Ethical codes and income distribution : a study of John Bates Clark and Thorstein Veblen / / Guglielmo Forges Davanzati.

• Superior document: Routledge Studies in the History of Economics
• Author: Forges Davanzati, Guglielmo, 1967-
• Year of Publication: 2006
• Language: English
• Series: Routledge Studies in the History of Economics
• Physical Description: 1 online resource (161 p.)
• Notes: Description based upon print version of record.

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

Table of Contents

Book Cover; Half-Title; Series-Title; Title; Copyright; Dedication; Contents; Preface; Acknowledgements; Outline of the book; 1 The genesis and the spread of ethical codes: The inside-the market versus the outside-the-market approach; 2 John bates clark: Moral norms and the labour market in neoclassical economics; 3 Thorstein veblen: The institutionalist approach to income distribution and ethical codes; 4 Ethical codes and income distribution in the neoclassical and institutionalist theoretical frameworks; Conclusions; Notes; Bibliography; Index