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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Bibliographic Details
Main Author: Forges Davanzati, Guglielmo 1967- (Author)
Format: Electronic eBook
Language:English
Published: London ; New York Routledge 2006
Series:Routledge Studies in the History of Economics
Subjects:
Online Access:Volltext
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
Physical Description:1 Online-Ressource
ISBN:0203016793
0415365392
1134215843
1134215851
1280506148
6610506140
9780203016794
9780415365390
9781134215843
9781134215850
9781280506147
9786610506149
Access:Open Access

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