The xistence of definitional economics : Stigler's and Leibenstein's war of the words | Macquarie University ResearchOnline

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Title: The xistence of definitional economics : Stigler's and Leibenstein's war of the words
Related: Cambridge journal of economics, Vol. 26, Issue 2, p. 161-178
DOI: 10.1093/cje/26.2.161
Publisher: Oxford University Press
Date: 2002
Author/Creator: Freedman, Craig
Description: The inability to agree on definitions ultimately can condemn economic analysis and debate to fruitless argumentation. The sharp interchange between Stigler and Leibenstein did little to clarify the issues surrounding the controversial theory of X-efficiency. Given their conflicting agendas, discussion between these two opponents consisted largely of talking at cross purposes. This paper examines the motivations of the two protagonists as well as considering the impact such tactics have on economic debate and discussion.
Description: 18 page(s)
Subject Keyword: X-efficiency
Subject Keyword: allocative efficiency
Subject Keyword: Leibenstein
Subject Keyword: Stigler
Resource Type: journal article
Organisation: Macquarie University. Dept. of Economics

Macquarie University ResearchOnline