The Market and the State: Essays in Honour of Adam SmithClarendon Press, 1976 - 359 páginas |
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Página 197
... function ' . I shall leave open the question as to whether this is a ' good ' social welfare function . In practice its pursuit certainly leads to Pareto - inefficient policies . Furthermore , trade intervention , or even long - term ...
... function ' . I shall leave open the question as to whether this is a ' good ' social welfare function . In practice its pursuit certainly leads to Pareto - inefficient policies . Furthermore , trade intervention , or even long - term ...
Página 305
... function and how he would have approached the design of a social welfare function . A person's happiness , so Smith might have argued , would be a function of ( i ) the necessities of life which he consumes , includ- ing some ...
... function and how he would have approached the design of a social welfare function . A person's happiness , so Smith might have argued , would be a function of ( i ) the necessities of life which he consumes , includ- ing some ...
Página 313
... function by which outcomes are evaluated , ( ii ) the distribu- tion of earnings capacity , the results of which are to be adjusted , and ( iii ) the shape of a uniform utility function , maximization of which determines the ...
... function by which outcomes are evaluated , ( ii ) the distribu- tion of earnings capacity , the results of which are to be adjusted , and ( iii ) the shape of a uniform utility function , maximization of which determines the ...
Contenido
Adam Smith and the Industrial | 1 |
Smiths Contribution in Historical Perspective | 44 |
Sympathy and SelfInterest | 73 |
Derechos de autor | |
Otras 15 secciones no mostradas
Términos y frases comunes
Adam Smith aggregate demand agricultural analysis balance of payments banking benefit Britain British Cannan capital cent century changes commodity competition concept consumers costs course defence discussion distribution division of labour economic growth economic thought effects efficiency employment equal Europe exchange exports external factor fiscal free trade function important income increase individual industrial revolution inflation institutions interest investment Josiah Wedgwood labour market less limited London long-run manufactures marginal ment mercantilist modern economists monetary money supply monopoly Moral Sentiments natural liberty output perhaps Political Economy Political Economy Club population production Professor Musgrave profits progress Public Expenditures Public Finance question redistribution restrictions Ricardo rise role sector self-interest share Smithian social social welfare function society sympathy taxation terms of trade Theory of Moral tion tropical utility wages Wealth of Nations Wedgwood welfare economics