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The present paper examines the meaning and usefulness of the concept of a New Economy. This construct, which first began to appear in the media in the mid-1990s, is utilised today with a variety of definitions and intentions. Having identified three possible denotations or orientations relating...
Persistent link: https://www.econbiz.de/10008793473
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity provided that the set of profiles over which the consensus is attained is rich enough. More precisely, we identify a closedness condition which, if satisfied by a class of...
Persistent link: https://www.econbiz.de/10009325716
This paper presents the different utilitarian approaches to ethics. It stresses the influence of utilitarianism in economics in general and in welfare economics in particular. The key idea of the paper to explain the evolution from classical utilitarianism to preferences utilitarianism and...
Persistent link: https://www.econbiz.de/10010821180
the labor market. We use the "Santé et Itinéraires Professionnels" (SIP, "Health and Labor Market Histories") survey …
Persistent link: https://www.econbiz.de/10009651559
matching estimators, we found that health events have a strong impact on individual labor market histories. The workers …
Persistent link: https://www.econbiz.de/10009651569
; (ii) inducing a substitution effect between intermediate goods and labor input for plausible values of intermediate inputs …
Persistent link: https://www.econbiz.de/10010750542
grants of privileges to capitalists can lower labor and land factors' prices compared to what would prevail in a free market …
Persistent link: https://www.econbiz.de/10008790886
inflation, both as an objective and as an intermediate instrument. We want to show that other variables like employment can be … that they can be function of employment only, which then dominates inflation for use in the policy rule. …
Persistent link: https://www.econbiz.de/10010929093
should respond more than one for one to inflation. This model yields explicit solutions for the optimal rule. We find that … underlying shocks, or which measure of inflation is used. In general the optimal elasticity of the interest rate with respect to … inflation needs not be greater than one. …
Persistent link: https://www.econbiz.de/10010930174
Le passage à l'Union économique et monétaire dans la mesure où chaque pays demeure souverain n'a pas d'équivalent dans l'histoire. La banque centrale européenne a donc dû mettre en place une coopération efficace avec les banques centrales nationales dans un contexte institutionnel et...
Persistent link: https://www.econbiz.de/10009645463