Ethical codes and income distribution : a study of John Bates Clark and Thorstein Veblen /
In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pic...
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| Format: | eBook |
| Language: | English |
| Published: |
New York, NY :
Routledge,
2006.
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| Series: | Routledge studies in the history of economics ;
79. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pictured as working in an institutional vacuum and where social and historical variables play no role. However, in more recent times, a large group of economists have begun to insert social and moral variables into standard models based on the rational choice paradigm, following the increasing inter. |
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| Physical Description: | 1 online resource (xvi, 144 pages) |
| Bibliography: | Includes bibliographical references and indexes. |
| ISBN: | 0203016793 9780203016794 9781134215843 1134215843 9786610506149 6610506140 9780415365390 0415365392 9781134215805 1134215800 9781134215850 1134215851 |