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Keynes and the Long Period: The Economic Possibilities for Our Grandchildren
Pozzolo, Alberto Franco; Rancan, Antonella - In: QA - Rivista dell'Associazione Rossi-Doria (2010) 1
Keynes’s long period considerations set out in the essay Economic possibilities for our grandchildren. Comments concentrate … on two of Keynes’s principal forecasts, improvement in the tenor of life and solution of the economic problem, offering …, comparison is made between the thesis Keynes set out in the General Theory and the argumentation pursued by the post …
Persistent link: https://www.econbiz.de/10008508599
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Chapter 36 Agent-Based Macro
Leijonhufvud, Axel - In: Handbook of computational economics : volume 2, …, (pp. 1625-1637). 2006
capitalistic economy. Keynes challenged the presumption that flexibility of all prices guaranteed the stability of general …
Persistent link: https://www.econbiz.de/10014024369
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Taking Back Globalization
Duggan, Marie Christine - In: Review of Radical Political Economics 45 (2013) 4, pp. 508-516
. During World War II, Keynes had similar misgivings about the effect of postwar free trade on Britain’s economy. Yet for … Keynes, economic forces are never inevitable, and capital rather than labor was the cause of trouble. His 1941 proposal for …
Persistent link: https://www.econbiz.de/10011137372
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La formulation du modèle keynésien et le choix de l'unité de mesure
Béraud, Alain - In: Recherches économiques de Louvain 80 (2014) 3, pp. 21-50
This contribution analyzes how Keynes and the Keynesians asked the question of the choice of the unit of measure of the … macroeconomic aggregates. Underlining the narrow relationships which exist between the lectures Keynes professed between 1933 and … 1935 and the diverse versions of the model IS-LM, it shows that the problems arise from the way Keynes had approached this …
Persistent link: https://www.econbiz.de/10011187379
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Total Factor Productivity: A Short Biography
Hulten, Charles R. - National Bureau of Economic Research (NBER) - 2000
Economists have long recognized that total factor productivity is an important factor in the process of economic growth. However, just how important it is has been a matter of ongoing controversy. Part of this controversy is about methods and assumptions. Total factor productivity growth is...
Persistent link: https://www.econbiz.de/10005774962
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A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version)
Carroll, Christopher - National Bureau of Economic Research (NBER) - 2001
This paper argues that the modern stochastic consumption model, in which impatient consumers face uninsurable labor income risk, matches Milton Friedman's (1957) original description of the Permanent Income Hypothesis much better than the perfect foresight or certainty equivalent models did. The...
Persistent link: https://www.econbiz.de/10005829928
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In praise of structural macroeconometrics/En defensa de la macroeconometría estructural.
LORÍA, EDUARDO - In: Estudios de Economía Aplicada 24 (2006) Abril, pp. 277-297
Since the mid seventies a wave of critics against structural econometrics (Cowles Commission approach) arose, severely damaging its reputation and its use in common econometric practice. Despite some of those critics apply, this approach has being restored and therefore continues to be the work...
Persistent link: https://www.econbiz.de/10005814436
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Retrospectives: Price Indexes and General Exchange Values
Persky, Joseph - In: Journal of Economic Perspectives 12 (1998) 1, pp. 197-205
value of money would identify true values, Jevons, Marshall, and especially Keynes were highly skeptical that such values …
Persistent link: https://www.econbiz.de/10005820010
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Economical Behaviour and Economic Relations
Nikolov, Ivan - In: Economic Thought journal (2008) 7, pp. 64-72
In the late 40-ies of XX c., Claude Shannon developed the formula for the information unit, the bit. Since then, the problem concerning the informative essence of the economic processes and the phenomena in general initiated a new direction in science. However, the information theory has still...
Persistent link: https://www.econbiz.de/10005385192
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The Evolution of Economic Theory during the Twentieth Century
Mladenova, Zoya - In: Economic Thought journal (2006) 7, pp. 49-71
The paper deals with the development of economic theory during the XX century. It aims to present some of the main steps and achievements of economic thought in the last century. Sharing the vision, that pluralism is the principal characteristics of the development of the XX century economic...
Persistent link: https://www.econbiz.de/10005385199