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Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262692229
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.
Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262692229
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.
Author: Alvin H Hansen
Publisher: Routledge
ISBN: 1136505849
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
Written during the Second World War against the background of the economic and political futility of the 1930s, this book deals with the changing role of government, and particularly fiscal policy as an instrument for regulating the national income and its distribution. Arguing that the war had an economic basis - the inability of the great industrial nations to provide full employment at rising standards of real income - the book discusses how the failure to achieve a world order in the political sphere must be sought in the facts of economic frustration.
Author: Alvin Harvey Hansen
Publisher: Pickle Partners Publishing
ISBN: 1789127416
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
IN TRADITIONAL economics the theory of money and the theory of output have been treated separately with little or no tendency toward integration. First Wicksell and then Keynes gave impetus to the movement to combine the theory of money with that of output as a whole. Drawing on classical economics and the modern aggregate analysis of Keynes, Professor Hansen in this volume succeeds in writing a book which, unlike the classical studies, shows the importance of money in the theory of output as a whole; and which, unlike numerous modern writings (e.g., of Hawtrey, Douglas, Hayek), avoids overemphasizing the importance of money. Here is a book that shows what monetary policy can and cannot achieve and why it has often failed in the past; the necessary supplementary role of monetary policy as an aid to fiscal policy; and the manner of integrating monetary and fiscal policy, in periods of both depression and inflation, as prerequisites for assuring a stable economy. Professor Hansen has drawn on his rich experience over thirty-five years in the study of cycles, fiscal policy, and international economics, and on his many years as an economic practitioner to write a book that makes use of the riches of classical economics, as well as neoclassical and Keynesian economics. The book should, for many years to come, be the standard work on monetary theory and fiscal policy as determinants of output. The reader will find here not only the modern theory of money and fiscal policy, but also rich surveys covering the last 150 years, reinterpreted with the tools of modern economics. He will find also suggestions, based on theory and history, for a policy in the years to come that will yield the high levels of income and stability without which the survival of democratic institutions is most unlikely.
Author: Alvin H. Hansen
Publisher:
ISBN:
Category :
Languages : en
Pages : 349
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Book Description
Author: Alvin Harvey Hansen
Publisher: W W Norton & Company Incorporated
ISBN: 9780393334012
Category : Business & Economics
Languages : en
Pages : 721
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Book Description
In this new edition Professor Hansen augments his authoritative study of the business cycle with an analysis of the performance--and the problems--of the postwar American economy.
Author: John Maynard Keynes
Publisher: Atlantic Publishers & Dist
ISBN: 9788126905911
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
Author: Theodore Rosenof
Publisher: Univ of North Carolina Press
ISBN: 0807864234
Category : History
Languages : en
Pages : 182
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Book Description
Though understandably preoccupied with the immediate problems of the Great Depression, the generation of economists that came to the forefront in the 1930s also looked ahead to the long-term consequences of the crisis and proposed various solutions to prevent its recurrence. Theodore Rosenof examines the long-run theories and legacies of four of the leading members of this generation: John Maynard Keynes of Great Britain, who influenced the New Deal from afar; Alvin Hansen and Gardiner Means, who fought over the direction of New Deal policy; and Joseph Schumpeter, an opponent of the New Deal. Rosenof explores the conflicts that arose among long-run theorists, arguing that such disputes served eventually to set the stage for the emergence and domination of a short-run Keynesian approach to economic policy that collapsed under the impact of 1970s stagflation. Tracing the subsequent revival of long-run theories, Rosenof demonstrates their relevance to an understanding of the economy's problems over the past quarter-century and to the current debate over public policy. Originally published in 1997. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.
Author: Henry J. Aaron
Publisher: MIT Press
ISBN: 9780262011747
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
On the privatization of social security in the U.S.
Author: John E. Miller
Publisher: University Press of Kansas
ISBN: 0700619496
Category : Biography & Autobiography
Languages : en
Pages : 544
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Book Description
We live these days in a virtual nation of cities and celebrities, dreaming a small-town America rendered ever stranger by purveyors of nostalgia and dark visionaries from Sherwood Anderson to David Lynch. And yet it is the small town, that world of local character and neighborhood lore, that dreamed the America we know today—and the small-town boy, like those whose stories this book tells, who made it real. In these life-stories, beginning in 1890 with frontier historian Frederick Jackson Turner and moving up to the present with global shopkeeper Sam Walton, a history of middle America unfolds, as entrepreneurs and teachers like Henry Ford, George Washington Carver, and Walt Disney; artists and entertainers like Thomas Hart Benton, Grant Wood, Carl Sandburg, and Johnny Carson; political figures like William McKinley, William Jennings Bryan, and Ronald Reagan; and athletes like Bob Feller and John Wooden by turns engender and illustrate the extraordinary cultural shifts that have transformed the Midwest, and through the Midwest, the nation--and the world. Many of these men are familiar, icons even—Ford and Reagan, certainly, Ernie Pyle, Sinclair Lewis, James Dean, and Lawrence Welk—and others, like artists Oscar Micheaux and John Steuart Curry, economist Alvin Hansen and composer Meredith Willson, less so. But in their stories, as John E. Miller tells them, all appear in a new light, unique in their backgrounds and accomplishments, united only in the way their lives reveal the persisting, shaping power of place, and particularly the Midwest, on the cultural imagination and national consciousness. In a thoroughly engaging style Miller introduces us to the small-town Midwestern boys who became these all-American characters, privileging us with insights that pierce the public images of politicians and businessmen, thinkers and entertainers alike. From the smell of the farm, the sounds and silences of hamlets and county seats, the schoolyard athletics and classroom instruction and theatrical performance, we follow these men to their moments of inspiration, innovation, and fame, observing the workings of the small-town past in their very different relationships with the larger world. Their stories reveal in an intimate way how profoundly childhood experiences shape personal identity, and how deeply place figures in the mapping of thought, belief, ambition, and life's course.
Author: Steve Fraser
Publisher: Princeton University Press
ISBN: 0691216258
Category : History
Languages : en
Pages : 338
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Book Description
The description for this book, The Rise and Fall of the New Deal Order, 1930-1980, will be forthcoming.
