Advanced Search
MyIDEAS: Login to save this article or follow this journal

Economists Favour the Price System--Who Else Does?

Contents:

Author Info

  • Frey, Bruno S

Abstract

Most people except professional academic economists resist or reject the use of the price system. The four main reasons are: lack of information; undesirable distributional consequences; unfairness and reluctance to trade; and adverse effects on preferences. The reasons brought forward against the price system are only partly convincing, particularly in comparison to other decision-making systems. The use of the price system may create more problems than traditional neoclassical economics admits. The difficulties and paradoxes connected with the use of the price system provide a challenge to existing economic theory. Copyright 1986 by WWZ and Helbing & Lichtenhahn Verlag AG

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 39 (1986)
Issue (Month): 4 ()
Pages: 537-63

as in new window
Handle: RePEc:bla:kyklos:v:39:y:1986:i:4:p:537-63

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=0023-5962

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Cramon-Taubadel, Stephan von, 1992. "A critical assessment of the political preference function approach in agricultural economics," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 7(3-4), October.
  2. Alfred Meier, 1988. "Wettbewerbsbeschränkungen in der schweizerischen Versicherungswirtschaft und ihre volkswirtschaftliche Beurteilung," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 124(III), pages 377-390, September.
  3. Gebhard Kirchgässner, 2004. "(Why) Are Economists Different?," University of St. Gallen Department of Economics working paper series 2004 2004-18, Department of Economics, University of St. Gallen.
  4. Amélie Goossens & Pierre-Guillaume Méon, 2010. "The impact of studying economics, and other disciplines, on the belief that voluntary exchange makes everyone better off," Working Papers CEB 10-012.RS, ULB -- Universite Libre de Bruxelles.
  5. Avner Offer, 2008. "British Manual Workers: From Producers to Consumers, c. 1950-2000," Economics Series Working Papers Paper 74, University of Oxford, Department of Economics.
  6. Michael Rauscher, 2006. "Voluntary Emission Reductions, Social Rewards, and Environmental Policy," CESifo Working Paper Series 1838, CESifo Group Munich.
  7. Rauscher, Michael, 1997. "Voluntary Emission Reductions, Social Rewards, and Environmental Policy," Thuenen-Series of Applied Economic Theory 10, University of Rostock, Institute of Economics.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:39:y:1986:i:4:p:537-63. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.