Items related to The Two-Sector Model of General Equilibrium (Harry...

The Two-Sector Model of General Equilibrium (Harry G. Johnson on Trade Strategy & Economic Policy) - Hardcover

Book 4 of 4: Harry G. Johnson on Trade Strategy & Economic Policy

Johnson, Harry G.

 
9781032050034: The Two-Sector Model of General Equilibrium (Harry G. Johnson on Trade Strategy & Economic Policy)
Hardcover
ISBN 10: 1032050039 ISBN 13: 9781032050034
Publisher: Routledge, 2021

Synopsis

Originally published in 1971, this book presents in a lucid form the basic model of distribution in a two-sector general equilibrium system. While this model has been used by many economists, this was the first synoptic exposition of it to become readily available to students. The first part develops the two-sector model and its properties, using the geometrical tools of international trade theory. The second applies the model to some standard problems in the theory of income distribution, including the economics of redistributive taxes and subsidies, of trade union organization, and of minimum wage laws. The third part converts the model into a growth model and develops the conditions for convergence on a steady-state growth path and for the maximization of consumption per head at all points of time.

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About the Author

Harry G. Johnson was Professor of Economics at the University of Chicago.

"About this title" may belong to another edition of this title.

Publisher
Routledge
Publication date
2021
Language
English
ISBN 10 
1032050039
ISBN 13 
9781032050034
Binding
Hardcover
Edition number
1
Number of pages
120