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| capital resources definition economics: Capital in the Twenty-First Century Thomas Piketty, 2017-08-14 What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today. |
| capital resources definition economics: Capital Resources and the Economy Jennifer Overend Prior, 2014-07-25 Introduce students to fundamental economic concepts and help them understand financial literacy with this book about capital resources and the economy. Students will learn about different types of resources, how they are part of the economy, and how to conserve resources. Colorful images, supporting text, a glossary, table of contents, and index all work together to engage readers and help them better understand the content. This informative, colorful book uses primary sources to captivate readers as they learn social studies topics. |
| capital resources definition economics: The Positive Theory of Capital Eugen von Böhm-Bawerk, 1891 Von Boehm-Bawerk is one of the leading economists of the so-called Austrian school. With Karl Menger and others, he has contributed to the development of a theory of value which has received wide acceptance, and has been the cause of still wider discussion, in the economic world. This theory, as elaborated by Boehm von Bawerk, is based largely upon psychological principles. Its chief feature consists in a searching analysis of ‘subjective value.’ In his “Capital and Interest”, the author makes a brilliant and original study of these two subjects. “The Positive Theory of Capital” is the successor to the work mentioned above. |
| capital resources definition economics: Little Nino's Pizzeria Karen Barbour, 1990-03-15 Tony likes to help his father at their small family restaurant, but everything changes when Little Nino's Pizzeria becomes a fancier place. Barbour's vibrant artwork is packed with color and energy. |
| capital resources definition economics: Natural Resources as Capital Larry Karp, 2017-10-27 An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies. This introduction to natural resource economics treats resources as a type of capital; their management is an investment problem requiring forward-looking behavior within a dynamic setting. Market failures are widespread, often associated with incomplete or nonexistent property rights, complicated by policy failures. The book covers standard resource economics topics, including both the Hotelling model for nonrenewable resources and models for renewable resources. The book also includes some topics in environmental economics that overlap with natural resource economics, including climate change. The text emphasizes skills and intuition needed to think about dynamic models and institutional remedies in the presence of both market and policy failures. It presents the nuts and bolts of resource economics as applied to nonrenewable resources, including the two-period model, stock-dependent costs, and resource scarcity. The chapters on renewable resources cover such topics as property rights as an alternative to regulation, the growth function, steady states, and maximum sustainable yield, using fisheries as a concrete setting. Other, less standard, topics covered include microeconomic issues such as arbitrage and the use of discounting; policy problems including the “Green Paradox”; foundations for policy analysis when market failures are important; and taxation. Appendixes offer reviews of the relevant mathematics. The book is suitable for use by upper-level undergraduates or, with the appendixes, masters-level courses. |
| capital resources definition economics: Bank Risk Management in Developing Economies Leonard Onyiriuba, 2016-10-04 Bank Risk Management in Developing Economies: Addressing the Unique Challenges of Domestic Banks provides an up-to-date resource on how domestically-based banks in emerging economies can provide financial services for all economic sectors while also contributing to national economic development policies. Because these types of bank are often exposed to risky sectors, they are usually set apart from foreign subsidiaries, and thus need risk models that foreign-based banks do not address. This book is the first to identify these needs, proposing solutions through the use of case studies and analyses that illustrate how developing economic banking crises are often rooted in managing composite risks. The book represents a departure from classical literature that focuses on assets, liabilities, and balance sheet management, by which developing economy banks, like their counterparts elsewhere, have not fared well. - Contains fifty cases that reinforce risk management best practices - Provides a consistent chapter format that includes abstract, keywords, learning focus, and outcomes - Summaries, questions, and glossaries conclude each chapter |
| capital resources definition economics: Managing Intellectual Capital in Libraries Petros Kostagiolas, 2012-02-23 In the knowledge economy, professionals have to make decisions about non-tangible, non-monetary, and largely invisible resources. Information professionals need to understand the potential uses, contributions, value, structure, and creation of broadly intangible intellectual capital in libraries. In order to fully realize intellectual capital in libraries, new practices and skills are required for library management practitioners and researchers.Managing Intellectual Capital in Libraries provides research advances, guidelines, methods and techniques for managing intellectual capital in a library environment, and includes analyses and case studies. This book includes a foreword by Anne Woodsworth and is structured into seven chapters, covering: libraries in the knowledge economy; worlds of production and intellectual capital utilization in libraries; identifying and categorizing intellectual capital; measuring libraries' intellectual capital; financial valuation and reporting of intellectual capital in libraries; and survival analysis for libraries' intellectual capital resources. The book concludes with a summary, and turns the reader towards future research. - Practical methods and techniques are outlined that can be applied to real-life library situations, as they have been extensively applied in other economic sectors - Provides illustrative examples and case studies for exploring and explaining the meaning of specific intangible assets and resources in libraries, such as user oriented intangible assets, library system automation and technology, library location, human capital, external relations and more - Considers libraries as intellectual capital within organizations and broader socioeconomic systems |
| capital resources definition economics: Land Martin Adams, 2015-03-03 What if we lived in a world where everyone had enough? A world where everyone mattered and where people lived in harmony with nature? What if the solution to our economic, social, and ecological problems was right underneath our feet? Land has been sought after throughout human history. Even today, people struggle to get onto the property ladder and view real estate as an important way to build wealth. Yet, as the reader will discover through this book, the act of owning land—and our urge to profit from it—causes economic booms and busts, social and cultural decline, and environmental devastation. Land: A New Paradigm for a Thriving World introduces a radically new economic model that ensures a more fair and abundant reality for everyone. It is a book for those who dream of a better world, for themselves and future generations. Table of Contents Introduction Part I: The Cost of Ignorance 1. The Production of Wealth 2. The Value of Location 3. The Free Market 4. Social Decline 5. Business Recessions 6. Ecocide 7. Earth, Our Home Part II: A New Paradigm for a Thriving World 8. Restoring Communities 9. Keep What You Earn, Pay for What You Use 10. Local Autonomy 11. Affordable Housing 12. Thriving Cities 13. Sustainable Farming 14. The Price of Peace 15. A New Paradigm Epilogue: A Personal Note Appendix: The Math Behind the Science References & Suggestions for Further Reading Endnotes Index |
| capital resources definition economics: A Whole New Mind Daniel H. Pink, 2006-03-07 New York Times Bestseller An exciting--and encouraging--exploration of creativity from the author of When: The Scientific Secrets of Perfect Timing The future belongs to a different kind of person with a different kind of mind: artists, inventors, storytellers-creative and holistic right-brain thinkers whose abilities mark the fault line between who gets ahead and who doesn't. Drawing on research from around the world, Pink (author of To Sell Is Human: The Surprising Truth About Motivating Others) outlines the six fundamentally human abilities that are absolute essentials for professional success and personal fulfillment--and reveals how to master them. A Whole New Mind takes readers to a daring new place, and a provocative and necessary new way of thinking about a future that's already here. |
| capital resources definition economics: An Inquiry Into the Nature and Causes of the Wealth of Nations Adam Smith, 1822 |
| capital resources definition economics: Capitalism without Capital Jonathan Haskel, Stian Westlake, 2018-10-16 Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies. |
| capital resources definition economics: Tacky and the Winter Games Helen Lester, 2007-10-29 A-huff-and-a-puff-and-a-huff-and-a-puff-and-a-huff-and-a-puff WHAT'S HAPPENING? Tacky the penguin wants to know. The Winter Games, that's what's happening. And Tacky and his fellow penguins Goodly, Lovely, Angel, Neatly, and Perfect have to work hard to get in shape so they can represent Team Nice Icy Land in the athletic competitions. After rigorous training, they're ready - but are the games ready for Tacky? Will his antics keep Team Nice Icy Land from winning a medal? From bobsledless racing and ski jumping to speed skating, Tacky lends his unique, exuberant style to each competition. In laugh-out-loud scenes of Tacky and his fellow penguins' athletic debacles, Tacky reminds readers of the underlying joy and enthusiasm that propells athletes to greatness. So get ready to cheer for Team Nice Icy Land and let the games begin! |
| capital resources definition economics: Terms Of Trade: Glossary Of International Economics (2nd Edition) Alan V Deardorff, 2014-03-24 Have you ever wondered what a term in international economics means? This useful reference book offers a glossary of terms in both international trade and international finance, with emphasis on economic issues. It is intended for students getting their first exposure to international economics, although advanced students will also find it useful for some of the more obscure terms that they have forgotten or never encountered.Besides an extensive glossary of terms that has been expanded about 50% from the first edition, there is a picture gallery of diagrams used to explain key concepts such as the Edgeworth Production Box and the Offer Curve Diagram in international economics. This section is followed by over 30 lists of terms that occur a lot in international economics, grouped by subject to help users find terms that they cannot recall.Prior to an enlarged bibliography is an expanded section on the origins of terms in international economics, which records what the author has been able to learn about the origins of some of the terms used in international economics. This is a must-have portable glossary in international trade and international economics! |
| capital resources definition economics: Essential Economics Matthew Bishop, 2004-05-01 |
| capital resources definition economics: The Mystery of Capital Hernando De Soto, 2007-03-20 A renowned economist argues for the importance of property rights in the most intelligent book yet written about the current challenge of establishing capitalism in the developing world (Economist) The hour of capitalism's greatest triumph, writes Hernando de Soto, is, in the eyes of four-fifths of humanity, its hour of crisis. In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy. |
| capital resources definition economics: The Economics of Poverty Traps Christopher B. Barrett, Michael Carter, Jean-Paul Chavas, Michael R. Carter, 2018-12-07 What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies. |
| capital resources definition economics: Economics in One Lesson Henry Hazlitt, 2010-08-11 With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication. |
| capital resources definition economics: Economics, Accounting and the True Nature of Capitalism Jacques Richard, Alexandre Rambaud, 2021-11-29 Almost all economists, whether classical, neoclassical or Marxist, have failed in their analyses of capitalism to consider the underpinning systems of accounting. This book draws attention to this lacuna, focusing specifically on the concept of capital: a major concept that dominates all teaching and practice in both economics and management. It is argued that while for the practitioners of capitalism – in accounting and business – the capital in their accounts is a debt to be repaid (or a thing to be kept), for economists, it has been considered a means (or even a resource or an asset) intended to be worn out. This category error has led to economists failing to comprehend the true nature of capitalism. On this basis, this book proposes a new definition of capitalism that brings about considerable changes in the attitude to be had towards this economic system, in particular, the means to bring about its replacement. This book will be of significant interest to readers of political economy, history of economic thought, critical accounting and heterodox economics. |
| capital resources definition economics: Relationship Economics Lindon J. Robison, Bryan K. Ritchie, 2016-04-08 In a 24/7 world and a global economy, there is no doubt that relationships impact virtually every economic transaction. In Relationship Economics, Lindon Robison and Bryan Ritchie argue that what needs to be understood is not just whether relationships matter (which, of course, they do), but also, how much, and in what circumstances they should matter. Providing a rigorous and measurable definition of the way that relationships among individuals create a capital, social capital, that can be saved, spent, and used like other forms of capital, Robison and Ritchie use numerous examples and insightful analysis, to explain how social capital shapes our ability to reduce poverty, understand corruption, encourage democracy, facilitate income equality, and respond to globalization. The first part of the book explains how social capital can be manipulated, stored, expended, and invested. The second part explores how levels of social capital within relationships influence economic transactions both positively and negatively, which in turn shape poverty levels, economic efficiency, levels and types of political participation, and institutional structures. |
| capital resources definition economics: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| capital resources definition economics: Globalization and the Chinese Retailing Revolution Yong Zhen, 2007-02-28 Chinese retailing serves 1.3 billion consumers and is developing with high economic growth rates. This detailed reference examines the following issues: the revolution happening in Chinese retailing; the evolution of the opening-up policy of Chinese retailing; the great opportunities brought about by the dramatic change in the Chinese retail industry particularly by China's entry to the World Trade Organisation (WTO); how to succeed in the Chinese retail market; successful models and strategies for both Chinese retailers and multinational retailers in China. The book also discusses the deep impact of China's entry to the WTO on the Chinese retail industry and the strategic importance of the industry in China's transitional economy. - The first book to systematically study the Chinese retail industry and is written by someone who is from the inside of Chinese retailing and who understands western retailing well - Includes many case studies of multinational retailer operations in China and valuable suggestions for success in China - Wal-Mart's business model, internationalization and operations in emerging market, particularly in China |
| capital resources definition economics: Scarcity and Growth Harold J. Barnett, Chandler Morse, 2013-10-18 In this classic study, the authors assess the importance of technological change and resource substitution in support of their conclusion that resource scarcity did not increase in the Unites States during the period 1870 to 1957. Originally published in 1963 |
| capital resources definition economics: The Oxford Handbook of Human Capital Alan Burton-Jones, J. -C. Spender, 2012-05-10 Macroeconomic research on human capital - the stock of human capabilities and knowledge - has been extensively published but to date the literature has lacked a comprehensive analysis of human capital within the organization. The Oxford Handbook of Human Capital has been designed to fill that gap, providing an authoritative, inter-disciplinary, and up to date survey of relevant concepts, research areas, and applications. Specially commissioned contributions from over 40 authors reveal the importance of human capital for contemporary organizations, exploring its conceptual underpinnings, relevance to theories of the firm, implications for organizational effectiveness, interdependencies with other resources, and role in the future economy. Unlike neoclassical macroeconomic concepts of human capital, human capital in organizations is shown to be dynamic and heterogeneous, requiring new theories and management frameworks. The systemic role of human capital is explored, revealing it as the lynchpin of social, structural and other forms of intangible and tangible capital. Connections between human capital and organizational performance are investigated from HR management, procurement, alignment, value appropriation, and accounting perspectives. Links between micro and macro perspectives are provided through analyses of inter firm human capital mobility, national and regional human capital formation regimes and industry employment relations practices. This Handbook is designed for scholars and graduate students of organization and management theory, strategy, entrepreneurship, knowledge and intellectual capital, accounting, IT, HR, IR, economic sociology and cultural studies. For policy makers and practitioners it should provide an up to date guide to the nature and role of human capital in contemporary organizations and the roles that government, industry and other extra firm institutions can play in facilitating its development. |
| capital resources definition economics: The Experience Economy B. Joseph Pine, James H. Gilmore, 1999 This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products. |
| capital resources definition economics: The Code of Capital Katharina Pistor, 2020-11-03 Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively codes certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations--assets that exist only in law. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it.--Provided by publisher. |
| capital resources definition economics: Social Epidemiology Lisa F. Berkman, Ichiro Kawachi, 2000-03-09 This book shows the important links between social conditions and health and begins to describe the processes through which these health inequalities may be generated. It reviews a range of methodologies that could be used by health researchers in this field and proposes innovative future research directions. |
| capital resources definition economics: Putting Purpose Into Practice Colin Mayer, Bruno Roche, 2021 This is the first book to provide a precise description of how companies can put purpose into practice. Based on groundbreaking research undertaken between Oxford University and Mars Catalyst, it offers an accessible account of why corporate purpose is so important and how it can be implemented to address the major challenges the world faces today. |
| capital resources definition economics: Family Entrepreneurship Matt R. Allen, William B. Gartner, 2021-04-05 This book provides recent ideas, insights, facts, evidence, frameworks, and perspectives on how and why entrepreneurial families are successful over generations. The book focuses on how families successfully implement entrepreneurship across generations. That success, it argues, requires entrepreneurship at the level of the family, not only in the businesses the family owns and manages. Written by noted academics and consultants who are authorities on family entrepreneurship, the chapters provide a comprehensive exploration of the characteristics of successful entrepreneurial families, their motivations, how they behave over time, and, suggestions for how business families can encourage and sustain entrepreneurship. This comprehensive look at family entrepreneurship will serve as a fundamental reference text for family business consultants, owners, and scholars. |
| capital resources definition economics: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| capital resources definition economics: The Rate and Direction of Inventive Activity National Bureau of Economic Research, 2015-12-08 The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. |
| capital resources definition economics: Understanding Capital Duncan K. FOLEY, Duncan K Foley, 2009-06-30 Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. |
| capital resources definition economics: Human Capital Investment Centre for Educational Research and Innovation, 1998 Investment in human capital is to the fore of debate and analysis in OECD countries about how to promote economic prosperity, fuller employment, and social cohesion. Individuals, organisations and nations increasingly recognise that high levels of know |
| capital resources definition economics: Guerilla Capitalism Lan Nguyen, 2009-03-09 Aimed at globalising companies, institutional investors, business researchers, students and practitioners. Guerilla Capitalism analyses the nature of the business system and behaviour of state owned enterprises in Vietnam. Written by an expert author, the book is based on first hand case studies containing full and frank interviews with local managers on the country's business culture. It thus provides those seeking to do business in Vietnam with an unparalleled insight into how and why its businesses in general, and state owned enterprises in particular, are structured and managed, a topic about which little has been previously written. The book also presents researchers and students with a comprehensive, societal approach to the study of organisational behaviour, and offers a distinctive interpretation of the common problems of state owned enterprises in transitional economies that goes beyond the traditional economic explanation. - Is written by a Vietnamese academic whose unique access gave him an in-depth knowledge and understanding of business practices in Vietnam - Provides information on the business environment in Vietnam - Provides a comprehensive and innovative explanation and interpretation of the business system in Vietnam based on real world case studies and observations |
| capital resources definition economics: Exploring Business Karen Collins, 2009 |
| capital resources definition economics: Economy, Society and Public Policy The Core Team, 2019 Economy, Society, and Public Policy is a new way to learn economics. It is designed specifically for students studying social sciences, public policy, business studies, engineering and other disciplines who want to understand how the economy works and how it can be made to work better. Topical policy problems are used to motivate learning of key concepts and methods of economics. It engages, challenges and empowers students, and will provide them with the tools to articulate reasoned views on pressing policy problems. This project is the result of a worldwide collaboration between researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.KEY FEATURESESPP does not teach microeconomics as a body of knowledge separate from macroeconomicsStudents begin their study of economics by understanding that the economy is situated within society and the biosphereStudents study problems of identifying causation, not just correlation, through the use of natural experiments, lab experiments, and other quantitative methodsSocial interactions, modelled using simple game theory, and incomplete information, modelled using a series of principal-agent problems, are introduced from the beginning. As a result, phenomena studied by the other social sciences such as social norms and the exercise of power play a roleThe insights of diverse schools of thought, from Marx and the classical economists to Hayek and Schumpeter, play an integral part in the bookThe way economists think about public policy is central to ESPP. This is introduced in Units 2 and 3, rather than later in the course. |
| capital resources definition economics: Capital and Interest Eugen von Böhm-Bawerk, 1890 |
| capital resources definition economics: Human Capital Gary S. Becker, 2009 A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP). |
| capital resources definition economics: Economics Hugh Stretton, 1999-10-20 ‘Exactly what is needed for the thoughtful student. It introduces the different skills required in economics.’ --G.C. Harcourt, Cambridge University |
| capital resources definition economics: Natural Capitalism Paul Hawken, Amory Lovins, L. Hunter Lovins, 2007-10-15 There are no more reespected voices in the environmental movement than these authors, true counselors on the direction of twenty-first-century business. With hundreds of thousands of books sold worldwide, they have set the agenda for rational, ecologically sound industrial development. In this inspiring book they define a superior & sustainable form of capitalism based on a system that radically raises the productivity of nature's dwindling resources. Natural Capitalism shows how cutting-edge businesses are increasing their earnings, boosting growth, reducing costs, enhancing competitiveness, & restoring the earth by harnessing a new design mentality. The authors offer dozens of examples of businesses that are making fourfold or even tenfold gains in efficiency, from self-heating & self-cooling buildings to 200-miles-per-gallon cars, while ensuring that workers aren't downsized out of their jobs. This practical blueprint shows how making resources more productive will create the next industrial revolution |
| capital resources definition economics: The Race between Education and Technology Claudia Goldin, Lawrence F. Katz, 2009-07-01 This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the nineteenth century. The book argues that technological change, education, and inequality have been involved in a kind of race. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This had the effect of boosting income for most people and lowering inequality. However, the reverse has been true since about 1980. This educational slowdown was accompanied by rising inequality. The authors discuss the complex reasons for this, and what might be done to ameliorate it. |
Lesson 1: Natural, Human, and Capital Resources
Focus Question: How are natural resources, human resources and capital resources used to produce goods and services? Note: This activity aims to develop an understanding of natural, …
Economics and Business Year 5 Wants, resources and choices
The economic definition is broader, but quite specific - resources are defined as ‘all things that can be used to produce goods and services that satisfy wants’. In the economics and business …
UNIT 1
Once a natural resource has been processed or altered by humans, economists, for accounting purposes, consider it a capital resource. Thus, the cut lumber used to produce a desk is officially …
Economics Made Easy - U.S. Bureau of Labor Statistics
Capital — The tools (equipment, structures, inventories, land, intellectual property, etc.) used to produce goods and services. Capital investment — The payments made to purchase or rent …
IGCSE Economics Definition List - exampassport.online
production method that uses a large proportion of capital (1) relative to labour (1). merger (1) between firms producing different products (1). measure of inflation / cost of living (1) using …
CAPITAL STOCKS AND RESOURCE MANAGEMENT - Boston …
Define the five types of capital. Discuss the limitations of substitutability with respect to natural capital. Describe why social capital is important for economic activities. Distinguish between the …
AECO-141-Principles of economics - eagri.org
Capital is, therefore, defined as “the produced means of further production”. The word ‘capital’ is often interchangeably used for concepts like money, wealth and land. Hence, the definition of …
What Are the Four Factors of Production? - Wichita State …
Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy. How these factors are combined determines …
Economic Resources: Capital, Human, and Natural - TeachHUB
Students will learn about the role that capital, human, and natural economic resources have on our society. They will do this through whole-group classroom discussion, watching a video, small …
Lesson 1 - What Are Productive Resources? - University of …
definition for resources. Economic resources, sometimes called productive resources, include natural resources, human resources and capi-tal goods (resources). Scarcity exists because …
Economics Definition and Concepts - University of Hawaiʻi
Economics Definition and Concepts Learning Objectives After you have read this study guide, you should be able to 1. Define economics; 2. Distinguish between microeconomics and …
Types of Resources - PBS LearningMedia
Capital resources (slide #5) are existing goods used to create the goods and services people need.
2.1 Factors of Production - Saylor Academy
Define the three factors of production—labor, capital, and natural resources. Explain the role of technology and entrepreneurs in the utilization of the economy’s factors of production.
Chapter 1 Basic economic ideas and resource
Capital: goods used to produce other goods. Enterprise: organising the factors of production and bearing the risks of producing a product. TIP The two factors of production that students most …
131616 Econ r4 12/9/05 12:02 PM Page 1 What Economics Is …
Every society is endowed with resources which are used to produce the goods and services that enable it to survive and prosper. These resources, called productive resources, can be classified …
02. ECONOMIC SYSTEMS – DEFINITIONS AND …
Capitalism is a system of economic organization characterized by the private ownership and use of capital with profit motive. The most important feature of capitalism is the existence of private …
CHAPTER What Is Economics? - Pearson
Economics is the social science that studies the choices that individuals, businesses, governments and entire societies make as they cope with scarcity and the incentives that influence and …
Lesson 1 - Rolling for Resources - University of Texas at Tyler
Benchmark 12 for 4th grade: Capital goods (resources) are goods produced and used to make other goods and services. Identify productive resources. Define and give examples of natural, human …
Introduction Chapter 1 - Cambridge University Press
• Capital, also known as physical capital, is a man-made factor of production (it is itself produced) used to produce goods and services. Examples of physical capital include machinery, tools, …
Natural Capital as an Economic Concept, History and …
To take a global view of these controversial uses, this paper reconsiders the genesis of natural capital as an economic concept, not in its present-day form, but from its almost unknown, …
Capital In Agriculture - JSTOR
capital employed in agriculture is a substantial part of the total capital employed in the American economy in the production of goods and services, and that agriculture as an industry annually …
AECO-141-Principles of economics - eagri.org
definition of capital is made clearer in the following section: 1.a) Capital and Money: Money can be used to buy consumer goods (rice) as ... It increases the productivity of resources c) Supply …
UPDATED TO 2022 SYLLABUS ECONOMICS (0455)
consumers determine what is produced, resources are allocated by the price mechanism and land and capital are privately owned 9 . Price mechanism- the way the decisions made by …
Gross Capital Formation - World Bank
8. Capital goods can be much more complex and variable than consumer goods. For this reason, it maybe more difficult to obtain perfect matches between the capital goods purchased in …
An almost practical step toward sustainability - Stanford …
resources of labor, plant, and equipment that are available to it. To take the easiest case -that of natural resources -first, imagine that this economy starts with a fixed stock of nonrenewable …
Seas, Trees, and Economies - Federal Reserve Bank of St. Louis
• To produce a haircut, a barber uses capital resources such as a barber chair, scissors, combs, and a clipper. • Name some other examples of capital resources. (Stethoscope, truck, bus, …
TEACHER NOTES Economics Fundamentals Domain - Georgia …
land), human resources (i.e. labor and human capital), physical capital and entrepreneurship. Productive resources, also known as factors of production, are scarce items used in the …
Natural Capital as an Economic Concept, History and …
cultural capital and natural capital, defining the last (p. 2) as the sum of (1) exhaustible resources, (2) renewable resources, and (3) what are called today regulating ecosystem services …
Underemployment: Definition and Causes - JSTOR
complementary physical capital. But we must take the current stock of capital, both physical and human, as given in order to judge the extent to which current human resources are …
THE BASIC ECONOMIC PROBLEM Section 1 - Cambridge …
are different no resources are required to produce such goods. SKILLS FOCUS In each case, wants are unlimited, yet resources are limited whether family income, savings or a government …
The Natural Capital Approach - International Institute for …
Mar 31, 2008 · The Natural Capital Approach (NCA) is a means for identifying and quantifying natural resources and associated ecosystem goods and services that can help integrate …
Econ. 1A Getting Started What is Economics Economic Way …
Human capital (the quality of labor) is the knowledge and skill that people obtain from education, on-the-job training, and work experience. (c) Capital (K): the tools, instruments, machines, …
CAPITAL STOCKS AND RESOURCE MANAGEMENT - Boston …
d. Physical capital is synonymous with natural capital. e. Education is an investment in human capital. 12. A farmer takes a course to learn about crop rotation methods. In taking this course, …
Natural Resources: Meaning, Types and Characteristics
Natural Resources: Meaning, Types and Characteristics Meaning of Natural Resource Economics Natural resources are derived from the environment. Every man-made product in an economy …
UNDERSTANDING SOCIAL INCLUSION, SOCIAL COHESION …
De nition 1 Social capital is an individual’s sacri ces (time, e ort, consumption) made in an e ort to promote cooperation with others. De nition 2 Social cohesion is a characteristic of society …
Misallocation, Economic Growth, and Input-Output …
Misallocation, Economic Growth, and Input-Output Economics Charles I. Jones NBER Working Paper No. 16742 January 2011 JEL No. E2,O1 ABSTRACT One of the most important …
SUSTAINABILITY CONCEPTS IN ECOLOGICAL ECONOMICS
Capital is characterized either as natural, manufactured (human-made), or human capital. Natural capital refers to the services nature contributes to economic welfare. Manufactured capital …
November 20, 2014 VALUING THE WORLD AROUND US: AN …
ized definition of natural capital. In this paper, TD Economics proposes its own definition that attempts to capture the direct and indirect benefits arising from the current and future stock of …
LABOUR ECONOMICS I ECO 213 COURSE OUTLINE AND …
concept of economic. Economics problems, scope of economics and its branches, now, we introduce labour economics which is a subdivision of economics. LABOUR – is one of the …
Social capital, capital goods, and the production of learning
capital resources are a stock of non-specific but potentially productive resources that are accumulated as (1) cognate ties among community members or (2) noncognate ties between …
122-Pelenc-Weak Sustainability versus Strong Sustainability
of scarce resources Definition of thresholds and environmenta l norms Scientific knowledge as input for public deliberation (procedural rationality) ... criticality of natural capital’, Ecological …
Managerial Economics - Online Tutorials Library
economics is considered as economics applied to “problems of choice’’ or alternatives and allocation of scarce resources by the firms. Managerial economics is a discipline that …
6 BASIC ECONOMIC ACTIVITIES - The National Institute of …
Basic Economics Activities ECONOMICS Notes 45 6 BASIC ECONOMIC ACTIVITIES Production, consumption and capital formation are called the basic economic activities of an …
HUMAN CAPITAL DEFINITIONS AND APPROACHES
Human Resources Management & Ergonomics Volume V 2/2011 63 Human capital is combined knowledge, skill, innovativeness, and ability of the company‟s individual employees to meet …
LECTURE 1 SCARCITY AND CHOICE - Department of Economics
Jan 21, 2020 · • Economists’ Definition:Someone or something faces a constraint. • People, firms, and countries all face constraints. • At a point in time, constraints are given. But they can …
A NEW MACROECONOMIC MEASURE OF HUMAN CAPITAL …
Investment in human capital includes investment in formal education (early childhood, formal school system, adult training programmes), but also informal and on-the-job learning and work …
Chapter People as Resource - Byju's
In fact, human capital is in one way superior to other resources like land and physical capital: human resource can make use of land and capital. Land and capital cannot become useful on …
Natural Resources, Eonomic Growth and Sustainability: A
This chapter examines the contributions of neoclassical economics to an understanding of the complex issues involving natural resources and economic growth. It begins by discussing the …
CAPITAL FORMATION 101 - ACCF
economics from Georgetown University and a BA from Bilkent University, in Turkey. Pınar’s articles ... update of this definition to include digital capital that is composed of two types of …
The basic economic problem Section 1 - Cambridge …
has an appropriate definition. If you find that you are left with a term and a definiti on which do not appear to match, you should review your other matches. 1 Scarcity a Natural resources 2 The …
Functions of social capital – bonding, bridging, linking
social capital from economics. Key authors in this theoretical tradition can be traced from James Coleman (Coleman 1988, 1990) to Ronald Burt (Burt 1982, 1997, ... resources. Bonding social …
The Economics of Intangible Capital - Kellogg School of …
The Economics of Intangible Capital 33 Parallels with Physical Capital Intangible capital shares several properties with physical capital: 1) it is an accu-mulated factor; 2) it depreciates; and 3) …
Capital and Investment in Developing Countries - IMF eLibrary
this given structure of the economy, the definition of investment expenditure on fixed capital was quite suffi-cient. It is not only a simple definition, easy for anyone to understand, but, until …
Introduction to Social Capital Theory - Institute for Social …
Social Capital Research 20 Allandale Road Saint Clair, Dunedin New Zealand Tel.: +64 (0)22 018 9043 Email:
The Capital Account - IMF
Capital Transfers 15.18 Th e compiler needs to distinguish between capital transfers (the entry in the balance of payments as an off set to an unrequited transfer of a capital item) and current …
THE ROLE OF CAPITAL IN ECONOMIC DEVELOPMENT
as high as it can be with given national and world resources and ... include military investment in my definition of capital, because its relation to social productivity is too uncertain. 1 ... 'The …
Environmental Economics, Ecological Economics, and the …
capital for resources will be limited by the extent to which the increase in capital requires an input of resources. 'The idea of substitution might be rescued if we can demonstrate that the extra …
UNIT I - BUSINESS ECONOMICS - SBAA1103 - Sathyabama …
Robbins gave a more scientific definition of Economics. (scarcity definition) "Economics is the science which studies human behavior as a relationship between ... resources, man-made …
Natural Capital as an Economic Concept, History and …
cultural capital and natural capital, defining the last (p. 2) as the sum of (1) exhaustible resources, (2) renewable resources, and (3) what are called today regulating ecosystem services …
Capital Goods Trade and Economic Development - Dallas Fed
out, the price of capital goods is roughly the same across countries and the relative price of capital is higher in poor countries because the price of the nontradable consumption good is lower in …
Economic Efficiency, Sustainability, and Biodiversity - JSTOR
achieve economic efficiency. It is important that the definition of efficiency is made clear (1). The economic argument is straightforward: Under the Pareto criterion, a change in the allocation of …
A Primer on Intellectual Capital - Asian Development Bank
working, and financial capital, as well as additions such as the state of technology and human capital; and, as we shall see, made intellectual capital the object of interest in sundry …
NCERT Solutions for Class 9 Social Science Economics …
2. How are human resources different from other resources like land and physical capital? Ans. Human resources use other resources, such as land and physical capital, to create an output. …
The Concept of Sustainable Development: Definition and …
definition of weak sustainable development explains that only the aggregate level of capital matters: man-made, or manufactured, capital is an adequate alternative to natural capital. …
ECONOMICS (856) - cisce.org
Oct 13, 2022 · 1. Understanding Economics (i) Definition of Economics: Adam Smith, Alfred Marshall, Lionel Robbins, Samuelson. Basic understanding of economics and economic …
Capital - thebusinessguys.ie
Capital: is anything man-made which is used in the produc
ECONOMIC THEORY OF DEPLETABLE RESOURCES: AN …
economics of renewable and environmental resources, including biological resources. Volume III focuses attention on depletable resources and energy resources. While particular attention is …
Human Capital: A Project for the World - World Bank
mobilizing resources as needed and spending them better, regulating non-state actors for greater impact and equity, tackling entrenched governance problems, improving the investment …
ALFRED MARSHALL ON THE THEORY OF CAPITAL - JSTOR
capital by classical economists, in a rather unusual way, showing that the notion of capital could be given a wide range of different meanings. Interest too was defined by Marshall in a number …
