Aggregate Supply and Expected Demand Analysis in Keynes' General Theory: an Assay on the Micro-foundations

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (878 download)

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Book Synopsis Aggregate Supply and Expected Demand Analysis in Keynes' General Theory: an Assay on the Micro-foundations by : Carlo Casarosa

Download or read book Aggregate Supply and Expected Demand Analysis in Keynes' General Theory: an Assay on the Micro-foundations written by Carlo Casarosa and published by . This book was released on 1982* with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aggregate Supply and Expected Demand Analysis in Keynes' General Theory

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (933 download)

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Book Synopsis Aggregate Supply and Expected Demand Analysis in Keynes' General Theory by :

Download or read book Aggregate Supply and Expected Demand Analysis in Keynes' General Theory written by and published by . This book was released on 1983 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

John Maynard Keynes, Critical Assessment

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Publisher : Taylor & Francis
ISBN 13 : 9780415114165
Total Pages : 582 pages
Book Rating : 4.1/5 (141 download)

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Book Synopsis John Maynard Keynes, Critical Assessment by : John Cunningham Wood

Download or read book John Maynard Keynes, Critical Assessment written by John Cunningham Wood and published by Taylor & Francis. This book was released on 1994 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Use and Abuse of Aggregate Demand and Supply Functions

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Use and Abuse of Aggregate Demand and Supply Functions by : John Warwick Nevile

Download or read book The Use and Abuse of Aggregate Demand and Supply Functions written by John Warwick Nevile and published by . This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aggregate Demand and Supply

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Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Aggregate Demand and Supply by : Roger E. A. Farmer

Download or read book Aggregate Demand and Supply written by Roger E. A. Farmer and published by . This book was released on 2010 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make sense of Keynes we must assume that prices are sticky. I describe a multi-good model in which I interpret the definitions of aggregate demand and supply found in the General Theory through the lens of a search theory of the labor market. I argue that Keynes' aggregate supply curve can be interpreted as the aggregate of a set of first order conditions for the optimal choice of labor and, using this interpretation, I reintroduce a diagram that was central to the textbook teaching of Keynesian economics in the immediate post-war period.

The General Theory of Employment, Interest, and Money

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Publisher : Springer
ISBN 13 : 3319703447
Total Pages : 404 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis The General Theory of Employment, Interest, and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest, and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

On Keynes's Two Simplifications of His Aggregate Supply Curve Analysis in Chapter 21 of the General Theory

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis On Keynes's Two Simplifications of His Aggregate Supply Curve Analysis in Chapter 21 of the General Theory by : Michael Emmett Brady

Download or read book On Keynes's Two Simplifications of His Aggregate Supply Curve Analysis in Chapter 21 of the General Theory written by Michael Emmett Brady and published by . This book was released on 2018 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: O Lange's failure to read chapters 20 and 21 of the General Theory accounts for his failure to use Keynes already worked out simplifications for the case where the Aggregate Supply Curve was infinitely elastic or had a horizontal segment. Chapter 3 of the General Theory only presents an outline of what Keynes actually did later in the General Theory in chapters 20 and 21. No Aggregate Supply Curve was constructed in chapter 3 of the General Theory or even mentioned. Keynes gave general functional relationships for D and Z. Only in chapter 20 and the footnote on pp.55-56 does Keynes define what D and Z actually are, which is that D=pO and Z=P wN, where p is an expected price and P is expected profit. Keynes's introduction of the aggregate supply curve occurs in chapter 6 on pages 55-56 in footnote two. The chapter in which his aggregate supply curve is fully analyzed is in chapter 20. Keynes then presents two simplifications of his aggregate supply curve in chapter 21. These simplifications specify a horizontal range of his aggregate supply curve that was completely elastic. However, Keynes never assumed that his aggregate supply curve was horizontal. He allowed for various simplifications to be made after he had presented his complete D-Z theory in chapter 20.A number of economists, such as Lawrence Klein and Franco Modigliani, have incorrectly followed Lange's analysis, who failed to make it clear to the readers of his 1938 Economica article, that what was involved was actually two simplifications made by Keynes to Keynes's chapter 20 analysis. Keynes never assumed a completely elastic or horizontal aggregate supply curve anywhere in the General Theory or his post General Theory writings.

Perspectives in Industrial Organization

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Publisher : Springer Science & Business Media
ISBN 13 : 9400920733
Total Pages : 310 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Perspectives in Industrial Organization by : B. Dankbaar

Download or read book Perspectives in Industrial Organization written by B. Dankbaar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the key-note lectures and a selection of papers that were presented at the 15th Conference of the European Association for Research in Industrial Econo mics (EARlE) held under the auspices of GRASP at Erasmus University Rotterdam in 1988, plus an introductory chapter by the Editors. Upon suggestions by the Editors, all papers have been revised for this book, some more extensively than others. Robin Marris has added to his lecture a synopsis of the contributions to the Round Table on the Micro-Macro Interface which he chaired during the Conference. The papers cover issues that seem to be both interesting and relevant for the 1990s. While some of the papers are cast in a rather established research frame -enabling the use of regular academic routines - others are first attempts at delineating the contours of areas that are peripheral to what is often considered as the core of Industrial Organization. In their introductory chapter, the Editors set forth that a neglect of those areas may well relegate Industrial Organization to social irrelevancy. Therefore, it is hoped that the book will also contribute to a reflection on the main lines of Industrial Organization research for the 1990s -thus helping to create a healthy perspective for this part of economics at a time when macroeconomics is undergoing a severe crisis.

A Compendium of Italian Economists at Oxbridge

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Publisher : Springer
ISBN 13 : 3319322192
Total Pages : 297 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis A Compendium of Italian Economists at Oxbridge by : Mauro Baranzini

Download or read book A Compendium of Italian Economists at Oxbridge written by Mauro Baranzini and published by Springer. This book was released on 2016-09-21 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines five decades of Italian economists who studied or researched at the Universities of Oxford and Cambridge between the years 1950 and 2000. Providing a detailed list of Italian economists associated with Hicks, Harrod, Bacharach, Flemming, Mirrlees, Sen and other distinguished dons, the authors examine eleven research lines, including the Sraffa and the neo-Ricardian school, the post-Keynesian school and the Stone’s and Goodwin’s schools. Baranzini and Mirante trace the influence of the schools in terms of 1) their fundamental role in the evolution of economic thought; 2) their promotion of four key controversies (on the measurement of technical progress, on capital theory, on income distribution and on the inter-generational transmission of wealth); 3) the counter-flow of Oxbridge scholars to academia in Italy, and 4) the invigoration of a third generation of Italian economists researching or teaching at Oxbridge today. A must-read for all those interested in the way Italian and British research has shaped the study and teaching of economics.

Finance & Development, September 2014

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Publisher : International Monetary Fund
ISBN 13 : 1475566980
Total Pages : 60 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Finance & Development, September 2014 by : International Monetary Fund. External Relations Dept.

Download or read book Finance & Development, September 2014 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2014-08-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.

The Notion of Equilibrium in the Keynesian Theory

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Publisher : Springer
ISBN 13 : 1349220868
Total Pages : 264 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The Notion of Equilibrium in the Keynesian Theory by : Mario Sebastiani

Download or read book The Notion of Equilibrium in the Keynesian Theory written by Mario Sebastiani and published by Springer. This book was released on 2016-07-27 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the reasons which make the Keynesian controversy still so live, is the missing distinction between aspects concerning methodology and others pertaining to theory. Another cause of the ongoing debate is to be found in unsettled problems concerning methodology, in primis the concept the equilibrium. Nor could the situation have been different, given, on the one hand, Keynes's manifest disaffection with these matters (especially in The General Theory) and, on the other hand, their implications as regards Keynesian economic theory and policy. The aim of this volume ensues from this analysis; accordingly, a wide spectrum of questions of method are considered and different interpretations of Keynes's approach in this field are taken into consideration.

Luigi L. Pasinetti: An Intellectual Biography

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Publisher : Springer
ISBN 13 : 3319710729
Total Pages : 396 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Luigi L. Pasinetti: An Intellectual Biography by : Mauro L. Baranzini

Download or read book Luigi L. Pasinetti: An Intellectual Biography written by Mauro L. Baranzini and published by Springer. This book was released on 2018-03-18 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Luigi L. Pasinetti (born 1930) is arguably the most influential of the second generation of the Cambridge Keynesian School of Economics, both because of his achievements and his early involvement with the direct pupils of John Maynard Keynes. This comprehensive intellectual biography traces his research from his early groundbreaking contribution in the field of structural economic dynamics to the ‘Pasinetti Theorem’. With scientific outputs spanning more than six decades (1955–2017), Baranzini and Mirante analyse the impact of his research work and roles at Cambridge, the Catholic University of Milan and at the new University of Lugano. Pasinetti’s whole scientific life has been driven by the desire to provide new frameworks to explain the mechanisms of modern economic systems, and this book assesses how far this has been achieved.

Bulletin

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Publisher :
ISBN 13 :
Total Pages : 476 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Bulletin by : Université catholique de Louvain (1835-1969). Centre de recherches économiques

Download or read book Bulletin written by Université catholique de Louvain (1835-1969). Centre de recherches économiques and published by . This book was released on 1991 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IS-LM and Modern Macroeconomics

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Publisher : Springer Science & Business Media
ISBN 13 : 940100644X
Total Pages : 171 pages
Book Rating : 4.4/5 (1 download)

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Book Synopsis IS-LM and Modern Macroeconomics by : Warren Young

Download or read book IS-LM and Modern Macroeconomics written by Warren Young and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. As will be seen, therefore, the IS-LM model is `not yet dead'. Rather, the model's `plasticity' has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.

The General Theory

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Publisher : Routledge
ISBN 13 : 1134824157
Total Pages : 340 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The General Theory by : G. C. Harcourt

Download or read book The General Theory written by G. C. Harcourt and published by Routledge. This book was released on 2005-06-27 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume contains essays which relate to developments in Keynes' scholarship and theorizing in the years since his death and demonstrates the ongoing validity of the Keynesian tradition.

Keynes and the Modern World

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Publisher : CUP Archive
ISBN 13 : 9780521258531
Total Pages : 298 pages
Book Rating : 4.2/5 (585 download)

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Book Synopsis Keynes and the Modern World by : George David Norman Worswick

Download or read book Keynes and the Modern World written by George David Norman Worswick and published by CUP Archive. This book was released on 1983-12-22 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the proceedings of the major conference held to celebrate the centenary of the birth of John Maynard Keynes at King's College, Cambridge. It brings together major international figures in economics and looks at Keynesian economics and the relevance of Keyne's ideas today. In addition to the main speakers and discussants, summaries of the discussions on each paper and memoirs of Maynard Keynes from Sir Austin Robinson, Richard Braithwaite and James Meade are also included.

Australian Economic Papers

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Publisher :
ISBN 13 :
Total Pages : 912 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Australian Economic Papers by :

Download or read book Australian Economic Papers written by and published by . This book was released on 1987 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt: