The Resource A critique of orthodox economics : an alternative model, Harold Lydall

A critique of orthodox economics : an alternative model, Harold Lydall

Label
A critique of orthodox economics : an alternative model
Title
A critique of orthodox economics
Title remainder
an alternative model
Statement of responsibility
Harold Lydall
Creator
Subject
Language
eng
Summary
  • Modern neoclassical economics is a theory of general equilibrium, based on assumptions of perfect competition, perfect knowledge of existing technology, and timeless - staticadjustment. Although useful for some purposes, this theory suffers from serious defects, both in its assumptions and in its predictions. Its fundamental weakness is that it eliminates any role for the entrepreneur
  • In the alternative model presented in this book there is perfect competition in parts of primary industry, but not in the markets for most manufactures and services, nor in the supply of finance. Technology is much wider than in the standard concept of the production function, covering all aspects of organisation, including methods of efficient large-scale operation. Because both the acquisition of better technology and the accumulation of finance for expansion take time, smaller firms are, on the average, less profitable than larger firms. This accounts for the growth in the size of firms, for the rise in the general level of technology, productivity and real wages, and for many other well-known phenomena
  • The model provides a key to the problems of economic development of poor countries and of unemployment in rich countries
Cataloging source
DLC
http://library.link/vocab/creatorName
Lydall, Harold
Illustrations
illustrations
Index
index present
LC call number
HB171
LC item number
.L93 1998
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Economics
  • Economics
  • Neoclassical school of economics
  • Economics
  • Economics
  • Neoclassical school of economics
  • Économie politique
  • Économie politique
  • École néo-classique d'économie politique
  • Economie politique
  • Ecole néo-classique d'économie politique
  • Economie politique
Label
A critique of orthodox economics : an alternative model, Harold Lydall
Instantiates
Publication
Note
"First published in Great Britain 1998 by MacmillanPress"--T.p. verso
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Production versus speculation
  • Narrow versus wide technology
  • Public versus private technology
  • The neoclassical concept of technology
  • Some major flaws in the theory
  • The Entrepreneur
  • The entrepreneur as marketer
  • The entrepreneur as innovator
  • The entrepreneur as uncertainty-bearer
  • The Innovating Firm
  • The Causes of Economic Growth
  • The neoclassical theory of the firm
  • An alternative theory
  • The growth and decline of firms
  • The size distribution of firms
  • Changes in total supply
  • Is there an equilibrium of marginal cost?
  • The earnings of technological superiority
  • Product Differentiation
  • The demand for differentiated products
  • The basic flaw in Chamberlin's model
  • Neoclassical Theory
  • Rational behaviour in a product-differentiated market
  • The position of the price ceiling
  • The short-run behaviour of a product-differentiated firm
  • Aggregate Analysis
  • The relation between size of firm and the profit margin
  • The net profit margin
  • The effects of technological progress
  • Two theories of income shares
  • The effects of changes in aggregate demand
  • The Employment Limit
  • Basic assumptions of neoclassical theory
  • Defects in the neoclassical model
  • The Keynesian model
  • An alternative approach
  • United States experience
  • The basic ingredients of a constructive policy for employment
  • Economic Development
  • Marshallian theory
  • Walrasian theory
  • Attempts to solve the general equilibrium problem
  • The exclusion of the entrepreneur
  • Technology
Dimensions
23 cm
Extent
xii, 190 pages
Isbn
9780312211431
Isbn Type
(cloth)
Lccn
97038377
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)37705269
  • (OCoLC)ocm37705269
Label
A critique of orthodox economics : an alternative model, Harold Lydall
Publication
Note
"First published in Great Britain 1998 by MacmillanPress"--T.p. verso
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Production versus speculation
  • Narrow versus wide technology
  • Public versus private technology
  • The neoclassical concept of technology
  • Some major flaws in the theory
  • The Entrepreneur
  • The entrepreneur as marketer
  • The entrepreneur as innovator
  • The entrepreneur as uncertainty-bearer
  • The Innovating Firm
  • The Causes of Economic Growth
  • The neoclassical theory of the firm
  • An alternative theory
  • The growth and decline of firms
  • The size distribution of firms
  • Changes in total supply
  • Is there an equilibrium of marginal cost?
  • The earnings of technological superiority
  • Product Differentiation
  • The demand for differentiated products
  • The basic flaw in Chamberlin's model
  • Neoclassical Theory
  • Rational behaviour in a product-differentiated market
  • The position of the price ceiling
  • The short-run behaviour of a product-differentiated firm
  • Aggregate Analysis
  • The relation between size of firm and the profit margin
  • The net profit margin
  • The effects of technological progress
  • Two theories of income shares
  • The effects of changes in aggregate demand
  • The Employment Limit
  • Basic assumptions of neoclassical theory
  • Defects in the neoclassical model
  • The Keynesian model
  • An alternative approach
  • United States experience
  • The basic ingredients of a constructive policy for employment
  • Economic Development
  • Marshallian theory
  • Walrasian theory
  • Attempts to solve the general equilibrium problem
  • The exclusion of the entrepreneur
  • Technology
Dimensions
23 cm
Extent
xii, 190 pages
Isbn
9780312211431
Isbn Type
(cloth)
Lccn
97038377
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)37705269
  • (OCoLC)ocm37705269

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