Essays in the theory of economic growth
Robinson, Joan.
Essays in the theory of economic growth - London Macmillan 1962 - 136 p.
The traditional teaching that goes under the title of the theory of Value and Distribution does not depict a single system of prices; it consists of a variety of systems, each appropriate to the model of a different kind of economy.
The models can be divided into two broad classes, with a variety of intermediate types combining elements of each. In one class the main emphasis is on a vertical division between groups of producers with different endowments of factors suited (by quality or by the proportions in which they exist) to the production of different commodities. In the other, the emphasis is upon a horizontal division between the classes of society.
The problem is discussed in this paper in terms of a closed system with no economic activity of public authorities.
Economics
339.2 ROB
Essays in the theory of economic growth - London Macmillan 1962 - 136 p.
The traditional teaching that goes under the title of the theory of Value and Distribution does not depict a single system of prices; it consists of a variety of systems, each appropriate to the model of a different kind of economy.
The models can be divided into two broad classes, with a variety of intermediate types combining elements of each. In one class the main emphasis is on a vertical division between groups of producers with different endowments of factors suited (by quality or by the proportions in which they exist) to the production of different commodities. In the other, the emphasis is upon a horizontal division between the classes of society.
The problem is discussed in this paper in terms of a closed system with no economic activity of public authorities.
Economics
339.2 ROB