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Author: Pascal Bridel Publisher: Springer ISBN: 1349186627 Category : Business & Economics Languages : en Pages : 237
Book Description
The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.
Author: Pascal Bridel Publisher: Springer ISBN: 1349186627 Category : Business & Economics Languages : en Pages : 237
Book Description
The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.
Author: Augusto Graziani Publisher: Cambridge University Press ISBN: 113943800X Category : Business & Economics Languages : en Pages : 190
Book Description
In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.
Author: Arie Arnon Publisher: Cambridge University Press ISBN: 113949208X Category : Business & Economics Languages : en Pages : 449
Book Description
This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output and accumulation of wealth; and finally, what they thought about monetary policy.
Author: Colin Rogers Publisher: Cambridge University Press ISBN: 9780521359566 Category : Business & Economics Languages : en Pages : 340
Book Description
The novel feature of this study is the application of Keynes' principle of effective demand to demonstrate the existence of a long-run unemployment equilibrium without the assumption of rigid wages.
Author: Phyllis Deane Publisher: Cambridge University Press ISBN: 9780521293150 Category : Business & Economics Languages : en Pages : 260
Book Description
An introduction to the history of economics for undergraduate students. Puts some of the current theoretical controversies into long-term perspective by tracing their historical antecedents and parallels.
Author: G. C. Harcourt Publisher: Cambridge University Press ISBN: 9780521082945 Category : Business & Economics Languages : en Pages : 292
Book Description
Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.
Author: Pascal Bridel
Author: Pascal Bridel
Author: Augusto Graziani
Author: Arie Arnon
Author: Colin P. Elliott
Author: Colin Rogers
Author: Phyllis Deane
Author: Alessandro Roncaglia
Author: Paul Crosthwaite
Author: Lawrence H. White
Author: G. C. Harcourt