Word: markets
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Dates: during 1960-1969
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...Common Market: We already have reached a point where it is very difficult to continue with some of the processes of economic integration if one does not reach agreement on when and how one should start discussions on enlargement...
...planned obsolescence" would itself become obsolete. For another, the new cars, to minimize the drain on their batteries, would have to be light, small and free of many of today's high-profit accessories. As for the oil industry, Netschert figures that it would lose fully half its market...
This base is composed primarily of two segments, the valuation of land and the valuation of structures on that land. The former segment is the result of a complex set of market factors over which the City government has only a marginal influence in the short-run. On the other hand, the City could have a substantial impact on what is built on a given piece of land through its powers of zoning, rent control, and condemnation, and its provision of public housing...
...would the Mayor of New York follow if he were only concerned with maximizing the value of taxable property? One staff member in the Mayor's office explained: "The Mayor would probably find that he would have to abolish rent control to encourage new private investment in the housing market. This investment would be primarily in luxury apartments in Manhattan for affluent singles, eventually displacing many poor and moderate income families, mainly from Harlem. We are now effectively paying $50,000 an apartment in development subsidies and foregone taxes to provide public housing in parts of Manhattan. If this same...
Bowles and MacEwan tell us also, however, that per capita income "only has meaning in the context of a market economy." Defective as data on per capita income must be for a less developed economy. Bowles and MacEwan cannot really be urging here what they seem to be: that that index not be compiled and its increase not be sought. Moreover, as the primers teach, if income equality is stressed very much, incentives and bence output per capita may suffer. Just what is the trade off and where should a balance be struck between these two desiderata? These regrettably...