Titlebook: Economics in a Changing World; Volume 2: Microecono Beth Allen Book 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited 199

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impact on the style and the substance of economic theorizing. If I had been more energetic I would have verified this impact in the Index of Citations. Yet, whatever the latter says, it is bound to be a considerable underestimate of the impact. Often, the sign of the success of a paper is its being

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https://doi.org/10.1007/978-1-4302-0692-7erstanding of the capital structure of firms.. This work has produced some important insights but has not yet delivered a fully coherent theory of optimal capital structure. For example, at present we do not understand very well the distinguishing features of debt and equity or why these claims, as

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Introduction: Black Ethical Life,g with efficient systems of information transfer and incentives. But will problems associated with the former centrally planned economies be resolved if the monolithic, single-peaked, hierarchy of the national planning apparatus is replaced by multiple hierarchies of management and control which wil

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Leonard E. Burnett Jr.,Andrea Hoffmanmportant to understand how patent law performs as an incentive system, and how it could be improved. Perhaps the most convincing investigation into the effectiveness of patent law would be an empirical one. However, an empirical investigation seems unpromising, since patent systems in different coun

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https://doi.org/10.1007/978-1-137-09907-5strial economics started as a distinct field of economics with a series of book-length case studies of particular industries under the impulse of Edward Chamberlin and Edward Mason. The idea was that the profession would learn about imperfectly competitive markets by induction from an accumulation o

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Gladys Lanier Mitchell-Walthourds face a situation where an increase in gross income generates little, if any, increase in net income. Their incomes are ‘taxed’ at the margin at a very high rate while their average tax rate is low, or even negative. Since households headed by lone parents constitute a large proportion of low-inco

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Suppose Everybody Behaved Like That?al. Rousseau (1762) argues similarly in his . when telling the famous stag-hunt tale.. However, Kant (1785) is the most famous pedlar of the fallacy. As his categorical imperative puts it: Act only on the maxim that you would at the same time will to be a universal law.