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Intermediate microeconomics : A modern approach

01 Jan 2006-
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
Abstract: This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation.
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Book ChapterDOI
01 Jan 1994
TL;DR: In this article, the authors provide an introduction to the economic analysis of the relationships between the environment, development and the economy, and show how selected environmental indicators vary with economic development, as measured by per capita income.
Abstract: The environment is vital to supporting life and providing inputs for production. Over the last three decades, there has been increasing concern about the effects of economic activity on the environment. In particular, it has been argued that economic growth has caused serious environmental damage and that the current state of the environment will constrain future economic development. The poor of developing countries are often dependent on the natural environment for their livelihood and even their continued existence. Thus, damage to the environment and the relationships between the environment and the economy are often thought to be of more importance to developing than to developed countries. Figure 9.1, taken from the World Development Report 1992 (World Bank (1992)), shows how selected environmental indicators vary with economic development, as measured by per capita income. This chapter provides an introduction to the economic analysis of the relationships between the environment, development and the economy.

1 citations

Book ChapterDOI
01 Jan 2020
TL;DR: In this article, the authors analyse the sprachlichen Selbstbeschreibungen okonomischer Ansatze: welche Ziele setzen sie sich, fur welche Personen wird die Theorie formuliert and nach welchen Kriterien wird dabei vorgegangen?
Abstract: Der Beitrag rekonstruiert die verborgenen Selbstbilder, die in Hauptwerken und Lehrbuchern der Okonomik seit den 1870er-Jahren enthalten sind. Die Autorin analysiert die sprachlichen Selbstbeschreibungen okonomischer Ansatze: welche Ziele setzen sie sich, fur welche Personen wird die Theorie formuliert und nach welchen Kriterien wird dabei vorgegangen? Die Analyse verdeutlicht, wie weit sie sich die Lehrbuchokonomie heute von dem ursprunglichen Anspruch der Politischen Okonomie als einer praktischen und moralischen Wissenschaft entfernt hat.

1 citations

Journal ArticleDOI
TL;DR: This paper showed that Salerno's argument does not involve a claim of a greater realism of assumptions and it by no means contradicts the law of demand and pointed out the similarities and differences of my approach to the standard neoclassical decomposition of income and substitution effects.
Abstract: Professor Joseph Salerno (2019) has commented on my recent reconstruction of the income effect from a causal-realist perspective (Israel, 2018b). In this rejoinder, I clarify my position and show that the main points of criticism in Salerno’s response are unfounded. In particular, I show that my argument does not involve a claim of greater “realism of assumptions” and it by no means contradicts the law of demand. Moreover, I work out in more detail the similarities and differences of my approach to the standard neoclassical decomposition of income and substitution effects. I show that my approach is closer to the Slutsky decomposition as opposed to the Hicks decomposition.

1 citations

Book ChapterDOI
01 Jan 2012
TL;DR: For example, this paper showed that a small increase in the growth rate can have a sizable cumulative effect on the standard of living of the United Kingdom and other major European countries (Germany, France, Italy, and the Netherlands).
Abstract: To this point, most of our discussion about economic performance has focused on static efficiency and assumed that technology is fixed. Yet economic growth requires that we make investments today to develop better products or new processes that lower the cost of production. Persistent long-run economic growth has led to a continued rise in our standard of living. For example, Elwell (2006) documents that from 1980 to 2004 that output per capita grew by about 2.3% per year in Great Britain and by about 2.0% in the USA, Japan, and other major European countries (Germany, France, Italy, and the Netherlands). Although these growth rates may seem inconsequential, a small increase in the growth rate can have a sizable cumulative effect. To illustrate, a 2% growth rate will double the standard of living in approximately 35 years, while a 3% growth rate doubles it in only about 23.5 years.

1 citations