Showing 1 - 10 of 125
The paper discusses Evsey Domar's role as a link between economics in the West and in Russia. The Russian heritage he brought with him from Harbin (Manchuria) to the US consisted of an interest in socialism and Russian history. He paid close attention to the 1947 Varga controversy in the USSR....
Persistent link: https://www.econbiz.de/10012515223
Around 50 years ago, Edmund Phelps and Robert Lucas proposed an answer to the question why changes in aggregate nominal spending bring about output and employment effects, instead of purely proportional variations in prices. The Phelps-Lucas monetary misperception hypothesis asserted that...
Persistent link: https://www.econbiz.de/10012656419
Robert Lucas’ 1972 article on the neutrality of money represented the first effective challenge to Samuelson’s neoclassical synthesis methodological separation between static microeconomic optimization and macroeconomic dynamics. Lucas rejected disequilibrium price dynamics, as expressed by...
Persistent link: https://www.econbiz.de/10012622345
The paper offers a view of Geoff Harcourt’s – b. 1931 in Melbourne; d. 2021 in Sydney – life trajectory as an Australian economist educated and active in the Cambridge UK tradition. His main contributions – to the Cambridge capital debates, history of economic thought and post-Keynesian...
Persistent link: https://www.econbiz.de/10013207020
The article investigates Wicksell's change of mind about the machinery question between 1890 and 1900/1901. Wicksell at first sided with the so-called "compensation theory" that workers are not harmed by the introduction of machinery. In his lecture notes of April 1900, made available here for...
Persistent link: https://www.econbiz.de/10011865125
The paper investigates historical aspects of the formation of the scientific community of economists in Brazil, taking the current research effort about the economics of Covid-19 as a starting-point of the narrative. The transnational character of science in general and economics in particular...
Persistent link: https://www.econbiz.de/10012506572
Persistent link: https://www.econbiz.de/10013539097
The present paper is set out to examine the place of Geoff Harcourt's 1965 "Two-sector model of the distribution of income and the level of employment in the short run" in his research agenda, as well as its original historical context and fate. That pioneer model articulated how the production...
Persistent link: https://www.econbiz.de/10013411360
Persistent link: https://www.econbiz.de/10003958699
Joan Robinson’s infatuation with Mao’s China remains the most controversial episode of the Cambridge economist’s life. Drawing on the literatures on observation in science and economics, and economists’ travels, we aim at overcoming the dichotomy between Robinson as a ‘political...
Persistent link: https://www.econbiz.de/10012622348