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Now showing items 31-39 of 39
Adam Smith on labour and value: challenging the standard interpretation
(2006)
This paper has two parts. In the first I critically analyze Smith’s refutation of the labor theory of value in book I, chapter 6 of his “Wealth of Nations”. My thesis is that Smith’s refutation is unsound and that Ricardo ...
The Ohlin-Keynes Debate on the German Interwar Reparations Revisited
(2008)
This paper analyzes the debate between Ohlin and Keynes on the question as to whether Germany was able to make the payments specified in the Dawes Plan. Keynes argued that Germany was able to collect the money but unable ...
Choice of Flexible Production Technologies Under Strategic Delegation
(2004-09)
This work analyzes a managerial delegation model in which firms can choose between a flexible production technology which allows them to produce two different products and a dedicated production technology which limits ...
Mas-Colell, Whinston and Green Versus Scitovsky on Profit and Utility Maximization
(2005)
I contrast the theoretical foundation of profit maximization of Mas-Colell, Whinston and Green’s “Microeconomics” against that provided by Scitovsky in a paper of 1943. Whereas Mas-Colell, Whinston and Green try to show ...
Cost-Saving production technologies and strategic delegation
(2004-02)
This work analyzes a managerial delegation model in which firms that produce a differentiated good can choose between two production technologies: a low marginal cost technology and a high marginal cost technology. For ...
An Approach to the stability of international environmental agreements: the absorbing sets solution
(2003-12)
We study international environmental negotiations when agreements between countries can not be binding. A problem with this kind of negotiations is that countries have incentives for free-riding from such agreements. We ...
Profit and Cost in "Modern" Post-Marxian Profit Theory: A Case Study from Varian's "Intermediate Microeconomics"
(2003-09)
In this paper, I examine the treatment of competitive profit of professor Varian in his
textbook on Microeconomics, as a representative of the “modern” post-Marxian view on competitive profit. I show how, on the one hand, ...
A Fundamental Contradiction in Standard Rent Theory: A Case Study on Varian's "Intermediate Microeconomics"
(2004)
In this paper, I examine Varian’s treatment of rent in his textbook on Microeconomics. I argue that he holds contradictory conceptions: sometimes rent is defined as surplus over cost whereas sometimes it is defined as cost, ...
Profit as Cost versus Profit as Surplus over Cost: A Case Study on Varian's "Intermediate Microeconomics"
(UPV/EHU. Departamento de Fundamentos del Análisis Económico I/Ekonomi Analisiaren Oinarriak I Saila, 2004-12)
On the analysis of Varian’s textbook on Microeconomics, which I take to be a
representative of the standard view, I argue that Varian provides two contrary notions of profit, namely, profit as surplus over cost and profit ...