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Journal Article
History of Political Economy (2016) 48 (2): 307–340.
Published: 01 June 2016
...Mauro Boianovsky Knut Wicksell discussed in his 1893 Value, Capital, and Rent , as part of a critical comment on Launhardt and Jevons, conditions for consistent aggregation. He argued that Jevons's “trading body” concept was only valid if identical linear marginal utility functions (with ensuing...
Journal Article
History of Political Economy (1990) 22 (3): 489–505.
Published: 01 September 1990
.... Q. M. Merkies. 1984 . Aggregation in economic research: from individual to macro relations. Dordrecht and Boston. van Daal , J. 1988 . The problem of aggregation of individual economic relations: consistency and representativity in a historical perspective. In Theory and applications...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 106–129.
Published: 01 December 2006
... of Economics and Statistics 49 ( February ): 77 -84. ____. 1974 . Complete Systems of Demand Equations: Some Thoughts about Aggregation and Functional Form. Recherches économiques de Louvain 40.1 : 3 -20. Basmann, Robert L., R. C. Battalio, and John H. Kagel. 1973 . Comment on R. P. Byron's...
Journal Article
History of Political Economy (2002) 34 (2): 321–364.
Published: 01 June 2002
...: An Introduction to Analysis and Policy . Englewood Cliffs, N.J.:Prentice-Hall. Barens, Ingo. 1997 . What Went Wrong with IS-LM/AS-AD—and Why? Eastern Economic Journal 23.1 : 89 -99. Barro, Robert J. 1990 . Macroeconomics . 3rd ed. New York: Wiley. ____. 1994 . The Aggregate-Supply/Aggregate-Demand...
Journal Article
History of Political Economy (1977) 9 (1): 156–159.
Published: 01 March 1977
...Don Patinkin Copyright © 1977 by Duke University Press 1977 1. I am much indebted to my colleagues Giora Hanoch and Aviah Spivack for helpful discussions. Bibliography Davidson , Paul , and Eugene Smolensky. Aggregate Supply and Demand Analysis . New York: Harper and Row...
Journal Article
History of Political Economy (1978) 10 (4): 549–576.
Published: 01 November 1978
... Adjustment: Marshall Revisited.” Economic Inquiry (June 1974 ): 146 -58. Davidson , Paul , and Eugene Smolensky Aggregate Supply and Demand Analysis . New York, 1964 . Grossman , H. I. “Was Keynes a ‘Keynesian'? A Review Article.” Journal of Economic Literature (March 1972 ): 26 -30...
Journal Article
History of Political Economy (1978) 10 (4): 577–596.
Published: 01 November 1978
... 1976 ): 133 -67. Bryce , Robert B. “An Introduction to a Monetary Theory of Employment” ( 1935 ). In Keynes, Cambridge and the General Theory , edited by Don Patinkin and J. C. Leith (London, 1977), p. 128 -45. Davidson , Paul , and Eugene Smolensky Aggregate Supply and Demand...
Journal Article
History of Political Economy (2021) 53 (S1): 81–110.
Published: 01 December 2021
... the years. The article therefore argues that the IMF and countries coproduce false accounts, whereby inferences of macroeconomic estimates serve other institutional functions inside the IMF besides veracity. False Accounting as Formalizing Practices: The Computation of Macroeconomic Aggregates in African...
Journal Article
History of Political Economy (1990) 22 (1): 167–172.
Published: 01 March 1990
... . Keynes's General Theory fifty years on: its relevance and irrelevance to modern times . London: Institute of Economic Affairs. Casarosa , C. 1981 . The microfoundations of Keynes' aggregate supply and expected demand analysis. Economic Journal 91 ( March ): 188 -94. Davidson , P...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 189–212.
Published: 01 December 2006
..., Behavioral Heterogeneity, and the Aggregation Problem. Journal of Economic Theory 57.1 : 1 -35. Green, J. R. 1974 . The Stability of Edgeworth's Recontracting Process. Econometrica 42.1 : 21 -34. Hahn, F. H. 1962 . On the Stability of a Pure Exchange Equilibrium. International Economic...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 127–146.
Published: 01 December 2009
...Marcel Boumans This article aims to show the mathematical contexts out of which emerged Solow's 1957 article “Technical Change and the Aggregate Production Function.” In particular, it seeks to provide some understanding of its most striking feature, namely, the highly aggregate level on which...
Journal Article
History of Political Economy (2015) 47 (4): 605–629.
Published: 01 December 2015
... 1956, economic experts, including politicians and journalists as well as economists, began to observe a peculiarity accompanying the ongoing inflation, namely, an apparent lack of excess aggregate demand, and they placed great emphasis on cost-push inflation theories in their interpretations...
Journal Article
History of Political Economy (2019) 51 (3): 579–599.
Published: 01 June 2019
...Aurélien Saïdi In a 1957 paper, Robert Solow exploited the mathematical properties of the aggregate production function to isolate the role of disembodied “technical change” in economic growth. Solow’s method allowed economists to disentangle the role of technical change from that of production...
Journal Article
History of Political Economy (2009) 41 (3): 545–574.
Published: 01 September 2009
...Arie Arnon The Restriction period that began in England in 1797 marked a crucial turning point for monetary theory and policy. The debates during the Restriction concerning the relationship between inflation, the exchanges and monetary aggregates came to be known as the “Bullion Debate...
Journal Article
History of Political Economy (2010) 42 (2): 267–295.
Published: 01 June 2010
... hand, Commons followed Hohfeld and recognized that such concepts as property and inheritance actually represent an aggregation of numerous types of legal relations. Hohfeld's schema provided a powerful rhetorical and analytical tool whereby these highly abstract conceptions could be reduced...
Journal Article
History of Political Economy (2022) 54 (1): 37–73.
Published: 01 February 2022
..., these results were consistent with the old classical conception of price formation emerging from the collective interaction of the traders. Aggregation and price discovery constitute essential functions of classical markets. We explore the divergence of neoclassical scholars from this classical tradition...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 47–66.
Published: 01 December 2009
...Mauro Boianovsky This article investigates original contributions made by Swedish economists to the interpretation of the process of economic growth. Knut Wicksell studied the optimal capital accumulation path and applied the aggregate production function approach to growth with land scarcity...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 88–106.
Published: 01 December 2009
...Lionello F. Punzo Relying on historical evidence as well as on rational arguments, this article reconstructs the birth of the neoclassical theory as a key episode of the parallel though interconnected evolution of the aggregate theories of growth and oscillations. As a by-product, it explains why...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 285–303.
Published: 01 December 2009
... of macroeconomic increasing returns reveals the limitations of models that assume an aggregate production function exhibiting constant returns to scale while “augmented” by exogenous technical progress. His endogenously self-sustaining growth paradigm is also shown to differ in important respects (including in its...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 334–355.
Published: 01 December 2009
...Tiago Mata; Francisco Louçã Robert Solow's “Technical Change and the Aggregate Production Function” (1957) has had an enduring influence on macroeconomics. In this article, we examine the history of fluctuations in growth theory through the story of the “Solow residual” as a “black box.” We show...