Voxi Heinrich Amavilah — новинки

Wealth Accounting and Player Exports. Various economic theories have advanced understanding of wealth and wealth creation. Even so, definitions and accounting methodologies continue to conflate income and wealth. This conflation mislabels some countries. Thus, it is incomprehensible since older generations of economists had a pretty good characterization of wealth. This book refocuses attention on these matters. First, it modifies and describes a wealth accounting approach developed by the World Bank. It then finds that the wealth of some countries has increased even as the incomes of those countries have not. Following Alfred Marshall''s and John Bates Clark''s counsel that a useful characterization of wealth is one that applies to all resources, it is clear that Dominican baseball player exports to the USA, for example, are wealth for the Dominican Republic. The analysis of the second essay shows strong effects of such exports on the economic performance of that country. The results have significant implications for both policy and further research.

Dimensions of the well-Being of nations Economic research on what determines the well-being of nations is one of the most active inquiries. Yet, while tremendous progress has been made with respect to the effects of economic factors and forces on the well-being of nations, both economic theory and practice continue to treat lightly non-economic determinants of well-being across countries. The overemphasis on economic factors and forces is troubling as it leaves a knowledge gap in understanding and advancing effective policy. This little book identifies indirect measures of non- economic determinants, and estimates their effects on the well-being of nations. Measuring well-being by the human development index, analysis reveals important relationships between well-being and investment in physical capital, national symbols, national identity, and even holidays - relationships that represent economic and non-economic dimensions of the well-being of nations. In the end, the book makes a significant contribution to both policy and further research.