Economics In Theory And Practice An Eclectic Approach

Economics in Theory and Practice

lLabour Economics. Theory and practice

Issues of labour economics and evolution of the economic views of Eastern thinkers, the process of attracting and using labour power, new forms of employ-ment, the labour market, the economics of social and labour relations, organiza-tion and wages, incomes of workers, level and quality of life of the population, as well as the strategy of decent work in innovative conditions of economic devel-opment are considered in the textbook. For students of economic specialization of Central Asia studying in Europe and the United States and the widest range of readers interested in problems of Economics Republic of Uzbekistan. Title: Labour Economics. Theory and practice Author: Kalandar Abdurakhmanov Reviewers: Doctor of Economics, Professor Robert Crane, Doctor of Economics, Professor B. Islamov Edtitorial Board: Academician of the Academy of Science of the Republic of Uzbekistan A.Kh. Saidov Doctor of Economics, Professor V.I. Grishin Doctor of Technical Sciences, Professor C.A. Sharipov Edtitorial Board of Publisher: Prof. UZ Ph.D. Arkadiusz Świadek Prof. US Ph.D. Joanna Wiśniewska Prof. US Ph.D. Krzysztof Janasz Prof. UG Ph.D. Sylwia Pangsy-Kania Publishers: Scientific Publishing House IVG LTD London United Kingdom http://www.publishinghouseivg.co.uk/abstract-book/innovative-textbook-in-innovative-development.pdf

Economics in Theory and Practice: An Eclectic Approach

Lawrence Klein, University of Pennsylvania Jaime Marquez, Federal Reserve BoarrI* All examination of the economics literature over the last twenty years reveals a marked tendency towards polarisation. On the one hand, there has been a propensity to develop theoretical models which have little connection with either empirical verification or problems requiring immediate attention. On the other iland, empirical analyses are generally typified by testing for its own sake, with limited examination of the implications of the results. As a result, the number of papers confronting theory with facts towards the solution of economic problems has been on the decline for years. To fill this growing gap in the literature, we have invited a number of authors to write papers using both theoretical and empirical techniques to address current issues of interest to the profession at large: the US trade deficit and the global implications of policies that attempt to reduce it, the international ramifications of the debt crisis, the international oil market and its implications for the US oil industry, and the development of new econometric techniques. In addressing these issues, each author has approached the subject matter from an eclectic standpoint - that is, avoiding strict adherence to a given doctrine.