general outline of the draft bill
The German Implementing Act for the AIFM Directive: A Critical Survey of the Draft Bill ppt
... given in the InvA (e.g., verification of the legality of the AIF management company’s instructions) Impact on Taxation According to the reasoning of the draft of the GIC, the revision of the German ... hedge funds, the term ‘fund of funds’ is used in the draft of the GIC instead of ‘fund of funds with additional risk’ However, it is not clear why the draft of the GIC permits, at the target fund ... only be professional investors within the meaning of the draft of the GIC In contrast, in the scope of application of the Regulation on European venture capital funds (still in the draft phase),...
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An Outline of the Development OF THE Internal Commerce of the United States 1789-1900 pot
... History of the People of the United States, vol iii, p 465 F J Turner, Rise of the New West, p 297 End of the Project Gutenberg EBook of Outline of the development of the internal commerce of the ... Steel The development of the movement of iron ore from the mines around Lake Superior to the furnaces of the Eastern States was one of the most interesting features of the internal trade of the ... BETWEEN THE EASTERN AND CENTRAL STATES One of the notable features of the internal commerce following 1830 was the rise of the trade on the Great Lakes After the opening of the Erie Canal there...
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An Outline of the Relations between England and Scotland (500-1707) doc
... Scotland as "the record of the long resistance of the English of Scotland to England, of the long resistance of the Celts of Scotland to the English of Scotland".[4] Above all, the conception ... by the Picts of Galloway, and neither he nor any other exponent of the theory offers any explanation of their subsequent disappearance The history of Scotland, from the fourteenth century to the ... have an affinity of race with the Irish,[25] and the English historians of the War of Independence speak of the Scots as they of the Welsh or the Irish, and they know only one type of Scotsman We...
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Edward Caldwell Moore Outline of the History of Christian Thought Since Kant doc
... the general intellectual life of the age They draw one whole set of their formative impulses from the general intellectual life of the age It is this relation of the progress of doctrine to the ... the decree of 1870 is viewed in the light of the Syllabus of Errors of 1864, and again of the Encyclical of 1907, or whether the encyclicals are viewed in the light of the decree, the fact remains ... realisation of the law of the moral world Kant's moral argument thus steps off the line of the others It is not a proof at all in the sense in which they attempted to be proofs The existence of God...
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KHÁI QUÁT VỀ NỀN KINH TẾ MỸ ẤN PHẨM XUẤT BẢN NĂM 2009 OUTLINE OF THE U. S. ECONOMY doc
... The translation and publication of this book in Vietnamese language were made possible through the financial support of the Public Affairs Section, Embassy of the United States ... Section, Embassy of the United States in Hanoi Copyright © 2009 by the Bureau of International Information Programs, U.S Department of State Sách dịch xuất tiếng Việt với đồng ý hỗ trợ tài Phòng ... tin - Văn hóa, Đại sứ qn Hoa Kỳ Hà Nội KHÁI QT VỀ NỀN KINH TẾ MỸ ẤN PHẨM XUẤT BẢN NĂM 2009 OUTLINE OF THE U S ECONOMY NHÀ XUẤT BẢN VĂN HÓA - THÔNG TIN ĐƠI NÉT VỀ TÁC GIẢ ÊËn phêím Khấi quất vïì...
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General Explanations of the Administration’s Fiscal Year 2013 Revenue Proposals doc
... year of the date of acceptance of the application and must place the property in service within three years from the date of the issuance of the certification The change would be effective on the ... or as a head of household The width of the phase-in range and the beginning of the phase-out range are indexed for inflation Hence, the maximum amount of the credit and the end of the phase-out ... of the certification have been met within one year of the date of acceptance of the application and must place the property in service within three years from the date of the issuance of the...
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An Outline of the history of economic thought - Introduction pps
... of the Marshallian theoretical system Chamberlin’s theory of monopolistic competition Joan Robinson’s theory of imperfect competition The decline of the theory of market forms 8.2 The Theory of ... substitution of a specific theory by another, if the new theory integrates better with the rest of the theories making up the system Another type of progress of a system concerns the internal ... derived from the years of the high theory Then, strengthened by the formal elegance of the Arrow– Debreu–McKenzie general- equilibrium model, the theoretical versatility of the Hicks–Modigliani...
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An Outline of the history of economic thought - Chapter 1 pdf
... law The theory of the ‘just price’, reduced to the communis aestimatio (common evaluation) of the normal price in the absence of monopoly, was derived from Aristotle There was also a theory of the ... price theory which, by virtue of the principle of ‘exchange of equivalents’, was connected to the cost of production and, therefore, mainly to the cost of labour A profit is included in the cost of ... property of the good And it is not clear whether the propositions concerning the value of the goods are of natural law, as suggested by the theory of the bonitas intrinseca, or should be reduced to the...
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An Outline of the history of economic thought - Chapter 2 ppsx
... the price–specie-flow mechanism, the quantity theory of money, the theory of the growth of the volume of international trade, and the explanation of the diminution of interest as a real phenomenon, ... capital Their propensity to save is zero, and they make no contribution to the growth of the wealth of the nation On the other hand, the workers only possess their labour Both the ability of the ... finally, the theory of profit as a residual income, are all elements of the first component The second component, on the other hand, provides the foundation to the theorem of the invisible hand, to the...
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An Outline of the history of economic thought - Chapter 3 pdf
... the formation of the latter in purely subjective terms From the point of view of the history of ideas, the solution of the problem was impeded by the Smithian origin of the notion of ‘exchange ... explanation of wages, Mill’s theory of the wages fund is important for the explanation of profit and of the role played by capital in the production process From the point of view of the history of economic ... microeconomic components of the Smithian approach from the theory of surplus, the equilibrium approach from the theory of conflict; but they were ahead of their times We will discuss them in sections...
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An Outline of the history of economic thought - Chapter 4 pot
... relation to that of the capital invested to produce it In other words, behind the Marxian theory of the falling rate of profit lies the hypothesis of a fall in the output–capital ratio—a hypothesis that ... explanation of the value of the gross product and its aggregate components This is the reason why, in the whole of the first volume of Capital, where Marx studied the working of a capitalist economy at the ... and the ‘laws of movement’ of the capitalist economy The Marxian theory of cycle is based on two fundamental hypotheses: (1) Investment is an increasing function of the rate of profit (2) The...
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An Outline of the history of economic thought - Chapter 5 pot
... question of value is that the theory of the distribution of income becomes a special case of the theory of value, a problem of determining the prices of the services of the productive factors rather ... understand the operation of the economic system on the grounds of a theory of the behaviour of the single agents 5.4.2 The centrality of the theory of marginal utility in Menger To understand the terms ... the administration of the household, but that of the State; no longer the study of the causes of the enrichment of the individuals, but that of the nation, the people, and the merchant class...
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An Outline of the history of economic thought - Chapter 6 potx
... At the end of the First World War the third generation of Austrian economists came on to the scene There were two groups of scholars, one of which gathered around the key figure of Hans Mayer, the ... which the product increases with the timeinterval between the introduction of inputs and the production of output His explanation of the positivity of the rate of interest, based on the argument of ... to convince even the most optimistic of the depth of the crisis, they only had to look at the economy: the breakdown of the system of international payments, abandonment of the Gold Standard...
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An Outline of the history of economic thought - Chapter 7 pps
... cruse’: as the expenditure of each agent is the profit of another, the higher the aggregate expenditure of the capitalists, the higher their earnings will be The Marshallian element of the model ... on the distribution of market power among the firms of the sector Thus, given the degree of monopoly of the various firms, their cost curves, and their relative contributions to the output of the ... changes in the state of confidence of the entrepreneurs) and by the tendency of the bank rate to lag behind the natural rate The model had an enormous influence on the monetary theory of the early...
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An Outline of the history of economic thought - Chapter 8 pdf
... labour, from the theory of public economics to the theory of the conflict of interests He believed that the study of ‘collective action’, i.e of the activity (and the apparatus) of ‘control of individual ... potentially, the market of other goods Therefore, the extension of the market’ depends on the division of labour just as much as the division of labour depends on the extension of the market Adam ... 1931 with the proof of the envelope theorem: the long-run average-cost curve is the envelope of the short-run average-cost curves The ‘U’ shape of the former was derived from the law of returns...
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An Outline of the history of economic thought - Chapter 9 ppt
... reinterpretation of Keynes as a theorist of financial instability, an interesting theory of the crisis reminiscent of the earliest lessons of Marshall and Fisher At the centre of his theory is the Keynesian ... on the one hand, the implications of the ‘flex-price’ hypothesis for the predominance of supply (as against effective demand) in determining properties of the general equilibrium, and, on the other ... called the theory of ‘non-Walrasian equilibrium’ or ‘equilibrium with rationing’; but some people continue to call it the theory of ‘disequilibrium’, and others the theory of the ‘K-equilibrium’ The...
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An Outline of the history of economic thought - Chapter 10 pdf
... depends on the characteristics and the history of the industry, the type of goods produced, the laws in force, and the general state of the economic system In other words, the understanding of the specific ... to the behaviourial approach to the theory of the firm, of which we will mention only the book by R Cyert and J March: A Behavioural Theory of the Firm (1963) The central aim of the work of these ... and the choice of intervention strategies in the fight against poverty 10.3 The Controversy on Marginalism in the Theory of the Firm and Markets 10.3.1 Critiques of the neoclassical theory of the...
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An Outline of the history of economic thought - Chapter 11 docx
... games, the players understand the nature of the game; in perfect-information ones, on the other hand, the players know both the nature of the game and all the preceding moves of the other players ... work of Leontief and Remak In the same chapter we also spoke of Menger’s Viennese Kolloquium, and of the work of Schlesinger and Wald on the problem of the existence of solutions in the general- equilibrium ... production The introduction of the interest rate modifies the results of the theorem in the sense that there is a different price system for each different value of the interest rate The ‘dynamic’...
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An Outline of the history of economic thought - Chapter 12 docx
... assumes the form of a theory of the laws of movement of the capitalist mode of production The law of increasing relative poverty explains the tendency of the wage share to diminish in the long ... and capitalists Each of these wishes to increase the size of its own slice of the cake But the rules of the game prescribe that neither can take the whole cake Neither of the two slices can increase ... 501 developed in the ‘eighties: the theory of the monetary circuit and the analysis of structural change The theory of the monetary circuit develops the special Marxian view of the circular flows,...
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An Outline of the history of economic thought - Index pot
... distribution of income, special case of theory of value 167 of efficiency wages, three principal ideas 369 of the entrepreneur 220 of exploitation, independent of labour theory of value 452 of falling ... value 59–60 theory of demand and 199 theory of value 10, 62 costs of production and 169 Florentine wholesale trading and tagging 26 theory of profit and 71 theory of wages, theory of income distribution ... non-substitution theorem 437–40 debate on theory of capital 440–4 production of commodities by means of commodities 444–6 theory of profit 74, 98 theory of structural change, cyclical and long cycles 502 theory...
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