Two Revolutions In Economic Policy

Author : James Tobin,Murray L. Weidenbaum
Publisher : MIT Press (MA)
Page : 533 pages
File Size : 50,5 Mb
Release : 1988
Category : Annual report (Council of Economic Advisers (U.S.))
ISBN : 0262200708

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Two Revolutions in Economic Policy by James Tobin,Murray L. Weidenbaum Pdf

The juxtaposition of Kennedy and Reagan approaches to economic problems is particularly instructive in that they express the two major - and quite different - approaches of macroeconomic policy in the past three decades: the 1962 Kennedy Camelot which relied on traditional Keynesian economics, and the 1982 Reagan program which called for a supply-side solution to the country's economic difficulties. From today's vantage point it is useful to compare what these two different groups of economic advisors planned to do, what they did, and what the results were.James Tobin, who received the Nobel Prize in economics in 1981, is Sterling Professor of Economics at Yale. "His Essays in Economics, collected in three volumes, are available from The MIT Press. Murray L. Weidenbaum is Director of the Center for the Study of American Business and Mallinckrodt Distinguished University Professor at Washington University.

Author : James Tobin,Murray L. Weidenbaum
Publisher : MIT Press
Page : 548 pages
File Size : 50,9 Mb
Release : 1988
Category : Business & Economics
ISBN : 0262700344

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Two Revolutions in Economic Policy by James Tobin,Murray L. Weidenbaum Pdf

The juxtaposition of Kennedy and Reagan approaches to economic problems isparticularly instructive in that they express the two major - and quite different - approaches ofmacroeconomic policy in the past three decades: the 1962 Kennedy Camelot which relied on traditionalKeynesian economics, and the 1982 Reagan program which called for a supplyside solution to thecountry's economic difficulties. From today's vantage point it is useful to compare what these twodifferent groups of economic advisors planned to do, what they did, and what the results were.JamesTobin, who received the Nobel Prize in economics in 1981, is Sterling Professor of Economics atYale. His Essays in Economics, collected in three volumes, are available from The MIT Press. MurrayL. Weidenbaum is Director of the Center for the Study of American Business and MallinckrodtDistinguished University Professor at Washington University.

Author : Klaus Schwab
Publisher : Currency
Page : 192 pages
File Size : 40,9 Mb
Release : 2017-01-03
Category : Business & Economics
ISBN : 9781524758875

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The Fourth Industrial Revolution by Klaus Schwab Pdf

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Author : Alberto Bisin,Giovanni Federico
Publisher : Academic Press
Page : 1002 pages
File Size : 40,8 Mb
Release : 2021-04-21
Category : Business & Economics
ISBN : 9780128162682

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The Handbook of Historical Economics by Alberto Bisin,Giovanni Federico Pdf

The Handbook of Historical Economics guides students and researchers through a quantitative economic history that uses fully up-to-date econometric methods. The book's coverage of statistics applied to the social sciences makes it invaluable to a broad readership. As new sources and applications of data in every economic field are enabling economists to ask and answer new fundamental questions, this book presents an up-to-date reference on the topics at hand. Provides an historical outline of the two cliometric revolutions, highlighting the similarities and the differences between the two Surveys the issues and principal results of the "second cliometric revolution" Explores innovations in formulating hypotheses and statistical testing, relating them to wider trends in data-driven, empirical economics

Author : Paul W. Rhode,Joshua L. Rosenbloom,David F. Weiman
Publisher : Stanford University Press
Page : 488 pages
File Size : 50,5 Mb
Release : 2011-01-28
Category : Business & Economics
ISBN : 9780804777629

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Economic Evolution and Revolution in Historical Time by Paul W. Rhode,Joshua L. Rosenbloom,David F. Weiman Pdf

This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes. They are shaped by institutional and spatial contexts, which are "carriers of history," including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts the text takes on a wide array of historically salient economic questions—ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.

Author : Jack A. Goldstone
Publisher : Oxford University Press
Page : 177 pages
File Size : 40,7 Mb
Release : 2023
Category : History
ISBN : 9780197666302

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Revolutions: a Very Short Introduction by Jack A. Goldstone Pdf

"In the 20th and 21st century revolutions have become more urban, often less violent, but also more frequent and more transformative of the international order. Whether it is the revolutions against Communism in Eastern Europe and the USSR; the "color revolutions" across Asia, Europe and North Africa; or the religious revolutions in Iran, Afghanistan, and Syria; today's revolutions are quite different from those of the past. Modern theories of revolution have therefore replaced the older class-based theories with more varied, dynamic, and contingent models of social and political change. This new edition updates the history of revolutions, from Classical Greece and Rome to the Revolution of Dignity in the Ukraine, with attention to the changing types and outcomes of revolutionary struggles. It also presents the latest advances in the theory of revolutions, including the issues of revolutionary waves, revolutionary leadership, international influences, and the likelihood of revolutions to come. This volume provides a brief but comprehensive introduction to the nature of revolutions and their role in global history"--

Author : Olivier Blanchard,Lawrence H. Summers
Publisher : MIT Press
Page : 388 pages
File Size : 46,9 Mb
Release : 2019-04-16
Category : Business & Economics
ISBN : 9780262039369

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Evolution or Revolution? by Olivier Blanchard,Lawrence H. Summers Pdf

Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways—to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoît Cœuré, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers

Author : Werner Abelshauser
Publisher : Berghahn Books
Page : 176 pages
File Size : 51,8 Mb
Release : 2005-10-01
Category : Business & Economics
ISBN : 9781782387992

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The Dynamics of German Industry by Werner Abelshauser Pdf

Over the past decade, the "German Model" of industrial organization has been the subject of vigorous debate among social scientists and historians, especially in comparison to the American one. Is a "Rhenish capitalism" still viable at the beginning of the 21st century and does it offer a road to the New Economy different from the one, in which the standards are set by the U.S.? The author, one of Germany's leading economic historians, analyzes the special features of the German path to the New Economy as it faces the American challenge. He paints a fascinating picture of Germany Inc. and looks at the durability of some of its structures and the mentalities that undergird it. He sees a "culture clash" and argues against an underestimation of the dynamics of the German industrial system. A provocative book for all interested in comparative economics and those who have been inclined to dismiss the German Model as outmoded and weak.

Author : D. Paul Schafer
Publisher : University of Ottawa Press
Page : 320 pages
File Size : 46,9 Mb
Release : 2008-04-29
Category : Business & Economics
ISBN : 9780776617732

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Revolution Or Renaissance by D. Paul Schafer Pdf

In Revolution or Renaissance, D. Paul Schafer subjects two of the most powerful forces in the world – economics and culture – to a detailed and historically sensitive analysis. He argues that the economic age has produced a great deal of wealth and unleashed tremendous productive power; however, it is not capable of coming to grips with the problems threatening human and non-human life on this planet. After tracing the evolution of the economic age from the publication of Adam Smith's The Wealth of Nations in 1776 to the present, he turns his attention to culture, examining it both as a concept and as a reality. What emerges is a portrait of the world system of the future where culture is the central focus of development. According to Schafer, making the transition from an economic age to a cultural age is imperative if global harmony, environmental sustainability, economic viability, and human well-being are to be achieved.

Author : Albert Carreras,Xavier Tafunell
Publisher : Springer Nature
Page : 355 pages
File Size : 52,8 Mb
Release : 2021-02-22
Category : Business & Economics
ISBN : 9783030605049

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Between Empire and Globalization by Albert Carreras,Xavier Tafunell Pdf

This book provides a rigorously chronological journey through the economic history of modern Spain, always with an eye opened to what happens in the international economy and a focus on economic policy making and institutional change. It shows the central theme of the Spanish economy from the late 18th century to the early 21st century is the painful transformation from being a major imperial power to a small nation and later a member of the European Community and a player in a globalized economy. It looks in detail at two major issues - economic growth and convergence or divergence to the Western European pattern- and the permanent tension between the two when assessing historical experience since the industrial revolution. This book proposes new visions of the economic past of Spain and provides comparisons over time and space, which will be of interest to academics and students of economic history, European economic history and more specifically Spanish economic history.

Author : Silvia A. Conca Messina
Publisher : Routledge
Page : 287 pages
File Size : 43,5 Mb
Release : 2019-04-24
Category : Business & Economics
ISBN : 9780429648885

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A History of States and Economic Policies in Early Modern Europe by Silvia A. Conca Messina Pdf

Why was early modern Europe the starting point of the economic expansion which led to the Industrial Revolution? What was the state’s role in this momentous transformation? A History of States and Economic Policies in Early Modern Europe takes a comparative approach to answer these questions, demonstrating that wars, public finance and state intervention in the economy were the key elements underlying European economic dynamics of the era. Structured in two parts, the book begins by examining the central issues of the state–economy relationship, including military revolution, the fiscal state and public finance, mercantilism, the formation of commercial empires and the economic war between Britain and France in the 1700s. The second part presents a detailed comparison between the different economic policies of the most important European states, looking at their unique demographic, economic, military and institutional contexts. Taken as a whole, this work provides a valuable analysis of early modern economic history and a picture of Europe’s global position on the eve of the Industrial Revolution. This book will be useful to students and researchers of economic history, early modern history and European history.

Author : Bruno S. Frey
Publisher : Unknown
Page : 264 pages
File Size : 53,8 Mb
Release : 2008
Category : Business & Economics
ISBN : UOM:39015073606579

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Happiness by Bruno S. Frey Pdf

After tracing the major developments of happiness research in economics and demonstrating that we have gained important new insights into how income, unemployment, inflation, and income demonstration affect well-being, Frey examines democracy and federalism, self-employment and volunteer work, marriage, terrorism, and watching television from the new perspective of happiness research. Turning to policy implications, Frey describes how government can provide the conditions under which people can achieve well-being, arguing that effective political institutions and decentralized decision making play crucial roles. Happiness demonstrates the achievements of the economic happiness revolution and points the way to future research."--Pub. desc.

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 47,7 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

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The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

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 : C. Eugene Steuerle
Publisher : Unknown
Page : 38 pages
File Size : 49,9 Mb
Release : 1980
Category : Capital gains tax
ISBN : HARVARD:32044032431322

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Is Income from Capital Subject to Individual Income Taxation? by C. Eugene Steuerle Pdf

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 41,6 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

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.