A More Practical Method for Explaining Supply

Yu, Yi-Jang

doi:10.5430/rwe.v4n1p76

Cited by 3 publications

(3 citation statements)

References 4 publications

(3 reference statements)

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“…The method of circumventing these constraints, therefore, is to switch from pursuing personal ethics to pursuing universal ethics. This reasoning can be inferred from Figures 2a and 2b, and, in addition, all related explanations presented by Yu (2013). That is, whenever the opportunity to make substantial growth diminishes, the direction of reducing systematic risk can still serve as an efficient direction of development especially for developed nations.…”

Section: Credit Fmentioning

confidence: 74%

A More Practical Method for Explaining Demand

2013

RWE

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Demand analysis in general needs to deal with two fundamental elements: the first is the necessary identification of timing and special differences and the second is the necessary separation of ability and willingness in personal consumption behavior. Only by taking both considerations into account and adopting portfolio theory as the analytical framework and tool, can demand be realistically explained. As a consequence, this study demonstrates that numerous demand issues, including the designing of a national improvement indicator of economic life, can all be reasonably studied.Keywords: demand, portfolio theory, improvement indicator of economic life different types of time frame to study consumption behavior: (i) the very short-term, where personal preferences, disposable incomes and incomes are all assumed to be constant in order to reflect the very short-term stability of consumption habits and income proceeds; (ii) the short-term, where only personal preferences can be allowed to vary;(iii) the long-term, where both personal preferences and disposable incomes can be allowed to vary; and (iv) the very long-term, where personal preferences, disposable incomes and incomes can all be allowed to vary. (Note 1) Moreover, in this study, savings or dis-savings will be taken for the sole purpose of making current or future consumption.Uncertainty is a peripheral problem immediately arising from this framework. Although j d Y , can be predetermined as the personal consumption budget, expressing it as an uncertain j d Y , is still necessary if the meaning of personal expenditures is also assumed. Accordingly, all related analyses must be performed under type (iii) or (iv) time frame, because personal disposable incomes can typically be allowed to vary only in the long-term. Moreover, by assuming www.sciedu Published by

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Section: Credit Fmentioning

confidence: 74%

A More Practical Method for Explaining Demand

2013

RWE

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“…However, this type of policy will violate the spirit of economic freedom. The other alternative, as explained by [17], is to lower the systematic risk to obtain a result similar to directly pursuing a high growth rate. As mentioned previously, in practice, the nation should form alliances with other nations that are as heterogeneous as possible in economic development.…”

Section: Opportunity Cost and Ethicmentioning

confidence: 99%

Economic Natural Laws and Economics

2015

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Human activity causes extensive destruction to nature. However, nature is necessary to us; continuing to damage it regardless of consequence is unwise. Microeconomic and macroeconomic natural laws were introduced by [1], but the global economy is not operating in compliance with the microeconomic natural law. If ignorance of the importance and feasibility of the microeconomic natural law is the reason for the global economy to not adhere to it, then more explanations must be provided. The current mainstream school of economics has already resolved the threat of resource scarcity; therefore, reinforcing the shortage of this school is necessary to undertake the new mission of addressing the threat of environmental destruction.

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“…For a company or nation, this certainly means that the possibility of economic failure is on the increase. The driving force of globalization must include these kinds of considerations, because only cutting costs can immediately rescue the rate of return on investment (Yu, 2013a). As for the way of improving the demand condition in the long run, since raising incomes for consumers is hardly a choice by suppliers, the only alternative is therefore to change the consumption preference.…”

Section: Uncertainty and Riskmentioning

confidence: 99%

A More Practical Method for Explaining Equilibrium

Yu¹

2014

RWE

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The aim of this study is to suggest a more practical method for explaining market equilibrium in a two-dimensional risk-return world. Its main difference from textbook contents is to define, in both qualitative and quantitative ways, the environment or the system factor and treat it as an endogenous variable. Once the two-dimensional framework that is capable of managing uncertainty and environmental relationship can be reasonably established, a greater number of economic issues can be effectively investigated. As to the traditional concept of economic equilibrium, its importance can be significantly reduced.

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A More Practical Method for Explaining Supply

Cited by 3 publications

References 4 publications

A More Practical Method for Explaining Demand

A More Practical Method for Explaining Demand

Economic Natural Laws and Economics

A More Practical Method for Explaining Equilibrium

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