The articles in this volume, originally published in a variety of journals between 1890 and 1937, deal with the themes of the distribution of income and welfare. Highlighting the contribution which Hobson made to welfare economics and the way in which he distanced himself from his more orthodox contemporaries in interpretation, the articles also show the changes in Hobson’s views over the decades in which they were written. This is a fascinating collection of material that provides an unparalleled depth of insight into the views of one of the most important economic thinkers of the early twentieth century.
Table of Contents
Introduction; References; 1. The Law of the Three Rents 2. The Element of Monopoly in Prices 3. The Subjective and the Objective View of Distribution 4. Human Cost and Utility 5. The Indictment of Current Political Economy 6. The Economics of Bargaining 7. Marginal Units in the Theory of Distribution 8. Marginal Productivity. A Reply to Criticism 9. How is Wealth to be Valued? 10. Ruskin as Political Economist 11. Neo-Classical Economics in Britain 12. Economic Art and Human Welfare 13. The Economics of Thorstein Veblen