The aim of this paper is to examine productivity growth in public sector banks (PSBs) in India in post-liberalisation period from 1991-1992 to 2008-2009. Total factor productivity (TFP) in Indian PSBs is computed using Hicks-Moorsteen index numbers as given by O'Donnell (2010a). The paper is...

Nearly 75 years ago, John Hicks introduced and formalized the concept of the elasticity of substitution between capital and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived demand for productive factors, the distribution of...

The paper is focused on history of the concept of consumer surplus presented by Alfred Marshall as an economic tool to measure benefits and losses resulting from changes in market conditions. As it assumes constant marginal utility of money, it was refused by further development of economics....

A despeito da interpretação mais comum de que a formalização da Teoria Geral elaborada por John Hicks é inspirada principalmente pela busca de “elegância matemática”, este artigo mostra que Hicks se baseia em argumentos teóricos e relações de causalidade específicas para chegar...