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https://doi.org/10.1007/978-3-322-87626-3e minister in 1979, signalled the start of the ‘Conservative revolution’ in economic policy which, with the subsequent election of President Reagan and Chancellor Kohl, quickly spread beyond Britain and one of the ideological pillars of this revolution was that there was a need for less, not more, government.

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Thomas von Winter,Ulrich Willems the stock of human capital should be viewed as ‘investment’, not as ‘consumption’. The return to investment in human capital is the increased amount of output that results from an expansion (and deepening) of skills and knowledge.

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Politische Sozialisation in der DDRr than to simply describe it in a particular situation, one needs some criteria which can be applied to individuals and families living in a variety of circumstances, on the basis of which they can be judged to be poor or not. This is the problem of ..

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Werte- und Wertewandelforschung, other words, flexible prices results in competitive market clearing. Second, the market-clearing equilibrium – brought about through flexible prices and competitive markets – is a ‘good thing’ in the sense that it is also a point of economic efficiency.. In other words, competitive outcomes are also efficient ones.

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Zur Gehorsamsbereitschaft in Organisationenand France and the parallel decline of the economies of the UK and the USA. In 1950, of the 16 countries whose gross domestic product (GDP) per capita are shown in Table 1.1, the UK was one of the richest. Compared to the UK, the per capita GDP of Japan, in 1950, was approximately one-quarter, Germa

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https://doi.org/10.1007/978-3-663-08861-5ut with smaller input quantities. More often than not (as, for example, in the previous chapter) productivity is interpreted to mean ‘labour productivity’, that is to say it refers to output per unit of labour employed where this unit may be defined either as an employee or as an hour worked by an e