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This chapter draws on the debt-deflation process of <link rid="b17">Fisher (1933</link>) as well as on <link rid="b30">Keynes (1936</link>, chapter 19) and <link rid="b51">Tobin (1975</link>, <link rid="b52">1980</link>) to explore the concept of a corridor of stability, where an economy will be self-adjusting only for demand shocks small enough to leave it within that corridor....
Persistent link: https://www.econbiz.de/10005295173
This paper examines how economists from David Hume to Irving Fisher have struggled with the applicability of their analyses to those who differed from them in gender, ethnicity, class, or race. Particular attention is paid to how Fisher's discussion of racial and ethnic differences in capital...
Persistent link: https://www.econbiz.de/10005215340
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Repeatedly throughout his career, and especially when giving special invited lectures to national gatherings of economists, Harry Johnson reexamined the impact of Keynes's "General Theory" and its parallels with the revival of the quantity theory of money. This paper explores Johnson's changing...
Persistent link: https://www.econbiz.de/10005662896
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This essay discusses Fisher's contributions to life extension and to human capital theory. Copyright 2005 American Journal of Economics and Sociology, Inc..
Persistent link: https://www.econbiz.de/10005662911