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This paper provides, after a contextualizing introduction, the first-time translation of Walter Eucken’s presentation during the first session of the founding meeting of the Mont Pèlerin Society, April 1-10, 1947. Eucken was the only scholar based in Germany to attend the conference and took...
Persistent link: https://www.econbiz.de/10013164738
James M. Buchanan revisited his mentor's famous 1923 essay “The Ethics of Competition” in an essay written for the centenary celebration of Frank Knight's birth in 1985. Buchanan's paper focused on the first section of Knight's essay, and outlined why it provided an inadequate criticism of a...
Persistent link: https://www.econbiz.de/10012889227
Considers the contribution of Attilio da Empoli to the theory of value and distribution and especially his contribution … to the theory of monopolistic competition. During the 1920s a lively discussion developed about the link between the cost … “representative firm”. In this context, Attilio da Empoli contributed two monographs with the declared intent to provide a new theory …
Persistent link: https://www.econbiz.de/10011073364
This paper studies monetary and exchange rate policy in a world of global value chains. Using recent microdata from Japan and Russia, devaluations are shown to negatively affect exporters in terms of employment, domestic revenue and profitability relative to nonexporting firms. Given their...
Persistent link: https://www.econbiz.de/10012900331
Entry for the Elgar Companion to Alfred Marshall, edited by Tiziano Raffaelli, Marco Dardi, and Giacomo Becatini, Cheltenham: Edward Elgar 2004
Persistent link: https://www.econbiz.de/10010427403
Persistent link: https://www.econbiz.de/10010440450
Persistent link: https://www.econbiz.de/10014199447
Entry for the Elgar Companion to Alfred Marshall, edited by Tiziano Raffaelli, Marco Dardi, and Giacomo Becatini, Cheltenham: Edward Elgar 2004
Persistent link: https://www.econbiz.de/10005121204
The paper analyzes Adam Smith’s views on monopoly focusing on Book IV and V of The Wealth of Nations and argues that Smith has left his analysis of monopoly in an embryonic form while the majority of scholars have assessed it starting from premises different from those, actually though...
Persistent link: https://www.econbiz.de/10011258542
In pursuit of economic growth and development, countries have tried to strike a balance between competition and industrial policies across time. This paper will review the empirical evidence on industrial concentration and its economic correlates (notably firms' performance as measured by...
Persistent link: https://www.econbiz.de/10013101330