Essays in the theory of economic growth

By:

Robinson, Joan

Material type: Text

TextPublication details: London; Macmillan; 1962Description: 136 pSubject(s):

Economics

DDC classification:

339.2 ROB

Summary: 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.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	339.2 ROB (Browse shelf(Opens below))	Available		35378

Total holds: 0

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.

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