1st Edition

Ethical Codes and Income Distribution A Study of John Bates Clark and Thorstein Veblen

By Guglielmo Forges Davanzati Copyright 2006
160 Pages 1 B/W Illustrations
by Routledge

164 Pages
by Routledge

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.... Read more

Preface  1. The Genesis and the Spread of Ethical Codes 2. John Bates Clark  3. Thorstein Veblen 4. Ethical Codes and Income Distribution in the Neoclassical and Institutional Frameworks.  Bibliography.  Indexes

Biography

Davanzati, Guglielmo Forges