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Author : Melvin L. Greenhut
Publisher : Unknown
Page : 104 pages
File Size : 42,5 Mb
Release : 1961
Category : Business cycles
ISBN : UCAL:B4170075
Author : Assar Lindbeck
Publisher : North-Holland
Page : 356 pages
File Size : 48,5 Mb
Release : 1979
Category : Business & Economics
ISBN : STANFORD:36105035581557
Author : Benjamin Higgins
Publisher : Routledge
Page : 384 pages
File Size : 41,9 Mb
Release : 2018-01-16
Category : Business & Economics
ISBN : 9781351292351
The world economy has undergone a fundamental transformation in recent decades and theoretical structures inherited from the 1930s through the 1950s, while retaining large elements of truth, are inadequate to deal with current problems. Benjamin Higgins feels that for a society such as the United States a fiscal policy needs to be adopted that can deal simultaneously with existing unemployment and inflation. He suggests three possible governmental policies: stimulating a high rate of long-run growth, by use of reward innovations and by maintaining the highest possible level of scientific and technical activity; isolating regions that are generators of inflation and others that are pools for unemployment; and establishing a system of direct controls similar to those used in wartime. Higgins describes the transformation of the cogent prewar business cycle, with its alternations of inflation or unemployment, then a transitional period of underemployment equilibrium and secular stagnation, and finally, the strange new world of today, one with economic fluctuations in the form of shifting trade-off curves and loops. He then applies his new paradigm to current problems, showing why they cannot be managed through macroeconomic monetary and fiscal policy. Higgins offers case studies of efforts to fight inflation and unemployment, and to reduce regional gaps, to show their strengths and weaknesses. It can be said that unemployment always results from too many people chasing too few jobs, and inflation is always caused by too much money chasing too few goods and services. Beyond such banal generalizations, Higgins maintains there is no single cause for either unemployment or inflation, and thus no single cure can be prescribed for either, let alone for both at once. Nor is it to be expected that the appropriate cure will prove to be the same in all countries at all times. He suggests that an optimal blend of monetary and fiscal policy that will produce the "minimum discomfort" is a good start. Employment Without Inflation will be of direct policy interest to economists, sociologists, and national planners.
Author : Ciaran Driver,Paul Temple
Publisher : Routledge
Page : 390 pages
File Size : 40,9 Mb
Release : 2005-08-10
Category : Business & Economics
ISBN : 9781134641796
Investment - in both facilities and know-how - is essential for growth. Economists try to understand the forces that determine investment, but investment behaviour is unruly; often the term animal spirits is used to explain the resulting volatility. This volume presents studies to explain international investment behaviour and assess its impact on growth and jobs. The authors also examine policy measures to reverse the climate of low investment that has characterised recent decades. The contributors examine how well standard models of investment work, the role of finance constraints, the effect of risk and uncertainty, the impact of alternative forms of corporate governance, the forces shaping the adoption of new technology, the impact of foreign direct investment, the effect of investment on the NAIRU and the causal structure of investment and growth. Editors introductions to the different sections of the book provide comprehensive overviews of the main theories of investment, the impact of investment on growth and employment and examine the main questions raised for policy makers.
Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 54,6 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442
This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
Author : Edmund S. Phelps
Publisher : Academic Press
Page : 433 pages
File Size : 40,9 Mb
Release : 2014-05-10
Category : Political Science
ISBN : 9781483271187
Studies in Macroeconomic Theory, Volume 1: Employment and Inflation is a collection of scholarly papers that accounts the development of a microeconomic theory of wage and price decisions and commitments. The book presents some features of the modern inflationary process and makes sense of some still accepted elements in the postclassical macroeconomics of Keynes and Phillips. The papers in this volume are grouped into seven sections. Part I describes disequilibrium models of employment. Part II gives closer scrutiny to the idea of the "natural" rate of unemployment. Part III studies the welfare economics of inflation in an equilibrium context. The fourth part deals with inflation planning. The papers in Part V discuss hypotheses about the causes of the rise in the rate of inflation in two historical episodes: the American inflation between 1955 - 1957 and 1972 - 1974. Part VI addresses some questions in the theory of economic stabilization by monetary and fiscal policy. The final section of this volume attempts to apply to matters of stochastic social choice, stabilization policy being one instance of such a choice, the conception of justice advanced by Rawls. The compendium will be of value to economists and economic policy makers.
Author : Robert H. Edmonds,Mark Goldes,L. V. Watkins
Publisher : Unknown
Page : 92 pages
File Size : 40,6 Mb
Release : 1977
Category : Employment tax credit
ISBN : UIUC:30112075187564
Author : Victor E. Argy,John Nevile
Publisher : Routledge
Page : 398 pages
File Size : 55,8 Mb
Release : 2016-04-20
Category : Business & Economics
ISBN : 9781317216797
Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Author : United States. Panel on the American Economy: Employment, Productivity, and Inflation
Publisher : Unknown
Page : 100 pages
File Size : 44,5 Mb
Release : 1981
Category : Industrial productivity
ISBN : UIUC:30112070967408
Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 47,8 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : R.J. Ball
Publisher : Springer
Page : 256 pages
File Size : 54,6 Mb
Release : 1982-03-01
Category : Business & Economics
ISBN : 9781349166954
Author : Alain Parguez,University of Ottawa. Department of Economics
Publisher : Department of Economics, University of Ottawa = Dép. de science économique, Université d'Ottawa
Page : 88 pages
File Size : 41,7 Mb
Release : 1994
Category : Business & Economics
ISBN : IND:30000105290575
Author : Jonathan Michie,John Grieve Smith
Publisher : OUP Oxford
Page : 284 pages
File Size : 40,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0198290934
From a post-war assumption that full employment could be maintained through demand management techniques, we now live in an entirely different world. The contributors to this volume consider whether full employment is possible or affordable.
Author : Tim Hazledine
Publisher : Springer
Page : 265 pages
File Size : 53,6 Mb
Release : 1984-12-09
Category : Business & Economics
ISBN : 9781349176977
Author : Robert H. Edmonds,Mark Goldes
Publisher : Unknown
Page : 92 pages
File Size : 52,8 Mb
Release : 1977
Category : Employment tax credit
ISBN : UOM:39015008256755
