8,354 research outputs found

    "Civil Economy and Civilized Economics: Essentials for Sustainable Development"

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    This essay will consider the relevance of the social sciences - especially economics - to the foundations of sustainable development. Looming environmental crises have served as a prime motivating force for reevaluating fundamental principles. In particular, the concept of sustainability, carrying with it clear requirements for values, goals and ethics, has begun to reshape economics. The broadest conception of sustainability is found if we understand sustainable development to mean Socially And Environmentally Just And Sustainable development - "SAEJAS development". Throughout the paper we will see examples of rules, or norms, that serve to organize human behavior without requiring that everything be rethought all the time. Among these may be found some ethical rules that lay the foundation for responding to the current situation in which humanity finds itself. What notice should the social sciences take of such rules? How would the social sciences - especially economics - have to change in order to be able to pay appropriate attention to ethical norms? "Participatory science," involving citizens as well as specialists, is proposed as an outline for the kind of science that is needed under contemporary circumstances. The approach described under this rubric will be contrasted with the methods and assumptions of mainstream economics. The essay will give some attention to how economic ideas - for better or for worse - affect and shape culture and society. The theory of sustainable development is proposed as offering strong, practical elements of a needed alternative economic paradigm. The conclusion will remind us that theory alone has little effect, and will point to an area where theory and practice can work together to civilize modern economies.civil society, sustainable development, development, SAEJAS, ethics, social capital, environment, new economics,

    01-01 "Civil Economy and Civilized Economics: Essentials for Sustainable Development."

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    This essay will consider the relevance of the social sciences - especially economics - to the foundations of sustainable development. Looming environmental crises have served as a prime motivating force for reevaluating fundamental principles. In particular, the concept of sustainability, carrying with it clear requirements for values, goals and ethics, has begun to reshape economics. The broadest conception of sustainability is found if we understand sustainable development to mean Socially And Environmentally Just And Sustainable development - "SAEJAS development". Throughout the paper we will see examples of rules, or norms, that serve to organize human behavior without requiring that everything be rethought all the time. Among these may be found some ethical rules that lay the foundation for responding to the current situation in which humanity finds itself. What notice should the social sciences take of such rules? How would the social sciences - especially economics - have to change in order to be able to pay appropriate attention to ethical norms? "Participatory science," involving citizens as well as specialists, is proposed as an outline for the kind of science that is needed under contemporary circumstances. The approach described under this rubric will be contrasted with the methods and assumptions of mainstream economics. The essay will give some attention to how economic ideas - for better or for worse - affect and shape culture and society. The theory of sustainable development is proposed as offering strong, practical elements of a needed alternative economic paradigm. The conclusion will remind us that theory alone has little effect, and will point to an area where theory and practice can work together to civilize modern economies.

    Quantum Fluids and Classical Determinants

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    A "quasiclassical" approximation to the quantum spectrum of the Schroedinger equation is obtained from the trace of a quasiclassical evolution operator for the "hydrodynamical" version of the theory, in which the dynamical evolution takes place in the extended phase space [q(t),p(t),M(t)]=[qi,∂iS,∂i∂jS][q(t),p(t),M(t)] = [q_i, \partial_i S, \partial_i \partial_j S ]. The quasiclassical evolution operator is multiplicative along the classical flow, the corresponding quasiclassical zeta function is entire for nice hyperbolic flows, and its eigenvalue spectrum contains the spectrum of the semiclassical zeta function. The advantage of the quasiclassical zeta function is that it has a larger analyticity domain than the original semiclassical zeta function; the disadvantage is that it contains eigenvalues extraneous to the quantum problem. Numerical investigations indicate that the presence of these extraneous eigenvalues renders the original Gutzwiller-Voros semiclassical zeta function preferable in practice to the quasiclassical zeta function presented here. The cumulant expansion of the exact quantum mechanical scattering kernel and the cycle expansion of the corresponding semiclassical zeta function part ways at a threshold given by the topological entropy; beyond this threshold quantum mechanics cannot resolve fine details of the classical chaotic dynamics.Comment: 33 pages, LaTeX with lamuphys.sty, epsf.sty, epsfig.sty macros, available at http://www.nbi.dk/~predrag

    Why isn't there more Financial Intermediation in Developing Countries?

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    Financial intermediation, Mutual insurance , Safety nets , Microfinance , Microcredit
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