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Author: William J. Baumol
Publisher: MIT Press
ISBN: 9780262521314
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
With his characteristic acuteness and lucidity, William Baumol, one of America's foremost economists, tackles the problem of equity considerations in welfare economics by applying the novel "superfairness" criterion to the distribution of resources, product, income, and wealth that arises from economic decisions.
Author: William J. Baumol
Publisher: MIT Press
ISBN: 9780262521314
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
With his characteristic acuteness and lucidity, William Baumol, one of America's foremost economists, tackles the problem of equity considerations in welfare economics by applying the novel "superfairness" criterion to the distribution of resources, product, income, and wealth that arises from economic decisions.
Author: Benjamin Howard Higgins
Publisher: McGill-Queen's Press - MQUP
ISBN: 9780773508477
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
Argues that the collapse of Eastern European socialism may favour ideological convergence between divergent economic systems and lead to blend of market and planned systems capable to deal with the varying conditions of diverse societies.
Author: Roger A. McCain
Publisher: Edward Elgar Publishing
ISBN: 1786431440
Category : Distribution (Economic theory)
Languages : en
Pages : 303
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Book Description
Drawing on some recent research (especially that of Piketty and his associates) and on older ideas (particularly from Sir Arthur Lewis), Roger McCain proposes policies that, together, would aim to reverse the observed tendency towards the concentration of wealth in market economies, thus ‘approach equality.’ The shortcomings and dangers of rising wealth inequality are discussed, both from the point of view of increasing instability and of equalitarian values.
Author: David Currie
Publisher: Routledge
ISBN: 1317214889
Category : Business & Economics
Languages : en
Pages : 379
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Book Description
First published in 1981, this book brings together a collection of essays on microeconomics and development presented at the conference of the Association of University Teachers of Economics. Topics covered include the intergenerational transfer of economic inequality, a review of the recent development in the theory of equity in the economy’s distribution and production process, labour and unemployment, market structure and international trade, taxation and the public sector, Third World industrialisation and Indian agriculture. This book will be of interest to students of Economics and Development Studies.
Author: William J. Baumol
Publisher: MIT Press
ISBN: 9780262022453
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
This volume of seventeen previously published essays by William J. Baumol brings together work on the theory of contestable markets, welfare theory, antitrust, pricing, and the history of economic thought. Written between 1971 and 1983, they have sparked productive extensions and criticism in microeconomic theory and provide an engaging intellectual history of one of the leading figures in the field of economics. Baumol introduces each of the book's four parts, presenting his subsequent views on the subjects covered in the reprinted articles, including some important amendments.The book opens with an autobiographical essay that presents the intellectual climate of economics in the 1940s in which Kenneth Arrow, Frank Hahn, Martin Shubik, Otto Eckstein, and Gary Becker were beginning their careers. Baumol's introductory essays to the book's major sections take up the threads from this autobiographical piece and follow them to the development of concepts central to economic theory, applications, and methodology.Three essays in the first part provide an underpinning for the theory of contestable markets. In the second part five essays explore issues in welfare economics such as the role of diminishing and increasing returns may play the role of symmetric obstacles to Pareto optimality. Essays in the third part range from regulation and antitrust to urban economics to the Phillips curve and the pitfalls of using, in the analysis of real issues, dual values derived from linear models when the underlying reality is nonlinear. Those in the concluding part focus on the history of economic ideas such as the Smithian versus Marxian view of business morality and the social interest, the Marxian concept of value transformation, the iron law of wages, and Say's law.William J. Baumol is Professor of Economics by joint appointment at Princeton University and New York University.
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 630
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Book Description
Author: Maheswaran Rathinasamy
Publisher: Springer
ISBN: 9811320446
Category : Science
Languages : en
Pages : 205
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Book Description
The book is a compilation of the papers presented in the International Conference on Emerging Trends in Water Resources and Environmental Engineering (ETWREE 2017). The high quality papers are written by research scholars and academicians of prestigious institutes across India. The book discusses the challenges of water management due to misuse or abuse of water resources and the ever mounting challenges on use, reuse and conservation of water. It also discusses issues of water resources such as water quantity, quality, management and planning for the benefits of water resource scientists, faculties, policy makers, stake holders working in the water resources planning and management. The research content discussed in the book will be helpful for engineers to solve practical day to day problems related to water and environmental engineering.
Author:
Publisher:
ISBN:
Category : Petri nets
Languages : en
Pages : 416
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Book Description
Author: Adi Ayal
Publisher: Bloomsbury Publishing
ISBN: 1782254013
Category : Law
Languages : en
Pages : 232
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Book Description
What drives popular support for state-enforced competition policy? What is it about antitrust law that garners approval from both the public and courts, to the point of demonizing large firms convicted of antitrust offenses? In this book Adi Ayal argues that the populist roots of antitrust are still with us, guiding sentiment towards a legal regime that has otherwise shifted towards economic analysis. Antitrust is very much about fairness and morality; this book assesses how modern policy has hijacked popular support - based on traditional conceptions of political and economic power - to combat market power in narrowly defined micro-markets. Beginning with history, but delving into moral and political philosophy, Professor Ayal shows how arguments concerning fairness in antitrust apply both to monopolists and their victims. Fairness thus requires a balancing test based on context and respecting the rights of all parties involved. While traditionally fairness arguments were used to justify intervention where economic analysis did not, this book assesses them from first principles, to show that pure efficiency analysis is flawed from a moral standpoint when the state intervenes. Protecting weak consumers from strong monopolists may carry rhetorical weight, but the reality of antitrust is that the state is much more powerful than almost all firms it regulates. Protecting the strong from the weak, especially when 'weak' consumers hold legal power and influence, might very well be a moral imperative. This book offers a philosophical account of the conundrum facing competition policy which challenges widely-held yet often implicit and unfounded beliefs.
Author: Edward E. Zajac
Publisher: MIT Press
ISBN: 9780262740197
Category : Business & Economics
Languages : en
Pages : 348
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Book Description
This work questions how governments should balance the aims of justice and economic efficiency when intervening in the economy. It covers the main advances of fairness theory and reviews the experimental work of economists as well as the more standard approaches of moral philosophers.
