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This 1984 book describes the development of thought, both of Keynes and others, culminating in the publication in 1936 of Keynes' General Theory. As one of Keynes' close collaborators - from December 1929, when the writing of the Treatise was nearing its completion - Richard Khan provides a uniquely insightful analysis of these events.
This 1986 book examines some of the main issues that have characterised macroeconomics: the debate between 'monetarists' and 'Keynesians'; the response to demand and supply shocks, by which the monetary authorities control aggregrate nominal income; and the consumption function and the determinants of wealth.
Is the history of economic thought an essential part of the training of public finance economists? Sir Alan Peacock argues that the perspective gained by studying the origins of public choice analysis can offer an important stimulus to scientific progress.
This book reappraises institutionalism as a school of thought and discusses its relevance for the issues which the economic profession must tackle today. Professor Tsuru reconsiders Marxian political economy as an 'institutionalist school' which provides a context for the discussion of Keynes, Schumpeter and Veblen.
The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. The book consists of two parts. In the first part, Professor Varian outlines the basic economics of these industries. In the second part, Professors Farrell and Shapiro describe the impact of these factors on competition policy. The clarity of the analysis and exposition makes this an ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas.
Written out of the authors' original thoughts and empirical observations while serving in some renowned economic organizations, the book provides a pioneer treatment of critical topics in monetary economics and insightful policy implications, among which are the 1991 US recession, the liberalization of financial markets, and the East Asian Crisis.
Karl Brunner and Allan Meltzer address the theoretical aspects of the effect of money on output, with the purpose of understanding their policy implications. They offer an historical overview on the relationship between money and output and present their well-known model of a monetary economy.
How can we hope to eradicate poverty and hunger in the world? Paul Streeten, one of the most eminent authorities on economic development, believes that human development, not simply income growth, should be the focus of all strategies. He outlines a normative political economy in the pursuit of effective development.
Two of the world's leading economists, Professors Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), jointly question the conventional wisdom on inequality and growth, and address its inability to explain recent economic experience. This concise exposition of major themes is accessible to policy-makers, professional economists and students.
Charles Kindleberger makes a powerful case against the idea that any one model could be used to unlock the basic secret of economic history. These lectures illustrate the view that the economist seeking to test analysis against historical data should have a variety of different models, and not just one.
This book describes the development of economic, demographic and social statistics in the British Isles from the mid-seventeenth century to the end of the nineteenth as represented by the work of twelve pioneers in these fields. Its most distinctive features are its tables and the short biographies of the central characters.
These lectures contain a masterful summing-up of Nicholas Kaldor's critique of the foundations of mainstream economic theory. They provide a clear account of his theoretical structures on regional differences, primary producers and manufacturers, and on differing market structures and the likely course of prices and quantities in different markets over time.
Herbert Simon is one of the most distinguished living economists, and was awarded the Nobel Prize for Economics in 1978 for his work at the intersection of economics and psychology. In his Mattioli Lectures, Professor Simon traces the evolution of microeconomics and assesses the possibilities for its future development.
These lectures are concerned with the origins of the distinctive policies of the Stockholm School of Economics, of which Lundberg was a leading member. Lundberg explores the historical development of the School and considers its place in the wide Keynesian tradition which dominated macroeconomic thinking in the West from the 1930s till the 1970s.
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