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It is now a commonplace to include a discussion of the Coase theorem in one's intermediate microeconomics textbook, generally in a chapter devoted to externalities or externalities and public goods. But this was not always the case. As the present paper demonstrates, it took nearly two decades...
Persistent link: https://www.econbiz.de/10013049110
Sidney Weintraub (1914-1983) was an American economist who spent most of his career at the University of Pennsylvania. A distinguished economic theorist (and the author's father), he was a co-founder of the Journal of Post Keynesian Economics, and the leading figure in the US in the early years...
Persistent link: https://www.econbiz.de/10013050435
Sidney Weintraub (1914-1983) was an American economist who spent most of his career at the University of Pennsylvania. A distinguished economic theorist (and the author's father), he was a co-founder of the Journal of Post Keynesian Economics, and the leading figure in the US in the early years...
Persistent link: https://www.econbiz.de/10013050445
This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become...
Persistent link: https://www.econbiz.de/10013059028
This paper provides a brief introduction to post-Keynesian economics. Post-Keynesians are sceptical of the usefulness of the equilibrium method, and favour an approach based on path-determined models with, due to the influence of uncertainty on economic decisions, an important role assigned to...
Persistent link: https://www.econbiz.de/10013021720
the European distinction between a “dominant position” and an “abuse” of that position. Using a simple game-theory …
Persistent link: https://www.econbiz.de/10013025540
Friedrich Hayek was a fervent advocate of the methodological specificity of the social sciences. However, given his contact with Karl Popper, several historians and philosophers have characterised his final position as Popperian, that is, a position that would have accepted the unity of the...
Persistent link: https://www.econbiz.de/10012623451
quantitative approaches to the study of economic phenomena. This paper discusses Kondratiev’s project on the general theory of …
Persistent link: https://www.econbiz.de/10012599553
Wicksell (1896) and Lindahl (1919) analyzed the public provision of public goods through parliamentary negotiation. Roemer (2010, 2019) applied Kant’s (1785) categorical imperative to the private provision of public goods by voluntary contributions. They coincide in yielding efficient...
Persistent link: https://www.econbiz.de/10013238319
Keynes’s revolutionary ideas exposed in the General Theory have been "lost in translation". This brief note is an attempt to … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …
Persistent link: https://www.econbiz.de/10013173052