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This paper re-examines Ricardo's argument on machinery in the light of Samuelson's recent attempt to add new force to the long stream of its interpretations. This attempt is partly criticised and partly re-utilised to produce a new reconstruction of that argument. This reconstruction is carried...
Persistent link: https://www.econbiz.de/10012762248
This paper is focused on the macroeconomic aspects of Shackle's theory of decisions under uncertainty and, more particularly, of his theory of capital and interest. The paper starts by arguing that Shackle's general approach stems from the identification of, and conflict between, two Paradigms:...
Persistent link: https://www.econbiz.de/10012772076