LEADER 04335oam 2200601I 450 001 9910463034903321 005 20200520144314.0 010 $a0-203-15778-8 010 $a1-136-58645-8 024 7 $a10.4324/9780203157787 035 $a(CKB)2670000000358710 035 $a(EBL)1189369 035 $a(SSID)ssj0000971635 035 $a(PQKBManifestationID)12398134 035 $a(PQKBTitleCode)TC0000971635 035 $a(PQKBWorkID)10940102 035 $a(PQKB)11574534 035 $a(MiAaPQ)EBC1189369 035 $a(Au-PeEL)EBL1189369 035 $a(CaPaEBR)ebr10704111 035 $a(CaONFJC)MIL492326 035 $a(OCoLC)844428689 035 $a(OCoLC)849920608 035 $a(EXLCZ)992670000000358710 100 $a20180706e20121982 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIntroduction to political economy /$fE.J. Mishan 210 1$aAbingdon, Oxon ;$aNew York, N.Y. :$cRoutledge,$d2012. 215 $a1 online resource (272 p.) 225 1 $aRoutledge Revivals 300 $aFirst published London : Hutchinson, 1982. 311 $a0-415-68874-4 311 $a0-415-68248-7 320 $aIncludes bibliographical references and index. 327 $achapter Introduction to Political Economy -- chapter Copyright -- chapter Contents -- part Part One: The agenda of political economy -- chapter 1 Introductory observations -- chapter 2 The resistance to a prescriptive economics -- chapter 3 The nature of the economist's efficiency criterion -- chapter 4 The rationale of the economist's efficiency criterion -- chapter 5 Things to come: a preview -- chapter 6 The basic economic assumptions -- part Part Two: Allocation within a partial economic context -- chapter 7 Uses and limitations of a partial economic context -- chapter 8 The key concepts of social value and social opportunity cost -- chapter 9 Consumer surplus: a measure of welfare change -- chapter 10 The difficulty of measuring rent -- chapter 11 The allocative virtues of a competitive economy -- chapter 12 Marginal cost pricing -- chapter 13 Second best and third best -- part Part Three: Collective goods and bads -- chapter 14 Can the market cope with externalities? -- chapter 15 Diminishing returns to agriculture as an instance of externalities -- chapter 16 Environmental spillovers: what difference does the law make? -- chapter 17 Non-environmental spillovers: some ethical questions -- chapter 18 Favourable spillovers and collective goods -- part Part Four: Resource allocation within a general context -- chapter 19 Uses of a general economic context -- chapter 20 Optimality for the economy -- chapter 21 What is an efficient distribution of goods? -- chapter 22 Economic efficiency: a paradox -- chapter 23 Pareto optimality: an empty vessel -- chapter 24 Resolving the apparent paradox -- part Part Five: Sources of economic failure in a technological age -- chapter 25 Introductory remarks -- chapter 26 The folklore of the market 1 -- chapter 27 The folklore of the market 2 -- chapter 28 Economic expertise in an age of rapid innovation -- chapter 29 The limits of abundance: a conservative critique 1 -- chapter 30 The limits of abundance: a conservative critique 2 -- chapter 31 Concluding remarks. 330 $aFirst published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world's leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. The author carefully distinguishes the various meanings of the terms political economy, normative economics, welfare economics and allocative economics. He considers the standard allocation rules and the crucial concepts of consumer sur 410 0$aRoutledge revivals. 606 $aWelfare economics 608 $aElectronic books. 615 0$aWelfare economics. 676 $a330.15/5 700 $aMishan$b E. J$g(Edward J.),$f1917-,$024593 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463034903321 996 $aIntroduction to Political Economy$9612605 997 $aUNINA