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Hayek; social theorist of the century
Formaini, Robert L. - In: Economic Insights (1999)
Persistent link: https://www.econbiz.de/10005545047
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Why Milton Friedman Was Rare
Henderson, David R. - In: Econ Journal Watch 10 (2013) 2, pp. 189-194
rare combination of characteristics. His brilliance showed up in his economics work early in his life and led him to some … major contributions that affected the profession’s views on Keynesian economics, the causes of the Great Depression, and …
Persistent link: https://www.econbiz.de/10010659519
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Kenneth Boulding's Reconstruction of Macroeconomics
Wray, L. Randall - In: Review of Social Economy 55 (1997) 4, pp. 445-463
Boulding's reconstruction of macroeconomics provides a “microfoundation” based on liquidity preference theory, a balance sheet approach, and a process of homeostasis. These microfoundations are consistent with his aggregate theory and avoid fallacies of composition—such as the paradox of...
Persistent link: https://www.econbiz.de/10009200450
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Economics in Europe
Lindbeck, Assar - In: CESifo Forum 2 (2001) 1, pp. 31-32
Persistent link: https://www.econbiz.de/10005013118
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Ricardo versus Thornton on the appropriate monetary response to supply shocks
Humphrey, Thomas M. - In: Economic Review (1990) Nov, pp. 18-24
David Ricardo (1772-1823) recommended countering supply shocks with monetary contraction. Henry Thornton (1760-1815) advised a constant-money response. Their views hinged (1) on the neutrality or non-neutrality of money-stock changes on real output and employment and (2) on the costs of...
Persistent link: https://www.econbiz.de/10005063923
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Mercantilists and classicals: insights from doctrinal history
Humphrey, Thomas M. - In: Economic Quarterly (1999) Spr, pp. 55-82
Persistent link: https://www.econbiz.de/10005526782
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Mercantilists and classicals: insights from doctrinal history. 1998 annual report of the Federal Reserve Bank of Richmond
Humphrey, Thomas M. - In: Annual Report (1998)
Persistent link: https://www.econbiz.de/10005537955
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John Wheatley's theory of international monetary adjustment
Humphrey, Thomas M. - In: Economic Quarterly (1994) Sum, pp. 69-85
Persistent link: https://www.econbiz.de/10005429729
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Axel Leijonhufvud and the Quest for Micro-foundations -- Some Reflections
Laidler, David - University of Western Ontario, Economic Policy Research … - 2006
Axel Leijonhufvud's On Keynesian Economics and the Economics of Keynes (1968) was a seminal contribution to the … literature on what came to be known as the micro-foundations of macro-economics, but its Marshallian approach, which involved … insights about why the relevance of now-orthodox economics might be limited to helping us understand the economy's performance …
Persistent link: https://www.econbiz.de/10005212379
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Old views and new perspectives: on reading Hick's 'Mr. Keynes and the Classics'
Barens, Ingo; Caspari, Volker - In: The European Journal of the History of Economic Thought 6 (1999) 2, pp. 216-241
This paper discusses the different macroeconomic models presented in Hicks's seminal 1937 article on the IS-LM (or SI-LL) approach. Hicks's treatment of the supply side Keynes's reaction to the different SI-LL models later developments of SI-LL by Hicks and his comments on the construction of...
Persistent link: https://www.econbiz.de/10009221587