This book deals with the current crises from a somewhat different the usual perspectives. It claims that causes and policy implications of these crises cannot be properly assessed by focusing on allocative efficiency or income growth alone; it requires a more general approach, based on social costs. It does not deal with social costs according to the Pigouvian or the Coasian traditions. It draws on the work of Original Institutional Economics (OIE) such as Thorstein Veblen, Karl William Kapp, and Karl Polanyi, on Post-Keynesians such as Hyman Minsky and, in general, on authors who have provided insights beyond the conventional wisdom of economic thought.Consider, for instance, the easily overlooked few lines of legalese found in the safety manual for Applea#39;s iPhone4: When using ... The safety manual for Research in Motiona#39;s Blackberry 9000 phone tells users that: a#39;[they] may violate Federalanbsp;...
|Title||:||Social Costs Today|
|Author||:||Wolfram Elsner, Pietro Frigato, Paolo Ramazzotti|
|Publisher||:||Routledge - 2012-06-25|