Ian Steedman: 2 books
Consumption Takes Time
Implications for Economic Theory
Language: English
Release Date: March 29, 2001
Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumption. However, consumption takes time and no consumer has more - or less - than 168 hours per week. This simple fact is almost invisible in standard theory, and takes the centre stage in this book. Whe
Full Industry Equilibrium
A Theory of the Industrial Long Run
Language: English
Release Date: May 28, 2015
This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that...