Background
HICKS, John R. was born in 1904 in Warwick, Warwickshire, England.
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(John Hicks is acclaimed as one of the most important and ...)
John Hicks is acclaimed as one of the most important and influential economists of the twentieth century. This new edition provides an insight into the evolutionary journey of Hicks' ideas and work, and demonstrates how his analysis has helped to extend and transform economic theory. Since the first edition of his book, originally published in 1932, Hicks' ideas on the theory of wages had changed drastically. In 1963, to meet continuing demand, Hicks reissued a new edition that included original articles and a commentary reviewing the chapters from a new standpoint. This comprehensive volume marks Hicks' revolutionary thinking about wages, providing some important developments in economic theory. It includes discussions on the reformulation of marginal productivity theory, the introduction of the elasticity of substitution as an analytical tool, and an examination of wage regulation and unemployment, and the growth of trade union power. This book is indispensable reading for all interested in history in economic thought and labour economics.
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(This is a reproduction of a book published before 1923. T...)
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
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(The bargain theory of wages a critical development from t...)
The bargain theory of wages a critical development from the historic theories, together with an examination of certain wages factors. The mobility of labor, trade unionism, and the methods of industrial remuneration. This book, "The bargain theory of wages a critical development", by John Davidson, is a replication of a book originally published before 1898. It has been restored by human beings, page by page, so that you may enjoy it in a form as close to the original as possible.
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(This book is a replica, produced from digital images of t...)
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(This historic book may have numerous typos and missing te...)
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...is a process that yields subjective returns, which are measured in the sensibilities of men and are the ultimate objects of the production itself. The immediate objects of production, on the other hand, are the material things that affect the consumer's sensibilities. These things are objective, but they are valued only for what they do for man. Man acting on man through matter--such is the whole economic process. How much can be gained by the whole of it? is the practical question to be answered. The gain depends on the benefit that a product will afford to a man when he gets it, and also on the number of products which he can get. This, however, is merely saying that it depends on the utility of the goods, and on the productivity of the agents that create them. It depends, then, on the two variations that are governed by this law. Final utility itself has been studied in a way too narrowly limited. In the case that is usually cited, T Recent application of the principle to series of similar commodities. Abruptly descending utility curves thus gained. Increasing wealth in varied forms shows gradually diminishing utility. one commodity is taken and, in imagination, is given in increasing quantity to one consumer. The successive units_pf it then do less and less for him. Bread given to a man in a succession of slices nourishes, and pleases, but uWmejyluts_ him. The nth slice, if he must eat it, is worth nothing to him, and the following slices less than nothing. Coats of one kind bestowed on a man, one after another, soon lose their power to benefit him. The fourth may be of so little use that a tramp can have it for the asking. Duplicate copies of the same book or of the same picture encumber the shelves and walls, and their room is better than their presen...
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(This is a reproduction of a book published before 1923. T...)
This is a reproduction of a book published before 1923. This book may have occasional imperfections
such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact,
or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections,
have elected to bring it back into print as part of our continuing commitment to the preservation of printed works
worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
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The Distribution Of Wealth: A Theory Of Wages, Interest And Profit
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(This is a reproduction of a book published before 1923. T...)
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
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(This is a reproduction of a book published before 1923. T...)
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
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(This historic book may have numerous typos and missing te...)
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ... CHAPTER VII WAGES IN A STATIC 80CIAL STATE THE SPECIFIC PRODUCT OP LABOR The value of a commodity might be called "natural," if it resulted from the action of the native impulses of men. There are impulses that cause men to do other things than to compete with each other in business; but competition is the activity that Competition causes prices to be, in the customary sense of the "natural" term, natural. This process is, in reality, a rivalry Pnces. in serving the public. The merchant who undersells his competitor is actually offering to the public a larger benefit than his rival offers for a given return. The motive is, of course, self-interest; and the action that results from it is a spontaneous and general effort to get wealth. One effect of it is, however, to insure to the public the utmost that the existing power of man can give in the way of efficient service; and another effect is to control the values of goods. A natural price is a competitive price. It can be realized only where competition goes on in ideal perfection-- and that is nowhere. It is approximated, however, wherever prices are neither adjusted by a government nor vitiated by a monopoly. If a com- Legal regumodity were produced in a public factory and sold at monopoly a rate arbitrarily fixed by the state, with a view to pr°Sefu1n"ke getting a revenue or to attaining some ulterior end, n"""1the mode of adjusting the price would be the antith A trace of monopoly due to imperfect mobility of labor and capital. Early studies of natural prices were preliminary studies of static prices. esis of natural. If a private monopoly were created or fostered by the state, the price that it would put on its products would also vary from the natural standard. There is, in...
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(Originally published in 1899. This volume from the Cornel...)
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(Hedonic Wage Equilibrium examines empirically and theoret...)
Hedonic Wage Equilibrium examines empirically and theoretically the properties of the equilibrium wage function. Section 1 presents the complete economic structure of the hedonic labor market equilibrium model and considers the possibility of multiple hedonic equilibrium loci for highly distinctive groups of workers such as smokers and nonsmokers and the hedonic locus for desirable workplace attributes. Section 2 describes the precision one can bring to policy evaluations with the hedonic equilibrium locus. The reader interested mainly in learning the fundamentals of hedonic equilibrium can focus on Sections 1 and 2 only. Complementing Section 2, Section 3 describes the special econometric issues involved with estimating the hedonic locus and the underlying structure resulting from worker and firm heterogeneity and the implicit prices of workplace characteristics that are the fundamental ingredients to an hedonic equilibrium econometric model. The reader who is knowledgeable in the theoretical dimension of hedonic equilibrium, but who wants to learn the econometric nuances of the model, can focus on Section 3. Section 4 presents recent empirical results for the hedonic wage equilibrium locus and their implications for policy that use the value of a statistical life (VSL), which is the implicit value workers as a group place on one life. Section 4 is a standalone presentation that may be the primary interest of readers knowledgeable in how to estimate hedonic equilibrium regression models but want to learn some useful recent econometric results. Econometric estimates are not the only way to give empirical content to the hedonic model. In Section 5 we present the empirical alternative of numerical simulation, which may be the focal section for readers well versed in the theory and econometrics but wish to expand their knowledge base to include the technique of computable hedonic equilibrium. Our results show the relative dominance of workers' compensation insurance over occupational safety and health regulations in improving workplace safety. Section 6 presents the conclusions.
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(A timely guide to the complex financial markets and banki...)
A timely guide to the complex financial markets and banking secrecy of Switzerland Since 1934, when Switzerland's federal bank secrecy law was passed, the line between myth and reality with regard to Swiss banking has been blurred. But over the past decade, there have been dramatic changes in the pressures brought to bear on all facets of the Swiss financial markets and banking sector. Recent developments and agreements have potentially weakened Swiss banking secrecy, and with that said, it is time for a book that lays out the history of Swiss bank secrecy and puts these twenty-first century changes in perspective. Swiss Finance is a thorough overview of the Swiss financial markets and the banking secrecy this country has become known for. It covers key topics to practitioners both abroad and in the United States involved in Swiss banking and the Swiss financial markets. • Discusses what the Euro-debt crisis may mean for the role of Switzerland as a financial powerhouse • Reveals how new secrecy agreements with the United States and Germany will impact private wealth management • Addresses Asian competition for wealth management and tax havens Switzerland is one of the largest financial markets in the world and a global power in private wealth administration. Whether you're a private wealth advisor, Swiss or U.S. banker, or other finance practitioner involved in the Swiss market, this guide is essential reading if you intend on achieving future success in this arena.
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(As a successful small business owner, the issues containe...)
As a successful small business owner, the issues contained within this handbook either haunt your daily life currently or soon will. Succession or Failure is designed to address mission-critical questions and provide workable solutions that you can begin to implement in your quest for your ultimate retirement. Managing your lifecycle in business is the same as flying an aircraft. You initially add some fuel before starting up, you fuel the business with revenue and capital induction as you ascend, you fly along your intended course, and ultimately you bring it in for a safe landing as you exit with a handful of cash. Sounds simple, though the vast majority of businesses fail somewhere along their flight path and face an emergency off-airport landing or worse. The question is, why does this happen to so many small to mid-sized business owners? The reason is simply pilot error, just like in flying. Through a series of distractions, adverse conditions, or fuel starvation, we find ourselves with red indicators. The real problem is a pure lack of experience and formal training. This handbook will assist you in navigating your small to mid-sized business through key employee identification, succession planning, and ultimately value extraction. By using this handbook as a guide to running your business, you will have an appreciation for the need to run your business with an exit strategy in mind. In the end, there are only two options: Succession or Failure.
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(Running a business is a risky proposition even in the bes...)
Running a business is a risky proposition even in the best of times. In this completely revised, updated, and expanded version of the popular 1991 title, 100 Ways to Prosper in Today's Economy, the Profit Advisors turn their attention to a myriad of quick, practical proven strategies for bringing in profits whenever a business needs them. Here are a juicy multitude of specific practical ideas for reducing overhead, attracting new customers, securing financing, improving cash flow, and improving the profitability of any company, large or small. At the end of each chapter is a mini-action plan with space for readers to jot down their own ideas while they're still fresh, prioritize them, designate an individual in the organization to implement the idea, set a date for action, and project a potential dollar amount that project will generate. At the end of the book is a place to put all these new ideas into the business's "master action plan."
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(Author presents an argument about the great question of w...)
Author presents an argument about the great question of why trade and industry fluctuations occur from the beginning of industrialism to present (1950). He has his own theory that he feels may possibly explain this phenomenon. His central idea is built around "Mr. Harrod's Dynamic Theory", (Economica, May 1949). He draws his attention to this and several other publications of the era such as "The American Economic Review" of 1949 and R. Goodwin, Harvard, 1949, Econometrica.
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(An in-depth look at the strategies, capital structure, an...)
An in-depth look at the strategies, capital structure, and fund raising techniques for emerging growth and middle-market companies. Here is a comprehensive and practical guide to understanding and applying the basics of corporate finance to emerging growth and middle-market companies. Using empirical data and actual company cases to illustrate capital structures and financing approaches, the book provides a detailed discussion of the many funding instruments, from traditional bank loans and asset-based financing to different types of private equity and other creative solutions; the types of funding sources and their expected rates of returns; and typical deal terms.
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(Why do modern economies go through the “business cycle” o...)
Why do modern economies go through the “business cycle” of booms and busts? What caused the U.S. housing bubble that precipitated the financial crisis? Who correctly predicted it and who should we listen to for wisdom moving forward? Ron Paul vs. Paul Krugman is an examination of the root cause of the crisis as seen through the eyes of two prominent commentators on the subject, each representing a different school of economic thought. Congressman and presidential candidate Ron Paul is today perhaps the most visible proponent of the Austrian school, whose luminaries include Ludwig von Mises and Nobel Prize-winning economist Friedrich A. Hayek. Nobel Prize-winning economist and New York Times columnist Paul Krugman is today perhaps the most well-known voice for the Keynesian school, whose adherents espouse the theories of British economist John Maynard Keynes. A comparative analysis of these two schools of economic thought as applied to the financial crisis and as promulgated through the views of Ron Paul and Paul Krugman is instructive. Whose school offered more explanatory and predictive power? Whose diagnosis and prescriptions have been better suited to deal with the problem? Who should we listen to now?
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( Breaking from conventional wisdom, this book provides a...)
Breaking from conventional wisdom, this book provides an explanation of exchange rates based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements. John T. Harvey combines analyses rooted in the scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises. In the book, the traditional approach is reviewed and critiqued and the alternative is then built by studying the psychology of the market and balance of payments questions. The central model has at its core Keynes’ analysis of the macroeconomy and it assumes neither full employment nor balanced trade over the short or long run. Market participants’ mental model, which they use to forecast future exchange rate movements, is specified and integrated into the explanation. A separate but related discussion of currency crises shows that three distinct tension points emerge in booming economies, any one of which can break and signal the collapse. Each of the models is compared to post-Bretton Woods history and the reader is shown exactly how various shifts and adjustments on the graphs can explain the dollar’s ups and downs and the Mexican (1994) and Asian (1997) crises.
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HICKS, John R. was born in 1904 in Warwick, Warwickshire, England.
Bachelor of Arts University Oxford, 1925.
Lector, London School of Economies and Political Science, London, United Kingdom, 1929-1935. Fellow, University of Cambridge, Cambridge, United Kingdom, 1935-1938. Professor Political Economics, University Manchester, 1938-1946.
Drummond Professor, University Oxford,
1950-1965.
Professor Emeritus, University Oxford, since 1965. Fellow, Nuffield College Oxford, since 1946.
(A timely guide to the complex financial markets and banki...)
( Breaking from conventional wisdom, this book provides a...)
(Unlike some other reproductions of classic texts (1) We h...)
(This book was originally published prior to 1923, and rep...)
(Author presents an argument about the great question of w...)
( This work has been selected by scholars as being cultur...)
(The bargain theory of wages a critical development from t...)
(As a successful small business owner, the issues containe...)
(An in-depth look at the strategies, capital structure, an...)
(Hedonic Wage Equilibrium examines empirically and theoret...)
(John Hicks is acclaimed as one of the most important and ...)
(Why do modern economies go through the “business cycle” o...)
(Parts: Methods of Dynamic Economics, Growth Equilibrium, ...)
(Value and Capital An Inquiry into some Fundamental Princi...)
(This book is a replica, produced from digital images of t...)
(Running a business is a risky proposition even in the bes...)
(This historic book may have numerous typos and missing te...)
(This historic book may have numerous typos and missing te...)
(This is a reproduction of a book published before 1923. T...)
(This is a reproduction of a book published before 1923. T...)
(This is a reproduction of a book published before 1923. T...)
(This is a reproduction of a book published before 1923. T...)
(Book by Hicks, John Richard, Sir)
(Originally published in 1899. This volume from the Cornel...)
(Lang:- eng, Pages 485. Reprinted in 2015 with the help of...)
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