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emissions trading – originally proposed byCrocker (1966)andDales (1968).3By contrast, environmental taxation dates back to Pigou in the 1910s. Direct regulation or “command and control” emerged as the dominant real-world practice of environmental policy, especially ...
other variables remain the same. In economics, ceteris paribus is often highly hypothetical as national economics and macroeconomic conditions are highly intricate and complex. However, ceteris paribus is the practice of seeing how a single economic concept (i.e. inflation) can impact broader ...
Business Ethics in Theory and Practice Peter E. Earl Part of the book series:Issues in Business Ethics((IBET,volume 13)) 182Accesses Abstract These words, by the author of Competitive Advantage of the Shop Floor, were not written with New Zealand in mind. Even so, they serve well to prov...
.5Comments Economists, like everyone, should admit to their mistakes and correct them. That’s what this post is for. The argument against taxing capital income runs like this: 1) Current and future consumption should be taxed at the same rate. ...
“women’s issues”. It focuses on how different economic structures enable and reproduce gender regimes by privileging men’s interests over the interests of women.Footnote2A crucial outcome of gender economics, and putting it into practice, is the potential to address and contribute towards the ...
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The axiomatic turn was meant to overcome the impossibility (and dangerousness) of comparing individual utilities. Without a unit of measurement, it was also difficult to test the theory empirically, although it was attempted. After all, if the tests proved the EUT to be right, analytical difficu...