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COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa100%: Samuel Enajero, Ph.D.: COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa (ISBN: 9781682136652) 2015, in Englisch, auch als eBook.
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Collective Institutions in Industrialized Nations41%: Ph.D. Samuel Enajite Enajero: Collective Institutions in Industrialized Nations (ISBN: 9781682136645) Page Publishing, Inc., in Englisch, Taschenbuch.
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COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa
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9781682136652 - Samuel Enajero, Ph.D.: COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa
Samuel Enajero, Ph.D.

COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa (2015)

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ISBN: 9781682136652 bzw. 1682136655, in Englisch, Page Publishing, Inc. neu, E-Book.

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Fundamental institutions are core values that originate from beliefs. Beliefs reflect on behaviors and repeated behaviors become habits. Shared habits are peoples’ values, which when ingrained become norms and customs. Societies that believed in human interdependency formed collective institutions. These institutions are compatible with modern economic prosperity. Thus, Contrary to conventional economic teaching, which implies that behaviors, including preferences are biologically determined, A... Fundamental institutions are core values that originate from beliefs. Beliefs reflect on behaviors and repeated behaviors become habits. Shared habits are peoples’ values, which when ingrained become norms and customs. Societies that believed in human interdependency formed collective institutions. These institutions are compatible with modern economic prosperity. Thus, Contrary to conventional economic teaching, which implies that behaviors, including preferences are biologically determined, all socially relevant behaviors, including economic behaviors are acquired, learned and routinized through habits (institutions) in which individuals find themselves. Again, contrary to popular beliefs that economics is about “pursuit of self-interest” as stipulated by Adam Smith (1776), the “pursuit of self-interest” does not translate to selfishness. For example, an entrepreneur relies on public capitals and skilled labors to succeed; a producer relies on adequate consumption to produce at capacity; a firm’s profit is enhanced with higher consumer income, etc. Therefore, capitalism is a function of collective institutions. Collectivism is a solution to group interdependency. People sharing the same space are interdependent and are faced with interdependency costs. Interdependency cost equals external cost plus decision making cost. Failures to eliminate or minimize external costs (externalities) through collectivization of activities result to resource misallocation. The problem of sub-Saharan Africa. Moreover, modern development theories are constructed around macroeconomic variables. Money, banking, interest rate, savings, trade liberalization, financial assets, deficit and debt management are modern macroeconomic development tools. These are based on aggregation of data and variables. Thus, collectivism is more pronounced in macroeconomic policies. Yet, many emerging nations of sub-Saharan Africa, do not find it mandatory to build all-inclusive economies by mobilizing resources en masse.Taal: Engels;Formaat: ePub met kopieerbeveiliging (DRM) van Adobe;Kopieerrechten: Het kopiëren van (delen van) de pagina's is niet toegestaan ;Geschikt voor: Alle e-readers te koop bij bol.com (of compatible met Adobe DRM). Telefoons/tablets met Google Android (1.6 of hoger) voorzien van bol.com boekenbol app. PC en Mac met Adobe reader software;Verschijningsdatum: december 2015;ISBN10: 1682136655;ISBN13: 9781682136652; Engelstalig | Ebook | 2015.
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9781682136652 - Samuel Enajero, Ph.D.: COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa
Samuel Enajero, Ph.D.

COLLECTIVE INSTITUTIONS IN INDUSTRIALIZED NATIONS: Economic Lessons for sub-Saharan Africa (2015)

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9781682136645 - Ph.D. Samuel Enajite Enajero: Collective Institutions in Industrialized Nations
Ph.D. Samuel Enajite Enajero

Collective Institutions in Industrialized Nations

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9781682136645 - Ph.D. Samuel Enajite Enajero: Collective Institutions in Industrialized Nations
Ph.D. Samuel Enajite Enajero

Collective Institutions in Industrialized Nations

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ISBN: 9781682136645 bzw. 1682136647, in Englisch, Page Publishing, Inc. Taschenbuch, neu.

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9781682136645 - Ph D Samuel Enajite Enajero: Collective Institutions in Industrialized Nations
Ph D Samuel Enajite Enajero

Collective Institutions in Industrialized Nations

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Collective Institutions in Industrialized Nations: Paperback: Page Publishing, Inc. : 9781682136645: 05 Nov 2015.
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