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Essays in Economic Theory, Growth and Labor Markets

A Festschrift in Honor of E. Drandakis Edited by George Bitros, Professor of Economics, Department of Economics and Yannis Katsoulacos, Professor of Economics, Athens University of Economics and Business, Greece
The distinguished contributors in this volume provide a variety of essays, which are written in honor of Emmanuel Drandakis. These essays fall into four uniform areas of economics: economic growth, general equilibrium, labor economics and game theory and applications.
Extent: 320 pp
Hardback Price: $146.00 Web: $131.40
Publication Date: 2002
ISBN: 978 1 84064 739 6
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  • Economics and Finance
  • Labour Economics
  • Methodology of Economics
The distinguished contributors in this volume provide a variety of essays, which are written in honor of Emmanuel Drandakis. These essays fall into four uniform areas of economics: economic growth, general equilibrium, labor economics and game theory and applications.

The editors focus on a select set of issues that stand high on the agenda of academic research. They provide fresh insights and approaches to the analysis of these issues, and thus open up wider avenues for our understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and endowment changes.

These contributions, in conjunction with the realisation that the papers are written by some of the most distinguished economists in the respective areas, make the volume an attractive addition for all who are interested in the contemporary research and teaching of economics.
Contributors: B. Allen, C. Azariadis, D.W. Bernotas, G.C. Bitros, A. Bose, S. Dasgupta, J. Dutta, S.L. Engerman, E.G. Flytzanis, J.W. Friedman, D. Glycopantis, Y.M. Ioannides, N. Jain, R.W. Jones, Y. Katsoulacos, L. McKenzie, C. Mezzetti, L.J. Mirman, T. Mitra, W.Y. Oi, E.S. Phelps, H. Polemarchakis, D. Ulph, N.C. Yannelis, G. Zoega
Contents: Preface Part I: Economic Growth 1. Some Early Conferences on Growth Theory 2. Discounting and the Growth of Net National Product Part II: General Equilibrium 3. Equilibrium Selections 4. Extensive Form Implementation of Weak Fine Core Allocations through Penalties 5. Nonlinear Neighbourhood Interactions and Intergenerational Transmission of Human Capital 6. Beliefs and the Neutrality of Money 7. Towards a General Theory of Real Capital Part III: Labor Economics 8. Endowment Changes, Price Response, and the Behavior of Wages 9. The Pace of Work and Pay 10. The Incidence of Increased Unemployment in the Group of Seven, 1970–94 11. Labor Incentives and Manumission in Ancient Greek Slavery Part IV: Game Theory and Applications 12. Agency Games 13. The Role of Beliefs, Knowledge, and Rationality in Non-Cooperative Games 14. The Economics of Research Joint Ventures Index