Ethical codes and income distribution : a study of John Bates Clark and Thorstein Veblen / / Guglielmo Forges Davanzati.
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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| Superior document: | Routledge Studies in the History of Economics |
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| Year of Publication: | 2006 |
| Language: | English |
| Series: | Routledge Studies in the History of Economics
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| Physical Description: | 1 online resource (161 p.) |
| Notes: | Description based upon print version of record. |
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| 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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| Bibliography: | Includes bibliographical references and indexes. |
| ISBN: | 1134215843 1280506148 9786610506149 0203016793 |
| Hierarchical level: | Monograph |
| Statement of Responsibility: | Guglielmo Forges Davanzati. |