Background
Lydall, Harold French was born on November 4, 1916 in Pretoria, South Africa. Son of Edward Wykeham and Helen Constance (Greig) Lydall.
(Drawing on a wide range of Yugoslav materials, this book ...)
Drawing on a wide range of Yugoslav materials, this book describes the origins and development of Yugoslavia's unique economic system of "socialist self-management," highlighting its achievements and shortcomings and providing a revealing picture of how it operates in practice and how this differs from the theory.
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(Modern neoclassical economics is a theory of general equi...)
Modern neoclassical economics is a theory of general equilibrium, based on assumptions of perfect competition, perfect knowledge of existing technology, and timeless - staticadjustment. Although useful for some purposes, this theory suffers from serious defects, both in its assumptions and in its predictions. Its fundamental weakness is that it eliminates any role for the entrepreneur. In the alternative model presented in this book there is perfect competition in parts of primary industry, but not in the markets for most manufactures and services, nor in the supply of finance. Technology is much wider than in the standard concept of the production function, covering all aspects of organisation, including methods of efficient large-scale operation. Because both the acquisition of better technology and the accumulation of finance for expansion take time, smaller firms are, on the average, less profitable than larger firms. This accounts for the growth in the size of firms, for the rise in the general level of technology, productivity and real wages, and for many other well-known phenomena. The model provides a key to the problems of economic development of poor countries and of unemployment in rich countries.
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Lydall, Harold French was born on November 4, 1916 in Pretoria, South Africa. Son of Edward Wykeham and Helen Constance (Greig) Lydall.
Bachelor of Arts University S. Africa, 1936. Master of Arts University Oxford, 1950.
Senior Research Officer, Institute, Institution Statistics, University Oxford, 1950-1959. Reader, Professor, University Western Australia, 1960-1961. Professor, University Adelaide, 1962-1967.
Economics, United Nations, Geneva, 1967-1969. Professor, University E. Anglia, 1969-1978. Emeritus Professor of Economics, University E. Anglia, Norwich, England,
.
Editorial Board, Australian Economic Papers.
(Drawing on a wide range of Yugoslav materials, this book ...)
(Modern neoclassical economics is a theory of general equi...)
(8vo pp. 394 ril tela, sovrac (cloth, DJ))
Author: British Incomes and Savings, 1955, The Structure of Earnings, 1968, Yugoslav Socialism: Theory and Practice, 1984, A Critique of Orthodox Economics: An Alternative Model, 1998.
When, after the war and five years postwar work in business, I returned to Oxford, my first research project was to organise the first British national survey of incomes and savings. The results are given in British Incomes and Savings. Subsequently I organised a survey of small manufacturing businesses.
In 1959 I made a study from tax statistics of the long-term trend in personal income inequality. Later in the same year I joined the Massachusetts Institute of Technology, Cambridge, Mass., USA Center for International Studies project in India, and collaborated with P. N. Dhar in a short book on small enterprise policy. In 1960 I moved to Australia and later began to use Australian tax statistics on wages and salaries to analyse the inequality of wage income in that country.
This led
on to my study of The Structure of Earnings, which attempted to compare and to account for earnings inequality in a wide range of countries.
In 1972 the International Labour Office asked me to make estimates of the effects of changes in the pattern of trade in manufactures on employment in rich and poor countries. This report was published as Trade and Employment. Meanwhile, I was beginning to formulate a new approach to the theory of income distribution, which appeared in 1979 as A Theory of Income Distribution.
Later, I started to give serious attention to problems of alternative economic systems, one of the most interesting of which is that of Yugoslavia. My conclusions on that subject are given in Yugoslav Socialism: Theory and Practice.
Music, gardening, walking, cooking.
Married Mary Margaret Quinn, February 8, 1941. Children: Mary, Jean, John.