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From Long-Run Utopia to Technical Expertise: Solow's Growth Model as a Multipurpose Design

Halsmayer, Verena - 2014

Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many different purposes. As a working object it enabled...

Persistent link: https://www.econbiz.de/10011592228

The Genesis of Samuelson and Solow's Price-Inflation Phillips Curve

Hoover, Kevin D. - 2014

Samuelson and Solow in their 1960 paper in the American Economic Review: Papers and Proceedings were among the first economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They addressed the question of the relevance of Phillips's...

Persistent link: https://www.econbiz.de/10011592229

Beyond capital fundamentalism: Harrod, Domar and the history of development economics

Boianovsky, Mauro - 2015

The origins of "capital fundamentalism' – the notion that physical capital accumulation is the primary determinant of economic growth – have been often ascribed to H arrod's and Domar's proposition that the rate of growth is the product of the saving rate and of the outpu t - capital ratio....

Persistent link: https://www.econbiz.de/10011592246

A review of Alan Bollard's 'A Few Hares to Chase: The Economic Life and Times of Bill Phillips'

Hoover, Kevin D. - 2017

A.W.H. Phillips is little known to the economics profession today, except at the creator of the Phillips curve. Bollard's engaging biography tells the story of a provincial New Zealander and practical engineer, who emerges as a hero in World War II, and plots a spectacular rise from 3rd class...

Persistent link: https://www.econbiz.de/10011613820

Paul Samuelson's ways to macroeconomic dynamics

Boianovsky, Mauro - 2019

Samuelson kept optimization-based problems separated from macroeconomic dynamics in his Foundations, where dynamics were defined in terms of difference and differential equations. Despite some criticism of his "correspondence principle" of stability analysis by D.F. Gordon, D. Patinkin and...

Persistent link: https://www.econbiz.de/10012006484

Kalecki's Profit Equation after 80 Years

Laski, Kazimierz; Walther, Herbert - 2013

Abstract Keynes and Kalecki both assume that private investment determines (but is not determined by) private savings …. For Keynes, the desired level of saving is an increasing function of GDP, somehow related to the psychology of the society …

Persistent link: https://www.econbiz.de/10012099929

The Brazilian connection in Milton Friedman's 1967 presidential address and 1976 Nobel lecture

Boianovsky, Mauro - 2018

The paper investigates the role played by Friedman's interpretation of the Brazilian inflation in his 1967 formulation of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face of chronic inflation. It is argued that, as an empirical...

Persistent link: https://www.econbiz.de/10011893098

Innovationen, Imitationen und Differenzgewinne: Die Barone-Kurve im Kontext wirtschaftlicher Entwicklung

Sell, Friedrich L. - 2019

In this paper, we intend so "re-construct" the famous Barone-curve, which goes back to Enrico Barone's contributions to economics in the 1930s. After discussing the comparative statics and the distribution of profits features of the model, we have explicitly introduced, for the first time, the...

Persistent link: https://www.econbiz.de/10011964134

Liquidity preference theory revisited: to ditch or to build on it?

Bibow, Jörg - 2005

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … policy. Contrary to the neoclassical special case interpretation, Keynes considered his liquidity preference theory of … deliberate monetary control can be applied to attain acceptable real performance. In this regard, it is argued that Keynes …

Persistent link: https://www.econbiz.de/10010266545

Static and dynamic price effects motivated by innovation and imitation: Novel insights using the Barone's curve

Antonenko, Valentyna; Katranzhy, Leonid; Moiseienko, … - In: Contemporary Economics 14 (2020) 1, pp. 73-89

Luigi Barone's famous curve offers an excellent framework for the study of the microeconomic and macroeconomic implications of innovation and imitation. However, neither Barone nor his epig- ones have been able to sufficiently "exploit" his contribution to date. Complementing his analysis of...

Persistent link: https://www.econbiz.de/10014544546