.... History of Political Economy I7:l 0 1985 by Duke University Press CCC 00 18-2702/85/$1.50 Ricardo on money: the operational significance of the non-neutrality of money in the short run James C. W. Ahiakpor One...

... Economics in the Long Run: New Deal Theorists and Their Legacies, 1933– 1993. By Theodore Rosenof. Chapel Hill: University of North Carolina Press, 1997. 223 pp. Rosenof, a historian, argues that divisions among heterodox economists have pre...

...Michael J. Gootzeit Copyright © 1973 by Duke University Press 1973 The Corn Laws and Wage Adjustment in a §hart-Run Ricardian Model Michael J. Gootzeit THEREare several vantage points from which...

... Economy . References Boöhm-Bawerk , E. von , Positive Theorie des Kapitales (Innsbruck, 1888), translated as Positive Theory of Capital (New York, 1891 ), especially bk. 7, p. 381 -424. Brems , H. , “An Attempt at a Rigorous Restatement of Ricardo's Long–Run Equilibrium,” Canadian...

...–1983. Unpublished paper. Brussels: Commission of the European Communities. Tullio , G. 1987 . Long-run implications of the increase in taxation and public debt for employment and economic growth in Europe. European Economic Review 20 ( April ): 741 -74...

...Robert W. Dimand; Steven N. Durlauf Although Tobin 1955 was one of the founding papers of the neoclassical one-sector growth model with smooth substitution between capital and labor, James Tobin's contributions to long-run growth theory throughout his career stood apart from other neoclassical...

...Michaël Assous Robert Solow has called repeatedly for the development of models that combine equilibrium and out-of-equilibrium outcomes, or what he calls medium-run macroeconomics. This essay recounts the history of his various attempts to address that issue. It starts in the early 1950s, when...

...Giuseppe Freni; Neri Salvadori; Rodolfo Signorino Malthus’s main economic argument against free corn trade in his Essay on Population concerned the issue of structural change triggered by international trade. Malthus claimed that, in the long run, agricultural countries will develop their domestic...

..., it enabled experimentation with utopian long-run equilibrium growth. As an instrument of measurement, it was applied to time-series data. As a prototype, it was supposed to feed into larger-scale econometric models that were, in turn, thought of as technologies for policy advice. Used as a teaching device...

.... The article then turns a by-product of the controversy—the model of short-run disequilibrium by Solow and Joseph Stiglitz—arguing that this marked a turning point in macroeconomics at MIT. Throughout it is argued that the close personal contacts between MIT economists and their Cambridge counterparts...

... as a whole. It is concluded that there were significant affinities in theoretical interest running between MIT economics and other fields at MIT, which revolved around the emergence of macro-scale phenomena out of the dynamic interplay of local decision-making processes. However, the methodology through...

...Stephen Meardon The most conspicuous idea of Charles P. Kindleberger’s later career is the value of a single country acting as stabilizer of an international economy prone to instability. It runs through his widely read books, The World in Depression, 1929-1939 (1973), Manias, Panics, and Crashes...

... would run the technocracy they envisioned, and a faith that expertise could not only serve the social good, but also identify it; and that, while antimonopoly, the progressives believed that increasing industrial consolidation was inevitable, and desirable, consistent with their faith in planning...

... responded with its Brief of Arguments against Public Ownership (1913–17). Resembling a loose-leaf service for lawyers, the Brief furnished opinion leaders with more than three hundred items of evidence, some drawn from economists, about the failings of government-run enterprises. To impart lessons about...

... in the long run. Stabilizations, through a monetary revolution close to what had been proposed by Bodin, Mariana, and Locke, occurred between the end of the seventeenth and the beginning of the eighteenth century. Addison, Joseph. [1710] 1998 . History of a Shilling. In The Commerce of Everyday Life...

...Bradley W. Bateman Efforts to consider economic life from a religious perspective almost always run headlong into the conflict between utilitarian values, which are the cornerstone of modern economic analysis, and religious values, which are almost uniformly nonutilitarian. This essay looks...

...Harald Hagemann Shortly after World War II growth theory came to occupy a central position in modern economics. Two of the most important early contributions were made by Harrod and Domar. Both aimed to extend Keynes's analysis in the General Theory into the long run by considering under what...

...Maxime Desmarais-Tremblay The ancient Greek conception of oikonomia is often dismissed as irrelevant for making sense of the contemporary economic world. In this paper, I emphasize a thread that runs through the history of economic thought connecting the oikos to modern public economics...

... Taylor defined and used it. Drawing upon Taylor's publications and archival sources, we show that Taylor coined the term in direct reference to Jean-Baptiste Say's writings. Simply put, Say's Law was defined by Taylor as the principle that “total demand must in the long run coincide with the total...