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The Origin of Minimum Wage Determination in Australia: The Political and Legal Institutions

Bayari, Celal - 2012

This paper discusses the establishment of the minimum wage determination process in the early twentieth century Australia, following the institutionalisation of compulsory industrial arbitration between capital and labour. This process led to the 1907 Harvester judgment whereby the Common-...

Persistent link: https://www.econbiz.de/10015215086

Today’s Problems: In The Minds of The Great Economists

Obregon, Carlos - 2021

models in Welfare Economics, General Equilibrium Theory, Information Economics and Game Theory have created the necessity to … integrate the neoclassical theory of free markets and the insti-tutional theory. It argues that while the main goal of economics … capitalism. But they do not happen in a vacuum, institutions are required. It argues that the future of economic theory and …

Persistent link: https://www.econbiz.de/10015214334

Schumpeter's paradox reconsidered: The need for a theory of circular flow

Seo, Takashi - 2021

This study focuses on the well-known theme of Schumpeter’s system of economic theory. Specifically, the study discusses … Schumpeter’s paradoxical stance on Walras’ general equilibrium theory, which Louçã (1997) called Schumpeter’s paradox. We … reconsider the significance of the notion of circular flow in business cycle theory, after recognising the continuity from static …

Persistent link: https://www.econbiz.de/10015238185

Can Great Depression Theories Explain the Great Recession?

Schlenkhoff, Georg - 2009

The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of...

Persistent link: https://www.econbiz.de/10015219881

Labour-centred Politics and Judicial Institutionalisation: The Lineaments of an Early Proto-Regulatory State Model in Australia

Bayari, Celal - 2014

Australia, since the early 1980s, has been a leading advocate and practitioner of the neo-liberal economic model, also known as the Anglo-Saxon (or Anglo-American) model due to its geographical origins in the UK and the US, and its subsequent ascendancy in Australia, New Zealand and Canada,...

Persistent link: https://www.econbiz.de/10015215085

El capital en el siglo XXI de Thomas Piketty

Estrada, Fernando - 2014

This review of the book by Thomas Piketty, the capital in the XXI century, presents the central themes of the work and exposes its scope on the relationship between inequality and wealth. In particular a positive reflections on the progressive tax is added.

Persistent link: https://www.econbiz.de/10015245417

Thomas Piketty’s Capital in the 21st Century

Estrada, Fernando - 2014

This review of the book by Thomas Piketty, The capital in the XXI century, presents the central themes of the work and exposes its scope on the relationship between inequality and wealth. In particular a positive reflections on the progressive tax is added.

Persistent link: https://www.econbiz.de/10015245429

The ‘Coase Theorem’ vs. Coase theorem proper: How an error emerged and why it remained uncorrected so long

Yalcintas, Altug - 2010

, The Theory of Price. Even almost 50 years after the publication of Coase’s original article, the consequence of the …

Persistent link: https://www.econbiz.de/10015231383

On Schumpeter’s 'The Past and Future of Social Sciences'. A Schumpeterian Theory of Scientific Development?

Lucarelli, Stefano; Baron, Hervé - 2014

Schumpeterian theory of scientific development? Subsequently: is Vergangenheit und Zukunft only «a brief outline of what first …

Persistent link: https://www.econbiz.de/10015245283

An Explanation to Individual Knowledge and Behavior Based on Empirical Substrates

Zhao, Liang; Zhu, Xian Chen - 2008

Using recent findings from modern empirical disciplines and mainly building on F.A.Hayek’s thoughts, the paper gives a definition of knowledge in accord with the Austrian School’s tradition, and basing on the definition, it sums up three behavior assumptions and a framework on explaining...

Persistent link: https://www.econbiz.de/10015249976