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Question: Discuss issues of Methodology with regards to interdisciplinary, points of view and the forces at work in the economy.
Consider the definition of Institutional Economics given (what economics is about)?
Consider what forces are considered to be at work in the economy pre-Darwin versus post-Darwin.
Consider how the point of view of what is important in understanding an economy might have changed from Smith, Ricardo, and Marx, who were pre-Darwin, to Veblen, and Keynes who were post-Darwin.
Consider your own point of view on the forces you think are at work in today's economy and how this might be different from the forces considered in say, the economy of the 19th century.
Consider how an understanding of different disciplines is important in understanding a complex problematic situation.
you have been hired in the finance department at a large metropolitan for-profit hospital. your duties are very
Regarding hospital regulation, the models of hospital behavior developed. predict that the effects of DRG payments on hospital behavior will differ across hospitals because that system offers the same price to all hospitals.
what is the federal reserve system and how is it structured identify the key elements. explain in detail. who are the
A young engineer wishes to become a millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return.
Suppose you operate a small manufacturing firm in Long Island City and you recently developed a unique, new production process that will allow your shop
Scientists have developed a bacterium that they believe will lower the freezing point of agricultural products. This innovation could save farmers $1 billion a year in crops now lost to frost damage. If this technology becomes widely used, what will ..
Consider a father who is trying to discipline his child. The father insists that the child must go with the rest of the family to visit their grandmother. The child prefers to go to the movies with a friend. The father threatens to punish the child i..
Explain why in some markets a single firm without competitors will produce at a lower cost than if the firm faced competition.
Artica is a nation with a simple economy that produces only six goods: oranges, bicycles, magazines, paper, orange juice, and hats. Assume that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce..
How many cigars and brandy does he consume per night? (Money is no object!) What if J.P.'s doctor tells him that he should limit his consumption of (the sum of) cigars and brandy to 5 per night. If he follows this advice, how many glasses of brandy a..
How do you think markets for organ donation and child adoption would be affected if they were made fully legal with a well-functioning price mechanism?
Which of the following explains why big business typically spends more on rent-seeking activities than customers?
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