Mises created an artificial construct, the evenly rotating economy (ERE), from which to ascertain the source of entrepreneurial profit and loss. In particular, the ERE is characterized by two distinct elements. First is the elimination of the temporal element, second is the removal of changing market data. The second point necessarily arises from the first. Is it possible that the efficient mar...

The use of cost-benefit analysis to evaluate the net welfare payoffs from water projects has now been an established practice for many years. One of the interesting aspects of such cost-benefit studies is that water projects involve an uncertain flow of costs and benefits, arising from the stochastic nature of streamflows. Hence a basic problem for the cost-benefit analyst is that of incorporat...

having a full understanding of the world’s social-economic situation is the success key for industries automotive manufacturing industry is an extremely competitive one usually there is no clear guideline among automotive companies about technological causes behind their success and failure. this research provides an investigation about the world’s economic situation and the environmental situa...

â â â  â â â â â  the main purpose of present study is to analyze the relationship between stock and exchange markets in two asian countries, iran and south korea. a monthly time series of stock price and exchange rate are used over the period 2002: 05 - 2012: 03. the data is collected from the central bank of each country and wdi. the calculated stock return and real exchange rate change are u...

during many years after second world war, keynos and welfare economy dominated europe and many other countries. transpiring the depression in 1970's and welfare government failure, market economy was observed by west politicians and voters. hayek was one of the few intellectuals who theoretically and practically opposed the welfare and keynes government by raising the economical spontaneou...

Using a dataset of 1,700 ages at first marriage for Roman Catholics born in the Groningen Ommelanden (The Netherlands) during the period 1721-1800 explanatory variables for the specific age at marriage have been searched for. The 18 th and early 19 th century Groningen Ommelanden fitted perfectly into Hajnal’s Western European marriage pattern with very high ages at marriage and a high celibacy...