1.

Record Nr.

UNINA9910348236803321

Autore

Forges Davanzati Guglielmo <1967->

Titolo

Ethical codes and income distribution [[electronic resource] ] : a study of John Bates Clark and Thorstein Veblen / / Guglielmo Forges Davanzati

Pubbl/distr/stampa

New York, NY, : Routledge, 2006

ISBN

1-134-21584-3

1-280-50614-8

9786610506149

0-203-01679-3

Descrizione fisica

1 online resource (161 p.)

Collana

Routledge Studies in the History of Economics

Disciplina

339.2/2

339.22

Soggetti

Income distribution - Moral and ethical aspects

Economics - Moral and ethical aspects

Institutional economics

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Book Cover; Half-Title; Series-Title; Title; Copyright; Dedication; Contents; Preface; Acknowledgements; Outline of the book; 1 The genesis and the spread of ethical codes: The inside-the market versus the outside-the-market approach; 2 John bates clark: Moral norms and the labour market in neoclassical economics; 3 Thorstein veblen: The institutionalist approach to income distribution and ethical codes; 4 Ethical codes and income distribution in the neoclassical and institutionalist theoretical frameworks; Conclusions; Notes; Bibliography; Index

Sommario/riassunto

In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pictured as working in an institutional vacuum and where social and historical variables play no role. However, in more



recent times, a large group of economists have begun to insert social and moral variables into standard models based on the rational choice paradigm, following the increasing inter