By Giuseppe Freni, Heinz D. Kurz, Andrea Mario Lavezzi, Rodolfo Signorino
This assortment brings jointly major economists from worldwide to discover key matters in financial research and the background of financial suggestion. This e-book offers with very important subject matters in economics by way of an procedure that has its roots within the works of the classical economists from Adam Smith to David Ricardo. The chapters were encouraged by means of the paintings of Neri Salvadori, who has made key contributions in numerous parts together with the idea of construction, the idea of price and distribution, the speculation of monetary development, in addition to the speculation of renewable and deplorable average assets.
The major topics during this publication comprise construction, worth and distribution; endogenous monetary development; renewable and exhaustible traditional assets; capital and earnings; oligopolistic pageant; potent call for and skill usage; monetary rules; and topics within the background of monetary research. numerous of the contributions are heavily concerning the works of Neri Salvadori. this is often confirmed with admire to big modern subject matters together with the assets of monetary progress, the position of exhaustible assets in fiscal improvement, the relief and disposal of waste, the redistribution of source of revenue and wealth, and the law of an inherently volatile monetary quarter.
All contributions are fresh, unique and concise, written by way of prime exponents of their box of workmanship. jointly this quantity represents a useful contribution to monetary research and the background of financial concept. This booklet is appropriate in the event you examine financial thought and its heritage, political financial system in addition to philosophy.
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Additional resources for Economic Theory and its History
This book deals with important themes in economics in terms of an approach that has its roots in the works of the classical economists from Adam Smith to David Ricardo. The chapters have been inspired by the work of Neri Salvadori, who has made key contributions in various areas including the theory of production, the theory of value and distribution, the theory of economic growth, as well as the theory of renewable and exhaustible natural resources. The main themes in this book include production, value and distribution; endogenous economic growth; renewable and exhaustible natural resources; capital and profits; oligopolistic competition; effective demand and capacity utilization; financial regulation; and themes in the history of economic analysis.
I called the office of the Press in New York and was put through to the copyeditor. He told me ruefully that he had two manuscripts in his possession, but had not known which was the final one. He erroneously took the wrong one for it. ’ ‘You succeeded’, I replied. The entire work had to be done anew. Theory of Production: A Long-Period Analysis was eventually published in early 1995. ’ We cannot confirm this judgment. Despite the hardship we encountered in finishing the manuscript, our collaboration was a continuous source of pleasure and excitement.
The results achieved suggest also that positioning can be strategically used for generating kinks in demand and, therefore, collusion. Chapter 21, by Simone d’Alessandro and Luciano Fanti, analyses a vertically integrated industry with a monopolistic upstream firm and two downstream firms choosing for strategic reasons then competing à la Bertrand in the final product market with differentiated products. It is shown that the common wisdom according to which (i) the profit of the monopolistic supplier is higher when it is price-discriminating, and (ii) consumers’ surplus and social welfare are higher when it is non-price-discriminating, is always contradicted.
Economic Theory and its History by Giuseppe Freni, Heinz D. Kurz, Andrea Mario Lavezzi, Rodolfo Signorino