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

Language: English

Published by Routledge, 2006

0415494117 / 9780415494113

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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. However, in more recent times, a large group of economists have begun to insert social and moral variables into standard models based on the rational choice paradigm, following the increasing interest - on the part of firms - in the possible positive effects of adopting ethical codes. In this key new text Guglielmo Davanzati studies this burgeoning view that ethics and economics can be compatible. Does 'morality' affect income distribution And, if so, what are the effects of the widespread adoption of ethical codes on the functioning of the labour market Central to Davanzati's efforts is the thesis that the roots of these new developments can be traced back to the pioneering work of Thorstein Veblen and John Bates Clark. Utilizing their contrasting works, Davanzati's text illuminates the propagation of ethical codes within the two opposing frameworks i.e. the neoclassical and the institutional. Davanzati's important book will be an invaluable reference for readers interested in history of economic thought, economics and moral philosophy.…

Seller Inventory # 9780415494113

Title
Ethical Codes and Income Distribution : A Study of John Bates Clark and Thorstein Veblen
Author
Guglielmo Forges Davanzati
Publisher
Routledge
Publication year
2006
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
0415494117
ISBN 13
9780415494113
Item weight
248 grams
Dimensions
229x152x9 mm

AHA-BUCH GmbH

Einbeck, Germany

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