1,721,243 research outputs found
Information and Pollution Permit Markets
Full text linkIn a recent article Smith and Yates (Smith and Yates, 2003) argued that regulators could gain additional information about the optimal number of permits to issue from two-sided markets. This paper argues that they are incorrect in their assertion because the market they refer to is an asymmetric two-sided market in which individuals are only allowed to decrease the number of permits. When a symmetric two-sided market is considered, the public good nature of the problem makes it unlikely that any useful information can come from a two-sided market.
Information and Pollution Permit Markets
Full text linkIn a recent article Smith and Yates (Smith and Yates, 2003) argued that regulators could gain additional information about the optimal number of permits to issue from two-sided markets. This paper argues that they are incorrect in their assertion because the market they refer to is an asymmetric two-sided market in which individuals are only allowed to decrease the number of permits. When a corrct two-sided market is considered, the public good nature of the problem makes it unlikely that any useful information can come from a two-sided market.
David Colander: Polite transgressor
Full text linkThe author of this article considers the contribution to the economics discipline, and specific implications for economics teaching, of three pieces by David Colander, all of which attempted to reset economists’ thinking about how economics is done, is perceived, and is discussed. All three pieces have been highly influential in economics, particularly in shaping understanding of the term “mainstream economics” and how that relates to two other commonly used categories: “neoclassical economics” and “heterodox economics.” The author argues that Colander’s contributions contain important messages for economics teachers about their treatment of history in economics, the importance of classification, and understanding the role and construction of categories in economics. Overall, Colander’s work is evaluated as being transgressive, albeit polite
Review of: The Spread Of Economic Ideas by David Colander and A. W. Coats
No full textThis article reviews the book The Spread Of Economic Ideas by David Colander and A. W. Coats
The Role of Institutions in the Post-Walrasian Economics of David Colander and Complexity Economics
No full textGłównym celem artykułu jest (1) przedstawienie podstawowych założeń ekonomii postwalrasowskiej, nurtu teoretycznego zapoczątkowanego w latach dziewięćdziesiątych XX w. przez amerykańskiego historyka myśli ekonomicznej Davida Colandera. Podważa on fundamentalne twierdzenia XX-wiecznej ekonomii, które czerpią z koncepcji naukowych Leona Walrasa, zwłaszcza w zakresie teorii ogólnej równowagi ekonomicznej. Jednym z kluczowych elementów programu ekonomii postwalrasowskiej jest uwzględnienie instytucji jako pozacenowego mechanizmu koordynacji procesów gospodarczych. Pozostałymi celami niniejszego tekstu są: (2) wskazanie sposobu, w jaki elementy heterodoksyjnych szkół ekonomii włącza się do głównego nurtu w ramach nowego zjawiska, jakim jest tzw. ekonomia złożoności (complexity economics), oraz (3) przedstawienie propozycji koniecznych zmian w zakresie metodologii ekonomii. W ramach zakończenia przedstawione zostaną (4) rozważania na temat implikacji koncepcji teoretycznych Colandera i innych przedstawicieli nowego nurtu ekonomii dla polityki gospodarczej.The main aim of the article is to present the basic elements of post-Walrasian economics, an economic school initiated in the 1990s by David Colander, American historian of economic thought. Colander questions the fundaments of mainstream economics, based inter alia on Leon Walras s theory of general equilibrium. One of the key elements of the post-Walrasian economics is the acknowledgement of institutions as non-price coordination mechanism in the economy. The article discusses how elements of heterodox economic schools are introduced into the mainstream economics within the new complexity economics, and suggests essential amendments to the methodology of economics. As a conclusion, the author presents the implication of the economic thought of David Colander and other representatives of complexity economics for the economic policy
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