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Digital labor In this way, the so-called "gift economy" is an essential part of the reproduction of the labor force within late capitalism.
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Murray's Hypocycloidal Engine Murray's Hypocycloidal Engine, now in Thinktank, Birmingham Science Museum, England, was made around 1805 and is the world's third-oldest working steam engine and the oldest working engine with a hypocycloidal gear. Designed by Matthew Murray, and made by Fenton, Murray and Wood of Holbeck...
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Woolrich Electrical Generator The Woolrich Electrical Generator, now in Thinktank, Birmingham Science Museum, England, is the earliest electrical generator used in an industrial process. Built in February 1844 at the Magneto Works of Thomas Prime and Son, Birmingham, to a design by John Stephen Woolrich (1820–1850), it...
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Woolrich Electrical Generator He died at the age of 29 in early 1850, and was buried at St Bartholomew's Church, Edgbaston on 4 March 1850. The elder John Woolrich is listed in the United Kingdom Census 1841 as a "Chemist", and at the time of his death on 20 April 1843 was a lecturer in chemistry at the Royal School of...
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Fetish Con is an annual trade show focusing on networking within the adult entertainment industry, classes and lectures for the general public, and retail sales of adult clothing and toys. The event was first held in 2001 and is produced by XIX Events. Known as "The Networking Event of the Year" by members of the adult...
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International Journal of Greenhouse Gas Control The is a monthly peer-reviewed scientific journal covering research on greenhouse gas control. It is published by Elsevier and the editor-in-chief is John Gale. According to the "Journal Citation Reports", the journal has a 2013 impact factor of 3.821,
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Anguilla Financial Services Commission The Anguillan Financial Services Commission is an autonomous regulatory authority responsible for the regulation, supervision and inspection of all financial services in and from within Anguilla, including insurance, banking, trustee business, company management, mutual funds busi...
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Anguilla Financial Services Commission Mrs Hatton was a former financial regulator in Jersey, and is Fellow of the Institute of Advanced Legal Studies and a Freeman of the Worshipful Company of International Bankers.
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Civilizing the Economy Civilizing the Economy: A New Economics of Provision is a book on the role of the economy in social relations by Marvin Brown, published in 2010. exposes the role of the atlantic slave trade in early capitalism. In place of Adam Smith's myth of the invisible hand, Brown focuses on the slave owner...
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Civilizing the Economy James O'Toole, Daniels Distinguished Professor of Business Ethics, University of Denver stated of the book: In this profound and courageous book, Marvin Brown asks the question that moral philosophers and political economists have pondered since Socrates: What is a just society? In a spirit simil...
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China Galaxy Securities Co., Ltd. () is a Chinese brokerage and investment bank. It raised US$1.1 billion on the Stock Exchange of Hong Kong in its debut in May 2013. In January 2015, the company announced plans to issue new shares worth US$2.3 billion on HKSE. On 21 April 2015, the company announced in a HKSE filing i...
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Reverse costing describes the process of disassembling (reverse engineering) a device to identify manufacturing technology and calculate its manufacturing costs through a cost analysis of its parts and the effort required to assemble them.
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History of modernisation theory This article delineates the history of modernisation theory. Modernisation refers to a model of a progressive transition from a 'pre-modern' or 'traditional' to a 'modern' society. The theory looks at the internal factors of a country while assuming that, with assistance, "traditional" c...
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History of modernisation theory Condorcet was the first to make the connection between economic and social development and to suggest that there can be continuous progress and improvement in human affairs. The logic of this view implies that new processes and improvements are continually needed to keep pace with a cons...
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History of modernisation theory Durkheim furthermore developed the idea of social evolution, which was coined by Herbert Spencer, which indicates how societies and cultures develop over time; for Durkheim, social evolution is like biological evolution with reference to the development of its components. As with living ...
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History of modernisation theory Pessimists argue that certain 'non-modern' areas of the world are incapable of becoming modern. The eminent sociologist Max Weber also made important contributions to development theory. Weber's concept of "rationalisation" was mobilised by those who held that the most important factor b...
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History of modernisation theory David McClelland ("The Achieving Society", 1967) approached this subject from the psychological perspective, with his motivations theory, arguing that modernisation cannot happen until a given society values innovation, striving for improvement and entrepreneurship. Alex Inkeles ("Becomi...
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History of modernisation theory Presenting educational development as instrumental to nation-building and socioeconomic development, Monroe recommended the implementation of a progressive curriculum - with an emphasis on practical, adult, and teacher training - in a national system of education, as a basis for self-dev...
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History of modernisation theory The catastrophic German politics between 1914 and 1945 are interpreted in terms of a delayed modernisation of its political structures. At the core of Wehler's interpretation is his treatment of "the middle class" and "revolution," each of which was instrumental in shaping the 20th centu...
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History of modernisation theory After 1990, increased attention to cultural dimensions and to comparative and relational history moved German historiography to different topics, with much less attention paid to the Sonderweg. While some historians have abandoned the Sonderweg thesis, they have not provided a generally ...
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History of modernisation theory According to Truman doctrine and with the support of local elites, a great economical leap forward took place along with the severe repression that led to the 1967 coup d'état. This dramatic change covered the long-standing cultural divide of greek academia, comparing modern and neo-gree...
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History of modernisation theory China has been attempting to modernise ever since the Revolution of 1911 and the end of the Qing Dynasty, the last dynasty of China. Before the Qing Dynasty was overthrown, it attempted to reform from 1902 to 1908 to save itself and instigated reforms in infrastructure, transportation, a...
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History of modernisation theory Mao did contribute to the modernisation of China, however The Great Leap Forward is regarded as a failure and the Cultural Revolution from 1966 to 1976 was detrimental to China's industrialisation progress. However, during Mao's era, he transformed China from a predominantly agrarian cou...
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History of modernisation theory Although China’s economy has shifted towards privatisation and capitalism, the PRC remains an authoritative regime, which is contradictory in comparison to other examples of countries that have modernised. Democracy is the political characteristic that has defined modernised nations in t...
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History of modernisation theory In 2010 it had the third greatest GDP and GDP (PPP) in the world with the world’s largest labour force, and is acknowledged as the world’s second largest economy. In 2010 its economy was still increasing in growth at 10.3%. China has also successfully joined the largely Western internati...
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History of modernisation theory At the same time, reformists' nationalist reaction against the domineering, colonial behaviour of the Japanese in Korea often took the form of an appeal to international (Western) standards of civilisation. The Western-oriented worldview of the early Christian nationalist reformers was c...
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History of modernisation theory Consequently, Korea still maintains an inferiority complex toward Western culture, ambivalent feelings toward Japanese culture, and biased - positive or negative - views of their own cultural traditions. Thus both modernisation and colonisation have shaped the formation or distortion of ...
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History of modernisation theory Prior to the liberation of Japan by the United States from its military government, Japanese culture always honoured obedience and hierarchy, and Japanese people also despised individualism and liberty. Japan had already modernised and became an industrialised country during its Meiji pe...
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History of modernisation theory The goal of SCAP was to dissolve the army and navy, and also to punish responsible leaders, and it established the New constitution of 1946. SCAP could not function without the assistance of Japanese government because the language barrier was too high. However, this actually helped make...
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History of modernisation theory Turkey, under Kemal Atatürk in the 1920s and 1930s, engaged in a systematic modernisation programme called "Kemalism". Hundreds of European scholars came to help. Together with Turkish intellectuals they developed a successful model of development. Since independence, modernisation has b...
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History of modernisation theory Because the oil companies are generally owned by a different nation, the profits are mostly being exported from Nigeria with only one fifteenth of the wealth produced in the region returning to it. Shell, the oil company operating in Ogoniland, Nigeria has helped the country develop and ...
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History of modernisation theory This creation of a new sort of livelihood has mixed improvements, because the tribal setting is not removed, but is put into a single place.
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History of human migration Human migration is the movement by people from one place to another, particularly different countries, with the intention of settling temporarily or permanently in the new location. It typically involves movements over long distances and from one country or region to another. Historically, ea...
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History of human migration "Homo sapiens" appears to have occupied all of Africa about 150,000 years ago; some members of this species moved out of Africa 70,000 years ago (or, according to more recent studies, as early as 125,000 years ago into Asia, and even as early as 270,000 years ago), and had spread across Austr...
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History of human migration The evidence indicates that the ancestors of the Austronesian peoples spread from the South Chinese mainland to the island of Taiwan around 8,000 years ago. Evidence from historical linguistics suggests that seafaring peoples migrated from Taiwan, perhaps in distinct waves separated by millen...
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History of human migration Turkic peoples spread from their homeland in modern Turkestan across most of Central Asia into Europe and the Middle East between the 6th and 11th centuries AD. Recent research suggests that Madagascar was uninhabited until Austronesian seafarers from Indonesia arrived during the 5th and 6th ...
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History of human migration They settled in the lower Shivalik Hills in the 13th century to sanctify the manifest goddess. In the Ming occupation, the Vietnamese started expanded southward in the 11th century; this is known in Vietnamese as nam tiến (southward expansion). Manchuria was separated from China proper by the...
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History of human migration This phenomenon began in Britain in the late 18th century and spread around the world and continues to this day in many areas. Industrialization encouraged migration wherever it appeared. The increasingly global economy globalized the labor market. The Atlantic slave trade diminished sharply ...
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History of human migration Italy, Norway, Ireland and the Guangdong region of China were regions with especially high emigration rates during these years. These large migration flows influenced the process of nation state formation in many ways. Immigration restrictions have been developed, as well as diaspora cultures...
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History of human migration With the demise of legalised segregation in the 1960s and greatly improved economic opportunities in the South in the subsequent decades, millions of blacks have returned to the South from other parts of the country since 1980 in what has been called the New Great Migration. The First and Sec...
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History of human migration After the Holocaust (1938 to 1945), there was increased migration to the British Mandate of Palestine, which became the modern state of Israel as a result of the United Nations Partition Plan for Palestine. Provisions of the Potsdam Agreement from 1945 signed by victorious Western Allies and ...
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History of human migration The partition displaced up to 17 million people in the former British Indian Empire, with estimates of loss of life varying from several hundred thousand to a million. Muslim residents of the former British India migrated to Pakistan (including East Pakistan, now Bangladesh), whilst Hindu and...
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Ronald McKinnon (economist) Ronald Ian McKinnon (10 July 1935 – 1 October 2014) was an applied economist. His primary interests were international economics and economic development, with strong secondary interests in transitional economies and fiscal federalism. Understanding financial institutions in general, and mon...
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History of microeconomics Microeconomics is the study of the behaviour of individuals and small impacting organisations in making decisions on the allocation of limited resources. The modern field of microeconomics arose as an effort of neoclassical economics school of thought to put economic ideas into mathematical mo...
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History of microeconomics In the book he writes: In the same appendix he further states: Marshall's idea of solving the controversy was that the demand curve could be derived by aggregating individual consumer demand curves, which were themselves based on the consumer problem of maximising utility. The supply curve cou...
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History of microeconomics Jacob Viner presented an early procedure for constructing cost curves in his “Cost Curves and Supply Curves” (1931), the paper was an attempt to reconcile two streams of thought when dealing with this issue at the time: the idea that supplies of factors of production were given and independent...
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History of microeconomics Note that fixed costs are fixed only in their aggregate amounts, and vary with output in their amount per unit, while direct costs vary in their aggregate amount as output varies, as well as in their amount per unit. The spreading of overhead is therefore a short-run phenomenon and not to be c...
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History of microeconomics Following Sraffa he argued for "the existence with reference to each seller of groups who will deal with him instead of his competitors in spite of difference in price", he also noticed that traditional models that presumed the uniqueness of price in the market only made sense if the commodity...
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History of microeconomics Although the monopoly case was already exposed in Marshall's Principles of Economics and Cournot had already constructed models of duopoly and monopoly in 1838, a whole new set of models grew out of this new literature. In particular the monopolistic competition model results in a non efficien...
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History of microeconomics He then sets out to prove 12 propositions related to strict economies of scale, ray average costs, ray concavity and transray convexity: in particular strictly declining ray average cost implies strict declining ray subadditivity, global economies of scale are sufficient but not necessary for ...
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History of microeconomics In 1937, “The Nature of the Firm” was published by Coase introducing the notion of transaction costs (the term itself was coined in the fifties), which explained why firms have an advantage over a group of independent contractors working with each other. The idea was that there were transactio...
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History of microeconomics In particular three authors emerged from this period: Akerlof, Spence, and Stiglitz. Akerlof considered the problem of bad quality cars driving good quality cars out of the market in his classic “The Market for Lemons” (1970) because of the presence of asymmetrical information between buyers a...
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History of microeconomics They state: One application of this result is to the already mentioned Market for Lemons, which deals with adverse selection: households buy from a pool of goods with heterogeneous quality considering only average quality, since in general the equilibrium is not efficient, any tax that raises ...
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Glossary of stock market terms Following is a glossary of stock market terms.
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She-She-She Camps The were camps for unemployed women that were organized by Eleanor Roosevelt (ER) in the United States as a counterpart to the Civilian Conservation Corps (CCC) programs designed for unemployed men. ER found that the men-only focus of the CCC program left out young women who were willing to work in co...
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She-She-She Camps These tree armies kept the young male population occupied and engaged with conservation, fighting wildland fires, building dams and creating man-made lakes. Much of the state's parkland was improved even before the National Parks, but Eleanor Roosevelt asked, "What about the women?" Criteria for parti...
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She-She-She Camps It took several months but, with promotion and work, the first camp got off the ground at Bear Mountain's Camp TERA (Temporary Emergency Relief Assistance), later called Camp Jane Addams. Marian Tinker was selected as its first director. She had gone to High School in Manchester, Massachusetts, before...
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She-She-She Camps She could not believe there were not enough women willing to accept the job and warned that the numbers had to increase or the idea might be abandoned. This put the State relief administration representative, Walter W. Petit, on the hot seat to explain why only 30 of the 700 women who had applied had ...
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She-She-She Camps Many considered that the role of the woman was in the home. Others considered the idea of putting women out in the woods to learn dubious skills just plain wrong. Men laboring in CCC camps were highly amused by the female counterpart. Writing for a CCC newspaper, one noted how little work women at Cam...
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She-She-She Camps In July 1936, the American Legion of Rockland County accused Camp TERA officials of using Federal funding for communist purposes. The new Director, Bernice Miller, countered the charges, saying that "the campers were permitted the completest freedom to say and discuss what they wanted, and sing any so...
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She-She-She Camps There are audio histories of communities cleaning old facilities and donating beds, clothes, food and other staples for the women. Many North Dakota Indian women left the reservation for the very first time to attend camp programs. Oberlin College welcomed stenographers and clerical workers at its Sum...
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She-She-She Camps Other made and repaired toys and playground equipment, while some worked at creating visual training aids for public schools. Those with visual disabilities (there were camps for the blind) would make finished bedding or use natural materials to create woven products. Sewing equipment enabled the wome...
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She-She-She Camps The cost per enrollee was estimated at $39 each, plus $5 which went to personal expenses. They worked to cover food costs (taken from the $5), lodging and medical care. The camps were operated on a year-round basis and eligibility for NYA (National Youth Administration) employment was a requirement. (...
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She-She-She Camps Her vision was a two-year program for young men and women to be devoted to domestic projects such as conservation, health care, education and settlement houses. At the end of 1933, after Camp TERA was established, she had stated, "There is nothing more exciting than building a new social order."
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Bliss point (economics) In economics, the bliss point is a quantity of consumption where any further increase would make the consumer less satisfied. It is a quantity of consumption which maximizes utility in the absence of budget constraint. In other words, it refers to the amount of consumption that would be chosen b...
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Richard Woolnough (born 1964) is a fund manager with Prudential plc in the United Kingdom who in 2014 was the highest paid person in the company, earning at least £15.3 million in pay and bonuses, compared to the £11.8 million earned by the chief executive Tidjane Thiam that year. Woolnough was paid £17.5 in 2013. Wool...
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Klein–Goldberger model The was an early macroeconometric model for the United States developed by Lawrence Klein and Arthur Goldberger, Klein's doctoral student at the University of Michigan, in 1955. Grounded in Keynesian macroeconomic theory, it describes the workings of the United States economy in terms of 20 simul...
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Uzawa–Lucas model The is an economic model of endogenous growth developed by Robert Lucas, Jr., building upon initial contributions by Hirofumi Uzawa. It extends the AK model by a two-sector setup, in which physical and human capital are produced by different technologies. The model explains long-run economic growth as...
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Bowl sink A bowl sink, the first coined term for the more commonly known "vessel sink", is a free-standing sink that sits directly on the counter-top or furniture on which it is mounted. Originally invented by Meredith Wolf, a former Rhode Island resident, the product is now a worldwide decorative piece of art which se...
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Asian Monetary Fund The (AMF) was an idea put forward by the Japanese government during the 1997 Asian financial crisis at the G7-IMF meetings in Hong Kong during September 20–25, 1997 that was never implemented. The proposal was that an institution be formed to work towards towards setting up a regional network funded...
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Asian Monetary Fund In the face of this opposition from the US and a reluctance to support it from China, the was never established.
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IZA World of Labor is an open access resource providing evidence-based research. It is run by the Institute for the Study of Labor (IZA) in partnership with Bloomsbury Publishing. "IZA World of Labor" launched on 1 May 2014 at the Press Club in Washington D.C. to coincide with International Workers' Day. It is a freely...
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IZA World of Labor Articles have received international coverage, with features in UK outlets such as the "Daily Telegraph", "The Independent", and Metro; German newspapers such as Die Welt; and South American press such as Peru 21, JC Magazine, and El Correo.
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Prague interbank offered rate The Prague Inter Bank Offered Rate (PRIBOR) is the average rate at which banks are willing to lend liquidity on the Czech inter bank money market and as such, reflects the price of money on the market. PRIBOR belongs to the family of IBORs (InterBank Offered Rates) together with other fina...
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Prague interbank offered rate During its existence, PRIBOR was fixed every business day with a single exception in the summer of 2002, when it was not fixed on the August 13 and August 14 due to massive flooding that took place in Czechia. PRIBOR is defined as follows: "PRIBOR (or Prague Interbank Offered Rate) is the ...
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Prague interbank offered rate It is used in a wide range of financial instruments, including standard inter bank products such as FRAs, Interest Rate Swaps and others. PRIBOR is often used as a reference rate for mortgages (so called floating rate), meaning that their price is wholly or partially dependent on the devel...
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Prague interbank offered rate One of its main goals is to eliminate the risk of potential future manipulation of the rates (as was the case in the LIBOR scandal) and to try to ensure, that the benchmarks reflect the reality of the underlying markets. According to this regulation, any benchmark that will not have been a...
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Varian Rule The holds that "A simple way to forecast the future is to look at what rich people have today; middle-income people will have something equivalent in 10 years, and poor people will have it in an additional decade." It is attributed to Google’s chief economist Hal Varian. Andrew McAfee first called it "the V...
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Investment arbitration is arbitration in investment disputes between foreign investors and the host state which finds place within the framework of either a bilateral investment treaty (BIT) between the host state and the investor's state or a multilateral treaty, such as the NAFTA or the Energy Charter Treaty.
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Intertemporal budget constraint In economics and finance, an intertemporal budget constraint is a constraint faced by a decision maker who is making choices for both the present and the future. In its general form it says that the present value of current and future cash outflows cannot exceed the present value of curr...
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Intertemporal budget constraint In an intertemporal consumption model, the sum of utilities from expenditures made at various times in the future, these utilities discounted back to the present at the consumer's rate of time preference, would be maximized with respect to the amounts "x" consumed in each period, subject...
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Gross National Well-being Gross National Wellness (GNW) or Well-being is a socioeconomic development and measurement framework. The GNW / GNH Index consists of 7 dimensions: economic, environmental, physical, mental, work, social, and political. Most wellness areas include both subjective results (via survey) and objec...
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Gross National Well-being The GNW Index paper proposed the first GNH Index as a solution to help with the implementation of the GHN philosophy and was designed to transform the first generation abstract subjective political mission statement into a second generation implementation holistic (objective and subjective) co...
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Gross National Well-being The paper is widely referenced by academic and policy maker citing the GNW / GNH index as a potential model for local socioeconomic development and measurement. The subjective survey part of the GNW measurement system is structured into seven areas or dimensions. Each area or dimension satisfa...
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International Payment Instruction The IPI (International Payment Instruction) payment slip is a uniform European payment receipt. It was developed by the ISO (International Organization for Standardization) and the ECBS (European Committee for Banking Standards). The IPI receipt was strongly supported by the European C...
https://en.wikipedia.org/wiki?curid=46490339
Road User Charges (RUC) Set up by the NZ Transport Agency, Road user charges are a tax paid by users of vehicles which use a fuel which is not taxed at source. Vehicles powered by petrol, compressed natural gas (CNG), and liquefied petroleum gas (LPG) do not need to pay RUC as these fuels are taxed at source. Most cars...
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The Journal of Computational Finance is a peer-reviewed academic journal, published five times per year, covering advances in numerical and computational techniques in pricing, hedging, and risk management of financial instruments. It was established in 1997 and is published by as part of their Risk Journals portfolio....
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Joint Organisations Data Initiative The (JODI) is an international collaboration to improve the availability and reliability of data on petroleum and natural gas. First named the "Joint Oil Data Exercise", the collaboration was launched in April 2001 with six international organisations: Asia-Pacific Economic Cooperati...
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The Price of Inequality The Price of Inequality: How Today's Divided Society Endangers Our Future is a 2012 book by Joseph Stiglitz that deals with income inequality in the United States. He attacks the growing wealth disparity and the effects it has on the economy at large. Stiglitz is a Nobel Prize-winning economist ...
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The Price of Inequality While he promotes the idea that a free market is good for society if it is competitive, he states that the government needs to regulate it to be beneficial. If that doesn't happen, the powerful corporations will use leverage to profit at the expense of the majority. According to Stiglitz, concen...
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Rank condition The rank condition is a necessary and sufficient condition for a set of simultaneous equations in an econometric system to allow identification of all its parameters from the estimated coefficients of the reduced form equations. The condition simply requires the matrix of all structural equations of the ...
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Accounting History Review is a triannual peer-reviewed academic journal covering the history of accounting published by Routledge. It was formerly known as "Accounting, Business and Financial History". The editor is Cheryl S. McWatters (University of Ottawa). The journal is abstracted and indexed in ABC-Clio/America Hi...
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Canada–India Free Trade Agreement The Canada-India Free Trade Agreement is a free trade agreement which is currently at negotiation level, between Canada and India.
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Supermercados Super Selectos is a Salvadoran supermarket chain. The company includes Supermercados De Todo and Selectos Market. operates 80 stores in 14 Salvadoran departments. The company is not related to Puerto Rico's Supermercados Selectos.
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The Counter-Revolution of Science The Counter-Revolution of Science: Studies on the Abuse of Reason is a 1952 book by Nobel laureate economist Friedrich Hayek, in which the author addresses the problem of scientism in the social sciences, where researchers and reporters attempt to apply the methods and claims of object...
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The Counter-Revolution of Science Hayek observes that the hard sciences attempt to remove the "human factor" in order to obtain objective, strictly controlled results: Meanwhile, the soft sciences are attempting to measure human action itself: He notes that these are mutually exclusive: Social sciences should not attem...
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The Counter-Revolution of Science " He considers Hayek's theory to be part of the atomist–rationalist philosophical thinking of reality, declaring "Opinions as to whether cognition of all facts is knowable or not are based on the rationalist–empiricist idea that cognition proceeds by the analytic–summative method. This...
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Bankastræti núll ('0 Bank Street') is a collection of twenty-five essays about the 2008–11 Icelandic financial crisis by Einar Már Guðmundsson. It takes its name from the euphemistic name of old public toilets at the end of Bankastræti in Reykjavík, which Einar Már presents as a metaphor for the banking sector generall...
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Redundancy problem In international finance, the redundancy problem, also known as the n − 1 problem, is a problem of inequality of the number of policy instruments and the number of targets at the international level, suggested by Robert Mundell in . This problem does not occur at the one-country level. Suppose the nu...
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Pen's parade Pen's Parade or The Income Parade is a concept described in a 1971 book published by Dutch economist Jan Pen describing income distribution. The parade is defined as a succession of every person in the economy, with their height proportional to their income, and ordered from lowest to greatest. People with...
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