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Relevance of neo-clssical [neo-classical] and Cambridge growth theories
Somayajullu, V. V. - In: The Asian economic review : journal of the Indian … 34 (1992) 2, pp. 359-374
Persistent link: https://www.econbiz.de/10001140922
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Paretian rent theory versus Pareto's rent theory : a clarification and correction
Bird, Ronald - In: History of political economy 24 (1992) 4, pp. 909-923
Persistent link: https://www.econbiz.de/10001141790
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The existence of a two-class economy in a general Cambridge model of growth and distribution
Fazi, Elido - In: Cambridge journal of economics 9 (1985) 2, pp. 155-164
Persistent link: https://www.econbiz.de/10001040543
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"Just notions of political economy" - George Pryme, the first professor of political economy at Cambridge
Henderson, James P. - In: Research in the history of economic thought and methodology 2 (1984), pp. 1-20
Persistent link: https://www.econbiz.de/10001043333
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Robertson and the Cambridge Approach to Utility and Welfare
Boianovsky, Mauro - 2014
The paper investigates Dennis Robertson's effort to defend the Cambridge utilitarian tradition against the “new welfare economics”, developed in the 1930s and 1940s on the basis of Lionel Robbins's influential criticism of the scientific legitimacy of interpersonal comparisons of utility. It...
Persistent link: https://www.econbiz.de/10013064319
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Selecting a Unique Competitive Equilibrium with Default Penalties
Qin, Cheng-Zhong - 2009
The enlargement of the general-equilibrium structure to allow default subject to penalties results in a construction of a simple mechanism for selecting a unique competitive equilibrium. We consider economies for which a common credit money can be applied to uniquely select any competitive...
Persistent link: https://www.econbiz.de/10013158128
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Marginal Utility Considered as a Return to Past Traditions
Stomper, Richard - 2017
This paper examines the marginal utility as a theory of value in comparison with the theories which preceded it. It … compares in detail the utility theory with the predominant theory of value of classical economics, a cost theory which saw … marginal theory did more than just revolutionize the then current economic thinking. It was able to hark back to the best of …
Persistent link: https://www.econbiz.de/10012951391
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What Good is Wealth Without Health? The Effect of Health on the Marginal Utility of Consumption
Finkelstein, Amy - 2010
We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and utility proxies. We estimate the model using the Health and...
Persistent link: https://www.econbiz.de/10012759209
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Approximate Solutions of the Walrasian Equilibrium Inequalities with Bounded Marginal Utilities of Income
Brown, Donald - 2014
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Brown and Shannon (2002) derived an equivalent system of...
Persistent link: https://www.econbiz.de/10013049146