Just Price Theory

2001 ◽  
pp. 211-243
Author(s):  
Peter Koslowski
Keyword(s):  
Price Theory ◽  
Just Price

The Concept of the Just Price: Theory and Economic Policy

1958 ◽  
Vol 18 (4) ◽  
pp. 418-434 ◽  
Author(s):  
Raymond de Roover
Keyword(s):  
Economic Policy ◽  
Fairy Tale ◽  
Supply And Demand ◽  
Price Theory ◽  
Market Mechanisms ◽  
Or Economics ◽  
Just Price

In The concept view of many economists the just price is a nebulous concept invented by pious monks who knew nothing of business or economics and were blissfully unaware of market mechanisms. It is true that certain writers, Catholics and non-Catholics alike, have done their best to accredit this fairy tale and to propagate the notion that the just price, instead of being set by the allegedly blind and unconscionable forces of the market, was determined by criteria of fairness without regard to the elements of supply and demand or at least with the purpose of eliminating the evils of unrestrained competition.

Kritik der Politischen Ökonomie im 21. Jahrhundert.

2017 ◽  
Vol 47 (188) ◽  
pp. 453-470 ◽  
Author(s):  
Hans-Peter Büttner
Keyword(s):  
Political Economy ◽  
Critical Theory ◽  
Scientific Community ◽  
New World ◽  
Neoclassical Economics ◽  
Price Theory ◽  
Transformation Problem ◽  
Iron Cage ◽  
Analytical Tools

While the majority of the scientific community holds Marxian Value and Price Theory to be internally inconsistent because of the so-called “transformation problem”, these claims can be sufficiently refuted. The key to the solution of the “transformation problem” is quite simple, so this contribution, because it requires the rejection of simultanism and physicalism, which represent the genuine method of neoclassical economics, a method that is completely incompatible with Marxian Critique of Political Economy. Outside of the iron cage of neoclassical equilibrium economics, Marxian ‘Capital’ can be reconstructed without neoclassical “pathologies” and offers us a whole new world of analytical tools for a critical theory of capitalist societies and its dynamics.

U.S.-Listed Foreign Companies' Choice of a U.S.-Based versus Home Country-Based Big N Principal Auditor and the Effect on Audit Fees and Earnings Quality

2015 ◽  
Vol 29 (3) ◽  
pp. 631-666 ◽  
Author(s):  
Sharad C. Asthana ◽  
K. K. Raman ◽  
Hongkang Xu
Keyword(s):  
Financial Reporting ◽  
Home Country ◽  
Earnings Quality ◽  
Audit Fees ◽  
Foreign Companies ◽  
Two Factors ◽  
Just Price ◽  
Reporting Environment ◽  
The U.S

SYNOPSIS We examine why U.S.-listed foreign companies choose to have a U.S.-based (rather than home country-based) Big N firm as their principal auditor for SEC reporting purposes and the effects of that choice for audit fees and earnings quality. We find that the likelihood of the Big N principal auditor being U.S.-based is decreasing in client size and the level of investor protection in the home country, and increasing in the proportion of income earned outside the home country. We also find compelling evidence that U.S.-based Big N auditors are associated with higher-quality earnings (albeit for a higher fee), despite two factors—the greater distance between the U.S.-based (vis-à-vis home country-based) Big N auditor and the client, and the likelihood that much of the audit work is done outside the U.S.—which potentially could lower the earnings quality of the U.S.-listed foreign client when the Big N principal auditor is U.S.-based. Overall, our study suggests that the higher fees associated with a U.S.-based Big N principal auditor is not just price protection; rather, U.S.-based Big N principal auditors are also improving the financial reporting environment by reporting higher-quality audited earnings for their U.S.-listed foreign clients. JEL Classifications: L11; L15; M42.

Essentials of Price Theory. B. S. Keirstead

1944 ◽  
Vol 52 (1) ◽  
pp. 81-81
Author(s):  
Lewis Severson
Keyword(s):  
Price Theory

scholarly journals Price theory based power management for heterogeneous multi-cores

2014 ◽  
Vol 42 (1) ◽  
pp. 161-176 ◽  
Author(s):  
Thannirmalai Somu Muthukaruppan ◽  
Anuj Pathania ◽  
Tulika Mitra
Keyword(s):  
Power Management ◽  
Price Theory

Roll over George Stigler: Berle and Means meet Chicago price theory

2010 ◽  
Vol 6 (1) ◽  
pp. 99-107 ◽  
Author(s):  
STEVEN G. MEDEMA
Keyword(s):  
Executive Compensation ◽  
Private Property ◽  
Chicago School ◽  
Price Theory ◽  
Modern Corporation

Abstract:Recent writings by Richard Posner in this Journal and elsewhere appear to mark a departure from the Chicago price theory tradition with which Posner long has been associated. This paper picks up on one facet of this: the similarity of Posner's views of the corporation, and of executive compensation in particular, to the perspective laid out by Adolf Berle and Gardiner Means in The Modern Corporation and Private Property – a perspective that has for decades been harshly rejected by the Chicago school.

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