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This paper shows that Keynes's involuntary unemployment derived from Walras's voluntary unemployment by means of … supply function is a strongly increasing function, as in Walras's approach, there might be only voluntary unemployment, and … and an equilibrium point. According to Walras's approach also might be considered "forced unemployment' which is the …
Persistent link: https://www.econbiz.de/10012232295
This paper shows that Keynes's involuntary unemployment derived from Walras's voluntary unemployment by means of … supply function is a strongly increasing function, as in Walras's approach, there might be only voluntary unemployment, and … and an equilibrium point. According to Walras's approach also might be considered "forced unemployment" which is the …
Persistent link: https://www.econbiz.de/10012010862
A substantial and diverse literature in economics traces its intellectual roots to Charles Tiebout's 1956 article, "The Pure Theory of Local Expenditure." Its present recognition frequently attributed to originating the idea of "voting with your feet," however, contrasts sharply with its...
Persistent link: https://www.econbiz.de/10011706901
During the 1950s and 1960s, many economists were convinced that externalities were a cause of "market failures" -- because individuals are not capable of internalizing the costs their actions impose to others -- and therefore that the intervention of the state was necessary to allow an efficient...
Persistent link: https://www.econbiz.de/10013135502
Wicksell (1896) and Lindahl (1919) analyzed the public provision of public goods through parliamentary negotiation. Roemer (2010, 2019) applied Kant’s (1785) categorical imperative to the private provision of public goods by voluntary contributions. They coincide in yielding efficient...
Persistent link: https://www.econbiz.de/10013238319
A substantial and diverse literature in economics traces its intellectual roots to Charles Tiebout's 1956 article, “The Pure Theory of Local Expenditure.” Its present recognition, frequently attributed to originating the idea of “voting with your feet,” however, contrasts sharply with...
Persistent link: https://www.econbiz.de/10013061363
The aim of this paper is to develop a dynamic model of migrations, in which migration is driven by size asymmetries between countries and by the relative preferences of consumers between private consumption and consumption of public goods. The dynamic trajectories heavily depend on the degree of...
Persistent link: https://www.econbiz.de/10004984833
This paper shows that the post-Walras general equilibrium theory is irrelevant to real contemporary economic life. The … the economic situation in reality. This paper traces concisely how Walras's theory has been became causing economic … science to deviate in an erroneous direction and reaching a deep crisis; because post-Walras's economists, since Pareto, have …
Persistent link: https://www.econbiz.de/10012232329
Persistent link: https://www.econbiz.de/10009305786
Persistent link: https://www.econbiz.de/10011309480