Tag: Economy

Asian economy

Asian economy

| 22/11/2013 | 0 Comments

Between 1960 and 1990 the South-East Asian countries grew faster than any other region of the world. The economies of Hong Kong, Indonesia, the Republic of Korea, Malaysia, Singapore, Thailand and Taiwan showed miraculous growth in income and came to be called Tiger economies. Most of this growth has been due to superior accumulation of […]

Continue Reading

Choice of technique-III

Choice of technique-III

| 19/11/2013 | 0 Comments

However, the matter may be put somewhat differently so as to conform to our accepted economic criterion. The economist cannot obviously decide on any issue between objectives. But cost-price considerations are surely within his domain. And in this particular context of choosing the technique, we do not need to go beyond these considerations; the enunciation […]

Continue Reading

Choice of technique-II

Choice of technique-II

| 19/11/2013 | 0 Comments

The answer given to the question by the post-war economic theorists who have worked in this field has been based on alternative criteria of policy. I shall take two of these criteria which have figured rather more conspicuously the criteria of maximum surplus and maximum output, and see what they precisely mean. For my purpose, […]

Continue Reading

Choice of technique

Choice of technique

| 19/11/2013 | 0 Comments

When factor prices are given and constant as they are supposed to be to a firm under theoretically perfect competition and factor proportions are variable, you choose that combination of factors in production which equates the relative prices of factors to their relative marginal productivity. The object is to minimize cost of a given output. […]

Continue Reading

Economy of-iv

Economy of-iv

| 16/11/2013 | 0 Comments

What happens in this background about the much talked-of stagna­tion theory? Will each expansion in the stock of capital lower the marginal efficiency of capital while it raises the marginal productivity of labour? Does expansion itself contain seeds of stagnation? The answer is again to be sought in Rodan’s hypothesis. Capital satura­tion is a long […]

Continue Reading

Economy of

Economy of

| 16/11/2013 | 0 Comments

The fact is that a large part of the economy of the under-developed countries does not come under money ffansactionsat all, and even where it does, in so far as the organization of the industry is such that the worker works with his own tools (e.g. cottage industries), the level of activity is determined by […]

Continue Reading

Economy and

Economy and

| 16/11/2013 | 0 Comments

While our economists were developing a ‘method of analysis’ by reference back to the choice of individuals to exhibit the properties Tendencies in Economic Theory of Economy and Waste, the ‘subject matter’ of Economics—Wealth and Poverty—slipped into the background.1 Now it is this latter— the production and distribution of wealth and the social relations that […]

Continue Reading

What Employers Want

What Employers Want

| 19/05/2011 | 0 Comments

  There has been an era at the beginning of Bangladesh’s existence when the job mar­ket for fresh graduates was extremely lim­ited. The defence senior was a call of rescue, pro­viding stability and  guaranteed  escalation  in career opportunities in that period. Fortunately, times have changed. Bangladesh has risen as a nation, has seen tremendous growth […]

Continue Reading