The crisis in Keynesian economics:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford
Blackwell
1975
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| Edition: | Repr. |
| Series: | Yrjö Jahnsson lectures.
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| Subjects: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002078289&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Physical Description: | 85 S. |
| ISBN: | 0631155007 |
Staff View
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Record in the Search Index
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| adam_text | Titel: The crisis in Keynesian economics
Autor: Hicks, John R
Jahr: 1975
Contents
List of Table and Figures ix
Preface xi
Competition Among States 1
The New Systems Competition 1
The Selection Principle 5
Inefficient Governments and Systems Competition 8
Systems Economics and the Hierarchy of Competitive
Processes 10
Systems Competition: A Construction Principle
for Europe? 14
The Euro and the Integration of Capital Markets 16
Migration in Europe 21
Quo Vadis Europe? 25
2 Taxes and Public Infrastructure Goods 27
Competition between Fiscal Systems 27
The Standard Argument 28
Competition with Infrastructure Goods 30
Fiscal Competition and Impure Public Goods 32
The Social Optimum 36
Who Pays for the Infrastructure? 38
vi Contents ,
The Selection Principle, the Theory of Clubs and the
Race Below the Bottom 39
Tax Harmonization and the Overprovision of Public Goods 43
Self-Financing Constraints and Average Cost Pricing 45
A Critique of the Underprovision Hypothesis 49
Residence Taxes 51
Dividend Taxes and Equity Traps 53
Existence Problems 56
Policy Implications 60
Appendix to Chapter 2 Criticism of the Zodrow and
Mieszkowski Infrastructure Model 61
The Erosion of the Welfare State 64
Globalization and the Welfare State 64
Income Redistribution and the Selection Principle:
An Insurance Theoretic Interpretation 66
Redistribution as an Allocative State Responsibility:
A Simple Model 70
The End of the Welfare State in Tax Competition 74
The Home Country Principle 78
Appendix to Chapter 3 The Non-Existence of a Market
for Wage Insurance 81
Social Dumping in the Transformation Process? 86
The Accusation of Social Dumping 86
Redistribution vs. Wages in Kind 88
Why are the Differences in Direct and Indirect Wage
Costs so High? 89
A Simple Model of the Economic Catching-Up Process 93
The Policy of the National Government 97
The Overall Welfare Optimum 99
The Properties of the Catching-Up Process 102
Lessons from German Unification 108
Why Low Wages and Social Standards Do Not Indicate
Social Dumping 110
5 Ecological Competition 112
Ecological Dumping or Excessively Green Policies? 112
Contents vii
Conditions for a Functioning Ecological Competition 113
Ecological Dumping with International Spillover Effects 117
Pollution Certificates, Foreign Direct Investment and
the Rent Dissipation Effect 121
Environmental Standards 127
The Environmental Policy Externalities: A Suggested
Interpretation 130
Policy Implications 133
The Competition of Product Standards 135
Cassis de Dijon and Deregulation Competition 135
The Lemons Problem 136
Simple Model of Private Quality Competition 139
An Allocative Explanation of the State Regulation
of Quality 141
The Competition of Laxity 144
Policy Implications 147
Appendix to Chapter 6 The Properties of the EE Curve
in Figure 6.1 148
7 Limited Liability, Risk-Taking and the Competition
of Bank Regulators 150
Banking Risks 150
Lemon Bonds 152
A Note on the Literature on Limited Liability and
Risk-Taking 155
Banking with Unlimited Liability: The Basic Model 157
Lemon Banking and the BLOOS Rule; , 159
Welfare Implications and Optimal Regulation 165
The Competition of Banking Regulation 168
The Basel Committee and EU on the Right Track 174
The Competition of Competition Rules 178
A Tottering Creed 178
Regulating the Monopoly 180
The Advantage of Forming a Common Market 185
The Ordo Liberal Equilibrium in Systems Competition 186
Ordo Liberal Policy vs. First-Mover Advantages 188
viii Contents
The Deregulation Race 194
An Uncomfortable Proposition 203
Reconsideration of Regulation Policy 205
Epilogue 207
References 208
Chapter 1 208
Chapter 2 210
Chapter 3 212
Chapter 4 214
Chapter 5 214
Chapter 6 215
Chapter 7 215
Chapter 8 217
Index of Names 218
Subject Index 221
|
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| author_facet | Hicks, John 1904-1989 |
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| bvnumber | BV003296608 |
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| discipline | Wirtschaftswissenschaften |
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| id | DE-604.BV003296608 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T08:02:10Z |
| institution | BVB |
| isbn | 0631155007 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-002078289 |
| oclc_num | 174611643 |
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| owner_facet | DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-Aug4 DE-20 DE-11 |
| physical | 85 S. |
| psigel | HUB-retro |
| publishDate | 1975 |
| publishDateSearch | 1975 |
| publishDateSort | 1975 |
| publisher | Blackwell |
| record_format | marc |
| series2 | Yrjö Jahnsson lectures. |
| spellingShingle | Hicks, John 1904-1989 The crisis in Keynesian economics Keynessche Theorie (DE-588)4030426-7 gnd Krise (DE-588)4033203-2 gnd |
| subject_GND | (DE-588)4030426-7 (DE-588)4033203-2 |
| title | The crisis in Keynesian economics |
| title_auth | The crisis in Keynesian economics |
| title_exact_search | The crisis in Keynesian economics |
| title_full | The crisis in Keynesian economics |
| title_fullStr | The crisis in Keynesian economics |
| title_full_unstemmed | The crisis in Keynesian economics |
| title_short | The crisis in Keynesian economics |
| title_sort | the crisis in keynesian economics |
| topic | Keynessche Theorie (DE-588)4030426-7 gnd Krise (DE-588)4033203-2 gnd |
| topic_facet | Keynessche Theorie Krise |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002078289&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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