The duality between a production function and the cost function generated by it implies that a Solovian ‘growth accounting’ measure of productivity increase, as referred to the industry, has an equivalent dual measure, based on what may be called ‘price accounting’. It is argued in this...

The 19th century economic commentators did not possess a formal measure of the rate at which productivity was increasing during the industrial take-off. Yet they did develop an intuitive method based on the comparative change in prices and wages. This paper reviews the contributions of G.R....

This paper analyses occupational changes in Britain between 1997 and 2006 from a task-based perspective using data from the UK Skills Surveys. In line with the existing literature, we show that employment has been polarizing. We analyse in detail the task content of the occupations which display...

In this paper we empirically test the predictions of Peri and Sparber (2009) model of comparative advantage in tasks performance to evaluate whether in the United Kingdom immigration affected the way natives specialise in the task they perform on the job. Using Labour Force Survey and UK Skills...

When a set of industries is kept in long-run equilibrium, it is never possible to change just one price at a time. But when various (or all) prices are changing, the direction of change of any one price can depend on the numéraire adopted. What does it mean, then, to say that a long-run supply...

The nineteenth-century economic commentators did not possess a formal measure of the rate at which productivity was increasing during the industrial take-off. Yet they did develop an intuitive method based on the comparative change in long-period prices and wages. This paper reviews the...

Marco Fanno's contributions to the theory of supply at joint cost and the theory of demand for substitute goods contain some original analyses of tax incidence, based on a "less partial" application of the Marshallian supply and demand paradigm. Fanno's overall theory, however, soon fell into...

Both J. S. Mill and A. Marshall had a lifelong concern with the living conditions of the working classes and theorized the possibility of a new age, characterized by a widespread mental and moral cultivation. This paper compares the precise arguments put forward by them in the period ranging...