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Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
A grassroots movement is one that uses the people in a given district, region or community as the basis for a political or continent movement. [1] Grassroots movements and organizations use collective action from volunteers at the local level to implement change at the local, regional, national, or international levels. Grassroots movements are ...
Financial crisis and economic collapse; Currency crisis, hyperinflation and devaluation; Banking crisis, credit crunch; Savings and loan crisis; Economic depression, recession, stagflation, jobless recovery; Economic bubble, stock market bubble and real-estate bubble; Market correction, real and nominal value, economic equilibrium
Grassroots democracy is a key component of libertarian socialist political philosophies, which, for various reasons, advocate putting firms under the control of local communities or councils. For example, eco-socialists argue that firms should be controlled by the group of people whose ecosystem is directly affected by that firm's activity.
Economic democracy (sometimes called a democratic economy [1] [2]) is a socioeconomic philosophy that proposes to shift ownership [3] [4] [5] and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
The 368-square-foot first floor contains two rooms and two brick fireplaces, one likely used for cooking at some point in the home’s history. A central staircase leads to the second floor, which ...
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions.
A lot of U.S. history is too good to be true — and actually is not. Sometimes fact is ignored, or teachers miss the latest, and these tales are examples. Lies About American History We Were All ...