The Marginal Productivity Theory of Distribution: A Critical History (Routledge Advances in Heterodox Economics) - Image 1

£55.89

Routledge The Marginal Productivity Theory of Distribution: A Critical History (Routledge Advances in Heterodox Economics)

Name: The Marginal Productivity Theory of Distribution: A Critical History (Routledge Advances in Heterodox Economics)
Brand: Routledge
Price: 55.89 GBP
Availability: InStock

Business & Economic History

It has never been this cheap. We have no record of a lower price.

£56 today · cheaper than every other day in the last 3 months

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 70 days · 70 data points (no recent data)

Historical

Generating forecast…

Price Distribution

Price distribution over 70 days • 1 price levels

Days at Price

Price Analysis

Most common price: £56 (70 days, 100.0%)

Price range: £56 - £56

Price levels: 1 different prices over 70 days

Description

The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product – where "marginal product" is defined as the change in total product that is caused by, or that follows, the addition or subtraction of the marginal unit of the factor used in the production process, with all other inputs held constant. From its inception in the early nineteenth century the MPTD has been claimed by some economists to be a solution to the ethical problem of distributive justice, i.e. to be a means of determining fairness in wages, profits, interest and rent. Other economists have rejected this ethical claim, but have seen the MPTD as a valid demand-side criterion in the determination of equilibrium and efficiency. This book argues that the MPTD is valid, neither as a normative theory of social justice, nor as a positive law of economics. It suggests that economics is yet to develop a satisfactory theory of distribution that is scientific in the quantitative or mathematical sense. Through a survey of the origin and subsequent evolution of the MPTD in the writings of over 50 contributors over 150 years, John Pullen presents a critical history of the concept. The book begins by examining the conceptual tools that have been deployed to facilitate this analysis of past contributions to the MPTD and then looks at various economists and their contribution to the debate including its supporters such as Wicksteed, Marshall, Wicksell and Stigler, and its critics such as Pareto, Hobson, Edgeworth, Adriance and Cassel.

Product Specifications

Brand: Routledge
Format: paperback
ASIN: 1138804967
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 27 June 2014
Listed Since: 28 March 2014

Barcode

No barcode data available

Routledge The Marginal Productivity Theory of Distribution: A Critical History (Routledge Advances in Heterodox Economics)

It has never been this cheap. We have no record of a lower price.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

The Property-Owning Democracy: Freedom and Capitalism in the Twenty-First Century (Routledge Studies in Social and Political Thought)

Pluralist Readings in Economics: Key concepts and policy tools for the 21st century

Economics Broadly Considered: Essays in Honour of Warren J. Samuels: 48 (Routledge Studies in the History of Economics)

Routledge - The Evolution of Modern Economic Theory Book

The Just Economy: The Principles of Politicla Economy Volume IV: 4 (Collected Works of James Meade)

Production, Distribution and Trade: Alternative Perspectives: 114 (Routledge Studies in the History of Economics)

New Developments in Economic Education

Econodynamics: The Theory of Social Production: 12 (New Economic Windows, 12)

Themes in Value and Distribution: Classical Theory Reappraised (Routledge Library Editions: The History of Economic Thought)

The Unity of Science and Economics: A New Foundation of Economic Theory (Springerbriefs in Energy)

The Unity of Science and Economics: A New Foundation of Economic Theory (Springerbriefs in Energy)

Dysfunctions of the Welfare State

A History of Marxian Economics, Volume II: 1929-1990 (Princeton Legacy Library): 136

Routledge Themes in Economic Analysis: Theory, Policy and Measurement

The Political Economy of State Intervention: Conserving Capital over the West’s Long Depression (Routledge Frontiers of Political Economy)

Capitalism and Inequality: The Role of State and Market (Routledge Foundations of the Market Economy)

Microeconomic Theory: Basic Principles and Extensions

Studies in Social Economics: 111 (Routledge Studies in the History of Economics)

Information, Finance and General Equilibrium: Collected Papers on the Experimental Foundations of Economics and Political Science, Volume III: 3 (Economists of the Twentieth Century series)

Advances in Equilibrium Theory: Proceedings of the Conference on General Equilibrium Theory Held at Indiana University-Purdue University at ... in Economics and Mathematical Systems, 244)

Modern Political Economy: A New Coursebook

Applied Approaches to Societal Institutions and Economics: Essays in Honor of Moriki Hosoe: 18 (New Frontiers in Regional Science: Asian Perspectives, 18)

Suspicions of Markets: Critical Attacks from Aristotle to the Twenty-First Century

Foundations of Economics: Fifth Edition