Showing 1 - 10 of 103
first sided with the so-called "compensation theory" that workers are not harmed by the introduction of machinery. In his … lecture notes of April 1900, made available here for the first time, Wicksell deployed marginal productivity theory to discuss …
Persistent link: https://www.econbiz.de/10011865125
Lewis argued that his 1954 model of economic development in a dual economy was based on the classical framework originally advanced by Smith, Malthus, Ricardo and Marx. The present paper provides a detailed investigation of how Lewis adopted and adapted classical concepts such as...
Persistent link: https://www.econbiz.de/10011761424
first sided with the so-called “compensation theory” that workers are not harmed by the introduction of machinery. In his … lecture notes of April 1900, made available here for the first time, Wicksell deployed marginal productivity theory to discuss …
Persistent link: https://www.econbiz.de/10010854723
first sided with the so-called “compensation theory” that workers are not harmed by the introduction of machinery. In his … lecture notes of April 1900, made available here for the first time, Wicksell deployed marginal productivity theory to discuss …
Persistent link: https://www.econbiz.de/10011858400
first sided with the so-called “compensation theory” that workers are not harmed by the introduction of machinery. In his … lecture notes of April 1900, made available here for the first time, Wicksell deployed marginal productivity theory to discuss …
Persistent link: https://www.econbiz.de/10013061533
Lewis argued that his 1954 model of economic development in a dual economy was based on the classical framework originally advanced by Smith, Malthus, Ricardo and Marx. The present paper provides a detailed investigation of how Lewis adopted and adapted classical concepts such as...
Persistent link: https://www.econbiz.de/10011694807
The present essay provides a detailed investigation of how Lewis revisited classical and Marxian concepts such as productive/unproductive labor, economic surplus, subsistence wages, reserve army and capital accumulation in his influential investigation of economic development. The Lewis 1954...
Persistent link: https://www.econbiz.de/10012925051
Lewis claimed that his 1954 model of economic development in a dual economy was based on the classical framework originally advanced by Smith, Malthus, Ricardo and Marx. The present paper provides a detailed investigation of how Lewis adopted and adapted classical concepts such as...
Persistent link: https://www.econbiz.de/10012934285
Samuelson kept optimization-based problems separated from macroeconomic dynamics in his Foundations, where dynamics were defined in terms of difference and differential equations. Despite some criticism of his "correspondence principle" of stability analysis by D.F. Gordon, D. Patinkin and...
Persistent link: https://www.econbiz.de/10012006484
Samuelson kept optimization-based problems separated from macroeconomic dynamics in his Foundations, where dynamics were defined in terms of difference and differential equations. Despite some criticism of his "correspondence principle" of stability analysis by D.F. Gordon, D. Patinkin and...
Persistent link: https://www.econbiz.de/10012003226