scholarly journals Economic good role

2021 ◽  
Author(s):  
Keyword(s):  
2017 ◽  
Vol 20 (5) ◽  
pp. 45-54
Author(s):  
Wojciech Giza

The presented study includes an analysis of the category of “good” on the basis of philosophy and economics. Particular attention was paid here to the factors determining the monetary value (price) of an economic good. While achieving the assumed objective of the research, answers to the following questions were sought: What is the difference, therefore, in the interpretation of good as an axiological category and good which economics deals with? What is the basis for the valuation of goods which are the subject of economic analysis? While seeking answers to these questions, an attempt was made to justify the thesis according to which contemporary understanding of the way the market valuates goods is limited to accepting the price understood as a variable representing a kind of relationship set in a given time period.


2009 ◽  
Vol 1 (1) ◽  
pp. 29 ◽  
Author(s):  
Cristiano Antonelli

Economics of knowledge provides new tools to study the features of knowledge as an economic good and new ways to understanding the governance of knowledge. This sheds new light upon the institutional design, the incentives mechanisms, including intellectual property rights, and the signalling devices that make it possible the organization of the production and distribution of knowledge in economic systems.


2020 ◽  
Vol 29 (1) ◽  
pp. 65
Author(s):  
José A. Gómez-Limón ◽  
Julia Martin-Ortega

Water is a natural resource that performs different functions in development processes (satisfaction of population’s basic needs, key element for ecosystems and landscapes, input in different economic activities, etc.). Taking into account this relevance and its features as an economic good, public authorities have carried out an important role as regulators. The last milestone in this path has been the approval of the Water Framework Directive. One of the most innovative points of this European rule is the use of economic analysis for the optimisation of different water uses. However, the development of the works done for the design of the new water management plans has shown several shortcomings regarding the economic analysis of water uses, the analysis of costs recovery for water services and the selection of meassures to reach these objectives. In this sense it is necessary to strength the nexus between the policy- making and academic spheres in order to support a more rigorous and effective use of the large scientific knowledge developed in this field.


2021 ◽  
pp. 139-165
Author(s):  
William Barnett II ◽  
Walter Block

Say’s Law maintains that there can never be a superabundance of all goods (if any good were available in greater supply than needed, such as water or air, it would no longer be an economic good at all) and that if there is an excess of some items that are still goods, it will be matched with an insufficiency of others. The reputation of Keynes (1936) was made in part on the basis of a supposed refutation of Say’s Law. This paper attempts to probe the irrationality of Keynes’ position by examining his concept of money and its relationship to his theory. Key words: Say’s Law; Keynes; money; economic goods; animal spirits; unemployment. JEL Category: E12.


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