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In 1930 Austrian-American economist Gottfried Haberler detached the doctrine of comparative advantage from Ricardo's labor theory of value and provided a modern opportunity cost formulation. Haberler's reformulation of comparative advantage revolutionized the theory of international trade and laid the conceptual groundwork of modern trade theories.
In 1971, Haberler left Harvard to become a resident scholar at the American Enterprise Institute. Among other things, Haberler is credited with developing the theory of opportunity cost, which was pioneered by the Englishman John Stuart Mill (1806–1873) and the Austrian Friedrich von Wieser (1851–1926) further developed it. [8] [9]
Psychology Today is an American media organization with a focus on psychology and human behavior. The publication began as a bimonthly magazine, which first appeared in 1967. The print magazine's reported circulation is 275,000 as of 2023. [ 2 ]
The Journal for the Theory of Social Behaviour is a quarterly peer-reviewed interdisciplinary academic journal covering the study of social behaviour.It was founded in 1971 by Horace Romano Harré and Paul Secord to advance their alternative to the positivistic approach that was permeating much of social psychology at the time. [1]
Theory & Psychology is a forum for theoretical and meta-theoretical analysis in Psychology. The journal publishes papers which focus on the emergent themes of contemporary psychological debate. Theory & Psychology is published six times a year and is aimed at a broad psychological audience, particularly those concerned with the evolution of ...
Personality and Social Psychology Review is a quarterly peer-reviewed academic journal published by the Society for Personality and Social Psychology.It publishes review and meta-analytic articles on subjects like social cognition, attitudes, group processes, social influence, intergroup relations, self and identity, nonverbal communication, and social psychological aspects of affect and ...
The alternative cost theory (or opportunity cost theory) is a theory of enormous importance that comes from his Theorie der gesellschaftlichen Wirtschaft (Theory of Social Economy), published in 1914, although his arguments were foreshadowed in his work Das Wesen und der Hauptinhalt der theoretischen Nationalokonomie (The Nature and Main ...
Current Directions in Psychological Science publishes concise reviews by leading experts spanning all of scientific psychology and its applications. The reviews published in this journal cover diverse topics such as language, memory and cognition, development, the neural basis of behavior and emotions, various aspects of psychopathology, and theory of mind.