search query: @author Henry, J. / total: 3
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| Author: | Henry, J. |
| Title: | Property rights, markets and economic theory: Keynes versus neoclassicism -again |
| Journal: | Review of Political Economy
1999 : APR, VOL. 11:2, p. 151-170 |
| Index terms: | POLITICAL ECONOMY MARKETS PROPERTY RIGHTS |
| Language: | eng |
| Abstract: | This essay has two main objectives. Initially, the author specifies the relationship between neoclassical theory and the property rights regime on which that theory rests. In this portion of the argument the author shows that the property rights consistent with neoclassical theory are inconsistent with those of a monetary (or capitalist) economy - the economy the theory purports to explain. Further, the author specifies several contradictions in the theory itself when attempts to examine rational resource allocation, money and the labor market. |
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