This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical classics -- Adam Smith's Wealth of Nations, David Ricardo's Principles of Political Economy, Ka…
This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical classics - Adam Smith's Wealth of Nations, David Ricardo's Principles of Political Economy, Kar…
The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product - where ""marginal product"" is defined as the change in total product that is caused by, or that follows, the…
"Why did many emerging countries pursue risky financial opening policies in a reckless manner, even after the painful example of the Latin American debt crisis? Unlike trade liberalization, which has mostly been beneficial in emerging countries, the removal of capital controls h…
"Why did many emerging countries pursue risky financial opening policies in a reckless manner, even after the painful example of the Latin American debt crisis? Unlike trade liberalization, which has mostly been beneficial in emerging countries, the removal of capital controls h…
What is the configuration of institutions and policies most conducive to human flourishing? The historical and comparative evidence from the world's rich democratic countries suggests that the answer is capitalism, a democratic political system, good elementary and secondary sch…
