E. Mishan

Introduction to Political Economy (Routledge Revivals) (eBook, ePUB)

• Format: ePub

Produktbeschreibung

First published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world's leading authorities on the subject.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 272
• Erscheinungstermin: 13. Mai 2013
• Englisch
• ISBN-13: 9781136586446
• Artikelnr.: 39267333

Autorenporträt

E. Mishan

Inhaltsangabe

Part One: The agenda of the political economy  1. Introductory
observations  2. The resistance to a prescriptive economics  3. The nature
of the economist's efficiency criterion  4. The rationale of the
economist's efficiency criterion  5. Things to come: a preview  6. The
basic economic assumptions  Part Two: Allocation within a partial economic
context  7. Uses and limitations of a partial economic context  8. The key
concepts of social value and social opportunity cost  9. Consumer surplus:
a measure of welfare change  10. The difficulty of measuring rent  11. The
allocative virtues of a competitive economy  12. Marginal cost pricing  13.
Second best and third best  Part Three: Collective goods and bads  14. Can
the market cope with externalities?  15. Diminishing returns to agriculture
as an instance of externalities  16. Environmental spillovers: what
difference does the law make?  17. Non-environmental spillovers: some
ethical questions  18. Favourable spillovers and collective goods  Part
Four: Resource allocation within a general context  19. Uses of a general
economic context  20. Optimality for the economy  21. What is an efficient
distribution of goods?  22. Economic efficiency: a paradox  23. Pareto
optimality: an empty vessel  24. Resolving the apparent paradox  Part Five:
Sources of economic failure in a technological age  25. Introductory
remarks  26. The folklore of the market 1  27. The folklore of the market 2
 28. Economic expertise in an age of rapid innovation  29. The limits of
abundance: a conservative critique 1  30. The limits of abundance: a
conservative critique 2  31. Concluding remarks