On Some Currently-Fashionable Propositions In Public Finance

Published By: Centre for Socio-economic & Environmental Studies | Published Date: July, 01 , 2005

The paper says that putting the matter differently, the price-system plays multiple roles: it acts as a signal for the use of available resources for producing at any particular point on the Production Possibility Frontier, and it also acts as a means of distributing a given produced bundle of goods among the economic agents.

Author(s): Prabhat Patnaik | Posted on: Feb 19, 2018 | Views() | Download (286)

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