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The Place of Liberty

Colin M. Macleod

in Liberalism, Justice, and Markets: A Critique of Liberal Equality

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293972
eISBN:
9780191599798
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293976.003.0006
Subject:
Political Science, Political Theory

Dworkin argues that equality is the sovereign virtue of political community but he also defends a form of liberalism that prizes individual liberty. This chapter examines Dworkin's attempt to secure ... More


Initial Equality

Colin M. Macleod

in Liberalism, Justice, and Markets: A Critique of Liberal Equality

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293972
eISBN:
9780191599798
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293976.003.0002
Subject:
Political Science, Political Theory

Examines Dworkin's claim that what justice requires by way of an initial distribution of resources can be established by considering the operation of an ideal market. The special auction device used ... More


Comparative Advantage and Gains from Trade

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0007
Subject:
Economics and Finance, Microeconomics

This chapter discusses the microeconomic concepts of gains from trade and comparative advantage. It explains that gains from trade are particularly large when producers specialize in the goods in ... More


Econometrics in Action

David F. Hendry

in Dynamic Econometrics

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198283164
eISBN:
9780191596384
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283164.003.0016
Subject:
Economics and Finance, Econometrics

The methods, approaches, and principles are applied to modelling the transactions demand for money in the UK over 1963–89. Financial innovations affect the opportunity cost of holding money, captured ... More


Evaluating the demand for heritage

Alan Peacock and Ilde Rizzo

in The Heritage Game: Economics, Policy, and Practice

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199213177
eISBN:
9780191707124
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199213177.003.0007
Subject:
Economics and Finance, Public and Welfare

The fact that the benefits derived from heritage artefacts are non-marketable or depend on the direct consumption of them does not preclude an attempt to estimate their value in terms of their ... More


Making difficult choices

Alan Peacock and Ilde Rizzo

in The Heritage Game: Economics, Policy, and Practice

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199213177
eISBN:
9780191707124
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199213177.003.0001
Subject:
Economics and Finance, Public and Welfare

Those responsible for managing the cultural heritage often argue that they are the sole judges of which buildings and artefacts should be preserved or restored, and that their activities are so ... More


The Triumph of Utilitarianism and the Marginalist Revolution

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279142
eISBN:
9780191602887
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279144.003.0006
Subject:
Economics and Finance, History of Economic Thought

Exposes the basic principles of neoclassical theoretical system and then provides an answer to the question: was the marginalist a real revolution? The specific contributions of Jevons, Menger, and ... More


The Moral Problem of Assurance

Aaron James

in Fairness in Practice: A Social Contract for a Global Economy

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199846153
eISBN:
9780199933389
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199846153.003.0004
Subject:
Philosophy, Political Philosophy, Moral Philosophy

This chapter argues that assurance problems may arise among morally motivated agents, and that these are of fundamental relevance for the political philosophy of “ideal theory.” It is argued that the ... More


Economics and efficiency

Jan Abel Olsen

in Principles in Health Economics and Policy

Published in print:
2017
Published Online:
September 2017
ISBN:
9780198794837
eISBN:
9780191836329
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198794837.003.0002
Subject:
Public Health and Epidemiology, Public Health, Epidemiology

This chapter, the longest in the book, explains the fundamentals of microeconomics and its application to the analysis of health and healthcare. The concepts of scarcity and opportunity costs lie at ... More


On Choice Among Creditors and Bonded Labour Contracts

T. N. Srinivasan

in The Economic Theory of Agrarian Institutions

Published in print:
1991
Published Online:
November 2003
ISBN:
9780198287629
eISBN:
9780191595912
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287623.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

In this chapter, the author looks into the conditions under which borrowing under a voluntary ‘bonded labour’ contract (whereby one may repay loans by providing labour services at less than one's ... More


High-Aspiration Entrepreneurship

Erkko Autio

in The Dynamics of Entrepreneurship: Evidence from Global Entrepreneurship Monitor Data

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199580866
eISBN:
9780191728716
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199580866.003.0012
Subject:
Business and Management, Innovation

This chapter analyzes the prevalence of high-aspiration entrepreneurs at both the country and individual level. The descriptive analysis reveals significant variation in high-aspiration ... More


Conclusion

Marc Flandreau

in The Glitter of Gold: France Bimetallism and the Emergence of the International Gold Standard 1848-1873

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199257867
eISBN:
9780191601279
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199257868.003.0010
Subject:
Economics and Finance, Economic History

The conclusion derives a number of lessons for European monetary history, at the same time as it provides an estimate of the cost of bimetallism for the international monetary system. The cost ... More


Estimating Costs and Valuations of Non-Health Benefits in Cost-Effectiveness Analysis

Anirban Basu

in Cost-Effectiveness in Health and Medicine

Published in print:
2016
Published Online:
November 2016
ISBN:
9780190492939
eISBN:
9780190492960
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190492939.003.0008
Subject:
Public Health and Epidemiology, Public Health

This chapter examines the process of identifying, quantifying, and valuing the resource costs and non-pecuniary benefits associated with the use and consequences of healthcare interventions. The ... More


Predatory Pricing

Daniel J. Gifford and Robert T. Kudrle

in The Atlantic Divide in Antitrust: An Examination of US and EU Competition Policy

Published in print:
2015
Published Online:
September 2015
ISBN:
9780226176109
eISBN:
9780226176246
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226176246.003.0005
Subject:
Law, Company and Commercial Law

This chapter explores developments in predatory pricing analysis in the United States and the European Union where the two jurisdictions have taken different approaches. It identifies major ... More


The High Middle Ages, 1000–1300: The Case of the Medieval Castle and the Opportunity Cost of Warfare

in Castles, Battles, & Bombs: How Economics Explains Military History

Published in print:
2008
Published Online:
March 2013
ISBN:
9780226071633
eISBN:
9780226071657
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226071657.003.0002
Subject:
History, Military History

Decision making under constraints is the provenance of economics, and the decisions of medieval rulers regarding war form a fertile area for the study of the making of choices. Potentially, there is ... More


European Broadband Spending: Implications of Input-Output Analysis and Opportunity Costs

Ibrahim Kholilul Rohman and Erik Bohlin

in Beyond Broadband Access: Developing Data-Based Information Policy Strategies

Published in print:
2013
Published Online:
September 2015
ISBN:
9780823251834
eISBN:
9780823268955
Item type:
chapter
Publisher:
Fordham University Press
DOI:
10.5422/fordham/9780823251834.003.0011
Subject:
Information Science, Information Science

This chapter considers the opportunity costs involved in using government funds for broadband in the context of a future European proposal to publicly finance broadband infrastructures. Using the ... More


Household Production, Leisure, and Living Standards

Paul Schreyer and W. Erwin Diewert

in Measuring Economic Sustainability and Progress

Published in print:
2014
Published Online:
May 2015
ISBN:
9780226121338
eISBN:
9780226121475
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226121475.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

Household production is an important non-market activity and the empirical literature has developed different methods towards valuing household production without, however, providing a rigorous ... More


Using Cost-Effectiveness Analysis in Health and Medicine: Experiences since the Original Panel

Peter J. Neumann, Louise B. Russell, Joanna E. Siegel, Lisa A. Prosser, Murray Krahn, Jeanne S. Mandelblatt, Norman Daniels, and Marthe R. Gold

in Cost-Effectiveness in Health and Medicine

Published in print:
2016
Published Online:
November 2016
ISBN:
9780190492939
eISBN:
9780190492960
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190492939.003.0001
Subject:
Public Health and Epidemiology, Public Health

This chapter discusses the potential of cost-effectiveness analysis (CEA) in health and medicine and the ways in which the technique has been applied. Since the original Panel’s work, CEA has become ... More


Economics

in Castles, Battles, & Bombs: How Economics Explains Military History

Published in print:
2008
Published Online:
March 2013
ISBN:
9780226071633
eISBN:
9780226071657
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226071657.003.0001
Subject:
History, Military History

In 1914, one of the world's most famous war plans, the Schlieffen Plan, impelled Germany to turn a developing east European squabble into the greatest, most encompassing, and costliest war ... More


Tightwads, Spendthrifts, and the Pain of Paying: New Insights and Open Questions

I. Rick Scott

in The Interdisciplinary Science of Consumption

Published in print:
2014
Published Online:
January 2015
ISBN:
9780262027670
eISBN:
9780262325387
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027670.003.0008
Subject:
Psychology, Cognitive Neuroscience

How do people control their spending? From the standard economic perspective, people avoid making a purchase if the opportunity cost of the good under consideration exceeds the benefits of buying the ... More


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