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Full-Text Articles in Business
The Firm In Disequilibrium: Contributions From The Austrian Tradition, Peter Lewin
The Firm In Disequilibrium: Contributions From The Austrian Tradition, Peter Lewin
Peter Lewin
No abstract provided.
Heterogeneous Human Capital, Uncertainty, And The Structure Of Plans: A Market Process Approach To Marriage And Divorce, Peter Lewin
Peter Lewin
The family has not been exempt from the multiple and rapidly occurring changes in the world today, particularly in market economies. The number of marriages has declined, age at first marriage has risen, the number of divorces has risen sharply, the fertility rate has declined, and the division of labor within families has changed, not always in ways that might be expected. This paper subjects these developments to a market process analysis, drawing on the voluminous work occurring in family economics. The Austrian theory of capital, with its emphasis on capital heterogeneity, is relevant. We place particular emphasis on the …