... controlled by measures that address cost increases in the private sector, and we suggest that this perception sowed the seeds of the Great Inflation later. Correspondence may be addressed to Norikazu Takami, Institute of Economic Research, Hitotsubashi University, Japan, at takami.jp@gmail.com...

... to citizens with an argument that would be convincing to the community of US economists in the mid-twentieth century. Musgrave's definition highlights his lifelong concern for a comprehensive, realistic, and useful normative theory of the public sector. Correspondence may be addressed to maxime.desmarais...

..., were their technological heterogeneity—in the sense of significant differences in the capital-labor ratio between two or more sectors—and underemployment caused by maladjustment between the availability of factors and irreversible production methods. Both characteristics were explained...

... in the eyes of many sectors of society. This was a consequence of Bunge’s personal connections, and of the close relationship between the index and Bunge and between the index and his macroeconomic vision, which differed from that of the economic and political elite. The trajectory of the second estimate...

... as a paternalistic intervention by the state. I suggest that the accusation of paternalism should not come as a surprise once the “domestic” elements in Musgrave’s conceptualization of the public sector are highlighted. I develop three points of the analogy in Musgrave’s public household which echo recurring...

.... By appealing to government administrators in both the United States and developing countries, Schultz helped shift development policies toward state-supported technical assistance, public education, and market-oriented policies for the agricultural sectors in the global South. Copyright © 2021 Duke...

... industrial sectors and cut both their corn exports and their imports of foreign industrial goods. We critically assess Malthus’s views and compare them with Torrens 1815 and Ricardo 1822. We argue that the weak point of Malthus’s reasoning lies in his inability to perceive that an international trade-induced...

... triumph of “American Keynesianism,” it shows that institutionalists developed income accounting as a knowledge infrastructure to monitor inter-sectoral imbalances that generated cyclical fluctuations. Called the National Income and Product Accounts (NIPA) System, this infrastructure constructed...

... conducted in Washington, DC, Brasilia, and São Paulo among think tanks, governmental sectors, the World Bank, and market research institutes. By foregrounding the workings of a transnational network of experts, I chronicle how the middle-class language traversed circuits of science, policymaking, and market...

..., empirical data, bits of economic theory, institutional arrangements, the aims and hopes of economic planning, images and visions of the economy, and the practical requirements and affordances of computing technologies. The article traces the movements and changes of the multi-sector growth model...

...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...

... on public opinion, serving in government where he was involved at the highest levels, and working in the private sector in which he had close friends. He adopted the macroeconomics of his close friend John Maynard Keynes, and he became best known for his warning against the dangers in the spread of monopoly...

... devel- opment of a dual society. Both of these areas of inquiry are related to the process of absorption of traditional workers into industries in the capitalist sector-an area of central interest in economic development literature.’ A variant of the Fei-Ranis model...

..., is devoted to these baffling and tortuous 131 pages. In them, Marx believed he had shown that the fact capitalists save and accumulate capital leads inevitably to economic crises. In his two-sector, fixed- coefficients paradigm, he tried to demonstrate that under capitalism there arise sectoral...

... an aggregative, Waterman - Chalmers on “National Resources” 223 three-sector model in which full employment is continually maintained by (virtually instantaneous) redeployment of capital and labor in re- sponse to rapidly changing relative factor prices. In view of the latter...

... both firms and sectors. The level of the profit rate in value terms is, however, associated with the distribution of capital into constant and variable capital. Since neither labor power nor machinery, buildings, or other sorts of production equipment are completely mobile, the actual...

... Todaro. 1970 . Migration, Unemployment and Development: A Two-Sector Analysis. American Economic Review 60 ( March ): 126 –42. Hirschman , Albert O. 1958 . The Strategy of Development . New Haven, Conn.: Yale University Press. Hirschman , Albert O. 1967 . Development Projects...

... values in a capitalist society: intersectoral capitalist competition prevents the exchange of commodities at market values from ever taking place. 15 More precisely, here Marx is stressing that the possibility of capital transfers between sectors is sufficient to prevent the exchange...

... University Press . Dupriez L. 1987 . Economic Progress—Proceedings of a Conference held by the International Economic Association . New York : Palgrave Macmillan . Echevarria C. 1997 . “ Changes in Sectoral Composition Associated with Economic Growth ”. International Economic Review...

...). Benavie , A. 1976 . ‘Monetary and fiscal policy in a two-sector Keynesian macro-economic model.’ Journal of Money, Credit and Banking 8 , no. 1 : 63 -84. Benavie , A. 1977 . ‘Generalizing the two-sector Keynesian and neoclassical macro-models.’ Southern Economic Journal 43 , no. 3...