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The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal utility (as derived from the marginal use) is not dependent on cardinal utility, and indeed is consistent with "intrinsically ordinal" utility. In this system, diminishing...
Persistent link: https://www.econbiz.de/10013310605
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10013249716
Alfred Marshall and Mary Paley Marshall are often described as the first academic economist couple. Both studied at Cambridge University, where Paley became one of the first women to take the Tripos exam and the first female lecturer in economics, with Marshall’s encouragement. But in later...
Persistent link: https://www.econbiz.de/10014346412
Trevor Swan independently developed the neoclassical growth model. Swan (1956) was published ten months later than Solow (1956), but included a more complete analysis of technical progress, which Solow treated separately in Solow (1957). Reference is sometimes made to the quot;Solow-Swan growth...
Persistent link: https://www.econbiz.de/10012759369
In this paper we evaluate what economists have learned over the past 40 years about the determinants of crime. We base … a critical review of the literature. We argue that economists know little about the empirically relevant determinants of …
Persistent link: https://www.econbiz.de/10012759572
Discrimination is notoriously difficult to document. Convincing tests for discrimination require good measures of the legitimate determinants of the outcome of interest, for example wages and productivity. While few contexts provide data adequate to the task of measuring discrimination, copious...
Persistent link: https://www.econbiz.de/10012750798
, they have become more difficult to fit into received economic theory. Nevertheless, most economists continue to regard …
Persistent link: https://www.econbiz.de/10012927013
accounts for as much as one-third of the wage disadvantage. Survey data (of economists only) indicate that flexible scheduling …
Persistent link: https://www.econbiz.de/10012929580
As technology platforms have created new markets and new ways of acquiring information, economists have come to play an … past five years, hundreds of PhD economists have accepted positions in the technology sector. In this paper, we explore the … skills that PhD economists apply in tech companies, the companies that hire them, the types of problems that economists are …
Persistent link: https://www.econbiz.de/10012910663
This paper investigates whether judge political affiliation contributes to racial and gender disparities in sentencing using data on over 500,000 federal defendants linked to sentencing judge. Exploiting random case assignment, we find that Republican-appointed judges sentence black defendants...
Persistent link: https://www.econbiz.de/10012918638