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| durable good economics definition: Longer Lasting Products Tim Cooper, 2016-05-06 The present economic system requires us to consume and throw away more and more goods. Yet often it's our desire, and the best interests of the environment, for these goods to last. The contributors to this book, who comprise many of the most significant international thinkers in the field, explore how longer lasting products could offer enhanced value while reducing environmental impacts. If we created fewer but better quality products, looked after them carefully and invested more in repair, renovation and upgrading, would this direct our economy onto a more sustainable course? The solution sounds simple, yet it requires a seismic shift in how we think, whether as producers or consumers, and our voracious appetite for novelty. The complex range of issues associated with product life-spans demands a multidisciplinary approach. The book covers historical context, design, engineering, marketing, law, government policy, consumer behaviour and systems of provision. It addresses the whole range of consumer durables - vehicles, kitchen appliances, audio-visual equipment and other domestic products, furniture and floor coverings, hardware, garden tools, clothing, household textiles, recreational goods and DIY goods - as well as the re-use of packaging. Longer Lasting Products provides policy makers, those involved in product design, manufacturing and marketing, and all of us as consumers, with clear and compelling guidance as to how we can move away from a throwaway culture towards an economy sustained by more durable goods. |
| durable good economics definition: A Tea Reader Katrina Avila Munichiello, 2017-03-21 A Tea Reader contains a selection of stories that cover the spectrum of life. This anthology shares the ways that tea has changed lives through personal, intimate stories. Read of deep family moments, conquered heartbreak, and peace found in the face of loss. A Tea Reader includes stories from all types of tea people: people brought up in the tea tradition, those newly discovering it, classic writings from long-ago tea lovers and those making tea a career. Together these tales create a new image of a tea drinker. They show that tea is not simply something you drink, but it also provides quiet moments for making important decisions, a catalyst for conversation, and the energy we sometimes need to operate in our lives. The stories found in A Tea Reader cover the spectrum of life, such as the development of new friendships, beginning new careers, taking dream journeys, and essentially sharing the deep moments of life with friends and families. Whether you are a tea lover or not, here you will discover stories that speak to you and inspire you. Sit down, grab a cup, and read on. |
| durable good economics definition: Good Economics for Hard Times Abhijit V. Banerjee, Esther Duflo, 2019-11-12 The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world. |
| durable good economics definition: Economics Arthur O'Sullivan, Steven M. Sheffrin, Prentice Hall Staff, 2002-05 Economics: Principles in Action is a multi-dimensional, comprehensive high school economics program designed to help students of all abilities achieve a fundamental understanding of key economic principles and their application in the real world. Twenty key economic concepts - developed by The National Council on Economic Education and outlined in the Voluntary National Content Standards in Economics - are introduced and reinforced throughout the program. At the heart of Economics: Principles in Action is demonstrating the relevance of economics to students' lives. From case studies and videos to interactive CD-ROMs, the program clarifies key economic principles and help students understand the connections between those principles and everyday life. |
| durable good economics definition: The Economics of New Goods Timothy F. Bresnahan, Robert J. Gordon, 2008-04-15 New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living. |
| durable good economics definition: An Inquiry Into the Nature and Causes of the Wealth of Nations Adam Smith, 1822 |
| durable good economics definition: The Economics of Welfare Arthur Cecil Pigou, 1920 |
| durable good economics definition: Manufacturers' Shipments, Inventories, and Orders , 1972 |
| durable good economics definition: 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. |
| durable good economics definition: Consumer Credit and the American Economy Thomas A. Durkin, Gregory E. Elliehausen, 2014 Consumer Credit and the American Economy examines the economics, behavioral science, sociology, history, institutions, law, and regulation of consumer credit in the United States. After discussing the origins and various kinds of consumer credit available in today's marketplace, this book reviews at some length the long run growth of consumer credit to explore the widely held belief that somehow consumer credit has risen too fast for too long. It then turns to demand and supply with chapters discussing neoclassical theories of demand, new behavioral economics, and evidence on production costs and why consumer credit might seem expensive compared to some other kinds of credit like government finance. This discussion includes review of the economics of risk management and funding sources, as well discussion of the economic theory of why some people might be limited in their credit search, the phenomenon of credit rationing. This examination includes review of issues of risk management through mathematical methods of borrower screening known as credit scoring and financial market sources of funding for offerings of consumer credit. The book then discusses technological change in credit granting. It examines how modern automated information systems called credit reporting agencies, or more popularly credit bureaus, reduce the costs of information acquisition and permit greater credit availability at less cost. This discussion is followed by examination of the logical offspring of technology, the ubiquitous credit card that permits consumers access to both payments and credit services worldwide virtually instantly. After a chapter on institutions that have arisen to supply credit to individuals for whom mainstream credit is often unavailable, including payday loans and other small dollar sources of loans, discussion turns to legal structure and the regulation of consumer credit. There are separate chapters on the theories behind the two main thrusts of federal regulation to this point, fairness for all and financial disclosure. Following these chapters, there is another on state regulation that has long focused on marketplace access and pricing. Before a final concluding chapter, another chapter focuses on two noncredit marketplace products that are closely related to credit. The first of them, debt protection including credit insurance and other forms of credit protection, is economically a complement. The second product, consumer leasing, is a substitute for credit use in many situations, especially involving acquisition of automobiles. This chapter is followed by a full review of consumer bankruptcy, what happens in the worst of cases when consumers find themselves unable to repay their loans. Because of the importance of consumer credit in consumers' financial affairs, the intended audience includes anyone interested in these issues, not only specialists who spend much of their time focused on them. For this reason, the authors have carefully avoided academic jargon and the mathematics that is the modern language of economics. It also examines the psychological, sociological, historical, and especially legal traditions that go into fully understanding what has led to the demand for consumer credit and to what the markets and institutions that provide these products have become today. |
| durable good economics definition: Universal Economics Armen Albert Alchian, William Richard Allen, 2018 Universal Economics is a new work that bears a strong resemblance to its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh presentation of the analytical tools employed in the economic way of thinking. More than any other principles textbook, Universal Economics develops the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in a modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles. No one has ever done price theory better than Alchian -- that is, no one has ever excelled Alchians ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few -- I can count them on my fingers -- have a claim for being considered to have done price theory as well as he did it. -- Donald Boudreaux, George Mason University. Armen A. Alchian (19142013), one of the twentieth centurys great teachers of economic science, taught at UCLA from 1958 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian. Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagans Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland. |
| durable good economics definition: The Theory of the Leisure Class Thorstein Veblen, 2009-05-01 Considered the first in-depth critique of consumerism, economist Thorstein Veblen's 1899 book The Theory of the Leisure Class has come to be regarded as one of the great works of economic theory. Using contemporary and anthropological accounts, Veblen held that our economic and social norms are driven by traces of our early tribal life, rather than ideas of utility. |
| durable good economics definition: 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. |
| durable good economics definition: Economic Security: Neglected Dimension of National Security ? National Defense University (U S ), National Defense University (U.S.), Institute for National Strategic Studies (U S, Sheila R. Ronis, 2011-12-27 On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security. |
| durable good economics definition: The Principles of Economics, with Applications to Practical Problems Frank Albert Fetter, 1904 |
| durable good economics definition: Consumer Law and Economics Klaus Mathis, Avishalom Tor, 2020-08-31 This edited volume covers the challenges currently faced by consumer law in Europe and the United States, ranging from fundamental theoretical questions, such as what goals consumer law should pursue, to practical questions raised by disclosure requirements, the General Data Protection Regulation and technology advancements. With governments around the world enacting powerful new regulations concerning consumers, consumer law has become an important topic in the economic analysis of law. Intended to protect consumers, these regulations typically seek to do so by giving them tools to make better decisions, or by limiting the consequences of their bad decisions. Legal scholars are divided, however, regarding the efficacy and effects of these regulations; some call for certain policies to be abolished, while others support a regulatory expansion. |
| durable good economics definition: An Introduction to Circular Economy Lerwen Liu, Seeram Ramakrishna, 2020-12-18 This book is purposefully styled as an introductory textbook on circular economy (CE) for the benefit of educators and students of universities. It provides comprehensive knowledge exemplified by practices from policy, education, R&D, innovation, design, production, waste management, business and financing around the world. The book covers sectors such as agriculture/food, packaging materials, build environment, textile, energy, and mobility to inspire the growth of circular business transformation. It aims to stimulate action among different stakeholders to drive CE transformation. It elaborates critical driving forces of CE including digital technologies; restorative innovations; business opportunities & sustainable business model; financing instruments, regulation & assessment and experiential education programs. It connects a CE transformation for reaching the SDGs2030 and highlights youth leadership and entrepreneurship at all levels in driving the sustainability transformation. |
| durable good economics definition: What's the Matter with Kansas? Thomas Frank, 2007-04-01 One of our most insightful social observers* cracks the great political mystery of our time: how conservatism, once a marker of class privilege, became the creed of millions of ordinary Americans With his acclaimed wit and acuity, Thomas Frank turns his eye on what he calls the thirty-year backlash—the populist revolt against a supposedly liberal establishment. The high point of that backlash is the Republican Party's success in building the most unnatural of alliances: between blue-collar Midwesterners and Wall Street business interests, workers and bosses, populists and right-wingers. In asking what 's the matter with Kansas?—how a place famous for its radicalism became one of the most conservative states in the union—Frank, a native Kansan and onetime Republican, seeks to answer some broader American riddles: Why do so many of us vote against our economic interests? Where's the outrage at corporate manipulators? And whatever happened to middle-American progressivism? The questions are urgent as well as provocative. Frank answers them by examining pop conservatism—the bestsellers, the radio talk shows, the vicious political combat—and showing how our long culture wars have left us with an electorate far more concerned with their leaders' values and down-home qualities than with their stands on hard questions of policy. A brilliant analysis—and funny to boot—What's the Matter with Kansas? presents a critical assessment of who we are, while telling a remarkable story of how a group of frat boys, lawyers, and CEOs came to convince a nation that they spoke on behalf of the People. *Los Angeles Times |
| durable good economics definition: The Shadow Economy Friedrich Schneider, Dominik H. Enste, 2013-02-14 This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work. |
| durable good economics definition: 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. |
| durable good economics definition: The Principles of Economics Frank Albert Fetter, 1911 |
| durable good economics definition: The Rhetoric of Economics Deirdre N. McCloskey, 1998-05-15 A classic in its field, this pathbreaking book humanized the scientific rhetoric of economics to reveal its literary soul. Economics needs to admit that it, like other sciences, works with metaphors and stories. Its most mathematical and statistical moments are properly dominated by comparison and narration, that is to say, human persuasion. The book was McCloskey's opening move in the development of a humanomics, and unification of the sciences and the humanities on the field of ordinary business life. |
| durable good economics definition: Hard-to-Measure Goods and Services Ernst R. Berndt, Charles R. Hulten, 2009-02-15 The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy. Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output. |
| durable good economics definition: Public Goods for Economic Development Olga Memedović, 2008 This publication addresses factors that promote or inhibit successful provision of the four key international public goods: financial stability, international trade regime, international diffusion of technological knowledge and global environment. Without these goods, developing countries are unable to compete, prosper or attract capital from abroad. The need for public goods provision is also recognized by the Millennium Development Goals, internationally agreed goals and targets for knowledge, health, governance and environmental public goods. The Report addresses the nature of required policies and institutions using the modern principles of collective action. |
| durable good economics definition: The Long Shadow of Informality Franziska Ohnsorge, Shu Yu, 2022-02-09 A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity. |
| durable good economics definition: Economics , |
| durable good economics definition: Weekly Weather and Crop Bulletin , 1984 |
| durable good economics definition: Consumer Durable Goods Canada. Industry Canada, 1995 Consumer durable goods cover a wide range of sectors and subsectors in the Canadian economy. For the purposes of this discussion, consumer durable goods have been grouped to include the following selected categories: furniture and fixtures, hardware, sporting goods, and toys and games. Together, this group represents an important segment of the Canadian economy, employing 56, 000 people and exporting $2.3 billion worth of goods annually. This document presents statistical tables on industry and Uruguay Round. |
| durable good economics definition: Harmonies of Political Economy Frédéric Bastiat, 2017 Keine Angaben |
| durable good economics definition: Principles of Economics 2e Steven A. Greenlaw, David Shapiro, Timoth Taylor, 2017-10-11 |
| durable good economics definition: Introduction to Modern Economic Growth Daron Acemoglu, 2008-12-15 From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: acemoglusolutions@press.princeton.edu |
| durable good economics definition: Replacing GDP by 2030 Rutger Hoekstra, 2019-05-30 Proposes an new strategy for the beyond-GDP community which aims to replace the economic paradigm centred on Gross Domestic Product (GDP) by 2030. |
| durable good economics definition: Assetization Kean Birch, Fabian Muniesa, 2020-07-14 How the asset—anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. In this book, scholars from a range of disciplines argue that the asset—meaning anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. An asset can be an object or an experience, a sum of money or a life form, a patent or a bodily function. A process of assetization prevails, imposing investment and return as the key rationale, and overtaking commodification and its speculative logic. Although assets can be bought and sold, the point is to get a durable economic rent from them rather than make a killing on the market. Assetization examines how assets are constructed and how a variety of things can be turned into assets, analyzing the interests, activities, skills, organizations, and relations entangled in this process. The contributors consider the assetization of knowledge, including patents, personal data, and biomedical innovation; of infrastructure, including railways and energy; of nature, including mineral deposits, agricultural seeds, and “natural capital”; and of publics, including such public goods as higher education and “monetizable social ills.” Taken together, the chapters show the usefulness of assetization as an analytical tool and as an element in the critique of capitalism. Contributors Thomas Beauvisage, Kean Birch, Veit Braun, Natalia Buier, Béatrice Cointe, Paul Robert Gilbert, Hyo Yoon Kang, Les Levidow, Kevin Mellet, Sveta Milyaeva, Fabian Muniesa, Alain Nadaï, Daniel Neyland, Victor Roy, James W. Williams |
| durable good economics definition: Economic Principles Frank Albert Fetter, 1920 <p>At a time when many economists were warming to the notion of central planning, Fetter worked to present general economic forces at work in all times and all places. It was the great American economic treatise, and it still holds up after all these years. The date of publication is 1915. It is a massive book at 530 pages.</p> <p>Recall that Fetter is the thinker who upheld the time-preference theory of interest, someone whose writing Rothbard had interest in. He certainly stands with the Austrians in the broadest sense.</p> |
| durable good economics definition: Principles of Economics in Context Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, Mariano Torras, 2015-03-04 Principles of Economics in Context lays out the principles of micro- and macroeconomics in a manner that is thorough, up to date, and relevant to students, attuned to the economic realities of the world around them. It offers engaging treatment of important current topics such as new thinking in behavioral economics, financial instability and market bubbles, debt and deficits, and policy responses to the problems of unemployment, inequality, and environmental sustainability. This new, affordable edition combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro and macro analysis and application, with many up-to-date examples and extensive supporting web resources for instructors and students. Key features include: An eye-opening statistical portrait of the United States; Clear explanation of basic concepts and analytical tools, with advanced models presented in optional chapter appendices; Presentation of policy issues in historical, institutional, social, political, and ethical context--an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition; Issues of human well-being, both domestic and global, are given central importance, enriching the topics and analytical tools to which students are introduced; The theme of sustainability--financial, social, and ecological--is thoroughly integrated in the book, with chapters on alternatives to standard GDP measurement, the environment, common property, public goods, and growth and sustainability in the twenty-first century; Full complement of instructor and student support materials online, including test banks and grading through Canvas. |
| durable good economics definition: Engineering Economics and Financial Accounting Kesavan, 2005 |
| durable good economics definition: 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. |
| durable good economics definition: Economic Harmonies Frédéric Bastiat, 1996 |
| durable good economics definition: Comprehensive Economics XII S. A. Siddiqui, A. S. Siddiqui, 2011-02 |
| durable good economics definition: Economics Explained Robert L. Heilbroner, Lester Thurow, 1998-05-05 Introduces basic concept of economics and examines 1990s trends in the American economy including inequality in incomes, globalized capitalism, and the specter of inflation. |
Durable Goods Theory for Real World Markets - American …
Durable goods pose a number of questions for microeconomic analysis. One set of questions involves durability choice and the related issue of “planned obso-lescence.” For example, do …
Durable Goods: An Explanation for Their Slow Adjustment
In this paper I develop new results on the problem of dynamic aggregation of stochastically heterogeneous units, which help to characterize the connection between microeco- nomic …
February 7, 2021,Christopher D. Carroll Durables Durables
©February 7, 2021,Christopher D. Carroll Durables Durables Consideraconsumerwhogetsutilityfromaflowofconsumptionofnondurablegoods, c t ...
23 DURABLES AND USER COSTS - International Labour …
2 An alternative definition of a durable good is that the good delivers services to its purchaser for a period exceeding three years: “The Bu reau of Economic Analysis defines consumer durables as …
Price Dynamics for Durable Goods - Scholars at Harvard
Dt increases over time, as prices and markups fall. markups increase (procyclical) with demand shocks and decrease (countercyclical) with cost shocks. D-good is a CES aggregator of varieties: …
Consumption of durable goods in the ongoing economic …
Household spending on durable goods is the part of private consumption that is most sensitive to the business cycle. Private consumption encompasses services, non-durable goods, semi …
Monetary Policy and Durable Goods; - Federal Reserve Bank of …
We argue in this paper that optimal monetary policies should often place greater weight on inflation in durable goods sectors.
The Treatment of Durable Goods and Housing - Vancouver …
When a durable good (other than housing) is purchased by a consumer, national Consumer Price Indexes typically attribute all of that expenditure to the period of purchase even though the use …
Durable Goods Theory for Real World Markets - JSTOR
Durable goods pose a number of questions for microeconomic analysis. One set of questions involves durability choice and the related issue of "planned obso- lescence." For example, do …
Equilibrium Yield Curves: The Role of Durable Goods - The …
We set up and estimate an equilibrium two-good nominal economy which fea-tures nonseparable utility over durable and nondurable consumption, persistent variations in real expected growth …
CHAPTER 5: PERSONAL CONSUMPTION EXPENDITURES
Personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy.1 It accounts for about two-thirds of domestic final spending, …
Durable Goods - World Bank
A durable good is a consumption good that can “deliver useful services to a consumer through repeated use over an extended period of time”: - useful services: utility, or consumption, which is …
Durable Goods and the Business Cycle - Reserve Bank of …
Durable goods provide a stream of services or utility over time. In contrast, non-durable goods and services tend to be consumed immediately.
Optimal Dynamic Choice of Durable and Perishable Goods y
We analyze the life cycle consumption choice model for multiple goods, focus-ing on the distinction between durables and perishables. As an approximation of the fact that rather high transaction …
recent developments in the consumption of durable Goods in …
Consumer goods are classified in three categories, depending on their durability. Durable consumer goods typically include commodities with an expected lifetime of more than three years and with …
Durable Goods - World Bank
Long-lived goods (automobiles, appliances, furniture, etc.) have a positive and significant impact on living standards. Whatis a durable good? Why do durable goods require special treatment? How …
Durable Good Definition Economics (2024)
Durable Good Definition Economics: Monetary Policy and the Relative Price of Durable Goods Alessandro Cantelmo,Mr.Giovanni Melina,2017-12-22 In a SVAR model of the US the response of …
Fiscal Policy and Durable Goods - Department of Economics
spending on durable goods leads to smaller sectoral expansions than spending on nondurable goods. There is also evidence for state-dependence: While the durables multiplier is small on …
Durable Goods and Poverty Measurement
What is a durable good and why durable goods require a special treatment? These are two focal questions that need to be addressed before outlining the theoretical approaches available to deal …
Durable Goods | Definition & Examples - InvestingAnswers
Aug 8, 2020 · Durable Goods Definition. Durable goods are a category of tangible (physical) products that last three years or longer. Typically, these goods are a bit more expensive …
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Personal Consumption Expenditures (PCE) Definition
Sep 29, 2020 · The category of 'goods' is further broken down into 'durable' goods, which are big-ticket items (refrigerators, television sets, cars, mobile phones, etc.) that will last more than …
GDP | Gross Domestic Product - InvestingAnswers
Jan 11, 2021 · Whether the distribution of products and services (ie. wealth) is fair. For example, a high GDP can be good for the economy, but may only benefit one portion of the population …
Economic Indicator Definition & Example - InvestingAnswers
Oct 1, 2019 · Factory order data is often not very surprising, if only because the report of durable goods orders comes out one or two weeks earlier. When factory orders increase, the economy …
Barter Definition & Example - InvestingAnswers
Sep 29, 2020 · Barter Example. The barter system enables two parties to exchange goods or services based on mutually perceived value.
Cyclical Industry Definition & Example - InvestingAnswers
Oct 1, 2019 · Since stocks in cyclical industries often rise in good economic times and fall during bad times, investors attracted to stocks in cyclical industries are faced with the arduous task of …
Leading Economic Indicators Cheat Sheet | InvestingAnswers
Apr 27, 2021 · Yet economists are quick to strip out the impact of spending on airplanes, which is a big factor in durable goods production -- notably volatile. The monthly durable goods report, …
Disposable Income | Definition & Examples - InvestingAnswers
Aug 21, 2020 · Why Is Disposable Income Important? Understanding and calculating disposable income is a key step in preparing a personal budget since it is the amount you actually have to …
National Income Accounting Definition & Example
Oct 1, 2019 · National income accounting is a mathematical system. It does not interpret, analyze or judge, and thus it is only one step in the analytical process of measuring a country's …
