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This paper examines Mark Blaug's position on the normative character of Paretian welfare economics: in general, and specifically with respect to his debate with Pieter Hennipman over this question during the 1990s. The paper also clarifies some of the confusions that emerged within the context...
Persistent link: https://www.econbiz.de/10013105965
In this paper we address the story of developments in general equilibrium theory (GET) in the USSR during the 1970s through the lens of a single biography. The Soviet advances in mathematical economics, only fragmentarily known in the West, give an occasion to reflect on the extension of the...
Persistent link: https://www.econbiz.de/10013086425
During the interwar years in the first half of the twentieth century, Ludwig von Mises emerged as one of the leading economic thinkers in Continental Europe. Though a general economic theorist, Mises's main contributions early in his career were in the field of monetary theory, monetary policy,...
Persistent link: https://www.econbiz.de/10013087266
Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani's famous formalization. Nonetheless, Modigliani neglected Sylos Labini's major aim when reviewing his work (1958),...
Persistent link: https://www.econbiz.de/10013088826
Persistent link: https://www.econbiz.de/10013064242
This paper briefly presents the life of Abram Bergson (Burk). It summarizes its most important contributions to economic theory: microeconomics, welfare economics, comparative economics and sovietology. The role of value judgments in the construction of social indexes or in the comparison of...
Persistent link: https://www.econbiz.de/10013072735
In spite of the use of a utilitarian language in Rational Choice Theory, economists do not acknowledge any link to this current of moral philosophy, and have made great efforts to rid economics from its legacy. In this document we aim at assessing these efforts retracing their history from...
Persistent link: https://www.econbiz.de/10012963134
In spite of the use of a utilitarian language in Rational Choice Theory, economists do not acknowledge any link to this current of moral philosophy, and have made great efforts to rid economics from its legacy. In this document we aim at assessing these efforts retracing their history from...
Persistent link: https://www.econbiz.de/10012964132
This paper revives the seminal work of Jack Kenneth (J.K.) Eastham, an economist from the Dundee School of Economics, who in the 1930s wrote on the theoretical aspects of storable commodity markets. First, we present Eastham's contribution and show that despite using a graphical analysis,...
Persistent link: https://www.econbiz.de/10013150882
We study the effect of a move from joint to individual taxation system using 2,276 couple household living in Luxembourg. We estimate simultaneously labour supply and social assistance (RMG) participation, exploiting a discrete choice model. We focus on the distributional, work (extensive and...
Persistent link: https://www.econbiz.de/10012834977