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Author: Steven Kates
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
From the 30 year General Glut debate at the start of the 19th century which focused solely on its truth, to the Keynesian revolution and Keynes's successful attempt to convince his fellow economists that Say's Law was wrong, it remains the most controversial principle in the history of economic theory. The central question - not resolved to this day - is this: can demand deficiency ever be the cause of recession and, if so, are greater levels of unproductive spending an appropriate response? The thrust of the argument is that if Say's Law is valid, much of modern macroeconomic theory is fatally flawed. This book explores the validity of this problematic principle, reminding us that this 200-year debate has not yet been laid to rest.
Author: Steven Kates
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
From the 30 year General Glut debate at the start of the 19th century which focused solely on its truth, to the Keynesian revolution and Keynes's successful attempt to convince his fellow economists that Say's Law was wrong, it remains the most controversial principle in the history of economic theory. The central question - not resolved to this day - is this: can demand deficiency ever be the cause of recession and, if so, are greater levels of unproductive spending an appropriate response? The thrust of the argument is that if Say's Law is valid, much of modern macroeconomic theory is fatally flawed. This book explores the validity of this problematic principle, reminding us that this 200-year debate has not yet been laid to rest.
Author: John Opie
Publisher: U of Nebraska Press
ISBN: 9780803286078
Category : Technology & Engineering
Languages : en
Pages : 292
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Book Description
"This book provides fascinating insights into how present-day American land legislation has evolved. In doing so the author identifies the many problems that the family farmer has had to face over the past two centuries at the hands of the weather, unstable product prices, and corrupt and venal politicians."--Journal of Agricultural Economics. "A provocative, learned, polemical contribution to the debate on the nature of the farm problem and the means to solve it. Throughout our history, Opie, a historian, convincingly argues, contradictory goals have produced contradictory policies that are the sources of our current problems."--Science. "This important volume offers a reinterpretation of public lands history as it relates to contemporary farm policy. . . . [Opie's] signal contribution is to examine and evaluate the many policy strands of a twentieth-century safety net designed by Congress to sustain the family farm."--Journal of American History "Bright, passionate, and entirely convincing."--Journal of Rural Studies "The Law of the Land has made a significant contribution to agricultural and public policy history by pointing out that American ideals have shaped policies and assigned roles that have often left farmers and farmland vulnerable."--Public Historian "The five years that have passed since this book was first published have been enough to conclude that John Opie can reconstruct the past and predict the future. . . . Many of the problems he foresaw have come to pass and some of the solutions he discussed have been adopted. . . . Anyone interested in the basic environment will find that this volume gives a clear picture of how we got to where we are today in the use and misuse of natural resources. . ."--Environmental History Review. A professor of history at the New Jersey Institute of Technology, John Opie is also director of the Center for Technology Studies and founding editor of Environmental History Review. His other publications include Ogallala: Water for a Dry Land (Nebraska 1993).
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: Samuel Hollander
Publisher: Routledge
ISBN: 113435858X
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
This book explores the perceived paradigmatic conflict within British classical economics between the so called 'Ricardo School' and the contemporary French Economics of Jean-Baptiste Say. Samuel Hollander provides the reader with extensive evidence, utilizing all editions of Say's main texts and his lesser-known writings in order to demonstrate his adherence to much of Ricardian theory. This intriguing book focuses on selected doctorinal issues and surrounding debates, and will interest all serious historians of economic thought, finding a place on the bookshelves of many economists across the world.
Author: Peter D. Groenewegen
Publisher: Psychology Press
ISBN: 9780415327626
Category : Commerce
Languages : en
Pages : 334
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Book Description
This book brings together a collection of essays in honour of Peter Groenewegen, one of the most distinguished historians of economic thought. His work on a wide range of economic theorists approaches a level of near insuperability.
Author: Carmen M. Reinhart
Publisher: Princeton University Press
ISBN: 0691152640
Category : Business & Economics
Languages : en
Pages : 513
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Book Description
An empirical investigation of financial crises during the last 800 years.
Author: Mark Skousen
Publisher: NYU Press
ISBN: 0814740502
Category : Business & Economics
Languages : en
Pages : 461
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Book Description
"The next economics will have to be centered on supply and the factors of production rather than being functions of demand. I've read Mark Skousen's book twice, and it comes the closest to achieving this goal."--Peter F. Drucker, Claremont Graduate University"Skousen's Structure of Production should be a required text at our leading universities. The book masterfully juxtaposes the ideas of the 'Austrians' against mainstream economics yet it is balanced, fair, well written and clearly illustrated. It is an important book for students of economics and a treasure for academics."--John O. Whitney, Emeritus Professor in Management Practice at Columbia University. A clash of economic theories continues to dominate into the twenty-first century. The battle lines are drawn between the Keynesian model of aggregate demand and consumer spending, and the supply-side model of capital investment and saving. Which best reflects the dynamics of the booming global economy? Does aggregate demand determine business activity, new technology, and job creation? Or is economic growth driven by the agents of supply-entrepreneurs, capitalists, and savers? Since its release in 1990, The Structure of Production has been the underground bible for supply-side economics and Austrian macroeconomics, and an analytical tool to explain asset bubbles, commodity inflation, and financial instability.Mark Skousen provides a new introduction that updates his four-stage model with new statistical evidence, applications to textbooks, and historical interpretation. He broadens his industrial model into a universal goods-and-services model; updates his "total spending" statistic (now GRE); and applies his time-structural modelto recent financial events and government policies. Skousen also introduces new diagrams and models to improve pedagogy in the classroom: the "n
Author: Tim Wu
Publisher:
ISBN: 9780999745465
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 154
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Book Description
From the man who coined the term "net neutrality" and who has made significant contributions to our understanding of antitrust policy and wireless communications, comes a call for tighter antitrust enforcement and an end to corporate bigness.
Author: Daniel Webster
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 570
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Book Description
Author: Jonathan Israel
Publisher:
ISBN: 0198738404
Category : History
Languages : en
Pages : 1081
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Book Description
Radical and conservative Enlightenment ideologies began to break apart as the desire for a fair society clashed with questions of religion and secularization. The Enlightenment that Failed shows how ideas promoting the interest of society as a whole came to be almost defeated by ideas buttressing the interests of the privileged few.
