... during the third year, the last year of rapid growth. Then they improved during the downturn that followed; but then they grew worse again. Over the entire ten-year history ofthe firm, there ... most ofthe actors in those systems. They don't see the "structures" underlying their actions. The purpose ofthe systems archetypes, such as limits to growth and shifting the ... the reasons for their own decline. This was not for lack of information. They had all the signif-icant facts the same facts that you have after reading this story. But they could not see the...
... investigations of 1838 had pointed out, as the causes or rather as the symptoms ofthe social malady, the neglect ofthe principles of religion and morality, the desire for wealth, the passion ... 1. % 1. Ofthe Moral Sense in Man and the Animals. % 2. Ofthe First and Second Degrees of Sociability. % 3. Ofthe Third Degree of Sociability. PART I 1. % 1. Ofthe Causes of our Mistakes. ... some interesting details of this lawsuit. In possession ofthe Suard pension, Proudhon took part in the contest proposed by the Academy of Besancon on the question ofthe utility ofthe celebration...
... ],,(1+∈iixxx = 0, otherwise, (12) and where x is the value ofthe explanatory variable (the time distance to the merger, in our case). The values ix denote the “knots” ofthe spline, and the coefficients, ... change of market share realized in the year ofthe merger. That is, we approximate the change of market share caused by the merger as the difference between the bank’s market share in the years ... after the merger17. In order to estimate how the effect ofthe change of market share evolves in the time after the merger, we also introduce a cross-product of CMS and the time after the merger...
... number of degrees of freedom. The exclusion ofthe interbank rate from the model can be adopted because ofthe high velocity of adjustment of the interbank rate to the policy rate in the 1990s. ... analyses the pass-through of changes in money market rates to retail bank interest rates in Italy in the period 1985-2002. The main results ofthe paper are: 1) the speed of adjustment of bank interest ... to the characteristics ofthe monetary policy impulse. This means that in the long run the pass-through from money market rates to bank rates has the same size independent ofthe sign of the...
... fundamental principleof criminal law theory, theprincipleof personalliability. The four fundamental principles are the outcome ofthe supra -principle of free choice and derive from it.From the four ... . 81.1 The Role ofthePrincipleof Legality in the CriminalLaw Theory1.1.1 The Basic Structure of Criminal Law TheoryCriminal law is part ofthe scientific sphere called “law,” or the legal ... causing the object fall may be.From the supra -principle derive the fundamental principles. In criminal lawtheory there are four fundamental principles:(1) Theprincipleof legality(2) The principle...
... measure ofthe probability of favourable mutational events t hat increase the fidelity of an enzyme in the context ofthe metabolic network. The principleof flux minimization is based on the plausibleassumption ... maintaining agiven rate of biomass production at a minimum ofthe totalflux. Insofar, theprincipleof maximal biomass productionis a special case ofthe more general principleof fluxminimization. ... with other fluxes in the network. As the fluxesthrough the NADP-dependent LDH reaction a nd the pyruvate exchange calculated by means ofthe kinetic modelbelong to the group of small fluxes, the...
... meanings, which can influence the establishment and maintenance ofthe interpersonal relationship between the speaker and the listener and affect the fulfillment ofthe goal ofthe verbal interaction.6 ... of the processes, i.e. the ideational grammatical metaphor is a more metaphorical way of expressing the meaning at the level of experience. The interpersonal grammatical metaphor, on the other ... introduces the relevance, the aims, the scope and the methodology ofthe study.• Part 2 : Development. This part consists of two chapters:- Chapter 1: Literature review: provided the theoretical...
... cost ofthe employment in question[1]. The excess ofthe value ofthe resulting output over the sum of its factor cost and its user cost is the profit or, as we shall call it, the income ofthe ... CLASSICAL THEORY OFTHE RATE OFINTEREST o APPENDIX ON THE RATE OFINTEREST IN MARSHALL'S PRINCIPLES OF ECONOMICS, RICARDO'S PRINCIPLES OF POLITICAL ECONOMY, AND ELSEWHERE 15. THE PSYCHOLOGICAL ... AND THE MULTIPLIER Book IV: The Inducement to Invest 11. THE MARGINAL EFFICIENCY OF CAPITAL 12. THE STATE OF LONG-TERM EXPECTATION 13. THE GENERAL THEORY OFTHE RATE OFINTEREST 14. THE...
... effect of an increase in the money supply is a rise in theinterest rate in response to a higher level of income. •Price-Level effect of an increase in the money supply is a rise in interest ... rates in response to the rise in the price level.• The expected-inflation effect of an increase in the money supply is a rise in interest rates in response to the rise in the expected inflation ... I•Assume that the supply of money is controlled by the central bank.•An increase in the money supply engineered by the Bank of Canadawill shift the supply curve for money to the right....
... number of factors, including the location ofthe service and its overall aims. In principle ,the main activities of the service will be based around education and improving standards of sexualhealth ... clinicianwith special interest in Sexual Health or other relevant professional.Guidelines for the appointment of General Practitioners with Special Interestsin the Delivery of Clinical ServicesSexual ... areas. The number of sessions should be sufficient to ensure that the GPwSI is able to meet the competencies ofthe service requirements, the skillbeing assessed and the level of expertise required....