...Ho-Po Crystal Wong I examine John Maynard Keynes's struggle with the doctrine of forced saving during the period 1924–36, from when he worked on the Treatise on Money to the completion of his General Theory . I investigate what led Keynes to completely abolish ideas related to forced saving and how...

... of asset market equilibrium.’ University of Strathclyde Discussion Papers in Economics , no. 86/4. Ohlin , B. 1937 . ‘Some notes on the Stockholm theory of savings and investment.’ Economic Journal 47 : 53 -69 and 221–40. Robertson , D. H. 1937 . ‘Alternative theories of the rate...

...] 1963 . Forced or Induced Saving: An Exploration into Its Synonyms and Homonyms. In Essays on Economic Semantics , 213 -40. Englewood Cliffs,N.J.: Prentice-Hall. Menger, C. [1871] 1981 . Principles of Economics . New York: New York University Press. Mises, L. [1912] 1953 . The Theory...

... . A Contribution to the Theory of Taxation. Economic Journal 37.145 : 47 -61. ———. 1928 . A Mathematical Theory of Saving. Economic Journal 38.152 : 543 -59. Frank Ramsey’s Notes on Saving and Taxation Edited by Pedro Garcia Duarte Editor’s Introduction There are two sets of undated...

..., name index, and subject index. It belongs in every Marxist’s library, and in every research library. DePaul University WILLIAMM. DUGGER Cambridge monetary thought: development of saving-investment analysis from Marshall to Keynes. By Pascal Bridel. New York...

... . Economic Theory in Retrospect. 5th ed. Cambridge: Cambridge University Press. Cantillon, Richard. [1755] 1959 . Essay on the Nature of Trade in General . Edited and translated, with other material, by Henry Higgs. London: Frank Cass. Garrison, Roger W. 2004 . Overconsumption and Forced Saving...

... Baumol, William J., and Alan S. Blinder. 2007 . Macroeconomics: Principles and Policy. 10th ed. Mason, Ohio: Thompson South-Western Publishing. Garrison, Roger W. 2004 . Overconsumption and Forced Saving in the Mises-Hayek Theory of the Business Cycle. HOPE 36.2 : 323 -49. Gwartney, James D...

...Amedeo Fossati The statement that taxing earned income implies that saved income is taxed more than consumed income is usually credited to John Stuart Mill and was championed by Irving Fisher, even though, in the first half of the twentieth century, international doctrine never accepted it, save...

...Gregory R. Woirol Despite lack of support from professional economists, the idea of a tax on labor-saving machinery as a policy to help displaced workers had widespread popular appeal in the US throughout the Great Depression of the 1930s. A response to concerns about technological unemployment...

... transactions were assumed away. The article also addresses Wicksell's position concerning the so-called Cournot problem (that the general equilibrium system may not be able to provide precise numerical solutions), and his use of the notion of the representative agent in the formulation of the saving function...

...Maria Pia Paganelli Abstract What are the causes of prosperity? In addition to the division of labor, saving, capital accumulation, and good institutions, Adam Smith explains opulence through vanity and luck, two variables we tend to forget today. For Smith, wealth comes from our propensity...

... Hirschman's approach was rejected as more psychology than economics by a leading representative of detailed plans and removing “obstacles” such as short-ages of foreign exchange and domestic savings. Ironically, RAND psychologists had just shown that team training with simulations plus daily debriefings...

... exercised on the theoretical and political debate of that time led to a widespread preference of Kaldor’s theory as over the life cycle as the best representation of Italian savings behavior. Correspondence may be addressed to Antonella Rancan, University of Molise, Department of Economics, via De...

... that defines the saving ratio in the economy. However, the road connecting Solow to the Ramsey-Cass-Koopmans model is not so straightforward. We argue that in order to understand Koopmans’s contribution, we have to go to the activity analysis literature that started before Solow 1956 and never had him...

... and engineering nexus. Costs calculations were developed to design a nationwide integrated machine. Hydropower in the south was to be interconnected with thermal power in the north, in order to support a massive increase in consumption in the Paris basin, saving on coal and on the scarce funding of the Marshall...

... to rediscover Louis Bachelier’s work, indicating that “a prophet is not without honor, save in his own country.” The present article challenges this conventional narrative and studies for the first time how financial economics was disseminated in France between the mid-1970s and the early 1980s. It shows...

... as shared between the prince and the common man, Schröder came to differ on the issue of labor-saving technology and its use in manufacturing workhouses. Despite championing absolutism, Schröder related studies of natural science, technology, and society in more integrated and less hierarchical ways than...

... theory of market failure in which depression stemmed from the failure of the financial machine to translate saving into investment. The article explores how these two views of market failure came together in the proceedings of the Temporary National Economic Committee, arguing that the ideas about...

...Joan O'Connell In outlining his theory of economic growth and income distribution, Kaldor made a “logical slip”: while in his model, workers might save, workers' assets were accounted for. Kaldor acknowledged the strong influence of Kalecki and Keynes on his work. What is suggested here...

... of the so-called forced saving doctrine and its place in that tradition. Finally, Ahiakpor fails to appreciate that the absence of positive policy proposals from the 1934 Harvard studies of The Economics of the Recovery Program , a point that he himself notes, is a major contributing factor to that book's...