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Macroeconomic Analysis In The Classical Tradition
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Book Synopsis Macroeconomic Analysis in the Classical Tradition by : James C W Ahiakpor
Download or read book Macroeconomic Analysis in the Classical Tradition written by James C W Ahiakpor and published by Taylor & Francis. This book was released on 2021-03-24 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes’s macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts’ ability to readily resolve disputes in modern macroeconomics. Expanding on his earlier work—Macroeconomics without the Errors of Keynes (2019)—the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes’s contribution to the field. Attention is given to theories and concepts such as Say’s Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes’s economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill, and others could help resolve present-day policy disagreements and redefine macroeconomic priorities. This book provides essential reading for advanced students and scholars with an interest in the foundations of Keynes’s theories and current debates within macroeconomic policy.
Book Synopsis Macroeconomic Analysis in the Classical Tradition by : James C W Ahiakpor
Download or read book Macroeconomic Analysis in the Classical Tradition written by James C W Ahiakpor and published by Routledge. This book was released on 2021-03-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes’s macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts’ ability to readily resolve disputes in modern macroeconomics. Expanding on his earlier work—Macroeconomics without the Errors of Keynes (2019)—the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes’s contribution to the field. Attention is given to theories and concepts such as Say’s Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes’s economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill, and others could help resolve present-day policy disagreements and redefine macroeconomic priorities. This book provides essential reading for advanced students and scholars with an interest in the foundations of Keynes’s theories and current debates within macroeconomic policy.
Book Synopsis Macroeconomic Analysis in the Classical Tradition by : James C. W. Ahiakpor
Download or read book Macroeconomic Analysis in the Classical Tradition written by James C. W. Ahiakpor and published by Routledge. This book was released on 2021 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes's macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts' ability to readily resolve disputes in modern macroeconomics. Expanding on his earlier work - Macroeconomics without the Errors of Keynes (2019) - the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes's contribution to the field. Attention is given to theories and concepts such as Say's Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes's economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill and others could help resolve present-day policy disagreements and redefine macroeconomic priorities. This book provides essential reading for advanced students and scholars with an interest in the foundations of Keynes's theories and current debates within macroeconomic policy. James C. W. Ahiakpor is Emeritus Professor of Economics at California State University East Bay, Hayward, USA"--
Book Synopsis The Classical Tradition in Economic Thought by : Ingrid Hahne Rima
Download or read book The Classical Tradition in Economic Thought written by Ingrid Hahne Rima and published by Edward Elgar Publishing. This book was released on 1995-01-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Classical Tradition in Economic Thought demonstrates that classicism, in all its many faces, is not only alive but generating an ongoing flow of interpretative literature which will be of interest to students and scholars concerned with economic theory and the history of economic thought as well as the heterodox schools in modern economics.
Book Synopsis Topics in Classical Micro- and Macroeconomics by : Peter Flaschel
Download or read book Topics in Classical Micro- and Macroeconomics written by Peter Flaschel and published by Springer Science & Business Media. This book was released on 2010-03-14 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book on Classical micro- and macrodynamics includes revised versions of papers which were written between 1983 and 2000, some jointly with co-authors, and it supplements them with recent work on the issues which are raised and treated in them. It attempts to demonstrate to the reader that themes of Classical economics, in particular in the tradition of Smith, Ricardo and Marx, can be synthesized into a coherent whole, from the perspective of formal model building. This is accomplished by means of mathematical techniques which, on the one hand, provide a consistent accounting framework (labor values and prices of p- duction) as point of reference for Classical micro- and macro-dynamics and which, on the other hand, attempt to apply these accounting schemes – or suitable ext- sions of them – by showing their usefulness as tools of analysis of the implications of technological change (labor values) and as potential tools for understanding the dynamics of market prices and of income distribution around their centers of gravity (production prices and the wage-pro?t curve).
Download or read book Macroeconomics written by William Scarth and published by Edward Elgar Publishing. This book was released on 2014-01-31 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: øThis important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics _ New Classical and Keynesian _ and examines the work of economists who have drawn on principles from both traditions to form a new, integr
Book Synopsis Classical Economic Growth by : Gavin C. Reid
Download or read book Classical Economic Growth written by Gavin C. Reid and published by Wiley-Blackwell. This book was released on 1989-01-01 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomics by : William M. Scarth
Download or read book Macroeconomics written by William M. Scarth and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics - New Classical and Keynesian - and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical Synthesis. Importantly, this provides the theoretical foundation for much of current mainstream economics and the work done by central banks around the world. With a dual focus on research methods and policy applications, this book bridges the gap between intermediate macroeconomic and advanced graduate-level texts, making it an ideal resource for senior undergraduate and Masters students in applied economics programs.
Book Synopsis Modern Macroeconomic Analysis by : Paul Turner
Download or read book Modern Macroeconomic Analysis written by Paul Turner and published by McGraw-Hill Companies. This book was released on 1993 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Theories of Value in the Classical Tradition by : Ajit Sinha
Download or read book Essays on Theories of Value in the Classical Tradition written by Ajit Sinha and published by Palgrave Macmillan. This book was released on 2019-01-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This volume revisits the foundations of classical political economy and outlines on that basis a new research paradigm. Ajit Sinha presents an extremely ambitious and challenging work that opens new and invaluable vistas on classical economic theory and economics at large.” Roberto Scazzieri, Professor of Economic Analysis, University of Bologna and National Lincei Academy, Italy. “For a quarter of a century Ajit Sinha has worked on the classical theory of value, reinterpreting Adam Smith, David Ricardo and Karl Marx in terms of his own original, and often contested, interpretation of Piero Sraffa. This fascinating volume brings together several of Sinha's most perceptive and most contentious papers. Always scholarly, stimulating and provocative, it is essential reading for anyone with an interest in classical value theory.” John King, Emeritus Professor, La Trobe University, Australia. This collection of essays invites the reader to trace the intellectual journey of the author from his early incisive exploration and critique of key categories in Marxian economics, through his insights into classical economic theory, culminating in his pioneering and definitive reading of the economics of Sraffa. Where the author’s position has significantly changed he provides notations and explanations, and the addition of two new chapters written especially for this volume complete the scholarly journey. Following three decades worth of study, this book brings together a set of important contributions that not only give historical perspective but makes them convenient and accessible for students and researchers today.
Book Synopsis Understanding "classical" Economics by : Heinz-Dieter Kurz
Download or read book Understanding "classical" Economics written by Heinz-Dieter Kurz and published by Psychology Press. This book was released on 1998 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classical approach to economic problems, which can be traced back to Adam Smith and David Ricardo, has been revived in recent years. The essays in this collection argue that this classical approach holds the key to an explanation of important present-day economic phenomena. The study opens with a clarification of what is meant by classical economics and examines how modern methods of economic analysis are related to the works of the classical economists. Chapters deal with the problem of economic growth and foreign trade. Contributors attempt to show that both the von Neumann growth model and the new theories of endogenous growth belong to the classical tradition. They also consider the work of Piero Saffra and clarify some of the more difficult aspects of his analysis. The (un)importance of the labour theory of value in classical thinking is reviewed and the work closes with observations on the critique of classical theory.
Book Synopsis Classical Macroeconomics by : James C.W. Ahiakpor
Download or read book Classical Macroeconomics written by James C.W. Ahiakpor and published by Routledge. This book was released on 2004-02-26 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen Böhm-Bawerk, have made it difficult for modern economists to fully appreciate the classical insights. This outstanding book clarifies the classical explanations to resolve the continuing theoretical and policy disputes. Key chapters include: On the Definition of Money Keynes's Misinterpretation of the Classical Theory of Interest The Classical Theory of Growth and Keynes's Paradox of Thrift The Mythology of the Keynesian Multiplier This unique book demonstrates that it is Keynes's understanding of some fundamental classical economic concepts which is at fault, and extends its analysis to other modern contributions in macroeconomics.
Book Synopsis Thomas Aquinas and the Civil Economy Tradition by : Paolo Santori
Download or read book Thomas Aquinas and the Civil Economy Tradition written by Paolo Santori and published by Routledge. This book was released on 2021-05-16 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delving into the history of economic thought, this book presents a picture of the Mediterranean spirit of capitalism, a tradition that has its protagonists in Thomas Aquinas and the eighteenth-century civil economy, and seeks to understand its presence and relevance for contemporary societies. The book argues that it is reductive to attribute to the ‘Protestant ethic’ the different formations of capitalism in the Western world. Instead, it is vital to acknowledge the differences in the ways in which the market is lived, enterprises are created and conducted, and civic life in general is understood in different regions. This thought-provoking study demonstrates that in Southern Europe, the legacy of Aquinas and the civil economy adds different terms to those recurring in classical and neo-classical economy: common good, reciprocity, virtue, public trust, mutual assistance, and public happiness. It is these ideas of a market as a place for mutual assistance which can be said to characterize the Mediterranean spirit of capitalism. Thomas Aquinas and the Civil Economy Tradition will be of interest to advanced students and researchers in the history of economic thought, economic philosophy, Christian ethics, and moral theology.
Book Synopsis The Macroeconomics of Malthus by : John Pullen
Download or read book The Macroeconomics of Malthus written by John Pullen and published by Routledge. This book was released on 2021-07-08 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: The views of Thomas Robert Malthus (1766–1834) on population, first published in his Essay on the Principle of Population, 1798, continue to be hotly debated, either acclaimed or opposed, as do his views on macroeconomics. There is a widely held view that his macroeconomics lacks coherence and is merely a collection of isolated jottings. This book challenges this view; it presents textual evidence that Malthus’s macroeconomics constitutes a significant system of thought with considerable academic merit. It reawakens debate about the relative merits of Malthus and Ricardo as macroeconomists and contends that Malthus offers important macroeconomic ideas and policy proposals relevant to modern economic problems. It presents and analyses Malthus’ ideas on topics such as the determinants of aggregate economic growth; the causes of general depression; the remedies for mass unemployment; the balance between laissez-faire and government intervention; the optimum division of expenditure between consumption, saving, and investment; the distribution of income between wages, profits, and rents; and the degree of economic inequality. Particular emphasis is given to his view that the pattern of distribution of wealth between the upper, lower, and middle classes is a major determinant or factor in the production of wealth, and that continued economic development depends on the growth of a large and affluent middle class. The radical nature of some of his ideas and policy proposals on the ownership and distribution of land is highlighted. An extensive treatment of Say’s Law, incorporating aspects of the correspondence between Say and Malthus, addresses the question of whether Malthus showed that Say’s Law is merely a truism and lacks any scientific relevance. The book also sheds new light on the nature of the influence of Malthus on Keynes. This combination of a search for textual authenticity and a critical assessment of the views of commentators on Malthus will be of significant interest to students and scholars of economic theory and the history of economics.
Book Synopsis Unemployment, Imperfect Competition and Macroeconomics by : Malcolm C. Sawyer
Download or read book Unemployment, Imperfect Competition and Macroeconomics written by Malcolm C. Sawyer and published by Edward Elgar Publishing. This book was released on 1995 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of Malcolm Sawyer's essays develops the post Keynesian analyses of unemployment, imperfect competition and macroeconomics. This important volume focuses on the causes of unemployment, a central concern of contemporary post Keynesian economics whose origins can be dated from the response to the high levels of unemployment during the 1930s. After explaining why conventional economic analysis cannot properly comprehend the phenomenon of unemployment, Professor Sawyer's book explores the relationship between demand-side and supply-side causes and argues for the relevance of both for the analysis of unemployment. Other issues discussed include the relationship between macroeconomics and imperfect competition, the post Keynesian approach to pricing and post Keynesian perspectives on industrial economics. Unemployment, Imperfect Competition and Macroeconomics, critically but sympathetically, evaluates and extends the contribution of post Keynesian analysis, and discusses the problems which those analyses face. Bringing together contributions from a major scholar working in this field, the book will be welcomed by all those interested in the post Keynesian approach and the contributions it can make to economic analysis.
Download or read book Unemployment written by K. G. Knight and published by Routledge. This book was released on 2018-12-07 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1987. Unemployment is currently the major economic concern in developed economies. This book provides a comprehensive analysis of the economics of unemployment. It concentrates on theories of the labour market and examines the critical inter-relationships with the rest of the economy. It provides a thorough evaluation of theory and extensive consideration of the relevant empirical evidence. It emphasises the multi-causal nature of unemployment and concludes that policy-makers should respond with a multi-faceted mix of policies.
Book Synopsis Poverty in Contemporary Economic Thought by : Mats Lundahl
Download or read book Poverty in Contemporary Economic Thought written by Mats Lundahl and published by Routledge. This book was released on 2021-04-29 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poverty in Contemporary Economic Thought aims to describe and critically examine how economic thought deals with poverty, including its causes, consequences, reduction and abolition. This edited volume traces the ideas of key writers and schools of modern economic thought across a significant period, ranging from Friedrich Hayek and Keynes to latter-day economists like Amartya Sen and Angus Deaton. The chapters relate poverty to income distribution, asserting the point that poverty is not always conceived of in absolute terms but that relative and social deprivation matters also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of the international economy. In providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made. This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development and the economics of poverty.
