Showing 81 - 90 of 723,581
Standard monopsony theory, old and new, lacks a realistic criterion to distinguish between monopsony and competitive … the elasticity of the demand schedules for their products, can be altered as a result of coercion, lead to a theory of …
Persistent link: https://www.econbiz.de/10012956999
This article addresses the question of whether sanctions constitute violence in the broad sense of that term, and whether, and under what conditions, sanctions can be justified. The sanctions imposed against Iraq and Cuba are discussed as case studies and several ethical theories are applied to...
Persistent link: https://www.econbiz.de/10013054135
, in his attempts to combat the concepts strongly promoted in the economic theory by the socialist doctrine. The second …
Persistent link: https://www.econbiz.de/10010685496
Persistent link: https://www.econbiz.de/10014384663
three fathers of marginal utility theory, and Karl Menger, whose Vienna Mathematical Colloquium was crucial to the …
Persistent link: https://www.econbiz.de/10011949657
Austrian theory of capital and its consequences on equilibrium analysis. Design/methodology/approach - The author approaches … - The integration of capital theory into a business cycle theory by the Austrians and its shortcomings - e.g. criticized by … Keynes' The General Theory of Employment, Interest, and Money (1936). In addition, it was pivotal to Hayek's reformulation of …
Persistent link: https://www.econbiz.de/10014418096
According to the neoclassical economic theory, common goods would be underproduced by the market in the absence of a …
Persistent link: https://www.econbiz.de/10013058908
Persistent link: https://www.econbiz.de/10011333110
of political economy — or public choice theory — as developed by James Buchanan and Gordon Tullock; and the ordo …
Persistent link: https://www.econbiz.de/10012953094
Hayek's evolving thought on gold and the gold standard is complex and, at times, confusing. Hayek initially supported the gold standard and paid special attention to those nations whose central banking policies he viewed as relatively loose. Early on he viewed attempts at stabilization of...
Persistent link: https://www.econbiz.de/10012900623