The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current economic school’s incapacity to explain the actual economic crisis and to offer an adequate perspective to settle a solution. It proposes an explanation based on the tendency...

The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...

After overcoming various financial crises in the mid-90's and early millennium (Tequila, Asian, Russian, Brazil, Argentina and Ecuador) Latin America found a proper environment conducive to reach sustained growth and macroeconomic stability. Endogenous elements - such as credit growth, the...

This document is about the theoretical foundations of neoclassical consumer theory. In the first part, the document makes a presentation of the Arrow-Debreu model and presents the problem of maximization of utility and minimization of expenditure from the real approach (set theory). In the...

This book focuses on the historical analysis of the main economic and social transformations of Valle del Cauca in the last 25 years. With a wide and diverse statistical information, the results of the Valley are evaluated against those registered by the main departments of the country. An...

This paper is devoted to study some analytical properties of sets that satisfy the free disposal hypothesis. This hypothesis plays a relevant role in general equilibrium theory, because it is widely used to ensure both the positiveness of equilibrium prices and the efficiency of equilibrium...

Spanish Abstract: El presente trabajo se ocupa de analizar la relación entre crecimiento, pobreza y distribución del ingreso, desde la óptica del equilibrio general computable, y mediante ejercicios de estática comparativa realizados para la economía colombiana. La investigación se ha...

This article aims to make an approach to the definition and meaning of social policies through the theory of contracts, a distinction between these and public policy. For this, the contributions of some officials of the Municipality of Medellín and other municipal organizations in a focus group...

Spanish Abstract: En este artículo se estudian los efectos potenciales que tendrían cambios en las políticas tributaria y fiscalizadora sobre el tamaño del sector informal en Colombia. Para ello se desarrolla un modelo de equilibrio general dinámico. Los resultados indican que el Gobierno,...