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Hoover, Kevin D. - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 15-34

The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding … classical macroeconomics) to Keynes. The real story is more complicated and involves at least two distinct threads. Keynes was … central. Keynes’s vision of macroeconomics is better described as “medical.” It is based in human psychology and individual …

Persistent link: https://www.econbiz.de/10011122331

How pursuing wealth annihilates the arts of life. Interpretative essay of Economic Possibilities for our Grandchildren from J. M. Keynes (1930).

Pottier, Antonin - In: Cahiers d’économie politique / Papers in Political … (2014) 66, pp. 7-34

Keynes’ rationale in Economic Possibilities for our Grandchildren uses three pivotal themes: economic growth, man … consider the rationale as a whole and show that Keynes displays a criticism of capitalism, as it destroys the possibility to …

Persistent link: https://www.econbiz.de/10010787023

INCOME DISTRIBUTION AND THE TRADE CYCLE IN THE ‘YEARS OF HIGH THEORY’

Assous, Michaël - In: Cahiers d’économie politique / Papers in Political … (2011) 61, pp. 91-112

There is a short period, at the eve of the Second World War, where the development of macroeconomic theory pushed imperfect competition to the fore. During this period called by Shackle the ‘years of high theory’, many issues concerning income distribution and the trade cycle were raised....

Persistent link: https://www.econbiz.de/10009371100

Kaldor and the Keynesian theory of distribution

Béraud, Alain - In: Cahiers d’économie politique / Papers in Political … (2011) 61, pp. 113-156

Kaldor presents his analysis of the distribution as a Keynesian theory. His work is inspired by Keynes’ contributions …, in the Treatise on Money, and by Kalecki. However, while Keynes and Kalecki develop analyses of short period, Kaldor …

Persistent link: https://www.econbiz.de/10009371102

Growth as an objective of economic policy in the early 1960s: the role of aggregate demand

Schwarzer, Johannes A. - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 175-206

This paper sheds light on economic policy discussions in the early 1960s about whether there is an optimal level of demand to maximise the rate of growth. This discussion was influenced by the Cold War, which urged policy makers particularly in the USA to achieve higher rates of growth than the...

Persistent link: https://www.econbiz.de/10011122326

Lhe law of diminishing elasticity of demand in Harrod’s trade cycle

Assous, Michaël; Bruno, Olivier; Dal-Pont, Muriel - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 159-174

In The Trade Cycle, Roy Harrod [1936a] propounded the Law of Diminishing Elasticity of Demand. The present paper tries to clarify the precise role Harrod assigned to this law in his The Trade Cycle Theory. We discuss the micro and macro foundations of the Law of Diminishing Elasticity of Demand...

Persistent link: https://www.econbiz.de/10011122327

stabilization policies and banking behaviors: a rereading of Minsky’s conception of business cycles

Nasica, Eric - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 207-229

The aim of this paper is to add to current debates on the efficiency of economic stabilization policies through an analysis of the conception of business cycles developed by Minsky in his earliest work at the end of the 1950s.

Persistent link: https://www.econbiz.de/10011122329

Capital circulation and the explanation of economic change by Marschak, Frisch and Leontief

Akhabbar, Amanar - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 119-158

We analyze a series of macroeconometric models developed in the years of high theory by Marschak, Frisch and Leontief. These models share an explanation of growth, cycles and fluctuations (“economic change”), based on the analysis of the circulation of capital goods among producers. They...

Persistent link: https://www.econbiz.de/10011122330

Modeling the interaction of cycles and growth in the fifties: two schumpeterian attempts

Raybaut, Alain - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 55-80

In post-war macroeconomics, economic dynamics generally refers to two distinct phenomena, economic growth and business cycles, which implies the existence of a strict dichotomy between short run and long-run analysis. In this paper we focus on two original exceptions to this prevailing view...

Persistent link: https://www.econbiz.de/10011122332

Kuznets versus kondratieff An essay in historical macroeconometrics

Diebolt, Claude - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 81-118

Spectral analysis has had limited applications in cliometrics to date. In this paper, it is used to determine, through international comparisons, the frequency of GDP series in the long run. A reminder of the spectral methodology (I) is followed by successive examinations of the series chosen,...

Persistent link: https://www.econbiz.de/10011122333