Journal Article The Scope of Qualitative Economics Get access Kelvin Lancaster Kelvin Lancaster London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 29, Issue 2, February 1962, Pages 99–123, https://doi.org/10.2307/2295817 Published: 01 February 1962

Journal Article Pearce, Monopoly and Socialism Get access Kelvin Lancaster Kelvin Lancaster London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 23, Issue 2, 1955, Pages 135–144, https://doi.org/10.2307/2296297 Published: 01 January 1955

Introduction, 278. – Setting up the problem for solution, 282. – The solution algorithm, 282. – Interpretation of the solution, 284. – Systems with more than (n + 1) variables, 285. – Illustration: a 5 × 8 macromodel, 286. – Solutions with zero elements, 290. – Degenerate systems, 291. – Constant sign determinants, 292. – Appendix, 292.

Новаторская статья, в которой автор предлагает рассматривать потребление как производство, в котором отдельные товары рассматриваются как ресурсы, представляющие наборы определенных свойств или характеристик. Эти объективные свойства благ и являются объектом спроса со стороны потребителей.

A new paradigm for capitalism is woven from Marx's dynamic conflict and Keyne's disjunction between the saving and investment decisions, in which capitalism is viewed as a differential game between workers, who may save or consume, and capitalists, who may consume or invest. A simple model incorporating this view is constructed and solved, and the solution is compared with the social optimum. It is shown that there is a clearly defined dynamic welfare loss, arising from the separation of saving and investment decisions. The suboptimality conclusion is shown to be very robust, surviving the addition of much complexity to the simple basic model.

Journal Article Partitionable Systems and Qualitative Economics Get access Kelvin J. Lancaster Kelvin J. Lancaster Baltimore, USA Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 31, Issue 1, January 1964, Pages 69–72, https://doi.org/10.2307/2295937 Published: 01 January 1964

Journal Article McManus on Second Best Get access Kelvin Lancaster, Kelvin Lancaster London Search for other works by this author on: Oxford Academic Google Scholar R. G. Lipsey R. G. Lipsey London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 26, Issue 3, June 1959, Pages 225–226, https://doi.org/10.2307/2295750 Published: 01 June 1959