Search results for keyword: paul
Lindahl Equilibrium Model
Hermann von Helmholtz (1895) and Vilfredo Pareto (1896) developed their respective equilibrium models, which laid the foundation for the work of Vilfredo Pareto (1896) and his watershed Pareto Optimal model. Paretos model is based on the concept of equilibrium in economic systems, and has been use......
07/07/2023 
1042 
Sophie
Nobel Prize in Economics
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The Nobel Prize in Economics, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is an annual prize awarded since 1969 to assess the world’s most significant contributors in the field of economics.
It is one of the five Nobel Prizes, established in 1......
neoclassical synthesis
Neo-Classical Synthesis School
Neoclassical synthesis school refers to a new neoclassical synthesis based on the synthesis of classical economics and Keynesian theory after World War II. After World War II, the combination of Keynesian imperfect competition theory and neoclassical perfect competi......
Russell 2000 Index
The Russell 2000 Index is an important economic indicator of the United States. It is a measure of the performance of 2,000 small-cap companies traded on the American stock market, reflecting the overall health of the economy. It is composed of the bottom 2,000 stocks, based on market capitalizati......
random walk theory
Random Walk Theory
Random Walk Theory is an economic theory that states that stock market prices cannot be predicted and that they move randomly over time. The theory is based on the assumption that stock prices display random behavior and that they follow a distribution known as a ‘random walk......
Stopper-Samuelson theorem
Introduction
The Stigler-Samuelson Theorem is a key result in neoclassical economics that establishes equilibrium in the market. It states that under certain competitive conditions, the long-run prices in a competitive market will equal the marginal cost of production for each good. The theorem i......
Krugman Spatial Economic Model
Introduction
Krugman spatial economics model, proposed by paul Krugman, is an economic model that focuses on inter-regional differences in production costs, transportation costs and the resulting spatial interactions of firms and households with respect to markets and resources. Krugmans spatial ......
Endogenous Economic Growth Model
Introduction
Economic growth is a complex phenomenon that affects all aspects of a nation’s economy. It is usually studied using different models, such as the endogenous growth model, in order to better understand its underlying causes and effects. This essay aims to be an introductory overview ......
Balassa-Samuelson effect
The Samuelson Effect: An Exploration
The Samuelson Effect, named after economist paul Samuelson, is a phenomenon that has intrigued researchers for decades. In short, the Samuelson Effect suggests that, despite expected costs, people may still opt into a given activity. This behavior is often rat......
Posner's theorem
The Boson Netsu Theorem
The Boson Netsu Theorem is an important theorem in quantum mechanics, developed by physicist paul A.M. Dirac in 1928 in an attempt to unify the two fundamental forces of nature: electromagnetism and gravity. The theorem states that a boson field – a field that acts as a p......
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