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Ethical Codes and Income Distribution
A Study of John Bates Clark and Thorstein Veblen
Series: Routledge Studies in the History of Economics
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...
Published September 6th 2009 by Routledge