Titlebook: Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Pol; Morris Altman Book 1996 Springer Sci

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泛滥

Human Agency as a Determinant of Material Welfare,ust better incorporate human agency as a true determinant of society’s material well-being. In order to do so, it becomes necessary to assume that economic agents can choose to behave in a manner consistent with either optimal and suboptimal economic results.

两栖动物

The Economics of Exogenous Increases in Wage Rates in a Behavioral/X-Efficiency Model of the Firm,ation and unions must be maximizing output per unit of labor input, or as Harvey Leibenstein puts it, firms must be operating x-efficiently. Leibenstein’s general x-efficiency theory suggests, however, that as a rule, labor productivity in the firm is not maximized; therefore, the firm generally tends to produce x-inefficiently..

Optometrist

Book 1996ecepts include the affirmation that low wages aremore beneficial that high wages to the process of growth anddevelopment; convergence in terms of output per person is just amatter of time; minimum wage laws and trade unions negatively impacton the economy as a whole; pay inequality due to labor mark

戏法

Introduction: Wrestling with the Neoclassical Colossus,e the thinking of economists, particularly those in North America. The massive body of neoclassical theory economists have access to serves to shape the theoretical and empirical questions they ask and, as well, structures how they and even society in general think about public policy. Neoclassical

sphincter

modifier

Interfirm, Interregional, and International Differences in Labor Productivity: Variations in the Lecapital-labor ratios, differences in the quality of labor and capital, and differences in the quality and quantity of investments in human capital.. Richard R. Nelson (1968, 1984) broke with this tradition by arguing that differences in the technologies employed by firms at a given point in time sho

vasculitis

High and Low Wage Paths to Economic Growth: A Behavioral Model of Endogenous Economic Growth,cts economies to converge to like levels of real per capita gross domestic product (GDP) with like mean factor prices of which the wage rate is, of course, one. So, according to conventional economic thinking, there can be no such thing as a high wage path to economic growth and development, since c

确定无疑

The Economics of Exogenous Increases in Wage Rates in a Behavioral/X-Efficiency Model of the Firm, exist with lower real wage rates.. Thus, exogenous interventions in the labor market which serve to increase real wage rates, such as effective minimum wage legislation and effective unionization, are said to have deleterious effects on the economy. Underlying these dominant theoretical proposition

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