NOTES ON THE "X" EFFICIENCY APPROACH TO INFLATION, PRODUCTIVITY AND UNEMPLOYMENT.

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HARVEY LEIBENSTEIN

Abstract

Our general interest will be the relationship between inflation, productivity, and unemployment in developed economies. Rather than providing solutions, we will consider a somewhat unconventional way of perceiving and analyzing a class of problems. Providing definitive solutions or explanations for these problems would require a stylized set of data to define them. However, these do not exist. It should also be kept in mind that the ideas presented and the analytical techniques suggested are not comprehensive enough to cover all aspects of the problem.

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Author Biography

HARVEY LEIBENSTEIN

Presentation by the Author at the Sixth World Congress on Economics.

References

Harvey Leibenstein, "A Branch of Economics is Missíng: Micro-Micro Theory", Journal of Economic Literature, junio de 1979.

Véase H. Leibenstein, Beyond Economic Man, Harvard University Press, Cambrid­ge, Massachusetts, 1976, Capítulo 3, p. 34 ff. También "X-Efficiency; From Conceptto Theory" Challenge, septiem­bre-octubre de 1979, pp. 19-20

Ibíd

Véase Challenge, op. cit.

Véase Beyond Economic Man, Capítulo 5-10

Herbert A. Simón, "Rationality as Pro- cess and as Product of Thought" Ameri- can Economic Review, mayo 1978, (68) pp 1-16.

Véase David K. Lewis, Conventions, Har­ vard University Press, 1969.