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Author : Peter Lewin
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610164849
Total Pages : 279 pages
Book Rating : 4.6/5 (11 download)
Download or read book Capital in Disequilibrium written by Peter Lewin and published by Ludwig von Mises Institute. This book was released on with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter Lewin
Publisher : Routledge
ISBN 13 : 1134756046
Total Pages : 266 pages
Book Rating : 4.1/5 (347 download)
Download or read book Capital in Disequilibrium written by Peter Lewin and published by Routledge. This book was released on 1998-12-17 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an accessible discussion of one of the most important, but also one of the most difficult, areas in economics.
Author : Peter Lewin
Publisher : Psychology Press
ISBN 13 : 9780415147064
Total Pages : 255 pages
Book Rating : 4.1/5 (47 download)
Download or read book Capital in Disequilibrium written by Peter Lewin and published by Psychology Press. This book was released on 1999 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an accessible discussion of one of the most important, but also one of the most difficult, areas in economics.
Author : Ludwig M. Lachmann
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610165276
Total Pages : 148 pages
Book Rating : 4.6/5 (11 download)
Download or read book Capital and Its Structure written by Ludwig M. Lachmann and published by Ludwig von Mises Institute. This book was released on 1956 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Scott Burns
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Road Less Traveled written by Scott Burns and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: For nearly 80 years, the field of macroeconomics has largely been shaped by the aftermath of the Keynesian revolution. Many economists have argued that his revolution and the subsequent internal and external disputes it has sparked have had the unfortunate side effect of crowding out much of what was good in macro-level analysis before it, leading to the dissatisfactory state of macroeconomics we have today. In the search for alternative paths for macroeconomics, I focus on two separate but compatible traditions: monetary disequilibrium theory (MDT) and the Austrian business cycle theory (ABCT). I argue that scholars in these traditions employed a far richer micro-theoretic explanation for the business cycle well before Keynes's General Theory. Unfortunately, their ideas were not united in time to mount a sufficient counterattack to the Keynesian crusade. My goal is to unite the best elements of these two traditions by providing what I believe is the “missing link” that can help connect these alternative paths: free banking theory.
Author : Fabio Petri
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008300
Total Pages : 400 pages
Book Rating : 4.0/5 (83 download)
Download or read book General Equilibrium, Capital and Macroeconomics written by Fabio Petri and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Fabio Petri has been a persistent critic of marginalist theories of value and distribution. In this provocative book, he presents an extensive scrutiny of the reasons why many economists are unsatisfied with the Neo-Walrasian approach to General Equilibrium theory and why some reject it altogether. General Equilibrium, Capital and Macroeconomics throws down a challenge to all economic theorists.' - Neri Salvadori, University of Pisa, Italy 'General Equilibrium, Capital and Macroeconomics is a thorough and deep book. It contains a remarkably clear and precise statement of the conceptual, methodological and analytical difficulties besetting the demand and supply approach to economics as it is advocated in partial and general equilibrium models, old and new, micro and macro. This work covers essential parts of modern economics, it is well written and the subject matter is carefully arranged. The book will be of interest to a wide range of economists.' - Heinz D. Kurz, University of Graz, Austria This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as the negative dependence of aggregate investment on the interest rate, or the existence of a downward-sloping demand curve for labour) which had their basis in the long-period versions where capital was treated as a single factor.
Author : Roger W Garrison
Publisher : Routledge
ISBN 13 : 1134895895
Total Pages : 435 pages
Book Rating : 4.1/5 (348 download)
Download or read book Time and Money written by Roger W Garrison and published by Routledge. This book was released on 2000-10-19 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of
Author : Douglas M. Patterson
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (13 download)
Download or read book A Disequilibrium Capital Asset Pricing Model written by Douglas M. Patterson and published by . This book was released on 2018 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic models are almost exclusively static. The models describe equilibrium, but do not tell us the path taken to reach the equilibrium. By contrast, the model of asset pricing presented here is rarely in equilibrium; when equilibrium is reached, random forces perturb the price system away from equilibrium, which is followed by the gradual restoring force of rational traders who are attempting to earn profits from the market's miss-pricing of capital assets. Trading takes place in continuous time. The rational traders are endowed with perfect knowledge of the current value of each security. However, they face uncertainty in their market positions because in order to exploit their superior knowledge they must trade with noise traders. The market is able to “clear” through the actions of a market maker. The opportunity set for risky assets is stochastic. General as well as specific solutions to the market dynamics problem are presented. It is shown that market prices are non-negative, but not necessarily bounded from above in finite time.
Author : John Hicks
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.3/5 (512 download)
Download or read book Capital and Growth written by John Hicks and published by Oxford University Press, USA. This book was released on 1972 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Heinz Glück
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.X/5 ( download)
Download or read book A Disequilibrium Model for International Capital Flows written by Heinz Glück and published by . This book was released on 1978 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4.:/5 (931 download)
Download or read book Employment, Output and Capital Accumulation in an Open Economy written by and published by . This book was released on 1971 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : C. J. Bliss
Publisher : North-Holland
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.3/5 (9 download)
Download or read book Capital Theory and the Distribution of Income written by C. J. Bliss and published by North-Holland. This book was released on 1975 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problem of capital, Production without capital; Equilibrium, prices and time; Semi-stationary growth; Marginal products and capital; The Cambridge model; ...
Author : Charles van Marrewijk
Publisher : Ashgate Publishing
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.3/5 (91 download)
Download or read book Disequilibrium Growth Theory written by Charles van Marrewijk and published by Ashgate Publishing. This book was released on 1993 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Static disequilibrium economic theory fails to analyse the dynamic effects of market disequilibrium, whereas standard growth theory always assumes markets to be in equilibrium. Both shortcomings can be overcome by disequilibrium growth theory. A problem arises, however, because different short term disequilibrium regimes give rise to differential equations. The dynamic analysis, therefore, has to take into consideration the possibility of regime switching. Various solutions have been put forward for this problem, but they generally do not give unique solutions. The method developed by Filippov gives a unique solution that coincides with the classical solution to differential equations in the interior of the regimes. This approach has been used in several papers in the past decade. This book seeks to fill the gap in the literature on what has been achieved so far.
Author : John Pickles
Publisher : John Wiley & Sons
ISBN 13 : 1118632893
Total Pages : 320 pages
Book Rating : 4.1/5 (186 download)
Download or read book Articulations of Capital written by John Pickles and published by John Wiley & Sons. This book was released on 2016-03-03 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Articulations of Capital offers an accessible, grounded, yet theoretically-sophisticated account of the geographies of global production networks, value chains, and regional development in post-socialist Eastern and Central Europe. Proposes a new theorization of global value chains as part of a conjunctural economic geography Develops a set of conceptual and theoretical arguments concerning the regional embeddedness of global production Draws on longitudinal empirical research from over 20 years in the Bulgarian and Slovakian apparel industries Makes a major intervention into the debate over the economic geographies of European integration and EU enlargement
Author : J. R. Hicks
Publisher : Clarendon Press
ISBN 13 : 0191521256
Total Pages : 228 pages
Book Rating : 4.1/5 (915 download)
Download or read book Capital and Time written by J. R. Hicks and published by Clarendon Press. This book was released on 1987-10-15 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1973, takes up an important approach to capital which had gone out of fashion. It is being reissued in paperback in recognition of the recent renewed interest in this approach. The 'Austrian' theory of capital concentrates on the inputs and outputs in the productive process, and has an advantage over more modern theories of economic dynamics in that it is more naturally expressible in economic terms: the production process over time is taken as a whole, rather than disintegrated. However, this approach had been largely abandoned because it seemed to be unable to deal with fixed capital. Sir John overcomes this problem here by allowing for a sequence of outputs, and the consequences for dynamic economics are profound and novel.
Author : Christopher Woodruff, David McKenzie, Suresh de Mel
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4./5 ( download)
Download or read book Returns to capital in microenterprises : evidence from a field experiment written by Christopher Woodruff, David McKenzie, Suresh de Mel and published by World Bank Publications. This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Small and informal firms account for a large share of employment in developing countries. The rapid expansion of microfinance services is based on the belief that these firms have productive investment opportunities and can enjoy high returns to capital if given the opportunity. However, measuring the return to capital is complicated by unobserved factors such as entrepreneurial ability and demand shocks, which are likely to be correlated with capital stock. The authors use a randomized experiment to overcome this problem and to measure the return to capital for the average microenterprise in their sample, regardless of whether they apply for credit. They accomplish this by providing cash and equipment grants to small firms in Sri Lanka, and measuring the increase in profits arising from this exogenous (positive) shock to capital stock. After controlling for possible spillover effects, the authors find the average real return to capital to be 5.7 percent a month, substantially higher than the market interest rate. They then examine the heterogeneity of treatment effects to explore whether missing credit markets or missing insurance markets are the most likely cause of the high returns. Returns are found to vary with entrepreneurial ability and with measures of other sources of cash within the household, but not to vary with risk aversion or uncertainty.
Author : Geert Reuten
Publisher : Historical Materialism
ISBN 13 : 9781642593730
Total Pages : 727 pages
Book Rating : 4.5/5 (937 download)
Download or read book The Unity of the Capitalist Economy and State written by Geert Reuten and published by Historical Materialism. This book was released on 2020-09 with total page 727 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geert Reuten offers a systematic exposition of the capitalist system, showing that the capitalist economy and the capitalist state constitute a unity.
