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Thomas Nixon Carver
Thomas Nixon Carver (25 March 1865 – 8 March 1961) was an American economics professor. Early life He grew up on a farm, the son of Quaker parents. He received an undergraduate education at Iowa Wesleyan College and the University of Southern California. After studying under John Bates Clark and Richard T. Ely at Johns Hopkins University, he received a Ph.D. degree at Cornell University under Walter Francis Willcox in 1894. Career He held a joint appointment in economics and sociology at Oberlin College until 1902, when he accepted a position as professor of political economy at Harvard University (1902–1935). For a time, there he taught the only course in sociology. He was the secretary-treasurer of the American Economic Association (1909–1913) and was elected its President in 1916. Carver's principal achievement in economic theory was to extend Clark's theory of marginalism to determination of interest from saving ('abstinence') and productivity of capital. He made pio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory, a theory that has come under considerable question in recent years. Neoclassical economics historically dominated macroeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s to the 1970s.Clark, B. (1998). ''Principles of political economy: A comparative approach''. Westport, Connecticut: Praeger. Nadeau, R. L. (2003). ''The Wealth o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Economy
Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth; "political" signifying the Greek word '' polity'' and "economy" signifying the Greek word '; household management. The earliest works of political economy are usually attributed to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Allan Neilson
William Allan Neilson (28 March 1869 – 1946) was a Scottish-American educator, writer and lexicographer, graduated in the University of Edinburgh in 1891 and became a PhD in Harvard University in 1898. He was president of Smith College between 1917 and 1939. Neilson was born in Doune, Scotland and he emigrated to the United States in 1895, being naturalised 3 August 1905. He taught at Bryn Mawr College from 1898 to 1900, Harvard from 1900 to 1904, Columbia from 1904 to 1906, and Harvard again from 1906 to 1917. Neilson was author of a number of critical works on William Shakespeare, Robert Burns and the Elizabethan theatre, editor of the Cambridge and Tudor editions of Shakespeare (1906, 1911) and editor of '' Webster's New International Dictionary, Second Edition'' (1934). Less known is his translation of the famous late 14th century Middle English alliterative chivalric romance ''Sir Gawain and the Green Knight''. Works ''The Origins and Sources of the "Court of Love" ''(1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Science
Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and laws. Modern political science can generally be divided into the three subdisciplines of comparative politics, international relations, and political theory. Other notable subdisciplines are public policy and administration, domestic politics and government, political economy, and political methodology. Furthermore, political science is related to, and draws upon, the fields of economics, law, sociology, history, philosophy, human geography, political anthropology, and psychology. Political science is methodologically diverse and appropriates many methods originating in psychology, social research, and political philosophy. Approaches include positivism, interpretivism, rational choice theory, behaviouralism, structuralism, pos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Problem Of Evil
The problem of evil is the question of how to reconcile the existence of evil and suffering with an omnipotent, omnibenevolent, and omniscient God.The Stanford Encyclopedia of Philosophy,The Problem of Evil, Michael TooleyThe Internet Encyclopedia of Philosophy,, Nick Trakakis There are currently differing definitions of these concepts. The best known presentation of the problem is attributed to the Greek philosopher Epicurus. It was popularized by David Hume. Besides the philosophy of religion, the problem of evil is also important to the fields of theology and ethics. There are also many discussions of evil and associated problems in other philosophical fields, such as secular ethics, and evolutionary ethics. But as usually understood, the problem of evil is posed in a theological context. Responses to the problem of evil have traditionally been in three types: refutations, defenses, and theodicies. The problem of evil is generally formulated in two forms: the logi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distribution Of Wealth
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity. The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to the International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income." For rankings regarding wealth, see list of countries by wealth equality or list of countries by wealth per adult. Definition of wealth Wealth of an individual is defined as net worth, expressed as: wealth = assets − liabilities A broader definition of wealth, which is rarely used in the measurement of wealth inequality, also includes human capital. For example, the United Nations definition of '' inclusive wealth'' is a monetary measure whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as Gross domestic product, GDP (Gross Domestic Product), unemployment (including Unemployment#Measurement, unemployment rates), national income, price index, price indices, output (economics), output, Consumption (economics), consumption, inflation, saving, investment (macroeconomics), investment, Energy economics, energy, international trade, and international finance. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Economics
Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. The discipline has historically prefigured, and remains integrally linked to, macroeconomics. This branch also examines the effects of monetary systems, including regulation of money and associated financial institutions and international aspects. Modern analysis has attempted to provide microfoundations for the demand for money and to distinguish valid nominal and real monetary relationships for micro or macro uses, including their influence on the aggregate demand for output. Its methods include deriving and testing the implications of money as a substitute for other assets and as based on explicit frictions. History The foundationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rural Sociology
Rural sociology is a field of sociology traditionally associated with the study of social structure and conflict in rural areas. It is an active academic field in much of the world, originating in the United States in the 1910s with close ties to the national Department of Agriculture and land-grant university colleges of agriculture. While the issue of natural resource access transcends traditional rural spatial boundaries, the sociology of food and agriculture is one focus of rural sociology, and much of the field is dedicated to the economics of farm production. Other areas of study include rural migration and other demographic patterns, environmental sociology, amenity-led development, public-lands policies, so-called " boomtown" development, social disruption, the sociology of natural resources (including forests, mining, fishing and other areas), rural cultures and identities, rural health-care, and educational policies. Many rural sociologists work in the areas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rural Economics
Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems. Rural development and finance attempt to solve larger challenges within rural economics. These economic issues are often connected to the migration from rural areas due to lack of economic activities and rural poverty. Some interventions have been very successful in some parts of the world, with rural electrification and rural tourism providing anchors for transforming economies in some rural areas. These challenges often create rural-urban income disparities. Rural spaces add new challenges for economic analysis that require an understanding of economic geography: for example understanding of size and spatial distribution of production and household units and interregional trade, land use, and how low population density effects government policies as to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Economics
Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and Natural fiber, fiber products. Agricultural economics began as a branch of economics that specifically dealt with land use, land usage. It focused on maximizing the crop yield while maintaining a good soil science, soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agricultural economics today includes a variety of applied areas, having considerable overlap with conventional economics.Daniel A. Sumner, Julian M. Alson, and Joseph W. Glauber (2010). "Evolution of the Economics of Agricultural Policy", ''American Journal of Agricultural Economics'', v. 92, pp. 403-423. Agricultural economists have made substantial contributions to research in economics, econometrics, development economics, and environmental economics. Agricultural economics influ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any non ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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