Download or read book Two Hundred Years of Say s Law written by Steven Kates and published by Edward Elgar Publishing. This book was released on 2003 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Say s Law and the Keynesian Revolution written by Steven Kates and published by Edward Elgar Publishing. This book was released on 1998 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an examination of the concept of the Law of Markets, controversial since Keynes' General Theory, and also debated even longer, since James Mill propounded it 200 years ago. Kates suggests that Keynes' General Theory originated in Keynes' discovery of Malthus's writings about Say's Law.
Download or read book Say s Law written by Thomas Sowell and published by Princeton University Press. This book was released on 2015-03-08 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Say's Law—the idea that "supply creates its own demand"—has been a basic concept in economics for almost two centuries. Thomas Sowell traces its evolution as it emerged from successive controversies, particularly two of the most bitter and long lasting in the history of the discipline, the "general glut controversy" that reached a peak in the 1820s, and the Keynesian Revolution of the 1930s. These controversies not only involved almost every noted economist of the time but had repercussions on basic economic theory, methodology, and sociopolitical theory. This book, the first comprehensive coverage of the subject, will be an indispensable addition to the history of economic thought. It is also relevant to all social sciences concerned with economic prosperity, with the nature of intellectual orthodoxy and insurgency, or with the complex relationships among ideology, concepts, and policies. Originally published in 1972. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book JEAN BAPTISTE SAY written by Evert Schoorl and published by Routledge. This book was released on 2013 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the first full-length biography of Jean-Baptiste Say (1767-1832), the most famous French classical economist. During his lifetime Say actively took part in three revolutions: the French Revolution, the Industrial Revolution and the establishment of economics as an academic discipline. He struggled with Bonaparte, was the owner of a cotton spinning mill, and published his famous Treatise of political economy and many other economic writings.
Download or read book Jean Baptiste Say and the Classical Canon in Economics written by Samuel Hollander and published by Routledge. This book was released on 2005-01-14 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Income dispersion and economic crises written by Maurizio Pasquino and published by Booksprint. This book was released on 2021-05-11 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current economic theories do not provide the elements to understand the causes and processes that provoke economic crises. In this book, Maurizio Pasquino explains the underlying reasons and introduces the new concept of income dispersion. Income dispersion provides a much broader vision of how an economic system works, setting the bases for a more efficient way of identifying and resolving the problems of the society in which we live today.
Download or read book History and Political Economy written by Tony Aspromourgos and published by Routledge. This book was released on 2004-08-02 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Impressive and authoritative, this essential book brings together a collection of essays in honour of Peter Groenewegen, one of the most distinguished historians of economic thought of a generation. His work on a wide range of economic theorists such as Adam Smith, François Quesnay and Alfred Marshall approaches a level of near insuperability.
Download or read book The Universe Bends Toward Justice written by Obery M. Hendricks, Jr. and published by Orbis Books. This book was released on with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: In these passionate and wide-ranging essays Obery Hendricks offers a challenging engagement with spirituality, economics, politics, contemporary Christianity, and the abuses committed in its name. Among his themes: the gap between the spirituality of the church and the spirituality of Jesus; the ways in which contemporary versions of gospel music "sensationalize" today's churches into social and political irrelevance; how the economic principles and policies espoused by the religious right betray the most basic principles of the same biblical tradition they claim to hold dear; the domestication of Martin Luther King's message to foster a political complacency that dishonors King's sacrifices. He ends with a stinging rebuke of the religious right's idolatrous "patriotism" in a radical manifesto for those who would practice "the politics of Jesus" in the public sphere.
Download or read book Marx Veblen and the Foundations of Heterodox Economics written by Tae-Hee Jo and published by Routledge. This book was released on 2015-07-30 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: John F. Henry is an eminent economist who has made important contributions to heterodox economics drawing on Adam Smith, Karl Marx, Thorstein Veblen, and John Maynard Keynes. His historical approach offers radical insights into the evolution of ideas (ideologies and theories) giving rise to and/or induced by the changes in capitalist society. Essays collected in this festschrift not only evaluate John Henry’s contributions in connection to Marx’s and Veblen’s theories, but also apply them to the socio-economic issues in the 21st century. In Part I leading heterodox economists in the traditions of Marxism, Post Keynesianism, and Institutionalism critically examine Marx’s and Veblen’s theoretical frameworks (and their connections to each other) that have become the foundations of heterodox economics. Chapters in Part II showcase alternative theoretical explanations inspired by Marx, Veblen, and Henry. Topics in this Part include financial crisis, financialization, capital accumulation, economics teaching, and the historical relationship between money and class society. Part III is devoted to John Henry’s heterodox economics encapsulated in his "farewell" lecture, interview, and bibliography. Essays in this book, individually and collectively, make an important point that the history of economic thought (or historical analysis of economic theory and policy) is an integral part of developing heterodox economics as an alternative theoretical framework. Anyone who is troubled by the recurring failure of capitalism as well as mainstream economics will find this book well worth reading.
Download or read book Sex Trafficking Human Rights and Social Justice written by Tiantian Zheng and published by Routledge. This book was released on 2010-09-13 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores the life experiences, agency, and human rights of trafficked women in order to shed light on the complicated processes in which anti-trafficking, human rights and social justice are intersected.
Download or read book Macroeconomic Analysis in the Classical Tradition written by James C W Ahiakpor and published by Taylor & Francis. This book was released on 2021-03-24 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes’s macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts’ ability to readily resolve disputes in modern macroeconomics. Expanding on his earlier work—Macroeconomics without the Errors of Keynes (2019)—the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes’s contribution to the field. Attention is given to theories and concepts such as Say’s Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes’s economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill, and others could help resolve present-day policy disagreements and redefine macroeconomic priorities. This book provides essential reading for advanced students and scholars with an interest in the foundations of Keynes’s theories and current debates within macroeconomic policy.
Download or read book Four Central Theories of the Market Economy written by Farhad Rassekh and published by Routledge. This book was released on 2016-06-10 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This highly original work offers an intellectual history of four central theories underlying the market economic system, focusing on their conception, evolution, and applications. Four Central Theories of the Market Economy traces the root of the theories, their conception and articulation, as well as their evolutions to the present time. It focuses on the four theories that are generally recognized as fundamental to the discipline of economics: the invisible hand, comparative advantage, the law of markets, and the quantity theory of money. These theories have profoundly influenced the world. Chapters explore their rich intellectual history from classical Greece to today, drawing on the original works of the great economic minds of the classical era and other thinkers who prepared the path for them, as well as those who refined their works or challenged them. This volume will leave the reader with a deep understanding of these pillars of the market economic system in the context of their historical development. This book will be of great interest to all scholars and students of economics who are interested in the intellectual history of their discipline as well as scholars and students of intellectual history who are interested in economics.
Download or read book The Reception of David Ricardo in Continental Europe and Japan written by Gilbert Faccarello and published by Routledge. This book was released on 2014-02-03 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a coherent and unique collection of chapters exploring the reception and diffusion of David Ricardo’s writings in different languages. The book highlights the similarities and differences between them. This book seeks to delineate the diffusion of Ricardo's theory in various parts of Europe and Japan. While there may have been case studies about the reception of Ricardo’s thoughts for several countries, there has not yet been a systematic study of the diffusion process under consideration as a whole. This book caters to all scholars dedicated to the history of economic thought and to students who are interested to learn about the peculiarities of the evolution of economic theories in different countries. This book is the first of its kind, with no known predecessor, and it aims to shed light on how and why some of Ricardo’s writings were picked up and why others were not. Given Ricardo’s importance in the field of economics, the book will be of interest to many.
Download or read book General Theory Of Employment Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Central Banking Asset Prices and Financial Fragility written by Éric Tymoigne and published by Routledge. This book was released on 2008-11-21 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current literature on central banking contains two distinct branches. On the one side, research focuses on the impact of monetary policy on economic growth, unemployment, and output-price inflation, while ignoring financial aspects. On the other side, some scholars leave aside macroeconomics in order to study the narrow, but crucial, subjects of financial behaviours, and financial supervision and regulation. This book aims at merging both approaches by using macroeconomic analysis to show that financial considerations should be the main preoccupation of central banks. Eric Tymoigne shows how different views regarding the conception of asset pricing lead to different positions regarding the appropriate role of a central bank in the economy. In addition, Hyman P. Minsky’s framework of analysis is used extensively and is combined with other elements of the Post Keynesian framework to study the role of a central bank. Tymoigne argues that central banks should be included in a broad policy strategy that aims at achieving stable full employment. Their sole goal should be to promote financial stability, which is the best way they can contribute to price stability and full employment. Central banks should stop moving their policy rate frequently and widely because that creates inflation, speculation, and economic instability. Instead, Tymoigne considers a pro-active financial policy that does not allow financial innovations to enter the economy until they are certified to be safe and that focuses on analyzing systemic risk. He argues that central banks should be a guide and a reformer that allow a smooth financing and funding of asset positions, while making sure that financial fragility does not increase drastically over a period of expansion. This book will be of interest to students and researchers engaged with central banking, macroeconomics, asset pricing and monetary economics.
Download or read book Economic Woman written by Deanna K. Kreisel and published by University of Toronto Press. This book was released on 2012-01-01 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ways in which women are portrayed in Victorian novels can provide important insights into how people of the day thought about political economy, and vice versa. In Economic Woman, Deanna K. Kreisel innovatively shows how images of feminized sexuality in novels by George Eliot and Thomas Hardy reflected widespread contemporary anxieties about the growth of capitalism. Economic Woman is the first book to address directly the links between classical political economy and gender in the novel. Examining key works by Eliot and Hardy, including The Mill on the Floss and Tess of the d’Urbervilles, Kreisel investigates the meaning of two female representations: the ‘economic woman,’ who embodies idealized sexual restraint and wise domestic management, and the degraded prostitute, characterized by sexual excess and economic turmoil. Kreisel effectively integrates economic thought with literary analysis to contribute to an ongoing and lively scholarly discussion.
Download or read book Employment unemployment written by United States. Congress. Joint Economic Committee. Subcommittee on Priorities and Economy in Government and published by . This book was released on 1974 with total page 1800 pages. Available in PDF, EPUB and Kindle. Book excerpt:
