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Persistent link: https://www.econbiz.de/10004046194
Three points are made in this article. First, it is argued that general equilibrium theory should not be limited to the …
Persistent link: https://www.econbiz.de/10009219475
This book provides a rigorous course to the theory of intermediate microeconomics. It includes not only the basic … traditional theory, but also a ¡°From the Literature¡± box in each chapter directing students to applications of the theory. The … theory is developed axiomatically, with optional sections using one-variable calculus included for interested readers. A …
Persistent link: https://www.econbiz.de/10011156361
Persistent link: https://www.econbiz.de/10004763868
A methodology is offered which can be used to construct an econometric model in the presence of structural change of an evolutionary type. The theoretical basis for such modelling is drawn from the self-organisation approach and operationalised in the context of the logistic diffusion growth...
Persistent link: https://www.econbiz.de/10009448572
In this paper, we analyze the long run economic performance of a small economy open to foreign investments. Policy instruments used to attract investments are taxes and attractive public infrastructures, whereas the policy choices of the rest of the world are taken as given. Applying the...
Persistent link: https://www.econbiz.de/10010938987
The paper focuses attention on Schumpeter’s achievements in his classic contribution and how these relate to the contributions of other major authors. While deeply indebted to Marx’s vision of capitalism as a system incessantly in travail, Schumpeter was no ‘Marxist’. He shared Böhm’s...
Persistent link: https://www.econbiz.de/10011001847
Just as medieval municipal republics surrendered to national sovereigns in the past, incumbent states may be replaced in the future by an alternate, global public order. Citizens and merchants would obtain more equal rights, better market infrastructures, and a more efficient provision of public...
Persistent link: https://www.econbiz.de/10011003253