Introduction to political economy / E.J. Mishan.

Format:

Book

Author/Creator:

Mishan, E. J. (Edward J.), 1917- author.

Series:

Routledge revivals.

Routledge Revivals

Language:

English

Subjects (All):

Welfare economics.

Physical Description:

1 online resource (272 p.)

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon ; New York, N.Y. : Routledge, 2012.

Language Note:

English

Summary:

First published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world's leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. The author carefully distinguishes the various meanings of the terms political economy, normative economics, welfare economics and allocative economics. He considers the standard allocation rules and the crucial concepts of consumer sur

Contents:

chapter Introduction to Political Economy

chapter Copyright

chapter Contents

part Part One: The agenda of political economy

chapter 1 Introductory observations

chapter 2 The resistance to a prescriptive economics

chapter 3 The nature of the economist's efficiency criterion

chapter 4 The rationale of the economist's efficiency criterion

chapter 5 Things to come: a preview

chapter 6 The basic economic assumptions

part Part Two: Allocation within a partial economic context

chapter 7 Uses and limitations of a partial economic context

chapter 8 The key concepts of social value and social opportunity cost

chapter 9 Consumer surplus: a measure of welfare change

chapter 10 The difficulty of measuring rent

chapter 11 The allocative virtues of a competitive economy

chapter 12 Marginal cost pricing

chapter 13 Second best and third best

part Part Three: Collective goods and bads

chapter 14 Can the market cope with externalities?

chapter 15 Diminishing returns to agriculture as an instance of externalities

chapter 16 Environmental spillovers: what difference does the law make?

chapter 17 Non-environmental spillovers: some ethical questions

chapter 18 Favourable spillovers and collective goods

part Part Four: Resource allocation within a general context

chapter 19 Uses of a general economic context

chapter 20 Optimality for the economy

chapter 21 What is an efficient distribution of goods?

chapter 22 Economic efficiency: a paradox

chapter 23 Pareto optimality: an empty vessel

chapter 24 Resolving the apparent paradox

part Part Five: Sources of economic failure in a technological age

chapter 25 Introductory remarks

chapter 26 The folklore of the market 1

chapter 27 The folklore of the market 2

chapter 28 Economic expertise in an age of rapid innovation

chapter 29 The limits of abundance: a conservative critique 1

chapter 30 The limits of abundance: a conservative critique 2

chapter 31 Concluding remarks.

Notes:

First published London : Hutchinson, 1982.

Includes bibliographical references and index.

Description based on online resource; title from title page (ebrary, viewed May 30, 2013).

ISBN:

1-136-58644-X

0-203-15778-8

1-136-58645-8

9780203157787

OCLC:

844428689