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Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income … Marshall's theory of capital was the establishment of a functional link between the theory of value and the theory of money. As … a quantity-theorist, Marshall held a "real" theory of the long-period determination of the rate of interest, in the …
Persistent link: https://www.econbiz.de/10011111391
Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … analysis as distinct from microeconomic analysis--may be understood as a particular application of Marshall's moving …
Persistent link: https://www.econbiz.de/10008515855
Entry for the Elgar Companion to Alfred Marshall, edited by Tiziano Raffaelli, Marco Dardi, and Giacomo Becatini …
Persistent link: https://www.econbiz.de/10010427403
Entry for the Elgar Companion to Alfred Marshall, edited by Tiziano Raffaelli, Marco Dardi, and Giacomo Becatini …
Persistent link: https://www.econbiz.de/10005121204
Alfred Marshall was by no means ignored, but his influence on Swedish economic thought at the end of the 19th and … Jevons, Menger, Walras and, especially, Böhm-Bawerk. Gustav Cassel was inspired especially by Walras, but preferred Marshall … to Böhm-Bawerk. There are not many references to Marshall in Heckscher's writings, but there may have been an indirect …
Persistent link: https://www.econbiz.de/10005651727
Entry for "The Elgar Companion to Alfred Marshall", edited by Tiziano Raffaelli, Marco Dardi, and Giacomo Becatini …
Persistent link: https://www.econbiz.de/10010440450
Neoclassical economists of the current era frequently pay lip service to Adam Smith’s theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith’s notion of value, his understanding of the...
Persistent link: https://www.econbiz.de/10011695560
Homer clearly expressed the economic problem of choosing the best option among several alternatives given a certain set of restrictions. In the Odyssey he specifically wrote about the minimum cost choice. This kind of problem, as is well known, is at the heart of the neoclassical economics. We...
Persistent link: https://www.econbiz.de/10013028101
Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...
Persistent link: https://www.econbiz.de/10012951067
Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was often seen as a reformist that intended to preserve the...
Persistent link: https://www.econbiz.de/10014529493