Sara is a 72-year-old widowed Caucasian female who lives in a two-bedroom apartment with her 48-year-old daughter, Stephanie, and six cats. Sara and her daughter have lived together for the past 10 years, since Stephanie returned home after a failed relationship and was unable to live independently April 24, 2018 Read More »
THE FIVE STAGES-OF-GROWTH-It is possible to identify all societies, in their economic dimensions, as lying within one of five categories: the traditional society, the preconditions for take-off, the take-off, the drive to maturity, and the age of high mass-consumption. April 24, 2018 Read More »
Output per hour worked in the United States today is 10 times as valuable as output per hour worked 100 years ago (Maddison 1982). In the 1950s, economists attributed almost all the change in output per hour worked to technological change (Abramovitz 1956; Ken- drick 1956; Solow 1957). Subsequent analysis raised our estimates of Prepared for the conference “The Problem of Economic Development: Exploring Economic Development through Free Enterprise,” held at the State University of New York at Buffalo, May 1988. I have benefited from the comments of many seminar and conference participants and two discussants (Rob Vishny, Buffalo, May 1988, and Dale Jorgenson, National Bureau of Economic Research Economic Fluctuations meeting, July 1988). April 24, 2018 Read More »
A government eager to force the pace of economic advance may be tempted by savings drives, tax cuts, investment subsidies or even population controls. As a result of these measures, each member of the labour force may enjoy more capital to work with. But this process of “capital- deepening”, as economists call it, eventually runs into diminishing returns. Giving a worker a second computer does not double his output. April 24, 2018 Read More »
In capitalist society, under the conditions most favourable to its development, we have more or less complete democracy in the democratic republic. But this democracy is always bound by the narrow framework of capitalist exploitation, and consequently always remains, in reality, a democracy for the minority, only for the possessing classes, only for the rich April 24, 2018 Read More »
Men are not gentle creatures, who want to be loved, who at the most can defend themselves if they are attacked; they are, on the contrary, creatures among whose instinctual endowments is to be reckoned a powerful share of aggressiveness April 24, 2018 Read More »
Valerie is a 45 year old woman living in the state of Connecticut. She lives with her husband, Jeff, and their two teenage daughters. Jeff is a successful banker, while Valerie worked as a seamstress from their home, and she primarily obtained business making alternations on garments. The family is covered under medical insurance supplied by Jeff’s employer. April 24, 2018 Read More »
After spending 10 years on the road as a healthcare operations improvement consultant, Isabella “Izzy” Cvengros decided it was time to settle down. Although Cvengros loved what she was doing, she had recently become engaged and wanted to spend more time with her future husband. However, with fam- ily members spread throughout the country, there was really no “home” to go back to. April 24, 2018 Read More »
Public hearings. The public hearings are being conducted primarily for interested individuals or organizations that intend to participate in person or by telephone. Details regarding participation will be provided after the GASB receives a notice of intent to participate. April 24, 2018 Read More »
Technology has been continuously emerging in the nation, there is complete dynamic environment influenced by industry, and there is need of consolidation, upgrade the products and services, emerging technology, and market globalization to remain in the business profits. (Dennis, Wixom, & Roth,2009) April 24, 2018 Read More »