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Vor 22 Stunden · Behavioral economics is the study of the psychological, cognitive, emotional, cultural and social factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by classical economic theory.
Vor 3 Tagen · John Stuart Mill (20 May 1806 – 7 May 1873) [1] was an English philosopher, political economist, politician and civil servant. One of the most influential thinkers in the history of liberalism, he contributed widely to social theory, political theory, and political economy.
Vor 2 Tagen · Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those ...
Vor 4 Tagen · Most of the economic analysis of the time was what would later be called classical economics. Subjects were discussed and dispensed with through algebraic means, but calculus was not used. More importantly, until Johann Heinrich von Thünen 's The Isolated State in 1826, economists did not develop explicit and abstract models for ...
Vor 3 Tagen · Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. [1] [2] [3] [4] [5] Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, economic freedom, profit motive ...
Vor einem Tag · Overview This section relies excessively on references to primary sources. Please improve this section by adding secondary or tertiary sources. (September 2023) (Learn how and when to remove this message) Karl Marx in 1875 Friedrich Engels in 1877 Marxism seeks to explain social phenomena within any given society by analysing the material conditions and economic activities required to fulfill ...
Vor 3 Tagen · Furthermore, Knutsson notes that one could argue that other forms of consequentialism, such as classical utilitarianism, in some cases have less plausible implications than negative utilitarianism, such as in scenarios where classical utilitarianism implies it would be right to kill everyone and replace them in a manner that creates more suffering, but also more well-being such that the sum ...
