Download or read book The Palgrave Companion to Chicago Economics written by Robert A. Cord and published by Springer Nature. This book was released on 2023-01-01 with total page 1088 pages. Available in PDF, EPUB and Kindle. Book excerpt: The University of Chicago has been and continues to be one of the most important global centres for economics. With six chapters on themes in Chicago economics and 33 chapters on the lives and work of Chicago economists, this volume shows how economics became established at the University, how it produced some of the world’s best-known economists, including Frank Knight, Milton Friedman and Robert Lucas, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with an in-depth analysis of Chicago economics.

Download or read book Franco Modigliani and Keynesian Economics written by Antonella Rancan and published by Routledge. This book was released on 2020-06-03 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book follows the intellectual path of Franco Modigliani, Nobel Prize winner and one of the most influential Keynesian economists of the twentieth century, tracing his development and examining the impact of his research. The book begins with Modigliani’s early work as a young law student in 1930s Italy and traces his development through his emigration to the US, his introduction to Keynes’ General Theory at the New School, and his seminal 1944 article on Keynesian and classical economics. The book also examines Modigliani’s pioneering theory of savings: the life-cycle hypothesis (with Richard Brumberg), and the Modigliani–Miller theorem, a cornerstone of modern theory of finance. The book argues that although Modigliani is placed amongst the most prominent Keynesian economists, his connections with Keynesian theory are of secondary importance until the beginning of the 1960s when he joined MIT. This is the first book to place Modigliani’s thought in its proper historical context, showing how it related to wider economic concerns and examining the social and political implications of his work. It will be of interest to scholars in the history of economic thought, and especially post-war American Keynesian economics.

Download or read book IS LM and Modern Macroeconomics written by Warren Young and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. As will be seen, therefore, the IS-LM model is `not yet dead'. Rather, the model's `plasticity' has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.

Download or read book Income Employment and the Price Level written by Jacob Marschak and published by . This book was released on 1965 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A History of Econometrics written by R.J. Epstein and published by Elsevier. This book was released on 2014-06-28 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comparative historical study of econometrics focuses on the development of econometric methods and their application to macroeconomics.The analysis covers the origins of modern econometrics in the USA and Europe during the 1920's and 30's, the rise of `structural estimation' in the 1940's and 50's as the dominant research paradigm, and the crisis of the large macroeconomic models in the 1970's and 80's.The completely original feature of this work is the use of previously unknown manuscript material from the archives of the Cowles Commission and other collections. The history so constructed shows that recent debates over methodology are incomplete without understanding the many deep criticisms that were first raised by the earliest researchers in the field.

Download or read book Milton Friedman Economic Debate in the United States 1932 1972 Volume 2 written by Edward Nelson and published by University of Chicago Press. This book was released on 2020-11-06 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Second in a two-volume study of the Nobel Prize winner’s long career: “Nelson knows more about Milton Friedman’s economics than anyone else alive.” —Business Economics This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This second volume covers the years between 1960 and 1972—years that saw the publication of Friedman and Anna Schwartz’s Monetary History of the United States. The book also covers Friedman’s involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History

Download or read book Reinterpreting Mr Keynes written by Warren Young and published by Springer Nature. This book was released on 2022-01-19 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession’s understanding of the origins of the IS-LM model and modern macroeconomics.

Download or read book Raising Keynes written by Stephen A. Marglin and published by Harvard University Press. This book was released on 2021-06-15 with total page 921 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back to the future: a heterodox economist rewrites Keynes’s General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century. John Maynard Keynes’s General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes’s lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes’s intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand. Ordinary citizens have paid a steep price for the distortion of Keynes’s message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose. Fleshing out Keynes’s intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.

Download or read book Russian and Western Economic Thought written by Vladimir Avtonomov and published by Springer Nature. This book was released on 2022-10-03 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the interrelations between Russian and European economics from the early 19th century to the present. It analyzes how Western economic thinking, such as classical economics and the marginal revolution, influenced Russian economic thinking and how Western economic ideas were modified and adapted to better reflect the specific Russian circumstances of the time. Moreover, the contributions in this book show how these modified ideas also influenced Western economists at the end of the 19th century, when Russian economics had reached the stage of professionalism and joined the international discourse on the discipline. Written by an international selection of respected experts, this book provides an overview of the most influential Russian economists and covers a wide range of topics such as the marginal revolution, the specific influence of Marxism, the evolution of mathematics and statistics in Russia in the 1890s–1920s, and the unique experience of building a planned economy in the Soviet Union. It is intended for all scholars and students who are interested in the history of economic thought.

Download or read book Report Cowles Commission for Research in Economics written by Cowles Commission for Research in Economics and published by . This book was released on 1952 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Catalogue of the Asiatic Library of Dr G E Morrison written by Tōyō Bunko (Japan) and published by . This book was released on 1924 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Capital Accumulation and Efficient Allocation of Resources written by Edmond Malinvaud and published by . This book was released on 1953 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Labour Gazette written by Canada. Department of Labour and published by . This book was released on 1966 with total page 884 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Determination of Many commodity Preferences Scales by Two commodity Comparisons written by Kenneth Joseph Arrow and published by . This book was released on 1952 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Library of Congress Catalog written by Library of Congress and published by . This book was released on 1965 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cumulative list of works represented by Library of Congress printed cards.

Download or read book The Labour Gazette written by and published by . This book was released on 1966 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report of Research Activities written by Yale University. Cowles Foundation for Research in Economics and published by . This book was released on 1954 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: