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The Resource Macroeconomics, Trade, and Social Welfare

Macroeconomics, Trade, and Social Welfare

Label
Macroeconomics, Trade, and Social Welfare
Title
Macroeconomics, Trade, and Social Welfare
Creator
Subject
Language
eng
Member of
Cataloging source
MiAaPQ
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Advances in Japanese Business and Economics Ser.
Series volume
v.14
Macroeconomics, Trade, and Social Welfare
Label
Macroeconomics, Trade, and Social Welfare
Link
http://libproxy.rpi.edu/login?url=https://ebookcentral.proquest.com/lib/rpi/detail.action?docID=4591765
Publication
Copyright
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Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Preface -- Contents -- About the Author -- Part I: Welfare and Macroeconomics -- Chapter 1: Multiplier Theory and Public Goods: Macroeconomics of the Mixed System -- 1.1 Introduction -- 1.2 The Principle of Effective Demand -- 1.3 Government and Fiscal Policy (Two-Good General Equilibrium) -- 1.4 Fiscal Policy Under Full Employment -- 1.5 Neo-Keynesian Synthesis -- 1.6 Concluding Remarks -- References -- Chapter 2: Unemployment and Inflation: The Natural Wage Rate Hypothesis -- 2.1 Introduction -- 2.2 The Model: Short- and Long-Run Equilibria -- 2.2.1 The Labor Market and the Short-Run Equilibrium -- 2.2.2 The Natural Wage Rate and the Long-Run Equilibrium -- 2.3 The Wage Dynamics and the Phillips Curve -- 2.3.1 Adjustment of the Money Wage Rate -- 2.3.2 The Phillips Curve as the Dynamic Path of the Economy -- 2.4 Stagnation, Stagflation, and Policy Implications -- 2.4.1 Stagnation -- 2.4.2 Stagflation -- References -- Chapter 3: A Macroeconomic Theory of Money, Income, and Distribution -- 3.1 Introduction -- 3.2 The Structure of the Model -- 3.2.1 Household Behavior -- 3.2.2 Consumption Function -- 3.2.3 Capital Function -- 3.3 IS - LM Equilibrium -- 3.3.1 Analysis and the Law of Change -- 3.4 Comparative Analysis of Macroeconomic Policies -- 3.5 Concluding Remarks -- References -- Part II: Welfare and Trade -- Chapter 4: Trade and Welfare in General Equilibrium -- 4.1 Introduction -- 4.2 A Trading Economy: The Model -- 4.3 Introduction of Welfare Criterion -- 4.4 A General Theorem on Welfare Comparison -- 4.5 The Gains from Trade Revisited -- 4.6 The Terms of Trade Improvement and Price Divergence -- 4.7 Ranking of Policies Under Trade -- 4.8 Economic Growth and Unilateral Transfer -- 4.9 The Infant Industry Argument -- 4.10 The Customs Unions Issue -- 4.11 The World Gains from Trade -- 4.12 Concluding Remarks -- References
  • Chapter 5: Domestic Distortions and the Theory of Tariffs -- 5.1 Introduction -- 5.2 Tariffs in Trade Equilibrium -- 5.3 The Positive Effects of Tariffs -- 5.4 Tariffs and the Real Income -- 5.5 Concluding Remarks -- References -- Chapter 6: Tariffs and the Transfer Problem -- 6.1 Introduction -- 6.2 The Model -- 6.3 The Effect of Transfer Under Tariffs -- 6.4 A Geometric Analysis of Anomalies -- 6.5 Notes on Tied Transfer -- 6.6 Concluding Remarks -- References -- Chapter 7: Innovations and International Trade -- 7.1 Introduction -- 7.2 Product Quality and International Trade: The Model -- 7.3 The Effects of a Process Innovation -- 7.4 The Effects of a Product Innovation: General Case -- 7.5 Product Innovation: An Example -- 7.6 Concluding Remarks -- References -- Chapter 8: Factor Endowments and the Pattern of Commodity and Factor Trade -- 8.1 Introduction -- 8.2 A Model of Commodity and Factor Trade -- 8.3 Factor Endowments and the Pattern of Trade -- 8.4 Illustration by a 2x3 Model -- References -- Chapter 9: Partial Free Trade Agreements and Economic Welfare: Reconsidering GATT Article 24 -- 9.1 Tariffs and Economic Welfare -- 9.2 The Kemp-Wan Theorem and Beyond -- 9.3 Concluding Remarks -- References -- Chapter 10: Market, Trade, and Welfare in General Equilibrium -- 10.1 Introduction -- 10.2 Firms in Industry Equilibrium -- 10.3 General Equilibrium -- 10.4 Robustness of Traditional Competitive Analysis -- 10.5 Market and Welfare -- 10.6 Trade and Welfare -- 10.7 Concluding Remarks -- References -- Part III: Welfare and Efficiency -- Chapter 11: Welfare and Efficiency: Socioeconomic Controversies in Modern Times -- 11.1 Introduction -- 11.2 Analytical Framework -- 11.2.1 Social and Individual Values -- 11.2.2 Production Frontier and Value Standard -- 11.2.3 Social Optimum -- 11.3 Security and Efficiency -- 11.3.1 Arguments in Mass Media
  • 11.4 Discussion -- 11.4.1 The Impossibility of Absolute Security -- 11.4.2 Collective Housing and Security -- 11.5 Government Failure and Suboptimal Equilibria -- 11.5.1 Soft Budget Constraint -- 11.5.2 À̀makudarí ́Practice -- 11.6 Equity and Efficiency -- 11.6.1 Commentary in Textbooks -- 11.7 Discussion -- 11.7.1 Poll Tax: The End of the Thatcher Age -- 11.8 Concluding Remarks -- References -- Chapter 12: A Theoretical Framework of Mixed Systems -- 12.1 Introduction -- 12.2 The Basic Structure of Mixed Economies -- 12.2.1 Private Goods and Public Goods -- 12.2.2 Notations -- 12.2.3 Households and Externalities -- 12.2.4 Firms and Externalities -- 12.3 General Equilibrium and Social Optimum -- 12.3.1 The General Equilibrium of Mixed Economies -- 12.3.2 Optimal Income Distribution -- 12.3.3 Optimal Tax-Subsidy Policy -- 12.4 Applications to Specific Problems -- 12.4.1 Pure Public Goods -- 12.4.2 Congestible Public Good -- 12.4.3 Peak Load Pricing -- 12.4.4 Pollution -- 12.4.5 Decreasing Cost -- 12.4.6 Individual Externalities -- 12.4.7 Representative Agents -- References -- Name Index -- Subject Index
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Dimensions
unknown
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{'f': 'http://opac.lib.rpi.edu/record=b4385671'}
Extent
1 online resource (236 pages)
Form of item
online
Isbn
9784431558071
Media category
computer
Media MARC source
rdamedia
Media type code
c
Sound
unknown sound
Specific material designation
remote

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