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On the occasion of the centennial of his mentor Alvin Hansen, Paul Samuelson published in 1988 a modified version of his seminal 1939 multiplier-accelerator model with the specific aim to address aspects of Hansen's secular stagnation hypothesis. The "Keynes-Hansen-Samuelson" model (or KHS, as...
Persistent link: https://www.econbiz.de/10013468447
is divided into two main parts. Part I considers the positive theory of income distribution, beginning with the classical …. In the twentieth century, the neoclassical theory was extended to include analysis of the role of imperfect competition … continues with the attempts to establish an analytical foundation for welfare economics. The rise of Paretian welfare theory …
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Blending past and present, this brief history of economics is the perfect book for introducing students to the field. A Brief History of Economics illustrates how the ideas of the great economists not only influenced societies but were themselves shaped by their cultural milieu. Understanding...
Persistent link: https://www.econbiz.de/10011183881
Classical economists - mainly Smith, Ricardo and J.S. Mill - abhorred public debts because of their interference with capital accumulation. J.S. Mill in particular envisaged that a rising public debt leads to higher interest rates and falling real wages, a combination which may be consistent...
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1. Styles of Scientific Reasoning as Historiographical Metaphor: A Reply to Martin Kusch -- 2. The Myth of the Framework and the Modes of Thought in Economics -- 3. Historical Epistemology of Ecological Economics and Styles of Economic Reasoning -- 4. The Crisis of the Historical Style of...
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John Tomer was a leading intellectual figure in behavioural economics, making distinct contributions to the theory of … the firm, social economy, choice theory, and government policy. His underlying methodology as an economist was to … books in economic theory, co-operatives, and public policy including, Behavioral Economics for Dummies, Economic Growth and …
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