Chapter 14: Externalities, Public Goods, Imperfect
... interfere with B’s consumption of it. The benefits of the good are collective—they accrue to everyone. • A good is nonexcludable if, once produced, no one can be excluded from enjoying its benefits. The good cannot be withheld from those that don’t pay for it. © 2002 Prentice Hall Business Publishin ...
... interfere with B’s consumption of it. The benefits of the good are collective—they accrue to everyone. • A good is nonexcludable if, once produced, no one can be excluded from enjoying its benefits. The good cannot be withheld from those that don’t pay for it. © 2002 Prentice Hall Business Publishin ...
Reconciling behavioural and neoclassical economics - Hal-SHS
... that the paretian homo œconomicus took in modern economics, as the model of a representative individual and of an actual individual, although it was fundamentally designed for the study of human institutions and not human actions. We conclude by stressing the imperative methodological distinction be ...
... that the paretian homo œconomicus took in modern economics, as the model of a representative individual and of an actual individual, although it was fundamentally designed for the study of human institutions and not human actions. We conclude by stressing the imperative methodological distinction be ...
Search for Peace with Justice: Issues Around Conflicts in
... during the summer of 1914 with the hope of returning before Christmas. But the war continued for four years. The aftermath of these two global wars shows how the warring sides are not ready to abandon the conflict till the enemy is vanquished and accepts the humiliating terms that the victor imposes ...
... during the summer of 1914 with the hope of returning before Christmas. But the war continued for four years. The aftermath of these two global wars shows how the warring sides are not ready to abandon the conflict till the enemy is vanquished and accepts the humiliating terms that the victor imposes ...
Introduction to Economics
... between cause and effect. Another attribute of science is that its phenomena should be open to measurement. Applying these characteristics, we find that economics is a branch of knowledge where the various facts relevant to it have been systematically collected, classified and analyzed. Economics in ...
... between cause and effect. Another attribute of science is that its phenomena should be open to measurement. Applying these characteristics, we find that economics is a branch of knowledge where the various facts relevant to it have been systematically collected, classified and analyzed. Economics in ...
Interpreting Sustainability in Economic Terms
... this note, we suggest that a broadly-accepted and normatively useful notion of sustainability can be better understood by breaking it into two components, both of which are well defined in economics: dynamic efficiency and intergenerational equity. Within this realm, there are sound reasons for econ ...
... this note, we suggest that a broadly-accepted and normatively useful notion of sustainability can be better understood by breaking it into two components, both of which are well defined in economics: dynamic efficiency and intergenerational equity. Within this realm, there are sound reasons for econ ...
The Imperial Peace: Democracy, Force and Globalization
... surface. Much recent discussion of ‘globalization’ emphasizes the myriad ways in which ‘the world is becoming one place’ and typically constructs it as a post-World War II phenomenon (e.g. Giddens, 1990; Robertson, 1992). The presentist bias evident in this work overlooks the different forms taken b ...
... surface. Much recent discussion of ‘globalization’ emphasizes the myriad ways in which ‘the world is becoming one place’ and typically constructs it as a post-World War II phenomenon (e.g. Giddens, 1990; Robertson, 1992). The presentist bias evident in this work overlooks the different forms taken b ...
Working Paper - Tufts University
... Some feminists have recently explored the phenomena of emotional work and caring labor (e.g. Susan Himmelweit 1995), noting that these are "undervalued" relative to other activities. My argument is that such undervaluing is not only a matter of social and economic power (though of course it is that, ...
... Some feminists have recently explored the phenomena of emotional work and caring labor (e.g. Susan Himmelweit 1995), noting that these are "undervalued" relative to other activities. My argument is that such undervaluing is not only a matter of social and economic power (though of course it is that, ...
Relating the philosophy and practice of ecological economics: The
... Neumayer, 2003), reflecting the breadth and diversity of ideas about (i) what exactly is the normative content of sustainability and (ii) how exactly can the structure and functioning of ecological–economic systems be described. The shared consensus in this discussion seems to be that sustainability ...
... Neumayer, 2003), reflecting the breadth and diversity of ideas about (i) what exactly is the normative content of sustainability and (ii) how exactly can the structure and functioning of ecological–economic systems be described. The shared consensus in this discussion seems to be that sustainability ...
Redesigning Money to Curb Globalization: Can We
... with sustainability ought to be how to respond to the problems posed by Nicholas Georgescu-Roegen’s (1971) observations, while avoiding the pitfall of advocating a materialist theory of value. In view of the problems confronted by attempts to derive the economic from the biophysical, it is understan ...
... with sustainability ought to be how to respond to the problems posed by Nicholas Georgescu-Roegen’s (1971) observations, while avoiding the pitfall of advocating a materialist theory of value. In view of the problems confronted by attempts to derive the economic from the biophysical, it is understan ...
Inventing Imaginary Societies
... monopolised by economists who defined it solely as ‘economic interest’ (Swedberg 2004). In other words, there is a significant historical continuity from Adam Smith’s classical economics of the early 19th century to contemporary mainstream economics. The sources used in this section are Smith (1776) ...
... monopolised by economists who defined it solely as ‘economic interest’ (Swedberg 2004). In other words, there is a significant historical continuity from Adam Smith’s classical economics of the early 19th century to contemporary mainstream economics. The sources used in this section are Smith (1776) ...
Two Responses to the Failings of Modern Economics: the
... serious problem now facing economic theorists. The feeling among many of us can be summarized as follows. Economic theory should deal with the real world. It is not a branch of abstract mathematics even though it utilises abstract tools. Since it is about the real world, people expect the theory to ...
... serious problem now facing economic theorists. The feeling among many of us can be summarized as follows. Economic theory should deal with the real world. It is not a branch of abstract mathematics even though it utilises abstract tools. Since it is about the real world, people expect the theory to ...
A Catholic Critique of Law and Economics
... “fairness” or, presumably, any other value extrinsic to the individuals’ preferences.9 When being prescriptive, law and economics is prescriptive only its own terms - - maximization of social welfare conceived of as the aggregation of individual utility maximizations10 - - and not through the appli ...
... “fairness” or, presumably, any other value extrinsic to the individuals’ preferences.9 When being prescriptive, law and economics is prescriptive only its own terms - - maximization of social welfare conceived of as the aggregation of individual utility maximizations10 - - and not through the appli ...
Post-Ricardian British Economics, 1830-18701
... John Ruskin, Charles Dickens, and Charles Kingsley) whose explanation for the observed heterogeneity of custom and behavior was race. In our period, the notion of “race” is rather ill-defined, but the argument played out both in terms of the Irish and the former slaves in Jamaica (Curtis 1997). In ...
... John Ruskin, Charles Dickens, and Charles Kingsley) whose explanation for the observed heterogeneity of custom and behavior was race. In our period, the notion of “race” is rather ill-defined, but the argument played out both in terms of the Irish and the former slaves in Jamaica (Curtis 1997). In ...
A Multidisciplinary-economic Framework of Analysis
... develop analyses of real-life economies. We now call their approach Classical Political Economy. Other economists began to develop analyses of real-life economies, placed in their real-life societal context. This approach is now called Classical Sociology3. In the second half of the 19th century, a ...
... develop analyses of real-life economies. We now call their approach Classical Political Economy. Other economists began to develop analyses of real-life economies, placed in their real-life societal context. This approach is now called Classical Sociology3. In the second half of the 19th century, a ...
“Root Causes”
... NGO (LCIP), supported by the American development agency USAID, was responsible for the workshop and the participants comprised what the organizers defined as “community facilitators” from among the two major ethnic groups living in town and the surrounding area. In this case the term „community fac ...
... NGO (LCIP), supported by the American development agency USAID, was responsible for the workshop and the participants comprised what the organizers defined as “community facilitators” from among the two major ethnic groups living in town and the surrounding area. In this case the term „community fac ...
Journal of Economic Issues New Perspectives on Institutionalist
... environment and a certain structure or organization (the collection of relations between the nodes as well as between the nodes and the environment). The latter is a novel and necessary element of any system as well as the source of emergent properties, hence mechanisms. For instance, the degree dis ...
... environment and a certain structure or organization (the collection of relations between the nodes as well as between the nodes and the environment). The latter is a novel and necessary element of any system as well as the source of emergent properties, hence mechanisms. For instance, the degree dis ...
PDF
... and immediately after World War 11. The Post World War II otternpts to formulate and implement international commodityagreements, first under individual commodity protocols and later under the umbrella of the General Agreement in Trade and Tariffs (GATT), reflected another set of concerns arising ou ...
... and immediately after World War 11. The Post World War II otternpts to formulate and implement international commodityagreements, first under individual commodity protocols and later under the umbrella of the General Agreement in Trade and Tariffs (GATT), reflected another set of concerns arising ou ...
1 Introduction to Special Issue on “Disaggregating Civil War” Lars
... (developed in Fearon and Laitin 2003) apply to these selected conflict cases. The intensive analysis of individual conflicts and efforts to compare conflicts more systematically have certainly overcome some of the limitations in previous lessstructured case studies of individual conflicts and helped ...
... (developed in Fearon and Laitin 2003) apply to these selected conflict cases. The intensive analysis of individual conflicts and efforts to compare conflicts more systematically have certainly overcome some of the limitations in previous lessstructured case studies of individual conflicts and helped ...
QJAE 18 no. 2 Summer 2015 Mueller The Missing
... begat John Stuart Mill, who begat Alfred Marshall, who begat Arthur Pigou, who begat John Maynard Keynes, whom Keynesian economists consider the pinnacle of economics. This view began to change radically in 1954, when Joseph Schumpeter’s History of Economic Analysis was published. Schumpeter showed ...
... begat John Stuart Mill, who begat Alfred Marshall, who begat Arthur Pigou, who begat John Maynard Keynes, whom Keynesian economists consider the pinnacle of economics. This view began to change radically in 1954, when Joseph Schumpeter’s History of Economic Analysis was published. Schumpeter showed ...
Monetary peace:
... “The continued expansion of free trade, the increased integration of financial markets and the advent of electronic commerce are all working to bring about the need for an international monetary standard---a global unit of account….An important question is whether this process of monetary evolution ...
... “The continued expansion of free trade, the increased integration of financial markets and the advent of electronic commerce are all working to bring about the need for an international monetary standard---a global unit of account….An important question is whether this process of monetary evolution ...
Vasanthi Bhat Adresses the World Peace
... starting from home to elsewhere. Here I gave emphasis on pranayama, how long exhalations can help relieve mental agitation along with toxins such as carbon dioxide. We must help people who committed crime to forgive themselves. This would prevent them from committing similar crime again. Kiran Bedi ...
... starting from home to elsewhere. Here I gave emphasis on pranayama, how long exhalations can help relieve mental agitation along with toxins such as carbon dioxide. We must help people who committed crime to forgive themselves. This would prevent them from committing similar crime again. Kiran Bedi ...
Walrasian Economics in Retrospect
... theprocess ratherthan simplythe outcomeofexchange per se. This view has always had its critics, of course, from the sociological insights of Thorstein Veblen concerningconspicuous consumption through the attempts of James Duesenberry to explain consumption/savingspatterns in terms of "keeping up wit ...
... theprocess ratherthan simplythe outcomeofexchange per se. This view has always had its critics, of course, from the sociological insights of Thorstein Veblen concerningconspicuous consumption through the attempts of James Duesenberry to explain consumption/savingspatterns in terms of "keeping up wit ...
Articles - Reason Papers
... ECONOMICS AND ETHICS This definition of coercion errs in one and possibly two directions. First, it includes actions that we would not normally think of as coercive, and that are usually regarded as part of market activity. Second, it excludes actions that we would normally think of as coercive, an ...
... ECONOMICS AND ETHICS This definition of coercion errs in one and possibly two directions. First, it includes actions that we would not normally think of as coercive, and that are usually regarded as part of market activity. Second, it excludes actions that we would normally think of as coercive, an ...