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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...
Journal Article
History of Political Economy (2016) 48 (2): 225–263.
Published: 01 June 2016
... of 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. Debates...
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 (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...
Journal Article
History of Political Economy (2022) 54 (2): 251–289.
Published: 01 April 2022
... economics. I show that Viner's views on those issues and on such issues as the retention of the gold standard, money-financed versus bond-financed deficits, 100 percent reserves, the usefulness of cost cutting to combat the Depression, and rules-versus-discretion differed fundamentally from a core group...
Journal Article
History of Political Economy (1978) 10 (4): 541–548.
Published: 01 November 1978
... 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 Department...
Journal Article
History of Political Economy (1990) 22 (1): 125–136.
Published: 01 March 1990
... = 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, (2...
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...
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 (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 averaged 285...
Journal Article
History of Political Economy (1978) 10 (4): 509–524.
Published: 01 November 1978
..., 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. Davis , J. Ronnie The New...
Journal Article
History of Political Economy (1977) 9 (1): 89–121.
Published: 01 March 1977
... reconstruction in order to avoid a complete breakdown. In such a process it would make little difference that the government might now be adding to its public debt by recovery measures contemplated for 1933-34. Conse- quently he advocated a deficit-financed public-works program...
Journal Article
History of Political Economy (2001) 33 (4): 717–741.
Published: 01 November 2001
.... The arguments subsequently deployed in each country for and against the use of larger-scale public works as a counter- cyclical device in the 1930s were also similar, although the intellectual environmentwas different(Garside 1990, 318; Topp 1987, 34–36). Britain’s reluctance to embrace the deficit...
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 (2014) 46 (3): 409–433.
Published: 01 September 2014
... Debt Sustainability and Alternative Theories of Interest .” Cambridge Journal of Economics 34 ( 3 ): 433 – 47 . Brown-Collier E. K. Collier B. E. . 1995 . “ What Keynes Really Said about Deficit Spending .” Journal of Post Keynesian Economics 17 ( 3 ): 341 – 55 . Clarke...
Journal Article
History of Political Economy (2011) 43 (2): 363–368.
Published: 01 June 2011
... 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 ideological...
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 (1977) 9 (2): 283–284.
Published: 01 June 1977
... 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 a value of 1 in equation (3) in the special case where t, = 1...
Journal Article
History of Political Economy (1977) 9 (2): 285–289.
Published: 01 June 1977
... increment of deficit (or decrement of surplus) could increase total income when induced increments of tax revenue affect both consumption and saving. complete paragraph on p. 21). This is the second type of tax analyzed in Somers’ 1942 article. It should be noted that the second complete...