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deficit

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Journal Article
History of Political Economy (2005) 37 (2): 185–190.
Published: 01 June 2005
...: University of Michigan Press. Buchanan, James, and Richard Wagner. 1977 . Democracy in Deficit . NewYork: Academic Press. Clarke, Peter F. 1997 . Keynes, Buchanan, and the Balanced Budget Doctrine. In Debt and Deficits , edited by John Maloney. Cheltenham: Edward Elgar. Hansen, Alvin. 1953 . A...
Journal Article
History of Political Economy (2020) 52 (4): 741–772.
Published: 01 August 2020
... texts, during his period as director in Madrid of the economics section of the Publishing Aguilar (1945–60). With his work, Torres provided a guide to those responsible for economic policy to introduce the urgent changes needed by the Spanish economy, due to its problems of external deficit, inflation...
Journal Article
History of Political Economy (2016) 48 (2): 225–263.
Published: 01 June 2016
... the quite peculiar economic discourses on pilgrimages, balance-of-payment deficits, and indulgences that were prominent in the early 1520s in the German lands. Martin Luther picked up directly on the economic situation and economic discourses of his day, which were marked by crisis and depression...
Journal Article
History of Political Economy (2010) 42 (3): 547–571.
Published: 01 September 2010
...James C. W. Ahiakpor Both the 1932 Harvard and Chicago recommendations for dealing with the Great Depression include vigorous open market purchases by the Fed; federal government deficit spending, including public works, financed by new money creation; reduction in tariffs; and the cancellation of...
Journal Article
History of Political Economy (1978) 10 (4): 541–548.
Published: 01 November 1978
... efficacy of monetary measures in the conditions of the times and started both in my classes and in discussions advocating deficit spending. But this had to be done almost surreptitiously. Even so, the heresy became known and I fell from grace and was re- primanded by the Chairman of the...
Journal Article
History of Political Economy (1969) 1 (2): 388–394.
Published: 01 June 1969
... endorsement of deficit budgets during the early 1930s, Henry Simons privately regarded as “piffle” the rule of countercyclical balancing of the budget. The principal concern of this paper is to trace briefly the development of the Chicago economists’ case for reliance on fiscal policy and to delineate...
Journal Article
History of Political Economy (1978) 10 (4): 534–540.
Published: 01 November 1978
...) Currie sum- marized the case for deficit spending. “After a drastic decline in business activity it is questionable whether sufficient new in- vestment will take place ‘naturally’ to offset the current disin- vestment and current saving. Broadly speaking, increased expen...
Journal Article
History of Political Economy (1975) 7 (1): 19–27.
Published: 01 March 1975
...William A. Salant Copyright © 1975 by Duke University Press 1975 11. Taxes, the multiplier, and the inflationary gap William A. Salant, 30 July 1942 It is frequently stated that a government budget deficit is exactly similar to investment in its effect on income. In...
Journal Article
History of Political Economy (1990) 22 (1): 125–136.
Published: 01 March 1990
... domestic consumption, and M = the quantity of imports. Using these symbols, Steuart says that if E=Y+M, (1) the country must annually lose the value imported. The balance of trade deficit is equal to imports. If E= Y...
Journal Article
History of Political Economy (1978) 10 (4): 525–533.
Published: 01 November 1978
... of magnitudes We may estimate that in 1929 the national monthly income amounted to around 7 billion and in 1934 between 4 and 5 billion, say 4.5 billion. For the first nine months in 1934 the pump priming or income producing deficit of the Federal Government is estimated to have...
Journal Article
History of Political Economy (1977) 9 (2): 283–284.
Published: 01 June 1977
... Political Economy 9:2 (1977) where c is the marginal propensity to consume, t, is the proportion of increased income diverted to the Treasury in the form of taxation, X, is the initial government expenditures, D, is the budgetary deficit (X, - T and Ty is the tax revenues. The multiplier has...
Journal Article
History of Political Economy (2011) 43 (2): 363–368.
Published: 01 June 2011
... economics as if it were a science. Inflation, deficits, trade, industrial policy, economic growth, the role of government in a market economy—all are approached with too much respect for economists as scientists, and not with a constant awareness that econom- ics involves choices, often political and...
Journal Article
History of Political Economy (2007) 39 (4): 741–743.
Published: 01 November 2007
...Bradley W. Bateman Correspondence may be addressed to Bradley W. Bateman, Office of the Provost, Denison University, Granville, Ohio 43023; email: batemanb@denison.edu . Duke University Press 2007 Bateman, Bradley W. 2005 . Scholarship in Deficit: Buchanan and Wagner on John...
Journal Article
History of Political Economy (1984) 16 (3): 474–476.
Published: 01 September 1984
... Association of Manufacturers, the Chamber of Commerce of the United States, and the Committee for Economic Development (CED), Collins casts fresh light on familiar events. After attacking Keynesianism as a symbol of Franklin Roosevelt’s New Deal, with its relief programs, deficits, and business 6...
Journal Article
History of Political Economy (1978) 10 (4): 509–524.
Published: 01 November 1978
... Design for Urban Growth . New York, 1976 . Currie , Lauchlin , Y. Larsson, and P. deWolff. Governmental Planning and Political Economy . Berkeley, 1967 . Davis , J. Ronnie “Chicago Economists, Deficit Budgets, and the Early 1930's.” American Economic Review 58 ( 1968 ): 476 -82...
Journal Article
History of Political Economy (1982) 14 (1): 89–100.
Published: 01 March 1982
... Quarterly Review 129 ( June 1979 ): 167 -86. Brunner , Karl . “The ‘Monetarist Revolution’ in Monetary Theory.” Weltwirtschaftliches Archiv 105 , no. 1 ( 1970 ): 1 -30. Davis , J. Ronnie . “Chicago Economists, Deficit Budgets, and the Early 1930s.” American Economic Review 58...
Journal Article
History of Political Economy (1977) 9 (1): 89–121.
Published: 01 March 1977
.... Conse- quently he advocated a deficit-financed public-works program of the following scope and subject to the following safeguards to give it maximum stimulating effect. “Regular” public works, i.e. self-liquidating projects such as elec- trification of the country’s railroads and...
Journal Article
History of Political Economy (1988) 20 (2): 332–335.
Published: 01 June 1988
... ideological barriers to deficits, federal relief, or monetary manipulations had fallen. Based on his liberal record as governor of New York, Book Reviews 333 tions-if socially responsible individuals eschewed limiting production to fix prices...
Journal Article
History of Political Economy (1977) 9 (2): 285–289.
Published: 01 June 1977
... unrealistic condition is the BBMT valid. Given the unrealistic nature of that condition, the analysis would tend to confirm the incorrect view prevailing before the BBMT was established that only a positive increment of deficit (or decrement of surplus) could increase total income when...
Journal Article
History of Political Economy (2001) 33 (4): 717–741.
Published: 01 November 2001
... deficit-financed economic alterna- tive promulgated principally by Keynes as the necessary step toward re- vitalizing private capitalism is frequently contrasted with the supposedly more enlightened fiscal stance adopted in Sweden. Although “nascent Keynesianism” in Sweden is now known to have been less...