Economics In The Long Run

Author : Theodore Rosenof
Publisher : Univ of North Carolina Press
Page : 240 pages
File Size : 44,6 Mb
Release : 2000-11-09
Category : History
ISBN : 9780807864234

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Economics in the Long Run by Theodore Rosenof Pdf

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 : Dora L. Costa,Naomi R. Lamoreaux
Publisher : University of Chicago Press
Page : 400 pages
File Size : 52,9 Mb
Release : 2011-10
Category : Business & Economics
ISBN : 9780226116341

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Understanding Long-Run Economic Growth by Dora L. Costa,Naomi R. Lamoreaux Pdf

The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.

Author : Maddison Angus
Publisher : OECD Publishing
Page : 196 pages
File Size : 40,7 Mb
Release : 1998-09-25
Category : Electronic
ISBN : 9789264163553

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Development Centre Studies Chinese Economic Performance in the Long Run by Maddison Angus Pdf

The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.

Author : Geoff Mann
Publisher : Verso Books
Page : 432 pages
File Size : 43,8 Mb
Release : 2017-01-24
Category : Political Science
ISBN : 9781784786021

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In the Long Run We Are All Dead by Geoff Mann Pdf

A groundbreaking debunking of moderate attempts to resolve financial crises In the ruins of the 2007–2008 financial crisis, self-proclaimed progressives the world over clamored to resurrect the economic theory of John Maynard Keynes. The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. Keynesians are not and never have been out to save capitalism, but rather to save civilization from itself. It is political economy, they promise, for the world in which we actually live: a world in which prices are “sticky,” information is “asymmetrical,” and uncertainty inescapable. In this world, things will definitely not take care of themselves in the long run. Poverty is ineradicable, markets fail, and revolutions lead to tyranny. Keynesianism is thus modern liberalism’s most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries. If our current crises have renewed Keynesianism for so many, it is less because the present is worth saving, than because the future seems out of control. In that situation, Keynesianism is a perfect fit: a faith for the faithless.

Author : Diane Coyle
Publisher : Princeton University Press
Page : 355 pages
File Size : 55,8 Mb
Release : 2011-02-14
Category : Business & Economics
ISBN : 9781400838110

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The Economics of Enough by Diane Coyle Pdf

Why our economy is cheating the future—and what we can do about it The world's leading economies are facing not just one but many crises. The financial meltdown may not be over, climate change threatens major global disruption, economic inequality has reached extremes not seen for a century, and government and business are widely distrusted. At the same time, many people regret the consumerism and social corrosion of modern life. What these crises have in common, Diane Coyle argues, is a reckless disregard for the future—especially in the way the economy is run. How can we achieve the financial growth we need today without sacrificing a decent future for our children, our societies, and our planet? How can we realize what Coyle calls "the Economics of Enough"? Running the economy for tomorrow as well as today will require a wide range of policy changes. The top priority must be ensuring that we get a true picture of long-term economic prospects, with the development of official statistics on national wealth in its broadest sense, including natural and human resources. Saving and investment will need to be encouraged over current consumption. Above all, governments will need to engage citizens in a process of debate about the difficult choices that lie ahead and rebuild a shared commitment to the future of our societies. Creating a sustainable economy—having enough to be happy without cheating the future—won't be easy. But The Economics of Enough starts a profoundly important conversation about how we can begin—and the first steps we need to take.

Author : Dora L. Costa,Naomi R. Lamoreaux
Publisher : University of Chicago Press
Page : 400 pages
File Size : 50,7 Mb
Release : 2011-08-10
Category : Business & Economics
ISBN : 9780226116426

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Understanding Long-Run Economic Growth by Dora L. Costa,Naomi R. Lamoreaux Pdf

The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. Probing the long-term effects of early colonial differences on immigration policy, land distribution, and financial development in a variety of settings, Understanding Long-Run Economic Growth explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.

Author : J. L. Anderson
Publisher : Cambridge University Press
Page : 100 pages
File Size : 54,7 Mb
Release : 1995-09-28
Category : Business & Economics
ISBN : 0521557844

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Explaining Long-Term Economic Change by J. L. Anderson Pdf

A concise and accessible examination of the established models used to explain long-term and large-scale economic change.

Author : Debin Ma,Jan Luiten van Zanden
Publisher : Stanford University Press
Page : 376 pages
File Size : 41,8 Mb
Release : 2011-06-06
Category : Business & Economics
ISBN : 9780804777612

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Law and Long-Term Economic Change by Debin Ma,Jan Luiten van Zanden Pdf

Recently, a growing body of work on "law and finance" and "legal origins" has highlighted the role of formal legal institutions in shaping financial institutions. However, these writings have focused largely on Europe, neglecting important non-Western traditions that prevail in a large part of the world. Law and Long-Term Economic Change brings together a group of leading scholars from economics, economic history, law, and area studies to develop a unique, global and, long-term perspective on the linkage between law and economic change. Covering the regions of Western Europe, East and South Asia, and the Middle East, the chapters explore major themes regarding the nature and evolution of different legal regimes; their relationship with the state or organized religion; the definition and interpretation of ownership and property rights; the functioning of courts, and other mechanisms for dispute resolution and contract enforcement; and the complex dynamics of legal transplantations through processes such as colonization. The text makes clear that the development of legal traditions and institutions—as embodiments of cultural values and norms—exerts a strong effect on long-term economic change. And it demonstrates that a good understanding of legal origins around the world enriches any debate about Great Divergence in the early modern era, as well as development and underdevelopment in 19th-20th century Eurasia.

Author : Steven Durlauf,John F. Helliwell,Baldev Raj
Publisher : Springer Science & Business Media
Page : 204 pages
File Size : 43,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642612114

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Long-Run Economic Growth by Steven Durlauf,John F. Helliwell,Baldev Raj Pdf

One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.

Author : Michal Kalecki
Publisher : Unknown
Page : 180 pages
File Size : 51,5 Mb
Release : 2009
Category : Business cycles
ISBN : 1583677259

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Theory of Economic Dynamics by Michal Kalecki Pdf

Author : Neri Salvadori,Arrigo Opocher
Publisher : Edward Elgar Publishing
Page : 396 pages
File Size : 50,6 Mb
Release : 2014-05-14
Category : Business & Economics
ISBN : 9781781007761

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Long-run Growth, Social Institutions and Living Standards by Neri Salvadori,Arrigo Opocher Pdf

This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. It explores the mutual relationships between living standards, social habits, education an

Author : Norman Clark,Calestous Juma
Publisher : Unknown
Page : 128 pages
File Size : 47,6 Mb
Release : 2013
Category : Macroeconomics
ISBN : 1472506596

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Long-run Economics by Norman Clark,Calestous Juma Pdf

Author : OECD
Publisher : OECD Publishing
Page : 120 pages
File Size : 43,9 Mb
Release : 2015-12-11
Category : Electronic
ISBN : 9789264248533

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The Future of Productivity by OECD Pdf

This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

Author : Christian Gollier
Publisher : Princeton University Press
Page : 244 pages
File Size : 55,7 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780691148762

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Pricing the Planet's Future by Christian Gollier Pdf

Today, the judge, the citizen, the politician, and the entrepreneur are concerned with the sustainability of our development.

Author : Rodney Maddock,Ian W. McLean
Publisher : CUP Archive
Page : 388 pages
File Size : 44,6 Mb
Release : 1987-11-12
Category : Business & Economics
ISBN : 0521339332

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The Australian Economy in the Long Run by Rodney Maddock,Ian W. McLean Pdf