E-viri
Recenzirano
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Takahashi, Shingo
Journal of economic issues, 10/2020, Letnik: 54, Številka: 4Journal Article
In Institutional Economics (1934), John R. Commons argued that insufficient profits and expectations based on the "profit-margin" theory, not the "profit-share" theory, were the primary causes of economic depressions. He also posited a business cycle theory to analyze historical global depressions and explained a pricing theory within the context of capitalism's historical development. Based on this discourse, Commons evaluated the economic actor that would receive the benefits of increased efficiency under different circumstances and determined that lowering the price from the buyer-consumer's standpoint deprived producers of gains, while raising the price from the producer-seller's standpoint deprived consumers of benefits. Thus, Commons concluded that prices should be stabilized, since they affect expected profits on which future production will be based, and the effects of supply and demand should be controlled using state power for a period of time to protect intangible properties. This makes macro-economic policy an important tool in stabilizing the business cycle. According to Commons, we should safeguard public interest by stabilizing prices through macro monetary policy and protection of efficient producers' profits.
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Dostop do baze podatkov JCR je dovoljen samo uporabnikom iz Slovenije. Vaš trenutni IP-naslov ni na seznamu dovoljenih za dostop, zato je potrebna avtentikacija z ustreznim računom AAI.
Leto | Faktor vpliva | Izdaja | Kategorija | Razvrstitev | ||||
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JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Baze podatkov, v katerih je revija indeksirana
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Povezave do osebnih bibliografij avtorjev | Povezave do podatkov o raziskovalcih v sistemu SICRIS |
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Vir: Osebne bibliografije
in: SICRIS
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