Welfare and Competition: The Economics of a Fully Employed Economy, Volume 7

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Psychology Press, 2003 - Political Science - 457 pages
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Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole.
  

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The authors idea on giving cash subsidy instead of food subsidy is thought provoking. However in economies like India the population being high and becoming higher Food, TV, during important days liquor directly as a product either free or subsidized had made ruling party / Government more stable. This also prevents vagaries of monsoon affecting the mass population and brings stability to government. Modelling such concepts may be interesting 

Contents

CHAPTER PAGE
3
THE MARKET
12
THE PRICE TAKERS BEHAVIOR AND PERFECT COMPETITION
27
CHAPTER PAGE
30
The IncomeConsumption Curve
43
THE CONSUMERS MARKET AND THE NOTION OF ECONOMIC
51
Productive Efficiency and the Size of
70
THE WORKER AND THE EFFICIENCY OF THE LABOR MARKET
83
Land
227
CHAPTER PAGE
247
THE STABILITY OF THE PRICE MAKERS BEHAVIOR
265
THE PROFIT MARGIN
287
THE COST OF PRODUCTION
301
THE CONDITIONS OF FREE COMPETITION
319
THE EFFICIENCY OF FREE COMPETITION
338
RESTRICTED COMPETITION
371

CHAPTER PAGE
109
THE MARKET BEHAVIOR OF
122
The Entrepreneur
142
THE EFFICIENCY OF PRODUCTION
148
The Distinction between Social
181
CAPITAL
189
COMPETITION IN THE UNINFORMED MARKET
398
BARGAINING AND BILATERAL MONOPOLY
414
THE ROLE OF THE STATE
444
INDEX
453
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About the author (2003)

About the Author:
Tibor Scitovsky is Emeritus Professor of Economics at Stanford University.