On the Theory of Aggregate Investment as a Function of the Rate of Interest PDF Download
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Author: Fabio Petri
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: Fabio Petri
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: Fabio Petri
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The paper argues that the several theories used to support the traditional thesis of a dependence of investment on the interest rate are all unconvincing. The following theories are reviewed: pre-Keynesian, Keynes, array of opportunities, Lerner, Jorgenson, adjustment costs, Tobin's q. It is concluded that the difficulties, which empirical research finds in confirming a significant dependence of aggregate investment on the interest rate, are not surprising: there is simply no convincing theoretical reason why such a dependence should be observed.
Author: Philip J. Lund
Publisher: Elsevier
ISBN: 1483256901
Category : Mathematics
Languages : en
Pages : 176
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Book Description
Advanced Textbooks in Economics: Investment: The Study of an Economic Aggregate focuses on the principles, methodologies, and approaches involved in the determination of investments. The book first offers information on the theories of aggregate investment and statistical and questionnaire studies. Discussions focus on statistical studies, tax incentives and disincentives to investment, capital stock adjustment models, acceleration principle, replacement investment, level of aggregation, sources of funds, neoclassical theory of capital accumulation, and tax incentives and disincentives to investment. The text then examines the estimation of lag distributions, including geometrically declining lag distributions, Pascal and rational distributions, variable lag distributions, and the first-in first-out method. The publication ponders on econometric studies, as well as United Kingdom and United States studies, two-stage studies of investment, and guidelines for future research. The text is a dependable source of information for economists and researchers interested in economic aggregates.
Author: P. N. Junankar
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 92
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Book Description
Author: K. K. Dompere
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Although economic theory has increased our understanding of some economic problems, it has rendered others, including the problem of capital accumulation, growth, and development, more difficult to understand. Focusing on capitalist economic systems, this book develops a theoretical approach to the study of aggregate capital dynamics. The theory is developed within the Keynesian framework of aggregate thinking and builds on the work of such Cambridge economists as Robinson, Kaldor, and Pasinetti. The approach helps to resolve some theoretical difficulties within the Keynesian framework for studying aggregate investment behavior. Dompere also provides a criticism of the neoclassical investment theory and the general neoclassical theoretical framework for studying aggregate capital accumulation, investment, and growth. Reexamining some questions on investment that earlier theorists have tried to answer, this study develops some of the basic ideas of Keynes, Robinson, Kaldor, and Pasinetti into a general theoretical system that allows an optimal aggregate capital and investment to be determined for a given information set.
Author: Dale Weldeau Jorgenson
Publisher: MIT Press
ISBN: 9780262100564
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
V.1 Capital theory and investment behavior -- V.2 Tax policy and the cost of capital.
Author: John Maynard Keynes
Publisher: Springer
ISBN: 3319703447
Category : Business & Economics
Languages : en
Pages : 430
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Book Description
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.
Author: Jack Hirshleifer
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
Author: F.A. Hayek
Publisher: University of Chicago Press
ISBN: 0226321290
Category : Business & Economics
Languages : en
Pages : 475
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Book Description
The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover. With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own life and his struggle to complete the manuscript, this edition commemorates the celebrated scholar’s last major work in economics. Offering a detailed account of the equilibrium relationships between inputs and outputs in an economy, Hayek’s stated objective was to make capital theory—which had previously been devoted almost entirely to the explanation of interest rates—“useful for the analysis of the monetary phenomena of the real world.” His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into the business cycle theory.
Author: John Maynard Keynes
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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