The 1930s was a time when various doubts were raised about the assumptions of economics. In this context, the Economic Research Group, established at Oxford University, conducted a survey of the actual state of affairs, asking the question, "Are prices in each market elastic?" In addition to surveys of interest rates and exchange rates, with regard to industrial organization, a survey of corporate behavior was conducted, led by P. W. Andrews, to examine whether the rule of behavior, maximizing profits based on marginal cost, was empirically valid. Source: Heibonsha World Encyclopedia, 2nd Edition Information |
1930年代は,経済学の諸仮定にさまざまな疑問が提出された時代であった。こうした流れのなかでオックスフォード大学につくられた経済調査グループは,〈各市場の価格は弾力的か〉について実態調査を行った。利子率や為替レートに関する調査のほか,産業組織に関しては,限界費用にもとづく利潤の最大化という行動のルールについて,はたしてそれが実証的に妥当するかについて,P.W.アンドルーズを中心として企業行動の実態調査が行われた。
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