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An Apostate: Nawin of Thais

By: Steven David Justin Sills

...d himself that his dizziness was from being drunk on the self, a plausible theory, and yet he continued to quaff his sumptuous reflection in spite of ... ...their stomachs, and it disposed of beings and generations of beings like a consumer throwing out beer bottles. He knew, as much as one could know from... ...Also a good airing out is as good as soap and water. That's always been my theory." The Laotian grinned mischievously, and then looked out of the wind... ...ities mirrored in the partner which makes them feel less alone. That is my theory, for what it is worth." "You are a deep one, aren't you?" asked the ... ...laying his meager role in the production of goods to be sold to insatiable consumers he found himself unemployed and eventually reduced to a beggar wh... ...meted. And for those who never had anyone there, for them, he, at least in theory, wanted to be there the way Noppawan had been there for him in his y... ...pe your pathetic middle aged life for a while. Now you can help me." "Well consumer beware, but it's certainly cheaper than being a benefactor providi... ...hel studies as though he were an astrophysicist on the verge of a singular theory. He had gazed at the varmints and their apotheosized obscenity, vile...

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Surviving the Economic Crisis : Current and Future Trends

By: Mark W. Medley

... a low income job. In 1929, this would not be considered poverty, but wealth. Consumer goods are far cheaper compared to incomes, then anytime in hu... ...nfusion through these almost broke banks, that is going to be passed onto the consumer. Bear in mind, we are not talking about Zimbabwe here, but th... ...elease any spare cash in our pockets to enable us to spend. 3. Lower priced Consumer Goods Exporters will lower prices for their products, and d... ... of these industries, governments will have to give some kind of incentive to consumers to buy from these industries. If it's a price incentive, the... ... Buying National products could be perceived as Nationalistic, although consumers have usually bought on price. In the USA, the engine of the g... ...d, needs. And chances are, they themselves may have something you need. So in theory, exchanging goods for the equivalent value of another, does not...

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The Future of the Internet : And How to Stop It

By: Jonathan Zittrain

...omputers did not have to be built that way: there could simply be a world of consumer information technology that comprised appliances. As with a Flex... ...s, and car- tridges became a more cost-effective way to install software. The consumer merely needed to know how to load in the cassette, diskette, or ... ...m in the late 1980s, 1 what cheap processors would small firms and mainstream consumers be using today? One possibility is a set of information applia... ...ost of deploying specialized hardware for that purpose might have ex- ceeded consumer demand. There is still the question of networking. People would ... ...dvance, however, was the dial-up modem, a crucial piece of hardware bridging consumer information processors and the world of computer networks, wheth... ...ativity, but it lacks accessibility. 11 The Generative Pattern 77 Affordance Theory Fields such as psychology, industrial design, and human-computer i... ...ble options are as obvious and inviting as possible to the intended users. A theory of affordances can also be used to predict what various people migh... ...he damage that they can inadvertently do. Yet unlike generativity, affordance theory does not focus much on systemic output. Instead, it takes one obje... ... and delineates its possible or likely uses. More recent incarnations of the theory suggest that the object’s designer ought to anticipate its uses an...

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Utility, Rationality and Beyond – from Behavioral Finance to Informational Finance

By: Sukanto Bhattacharya

...iness, Bond University for his thoughtful insights on some of the utility theory constructs. The author also feels indebted to a large extent to his ... ... This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the cla... ... utility paradigm offered by the von Neumann-Morgenstern expected utility theory; exploring its major pitfalls before moving into what is postulated ... ...nd not always explicable using the known rules of statistical probability theory. 10 Individuals often have very distorted perceptions of ... ...nations of the two commodities give the same level of satisfaction to the consumer so as the consumer is indifferent to any particular combination. ... ...ce curves approach, the problem of utility maximization for an individual consumer may be expressed as a constrained non-linear programming problem ... ... above problem is formulated with a strict equality constraint i.e. if the consumer is allowed to use up the entire budget on the n commodities, then... ...ire budget on the n commodities, then the utility maximizing condition of consumer’s equilibrium is derived as the following first-order condition: ... ...e classical economic theory that in order to maximize utility, individual consumers necessarily must allocate their budget so as to equalize the rati...

...This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the classical notions of Benthamite utility and the normative utility paradigm offered by the von Neumann-Morgenstern expected utility theory; exploring its m...

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Capitalistic Musings

By: Sam Vaknin

...t XIX. Scavenger Economies, Predator Economies XX. Notes on the Economics of Game Theory XXI. Knowledge and Power XXII. Market Impeders and Mark... ... far better results. The outcome has been an embarrassing divorce between economic theory and its subjects. The economic actor is assumed to be con... ...f-interest" as the pursuit of the fulfillment of preferences is a tautology. The theory fails to predict important phenomena such as "strong reci... ...n accordance with the predictions of basic economic theories, such as the standard theory of utility and the theory of general equilibrium. Irritat... ...fective method of cost/benefit analysis applicable to such time horizons. How are consumer choices influenced by advertising and by pricing? No on... ...is concerned with the dissemination of information. Yet it is also a signal sent to consumers that a certain product is useful and qualitative and t... ...ing on one's point of view, this is a self- reinforcing virtuous - or vicious cycle. Consumers learn to expect lower prices - i.e., inflationary expe... ... part of the consumption basket underlying the CPI in America as late as 1998. The consumer price index in the USA may be overstated by one percent... ...st thinkers, such as Robert Bork, recommended to revise the law to focus solely on consumer welfare. These - and other insights - were incorporate...

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The Labor Divide

By: Sam Vaknin

...ography IV. Appendix – The Keynesian view of Unemployment, Stabilization Theory and Full Employment Budgeting V. Appendix – Unemployment throughout... ...uctivity, Comparative advantage and Economic Growth”, Journal of Economic Theory 58, 1992 17. “Deindustrialization”, World Economic Outlook, April 1... ... Appendix – The Keynesian view of Unemployment, Stabilization Theory and Full Employment Budgeting (From The Encyclopedia Britannica 1... ...ake the excess demand for commodities effective. The traditional economic theory would postulate that, when actual output is kept at a level below t... ...to make their consumption demands effective. Unemployment then spreads to consumer goods industries. In expansion, the opposite occurs: an increase ... ... which to exert effective demand. Hence business will pick up also in the consumer goods industries. Thus the theory suggests the use of fiscal poli... ...t conducive to sustaining good relations between producer or provider and consumer. 10. Moral relativism is the mirror image of rampant individualis... ... COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (the most efficient price) coupled... ...o have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (in the bat...

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Trendsiters Digital Content and Web Technologies

By: Sam Vaknin

...signs, experience, physique, or biography, etc. directly to end-users and consumers. This is a return to pre-industrial times when artisans ruled the... ...to whole segments of the industry (e.g., small, or web-based publishers). Consumers - inundated, disappointed and exhausted - will pay a premium for ... ... to centralized, continuously updated, "addressbooks" of clients (stores, consumers, media, etc.). This reduces the time to market and increases eff... ...tion and process where interested people can market to each other. Ignite consumer networks and then get out of the way and let them talk." T... ...conversion from exposure to a marketing message (even from peers within a consumer network) - to an actual sale is a convoluted, multi-layered, high... ...is case be more readily tolerated as a marginal phenomenon. This is the theory. But the facts are tellingly different. The less the cost of product... ...is not the main function of the advertising dollar. Modern economic signal theory has cast advertising in a new and surprising - though by no means c... ...prising - though by no means counterintuitive - light. According to this theory, the role of advertising is to signal to the marketplace the adverti... ... (CEE). Broadband and e-commerce are distant rumors (ISDN is available in theory but not so in practice - DSL and ADSL are not available at all). Ra...

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Facts and Fictions in the Securities Industry

By: Sam Vaknin

...t XVI. The Distributive Justice of the Market XVII. Notes on the Economics of Game Theory XVIII. The Spectrum of Auctions XIX. Distributions to Pa... ...rincipal Conundrum XXII. Trading in Sovereign Promises XXIII. Portfolio Management Theory XXIV. Going Bankrupt in the World XXV. The Author Intr... ...often bewildering marketplace. As opposed to the assumptions underlying the classic theory of portfolio analysis - investors do remember past prices... ...are not swayed. Studies cited in Edwin Elton and Martin Gruber's "Modern Portfolio Theory and Investment Analysis" and elsewhere show that a filter... ...n the prices of assets - such as stocks or real estate - as they do changes in the consumer price indices? Are asset bubbles indeed inflationary an... ...ed hitherto. But it still allowed them only very limited entry into commercial and consumer lending and trust services. Thus, these institutions we... ...ditor. Charles Kettering, head of the research division of General Motors described consumeritis thus, just days before the crash: "The key to econo... ...ntuitive finding. Asset inflation - no matter how vertiginous - rarely spills into consumer prices. The recent bubbles in Japan and the USA, for in... ...ks, well into the 1920, was to allocate capital to businesses (directly and through consumer credits and mortgages). Deposit-taking was a core func...

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Cyclopedia of Economics

By: Sam Vaknin

...anctity of Human Life" by Baruch A. Brody). One form of calculus is the utilitarian theory. It calls for the maximization of utility (life, happines... ...es. Despite strong philosophical objections to some of the premises of utilitarian theory - I agree with its practical prescriptions. In this cont... ...or falsified. Attaining an achievement involves the construction of an ad-hoc mini theory. Reality has to be thoroughly surveyed, models constructe... ...at the incentives are. That economists pretend otherwise - in "optimal contracting theory" - just serves to demonstrate how divorced economics is f... ...usterity measures is universally unpopular. Employers and employees, producers and consumers - these are all instances of the Principal-Agent Probl... ...OSOPHY OF COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient pri... ...so tends to have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (... ...st producers, producers against other producers (in the battle to win the heart of consumers) and even consumers against consumers (for example in ... ...t the national economy. More simply: producers do not waste resources (capital), consumers and businesses pay less for the same goods and service...

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Cyclopedia of Philosophy

By: Sam Vaknin

...anctity of Human Life" by Baruch A. Brody). One form of calculus is the utilitarian theory. It calls for the maximization of utility (life, happines... ...es. Despite strong philosophical objections to some of the premises of utilitarian theory - I agree with its practical prescriptions. In this cont... ...or falsified. Attaining an achievement involves the construction of an ad-hoc mini theory. Reality has to be thoroughly surveyed, models constructe... ...at the incentives are. That economists pretend otherwise - in "optimal contracting theory" - just serves to demonstrate how divorced economics is f... ...usterity measures is universally unpopular. Employers and employees, producers and consumers - these are all instances of the Principal-Agent Probl... ...OSOPHY OF COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient pri... ...so tends to have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (... ...st producers, producers against other producers (in the battle to win the heart of consumers) and even consumers against consumers (for example in ... ...t the national economy. More simply: producers do not waste resources (capital), consumers and businesses pay less for the same goods and service...

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Aggregate Measurement of Trade Transaction Costs Reduction in Apec 2007-2010

By: Its Global

...t to be made in exchange for it, from the perspective of the affected business or the consumers of its product.) For this assessment, the pref... ...international leg. The benefit from such a modal switch is the value the firm or its consumer attaches to saving a day in transit, while the costs ... ...t, while the costs are the higher freight charge that is involved in the use of air. Consumers, however, demand less of a good when its price is hig... ...panies are the best source, the data have to be collected on an ad hoc basis. In theory, international freight costs can be estimated indirectly...

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Fixing Global Finance

By: Kavaljit Singh

...nks for their exposures to real estate, housing loans, capital markets and consumer credit. In particular, risk weights and provisioning requirements ... ... There is a paradox between the gains of capital account liberalization in theory and in practice. The arguments supportive of capital account liberal... ...much fewer in comparison with huge economic and social costs. Conventional theory suggests that if there are no restrictions on capital mobility, capi... ... the late 1970s. There is a paradox between the use of capital controls in theory and in practice. Although mainstream theory suggests that controls a... ...nt implications for governments and domestic firms as well as for workers, consumers, and communities in the host countries. Unfortunately, neoliberal... ...Great Crash 1929, Houghton-Mifflin, 1997. John Maynard Keynes, The General Theory of Employment, Interest and Money, Harcourt Brace Jovanovich, 1936/1...

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The Public Domain : Enclosing the Commons of the Mind

By: James Boyle

...unias at very close to the cost of growing them and bringing them to market. Consumer desires are satisfied and productive resources are allocated effic... ... sound so good. Patents, by contrast, keep the knowledge public, at least in theory; 3 you must describe it to own it.) And again, decisions about the... ...o the economists, the answer is that trademark law does two things. It saves consumers time. We have good reason to believe that a soap that says “Ivo... ...at quality and commercial information flow regulate themselves, with rational consumers judging among goods of consistent quality produced by manufac- ... ...xclude others from one’s trade name, symbol, or slogan produces a market for consumer information in which firms have incentives to establish quality b... ...formation in which firms have incentives to establish quality brand names and consumers can rely on the meaning and the stability of the logos that sur... ... could turn to the cutting edge of technology or to economics or information theory. But none of those would be as useful a starting place as a letter... ... one of the supporters of copyright extension declared that it was merely “a theory” that monopoly makes things expensive. Macaulay agrees, tongue in ... ... monopoly makes things expensive. Macaulay agrees, tongue in cheek. “It is a theory in Chapter 2 22 -1 ___ 0 ___ 1 ___ 37278_u01.qxd 8/28/08 11:04 A...

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The Vatican Conspiracy

By: Jonathan Cross

...a student who should have known the answer. "The United States is primarily a consumer. Let me put in your business terms. The Mafia is not a produc... ... Radcliff's part in all this?" "That is what you must find out." "I have a theory, if in fact, the General is involved." "I'm listening," Cardon... ...derstand what cannot be explained. Our esteemed Minister of Agriculture has a theory as to why the Mafia has decided to stop our shipments. They hav... ... from going into the U.S. but also, the rest of Europe. Cardona, explain your theory to these fine gentlemen." Gonzales said and ripped a turkey leg... ... said and ripped a turkey leg from a platter in front of him. "It is Brand's theory, not mine. I offer it only as a possibility. There is no proof ... ... other way on some of their enterprises." "Do you give any credence to this theory?" Gonzales asked through a mouthful of turkey. "Frankly, it h... ...orks would be back in place, and the drugs would flow like a river. You are a consumer nation. Your country’s addiction to drugs is too strong. You c...

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