy (April 10, 1910 – February 27, 2004) was a Marxist economist, political activist, publisher, and founding editor of the long-running magazine ''Monthly Review''. He is best remembered for his contributions to economic theory as one of the leading Marxian economists of the second half of the 20th century. Biography Early years and education Paul Sweezy was born on April 10, 1910, in New York City, the youngest of three sons of Everett B. Sweezy, a vice-president of First National Bank of New York.John Bellamy Foster"Memorial Service for Paul Marlor Sweezy (1910–2004),"''Monthly Review.'' His mother, Caroline Wilson Sweezy, was a graduate of Goucher College in Baltimore. Sweezy attended Phillips Exeter Academy and went on to Harvard and was editor of ''The Harvard Crimson'', graduating ''magna cum laude'' in 1932. Having completed his undergraduate coursework, his interests shifted from journalism to economics. Sweezy spent the 1931–32 academic year ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Neo-Marxian Economics
Neo-Marxism is a collection of Marxism, Marxist school of thought, schools of thought originating from 20th-century approaches to amend or extend Marxism and Marxist philosophy, Marxist theory, typically by incorporating elements from other intellectual traditions such as critical theory, psychoanalysis, or existentialism. Neo-Marxism comes under the broader framework of the New Left. In a Sociology, sociological sense, neo-Marxism adds Max Weber's broader understanding of social inequality, such as Social status, status and Power (sociology), power, to Marxist philosophy. As with many uses of the prefix ''wikt:neo-#English, neo-'', some theorists and groups who are designated as neo-Marxists have attempted to supplement the perceived deficiencies of orthodox Marxism or dialectical materialism. Many prominent neo-Marxists, such as Herbert Marcuse and other members of the Frankfurt School, have historically been sociologists and psychologists. Examples of neo-Marxism include analyt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Baltimore
Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-largest metropolitan area in the country at 2.84 million residents. The city is also part of the Washington–Baltimore combined statistical area, which had a population of 9.97 million in 2020. Baltimore was designated as an independent city by the Constitution of Maryland in 1851. Though not located under the jurisdiction of any county in the state, it forms part of the central Maryland region together with the surrounding county that shares its name. The land that is present-day Baltimore was used as hunting ground by Paleo-Indians. In the early 1600s, the Susquehannock began to hunt there. People from the Province of Maryland established the Port of Baltimore in 1706 to support the tobacco trade with Europe and established the Town ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Economic Expectations
Rational expectations is an economic theory that seeks to infer the macroeconomic consequences of individuals' decisions based on all available knowledge. It assumes that individuals' actions are based on the best available economic theory and information. History The concept of rational expectations was first introduced by John F. Muth in his paper "Rational Expectations and the Theory of Price Movements" published in 1961. Robert Lucas and Thomas Sargent further developed the theory in the 1970s and 1980s which became seminal works on the topic and were widely used in microeconomics. Significant Findings Muth’s work introduces the concept of rational expectations and discusses its implications for economic theory. He argues that individuals are rational and use all available information to make unbiased, informed predictions about the future. This means that individuals do not make systematic errors in their predictions and that their predictions are not biased by past err ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Imperfect Competition
In economics, imperfect competition refers to a situation where the characteristics of an economic market do not fulfil all the necessary conditions of a perfectly competitive market. Imperfect competition causes market inefficiencies, resulting in market failure. Imperfect competition usually describes behaviour of suppliers in a market, such that the level of competition between sellers is below the level of competition in perfectly competitive market conditions. The competitive structure of a market can significantly impact the financial performance and conduct of the firms competing within it. There is a causal relationship between competitive structure, behaviour and performance paradigm. Market structure can be determined by measuring the degree of suppliers' market concentration, which in turn reveals the nature of market competition. The degree of market power refers to firms' ability to affect the price of a good and thus, raise the market price of the good or service abov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Review Of Economic Studies
''The Review of Economic Studies'' (also known as ''REStud'') is a quarterly peer-reviewed academic journal covering economics. The journal is widely considered one of the top 5 journals in economics. It is managed by the editorial board currently chaired by Ruben Enikolopov. The current joint managing editors are Thomas Chaney at University of Southern California, Xavier D’Haultfoeuille at Center for Research in Economics and Statistics, Andrea Galeotti at London Business School, Bard Harstad at Stanford Graduate School of Business, Nir Jaimovich at University of California, San Diego, Katrine Loken at Norwegian School of Economics, Elias Papaioannou at London Business School, Vincent Sterk at University College London, and Noam Yuchtman at University of Oxford. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 6.345. History The journal was founded in 1933 by a group of economists based in Britain and the United States. The original editori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Academic Journal
An academic journal (or scholarly journal or scientific journal) is a periodical publication in which Scholarly method, scholarship relating to a particular academic discipline is published. They serve as permanent and transparent forums for the dissemination, scrutiny, and discussion of research. Unlike professional magazines or Trade magazine, trade magazines, the articles are mostly written by researchers rather than staff writers employed by the journal. They nearly universally require peer review for Research Article, research articles or other scrutiny from contemporaries competent and established in their respective fields. Academic journals trace their origins back to the 17th century. , it is estimated that over 28,100 active academic journals are in publication, with scopes ranging from the general sciences, as seen in journals like ''Science (journal), Science'' and ''Nature (journal), Nature'', to highly specialized fields. These journals publish a variety of articles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Harvard Library
Harvard Library is the network of libraries and services at Harvard University, a private Ivy League university in Cambridge, Massachusetts. Harvard Library is the oldest library system in the United States and both the largest academic library and largest private library in the world. Its collection holds over 20 million volumes, 400 million manuscripts, 10 million photographs, and one million maps. Harvard Library holds the third-largest collection of all libraries in the world, after the Library of Congress and Boston Public Library, by number of volumes held. Among libraries, measured on the number of all items held, it is the fifth-largest library in the nation. Harvard Library is a member of the Research Collections and Preservation Consortium (ReCAP); other members include Columbia University Libraries, Princeton University Library, New York Public Library, and Ivy Plus Libraries Confederation, making over 90 million books available to the library's users. The libr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Cartel
A cartel is a group of independent market participants who collaborate with each other as well as agreeing not to compete with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Jurisdictions frequently consider cartelization to be anti-competitive behavior, leading them to outlaw cartel practices. Cartels are inherently unstable due to the temptation by members of the cartel to cheat and defect on each other by improving their individual profits, which may lead to falling prices for all members. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Advancements in technology or the emergence of substitutes can undermine cartel pricing power, leadi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
PhD Degree
A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the degree is most often abbreviated PhD (or, at times, as Ph.D. in North America), pronounced as three separate letters ( ). The University of Oxford uses the alternative abbreviation "DPhil". PhDs are awarded for programs across the whole breadth of academic fields. Since it is an earned research degree, those studying for a PhD are required to produce original research that expands the boundaries of knowledge, normally in the form of a dissertation, and, in some cases, defend their work before a panel of other experts in the field. In many fields, the completion of a PhD is typically required for employment as a university professor, researcher, or scientist. Definition In the context of the Doctor of Philosophy and other similarly titled ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Joan Robinson
Joan Violet Robinson ( Maurice; 31 October 1903 – 5 August 1983) was a British economist known for her wide-ranging contributions to economic theory. One of the most prominent economists of the century, Robinson incarnated the "Cambridge School" in most of its guises in the 20th century. She started out as a Marshallian, became one of the earliest and most ardent Keynesians after 1936, and ended up as a leader of the neo-Ricardian and post-Keynesian schools. Early life and education Before leaving to fight in the Second Boer War, Joan's father, Frederick Maurice, married Margaret Helen Marsh, the daughter of Frederick Howard Marsh, and the sister of Edward Marsh, at St George's, Hanover Square. Joan Violet Maurice was born in 1903, a year after her father's return from Africa, the third of five siblings. Joan Maurice studied economics at Girton College, Cambridge. She completed her studies in 1925 but due to Cambridge University's refusal to grant degrees to women u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Harold Laski
Harold Joseph Laski (30 June 1893 – 24 March 1950) was an English political theorist and economist. He was active in politics and served as the chairman of the British Labour Party from 1945 to 1946 and was a professor at the London School of Economics from 1926 to 1950. He first promoted pluralism by emphasising the importance of local voluntary communities such as trade unions. After 1930, he began to emphasize the need for a workers' revolution, which he hinted might be violent. Laski's position angered Labour leaders who promised a nonviolent democratic transformation. Laski's position on democracy-threatening violence came under further attack from Prime Minister Winston Churchill in the 1945 UK general election, and the Labour Party had to disavow Laski, its own chairman. Laski was one of Britain's most influential intellectual spokesmen for Marxism in the interwar years. In particular, his teaching greatly inspired students, some of whom later became leaders of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Vienna
Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. Its larger metropolitan area has a population of nearly 2.9 million, representing nearly one-third of the country's population. Vienna is the Culture of Austria, cultural, Economy of Austria, economic, and Politics of Austria, political center of the country, the List of cities in the European Union by population within city limits, fifth-largest city by population in the European Union, and the most-populous of the List of cities and towns on the river Danube, cities on the river Danube. The city lies on the eastern edge of the Vienna Woods (''Wienerwald''), the northeasternmost foothills of the Alps, that separate Vienna from the more western parts of Austria, at the transition to the Pannonian Basin. It sits on the Danube, and is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
