Showing papers on "Managerial economics published in 1982"
373 citations
37 citations
Posted Content•
TL;DR: This article grouped the relevance of economics, the "Keynesian revolution", economics and the university, economics and contemporary problems, world inflation, money, trade, growth, and investment, and the environment.
Abstract: These essays, which make the science of economics intelligible to a general audience, are grouped into six areas: the relevance of economics; the "Keynesian revolution"; economics and the university; economics and contemporary problems; world inflation, money, trade, growth, and investment; and economics and the environment.
12 citations
Book•
01 Jan 1982
TL;DR: Essentials of Economics, Second Edition as discussed by the authors is a text intended for a one-term course in economics for college students, which provides the basics of the concept of political economy and uses this knowledge to explain the choice process in the public sector.
Abstract: Essentials of Economics, Second Edition is a text intended for a one-term course in economics for college students. It attempts to teach students of the analytic way of studying economics and provides the basics of the concept of political economy and uses this knowledge to explain the choice process in the public sector. The book presents a comprehensive survey of economics. It contains chapters that highlight the importance of the microincentive structure of macroeconomic markets; identifies the determinants of supply, as well as the impact of public policy on those determinants; and presents both adaptive and rational expectations theory. The linkage between production theory and the cost curves faced by the firm; examination of the market structure; and the role of regulation and deregulation are covered as well. Economics students will find the book very useful.
8 citations
TL;DR: In a time of general disenchantment with government and selective retrenchment of public sector activity, resource economists (and many other social and economic scientists) are receiving mixed signals as discussed by the authors.
Abstract: Natural resource economics has long been identified as a policy science. Its chief concerns—problems attributable to “market failures” of various kinds (e.g., Castle 1965) and the special difficulties that arise in intertemporal and intergenerational resource allocation (e.g., Solow)—inherently require some kind of public solution, whether it be by reaffirmation or redefinition of property rights, regulation, taxation policy, or public enterprise. In a time of some general disenchantment with government and selective retrenchment of public sector activity, resource economists (and many other social and economic scientists) are receiving mixed signals. Mostly we tend to work in or for the public sector, the political stock of which is not exactly booming.
6 citations
TL;DR: In this paper, the authors argue that economics should be included in hotel and catering education and discuss the possibility of alternative or complementary approaches, arguing that certain problems with present economics teaching are examined and more attention should be given to the recent developments in economics especially the analysis of business behaviour and the overlap between economics, decision sciences and management in the areas of control, planning and decision making.
4 citations
Posted Content•
3 citations
TL;DR: In this article, the authors present the argument that the conclusions of the articles mentioned above may be too sweeping, particularly with respect to the quantity of economics coursework required, more specifically, the amount of courses required.
Abstract: mended four courses in economics for undergraduate business students. These four courses were to include the two traditional principles of economics courses and two advanced economics courses. One of the advanced courses was to be in aggregative economics (macroeconomic theory, business cycles, and forecasting), the other in managerial economics. Pierson recommended five courses in economics. In addition to the two principles courses, he recommended two courses in macroeconomics (money and banking and the theory of income and employment) and one course in intermediate microeconomics (preferably managerial economics). The purpose of this note is to present the argument that the conclusions of the articles mentioned above may be too sweeping, particularly with respect to the quantity of economics coursework required. More specifically, the amount
2 citations
TL;DR: This paper argued that people act from the force of habit and that habits save time for repeated choices and minimize the search costs of information, and are particularly instrumental in cases where there is some uncertainty between an action and its possible long-term results.
Abstract: Like the natural environment, habits are gener ally taken by economists as data exogenous to the economic complex. That people act from the force of habit contradicts the model of a continuously optimizing economic man. But habits save time for repeated choices and minimize the search costs of information. Habits are particularly instrumental in cases where there is some uncertainty between an action and its possible long-term results. Very often, the immediate costs of these actions exceed the
01 Jan 1982
TL;DR: In this article, the authors discuss the specific peculiarities of the first years of the Soviet economy and present methods and results for solving these problems, which are distinctive for the former USSR economy and many of them appeared early in its first years.
Abstract: Before discussing methods and results I think it will be useful to talk about the specific peculiarities of our problems. These are distinctive for the Soviet economy and many of them appeared early in the first years of our state. Then, for the first time in history, all main means of production passed into the possession of the people and there arose the need for a centralized and unified control of the economy of a vast country.