The Two-Sector Model of General Equilibrium
1st Edition
Published on 29. July 2021
120 pages
978-1-000-42124-8 (ISBN)
Description
Originally published in 1971, this book presents in a lucid form the basic model of distribution in a two-sector general equilibrium system. While this model has been used by many economists, this was the first synoptic exposition of it to become readily available to students. The first part develops the two-sector model and its properties, using the geometrical tools of international trade theory. The second applies the model to some standard problems in the theory of income distribution, including the economics of redistributive taxes and subsidies, of trade union organization, and of minimum wage laws. The third part converts the model into a growth model and develops the conditions for convergence on a steady-state growth path and for the maximization of consumption per head at all points of time.
More details
Series
Edition
1. Auflage
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Product notice
Reflowable
ISBN-13
978-1-000-42124-8 (9781000421248)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Harry G. Johnson
The Two-Sector Model of General Equilibrium
Book
07/2023
1st Edition
Routledge
€50.60
Shipment within 10-20 days
Harry G. Johnson
The Two-Sector Model of General Equilibrium
Book
07/2021
1st Edition
Routledge
€125.50
Shipment within 10-20 days
Person
Harry G. Johnson was Professor of Economics at the University of Chicago.
Content
1. The Two-Sector Model of Production 2. Applications of the Model 3. A Two-Sector Model of Economic Growth. Appendices: A: Mathematical Notes on the One-Sector Model B: A Comment on the General Equilibrium Analysis of Excise Taxes C: A Geometrical Note on General Equilibrium with Public Goods.
