Download e-book for kindle: Economic Theory and Economic Thought: Essays in Honour of by Paul A. Samuelson, Heinz D. Kurz, John Vint, J. Stanley

By Paul A. Samuelson, Heinz D. Kurz, John Vint, J. Stanley Metcalfe, Neri Salvadori

ISBN-10: 0415465117

ISBN-13: 9780415465113

John Vint, J. Stanley Metcalfe, Heinz D. Kurz, Neri Salvadori, Paul A. Samuelson (eds.)

This assortment includes broad ranging contributions from distinct gurus in economics, reflecting on Ian Steedman's paintings on time, overseas exchange, capital conception and costs and development and distribution.

Ian Steedman is recognized across the world as one of many best monetary theorists of his time and has made significant contributions to the improvement of monetary conception and monetary idea, as substantiated via his paintings on Marx, Sraffa, Marshall, Jevons and Wicksteed. His contributions to financial conception contain his paintings on time, overseas exchange, capital idea and progress and distribution. This assortment displays the huge ranging pursuits of Ian Steedman and is a tribute to his remarkable contributions.

This edited assortment brings jointly twenty new essays by means of distinctive economists from around the globe. The papers disguise a variety of subject matters together with; foreign alternate – a space during which Steedman has made major contributions; Sraffa, the background of monetary proposal and theoretical papers – together with Faustian brokers and marketplace failure in waste production.

The essays during this publication can be a useful resource for economists drawn to fiscal conception or within the evolution of financial inspiration. it's going to even be of curiosity to postgraduate and examine scholars in monetary idea and the background of financial thought.

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Extra info for Economic Theory and Economic Thought: Essays in Honour of Ian Steedman (Routledge Studies in the History of Economics)

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An exchange of this sort is often called a benefit. Benefits are not exploitations. But benefits are, of course, only one kind of exchange. 5 Now imagine an exchange where, in transferring that labour to Blue, Red is not altruistically motivated. Suppose, rather, that Red wishes to secure as much in return for her week’s labour as she can obtain, and Blue similarly wishes to transfer as little as is necessary to acquire that labour. That is, imagine a standard commercial transaction. One kind of exchange Blue can have with Red would involve his transferring goods or services to her that are worth as much as her labour.

Arnold C. Harberger, ‘Neutral taxation’, in John Eatwell, Murray Milgate and Peter Newman (eds), The New Palgrave: A Dictionary of Economics (London and New York: Macmillan, 1987), vol.  645–47: the issue of uniform versus Ramsey-­rule taxation may turn out to be just one facet of much broader philosophical differences. Consider the philosophy of government that assigns to government the role of creating a framework of laws and regulations within which the private sector then is encouraged to operate freely.

Schor (1991, pp. 88–90) has argued that the availability of some consumer durables such as washing machines and vacuum cleaners has changed social norms about the level of cleanliness acceptable to consumers. For instance, when clothes had to be washed by hand, consumers were content to wash their clothes after wearing them several times, whereas the availability of washing machines makes them want to wash them after every wearing in order to appear clean in public. To the extent that standards of cleanliness are relative depending on what others take to be clean, the availability of new consumer goods may not save time.

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Economic Theory and Economic Thought: Essays in Honour of Ian Steedman (Routledge Studies in the History of Economics) by Paul A. Samuelson, Heinz D. Kurz, John Vint, J. Stanley Metcalfe, Neri Salvadori

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