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Unemployment Imperfect Competition And Macroeconomics
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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.
Book Synopsis Imperfect Competition and Macroeconomics by : Huw Dixon
Download or read book Imperfect Competition and Macroeconomics written by Huw Dixon and published by . This book was released on 1992 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The New Macroeconomics by : Huw David Dixon
Download or read book The New Macroeconomics written by Huw David Dixon and published by Cambridge University Press. This book was released on 1995-10-19 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brings together leading researchers from the USA and Europe to examine the literature on the new macroeconomics.
Book Synopsis Economics of Imperfect Competition and Employment by : George R. Feiwel
Download or read book Economics of Imperfect Competition and Employment written by George R. Feiwel and published by Springer. This book was released on 1989-06-18 with total page 823 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study and its companion, "Joan Robinson and Economic Theory" looks at Joan Robinson, her impact upon modern economics, her challenges and critiques, and the advances made in the science and art of economics. It studies her ideas, themes and concerns from many different perspectives.
Book Synopsis Dynamic Macroeconomics with Imperfect Competition by : Leo Kaas
Download or read book Dynamic Macroeconomics with Imperfect Competition written by Leo Kaas and published by Springer Science & Business Media. This book was released on 1999-08-19 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they are faced with. While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced by the concept of subjective demand. Based on this distinction, the thesis starts out with a comparison of the concepts of subjective and objective demand in an abstract framework and surveys the literature on general equilibrium theory with imperfect competition. The objective demand approach is criticized not only on the grounds of its strong rationality requirements and existence problems, but also by the observation that it cannot be applied successfully to characterize determinate rational expectations equilibria in intertemporal macroeco nomics. Finally, price setting firms using subjective demand functions are integrated in a dynamic disequilibrium model in order to study mo nopolistic and oligopolistic price adjustment.
Book Synopsis The Macroeconomics of Imperfect Competition and Nonclearing Markets by : Jean-Pascal Benassy
Download or read book The Macroeconomics of Imperfect Competition and Nonclearing Markets written by Jean-Pascal Benassy and published by MIT Press. This book was released on 2005-01-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Jean-Pascal Benassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear.
Book Synopsis Joan Robinson and Modern Economic Theory by : George R. Feiwel
Download or read book Joan Robinson and Modern Economic Theory written by George R. Feiwel and published by Springer. This book was released on 1989-06-18 with total page 985 pages. Available in PDF, EPUB and Kindle. Book excerpt: This and its companion volume, "The Economics of Imperfect Competition and Employment", are about Joan Robinson, her impact on modern economics, her challenges and critiques and the advances made in the science and art of economics.
Book Synopsis Economics of Imperfect Competition and Employment by : George R. Feiwel
Download or read book Economics of Imperfect Competition and Employment written by George R. Feiwel and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomics and the Real World: Volume 2: Keynesian Economics, Unemployment, and Policy by : Roger E. Backhouse
Download or read book Macroeconomics and the Real World: Volume 2: Keynesian Economics, Unemployment, and Policy written by Roger E. Backhouse and published by OUP Oxford. This book was released on 2000-11-23 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the middle of twentieth century, economists have invested great resources into using statistical evidence to relate macroeconomic theories to the real world, and many new econometric techniques have been employed. In these two volumes, a distinguished group of economic theorists, econometricians, and economic methodologists examine how evidence has been used and how it should be used to understand the real world. Volume 1 focuses on the contribution of econometric techniques to understanding the macroeconomic world. It covers the use of evidence to understand the business cycle, the operation of monetary policy, and economic growth. A further section offers assessments of the overall impact of recent econometric techniques such as cointegration and unit roots. Volume 2 focuses on the labour market and economic policy, with sections covering the IS-LM model, the labour market, new Keynesian macroeconomics, and the use of macroeconomics in official documents (in both the USA and EU). These volumes will be valuable to advanced undergraduates, graduate students, and practitioners for their clear presentation of opposing perspectives on macroeconomics and how evidence should be used. The chapters are complemented by discussion sections revealing the perspectives of other contributors on the methodological issues raised.
Book Synopsis Macroeconomics and the Wage Bargain by : Wendy Carlin
Download or read book Macroeconomics and the Wage Bargain written by Wendy Carlin and published by Oxford University Press on Demand. This book was released on 1990 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: This intermediate level textbook concentrates on macroeconomic analysis and is one of the first to focus on imperfectly competitive labour and product markets. The authors present a `new Keynesian' treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis. The book provides access both to the important applied work on unemployment, inflation, and external balances, and to the journal literature on major questions of economic policy and performance, especially in Western Europe, available to undergraduates and non-specialists for the first time.
Book Synopsis Financial Constraints and Market Failures by : Marcello Messori
Download or read book Financial Constraints and Market Failures written by Marcello Messori and published by Edward Elgar Publishing. This book was released on 1999-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Italian study group made up of seven economists report their findings on how the new Keynesian economics has reacted to challenges from new classical economics by strengthening the analytical power of its models. First they discuss the theoretical unde
Book Synopsis Unemployment, Market Structure and Growth by : Rüdiger Wapler
Download or read book Unemployment, Market Structure and Growth written by Rüdiger Wapler and published by Springer Science & Business Media. This book was released on 2003-08-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent labour-market performance varies greatly between the United States and continental Europe on the one hand, and between the low- and high-skilled on the other. This book starts by presenting up-to-date empirical evidence on these stylised facts and on the importance of the intensity of product-market competition for the labour market. It then integrates models of union wage bargaining, efficiency wages and matching with modern analyses of imperfect competition on product markets. Subsequently, the analysis is extended to include the effects of exogenous and endogenous productivity growth as well as skill-based technological change. This makes it possible to not only explain the influence of product-market competition and growth on aggregate unemployment, but also how they affect the unemployment rates for the low- and high-skilled differently.
Book Synopsis The Political Economy of Wages and Unemployment by : William Oliver Coleman
Download or read book The Political Economy of Wages and Unemployment written by William Oliver Coleman and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this tightly argued work William Coleman explores the macroeconomic implications of politically based restraints on competition in labour markets. Through a suite of compact models the author investigates the consequences of the labour force securing the best terms of sale for its labour by means of the electoral mechanism. He concludes that such ?electorally optimal' labour regulation can explain not only wage rigidity and unemployment, but also wage volatility; episodes of excess demand for labour; the co-existence of an inefficient state sector with an efficient private sector; and the preference for a minimum wage over a universal wage regulation. Finally, the approach can rationalise nominal wage rigidity, and not solely real wage rigidity. In sum, the analysis promises to both complete the Classical explanation of unemployment by predicting when, why and how real wages will be rigid, and at the same time to better secure Keynesian insights by suggesting how money rigidity may be characteristic of electorally optimal labour regulation.
Book Synopsis Involuntary Unemployment by : Michel de Vroey
Download or read book Involuntary Unemployment written by Michel de Vroey and published by Routledge. This book was released on 2004-07-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression of the 1930s with its dramatic unemployment rates was one of the most striking economic events of the past century. It shook economists' beliefs in the existence of self-adjusting forces and prompted Keynes to write his masterwork, The General Theory of Employment, Interest and Money. Involuntary unemployment was the central co
Book Synopsis The Economics of Imperfect Competition and Employment by : George R. Feiwel
Download or read book The Economics of Imperfect Competition and Employment written by George R. Feiwel and published by . This book was released on 1989 with total page 775 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment Persistence and Capital Shortage by : Mr.Benedikt Braumann
Download or read book Unemployment Persistence and Capital Shortage written by Mr.Benedikt Braumann and published by International Monetary Fund. This book was released on 1997-06-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment in Trinidad and Tobago during the last twenty years. Although real wages are 60 percent lower today than in the mid-1980s, unemployment continues to be very high. The paper argues that an important part of the explanation lies in the decline of capital stock in this country after years of very low savings and investment. Policies to address this capital shortage are discussed.
Author :Professor of Economics Simon Fraser University (Emeritus) Richard G Lipsey Publisher :Addison-Wesley Longman ISBN 13 :9780321369215 Total Pages :0 pages Book Rating :4.3/5 (692 download)
Book Synopsis Economics by : Professor of Economics Simon Fraser University (Emeritus) Richard G Lipsey
Download or read book Economics written by Professor of Economics Simon Fraser University (Emeritus) Richard G Lipsey and published by Addison-Wesley Longman. This book was released on 2007-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY MESSAGE:When asked to describe this text, most Lipsey readers use the same word:precise.The authors steer away from glossing over subjects when presenting economic ideas; rather, they offer a patient explanation of the concept and back it up with the latest research and data. Taken separately, neither theory nor data alone can give readers a true understanding of the idea, but when combined these elements give students a complete view of economics in the real world. What is Economics?:Economic Issues and Concepts; How Economists Work.An Introduction to Demand and Supply:Demand, Supply, and Price; Elasticity; Markets in Action.Consumers and Products:Consumer Behavi∨ Producers in the Short Run; Producers in the Long Run.Market Structure and Efficiency:Competitive Markets; Monopoly; Imperfect Competition and Strategic Behavi∨ Economic Efficiency and Public Policy.Factor Markets:How Factor Markets Work; Labor Markets; Capital and the Interest Rate.Government in the Market Economy:Market Failures and Government Intervention; The Economics of Environmental Protection; Taxation and Public Expenditure.An Introduction to Macroeconomics:What Macroeconomics Is All About; The Measurement of National Income.The Economy in the Short Run:The Simplest Short-Run Macro Model; Adding Government and Trade to the Simple Macro Model; Output and Prices in the Short Run.The Economy in the Long Run:From the Short Run to the Long Run: The Adjustment of Factor Prices; The Difference Between Short-Run and Long-Run Macroeconomics; Long-Run Economic Growth.Money, Banking, and Monetary Policy:Money and Banking; Money, Interest Rates, and Economic Activity; Monetary Policy.Macroeconomic Problems:Inflation; Unemployment; Government Debt and Deficits.The Global Economy:The Gains from International ™ Trade Policy; Exchange Rates and the Balance of Payments. For all readers interested in economics.
