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  1. Vor 2 Tagen · A memorable, attention-gaining graphical representation of the basic economic processes and essential economic actors was introduced by Paul A. Samuelson (Samuelson, 1948, pp. 226 and 264). His circular flow model, which has been slightly modified over several decades, now includes the major participants “businesses”, “households” and “governments” (Samuelson & Nordhaus, 2010 , p ...

  2. 29. Mai 2024 · Important NCS works were published by John Hicks in 1937, Franco Modigliani in 1944 and Paul Samuelson in 1948. NCS dominated the field of economics during the post-war period, and it hugely impacted mainstream macroeconomic debate until the late 1970s. In the 1970s, NCS theory was shaken by the advent of stagflation.

  3. 14. Mai 2024 · After the analyst community failed to foresee the market swoon off the 2000 market top, on October 6, 2002, Paul Samuelson, a co-founder of modern economics, admitted “[w]e are at a loss for...

  4. 12. Mai 2024 · A rare reproduction of Nobel Prize Winner Paul Samuelson's original 1948 Classic economics textbook. For 50 years, Samuelson's Economics has been the standard-bearer for the field.

  5. 15. Mai 2024 · Neoclassical economics gives precedence to mathematics over real-world issues of inequality and power. It emphasizes markets over democracy. Culture has elements both conducive and detrimental to development. Policy directs economic development, which then shapes culture.

  6. 12. Mai 2024 · The literature on decentralization, fiscal federalism and local government finance has its foundations in works by political scientists and economists including Paul Samuelson (1954); Charles Tiebout (1956); Ursula Hicks (1961); James Buchanan (1965), Mancur Olson (1965), Wallace Oates (1972), and Dennis Rondinelli (1981).