The institution of slavery displays a puzzling historical pattern: it is found mostly at intermediate stages of … agrarian stages. We explain this rise-and- fall pattern of slavery in a growth model with land and labor as inputs in … into slavery, to a force behind the transition from slavery to free labor. Our model also explains several other historical …

The institution of slavery displays a puzzling historical pattern: it is found mostly at intermediate stages of … agrarian stages. We explain this rise-and- fall pattern of slavery in a growth model with land and labor as inputs in … into slavery, to a force behind the transition from slavery to free labor. Our model also explains several other historical …

sufficiently large and effective redemption programs must lead to an increase in the price at which slaves are exchanged, we find … that such programs do not necessarily raise the price of slaves. We also use the model to explain why a slave redemption … program can slow the flow of people into the actual state of slavery, but at the same time can increase the number of people …

This book focuses on general theory of price. Price, wage, interest rate, GNP and exchange rate, five factors, are very … political life directly, a functional value, price and wage described by a relatively abstract mathematic sum in place of amount … in their country or region and to analyze the relationship of growth and decline among price, wage, interest rate and GNP …

respond in such a way that the price approaches, in a very short time, the marginal cost. For the remaining stages, but the …, based on higher Cournot's profits than Stackelberg's profits. Keywords: Duopoly, Durable, Price, Profit. …

article discusses the valuation of prices, unit price or measuring unit for prices, ligitimacy of exchange control in markets …

The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this … indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …

Putting the theory of price system on the relationship among price, wage, labor time, interest rate and GNP (or GDP … value and interest rate in different conditions and regions, can not certainly benefit price stability, sound public …