personal loans au
no fax payday loans online approval personal loans banks in pittsburgh personal loans no credit check monthly payments
payday ok
100percent guaranteed cash advance loan payday cash advance long beach ca fast cash with foreclosures
rotten kid theorem (J2)<br />In a household in which its head transfers resources to all members of the family each member, however selfish, will maximize the family income. A selfish child can only have extra consumption by increasing the family income. According to this theorem, there are no FREE RIDERS and a need for incentive mechanisms. It is assumed that there is transferable utility within the family.<br /><em>See also:</em> invisible hand <br /><em>Reference</em><br />Becker, G. (1974) 'A theory of social interactions', Journal of Political Economy 82: 1063-94.<br /> Bergstorm, T. (1989) 'A fresh look at the rotten kid theorem - and other household mysteries', Journal of Political Economy 97: 1138-59.
Quesnay, Fran ois, 1694-1774 (B3) French physician-cum-economist who founded the PHYS!OCRATIC school of economics, the first French school of economics. His position as a court physician to Louis XV made him an influential person, but it was not until his sixties that he wrote on economics. He did so in Encyclopedie articles on 'Fermiers' (1756) and 'Grains' (1757) and in subsequent articles on 'Hommes' and 'Impot'. But his Tableau Economique (first edition 1758), showing the CIRCULAR FLOW between landlords, farmers and manufacturers, anticipated ?N. PUT OUTPUT ANALYSIS and was to be much admired by Adam SMITH and MARX. Quesnay made economics a major talking point of the day: the salons were fascinated by 'les zigzags', their nickname for the Tableau.<br /> <br /><em>Reference</em><br />Barna, T. (1975) 'Quesnay's Tableau in modern guise', Economic Journal 85: 485-96.
safe unsecured personal loans yahoo answers
emergency loans assistance fast payday loans inc kissimmee florida