Market syndicalism and market imbalances

Article Abstract:

The basic features of market syndicalism that causes the occurence of market imbalances in such an economy are discussed. This involves an examination of the function of product price for clearing both product and labor markets. The capability of government tax/subsidy policies for correcting this dilemma concerning equilibral divergence is also evaluated. It was found that an appropriately planned and executed intervention by the government is necessary for clearing markets under syndicalism.

Economic aspects, Subsidies

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A new theory of industrialization

Article Abstract:

The comparative statics of a new equilibrium model are employed to advance a new theory concerning the industrialization process. The model is characterized by consumer-producers as agents, economics of specialization and transaction costs. It may also be used to forecast concurrent events which occur in the course of industrialization. These include productivity gains, increases in capital goods and growing trade dependence.

Models, Industrial development, Industrialization, Equilibrium (Economics)

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