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Journal Article
History of Political Economy (1969) 1 (2): 395–400.
Published: 01 June 1969
...Robert T. Nash; William P. Gramm Copyright © 1969 by Duke University Press 1969 A Neglected Early Statement of the Paradox of Thrift Robert T. Nash and William P. Gramm...
Journal Article
History of Political Economy (1995) 27 (4): 687–703.
Published: 01 November 1995
.... Copyright © 1995 by Duke University Press 1995 References Barth , James R. 1991 . The Great Savings and Loan Debacle . Washington: American Enterprise Institute Press. Barth , James R. , Philip Bartholomew, and Carol Labich 1989 . Moral Hazard and the Thrift Crisis: An Analysis...
Journal Article
History of Political Economy (2000) 32 (4): 789–832.
Published: 01 November 2000
... the Treatise disequi- librium analysis to a “rise in thrift” in order to illustrate the “loanable funds fallacy.” Sections 3 and 4 discuss the criticisms leveled against the Treatise by Dennis Robertson and Ralph Hawtrey respectively. I argue that Robertson’s criticism, which is directed mainly...
Journal Article
History of Political Economy (1989) 21 (4): 711–721.
Published: 01 November 1989
.... Keynes (Treatise, 1: 160) considered three possible con- sequences of a thrift campaign: (a) output falls to zero, (b) poverty reduces saving, and (c) investment is stimulated. We respond to Patinkin’s account: 1. Patinkin asserts that in (a) the marginal propensity to save is zero...
Journal Article
History of Political Economy (1997) 29 (2): 295–326.
Published: 01 June 1997
... 1969 . A Neglected Early Statement of the Paradox of Thrift. HOPE 2 . 1 : 395 -400. Necker , Jacques [1784] 1974 . De l'administration des finances de la France. In Borghero 1974. North , Dudley [1691] 1856a . Discourses upon Trade. In McCulloch 1856a. Ortes , Giammaria...
Journal Article
History of Political Economy (1992) 24 (1): 252–254.
Published: 01 March 1992
... Allocation of available labor inputs Figure 1 show in how distant a future a labor input will mature. The area of the triangle, then, shows the size of existing capital stock. Under given technology, thrift would increase the area of a triangle by increas- ing its base as well...
Journal Article
History of Political Economy (2002) 34 (4): 814–816.
Published: 01 November 2002
... and psychology into the economic analysis, what is new and/or interesting, for example as compared with his prior 1987 work? My answer would be “not much.” Fletcher hammers away at the point that Robertson did not understand the “paradox of thrift” and the likelihood of quantity (real income) adjustments...
Journal Article
History of Political Economy (2000) 32 (4): 915–918.
Published: 01 November 2000
.... HOPE 22.3 : 507 -28. ____. 1995 . A Paradox of Thrift or Keynes's Misrepresentation of Saving in the Classical Theory of Growth? Southern Economic Journal 62 (July): 16 -33. ____. 1997 . Full Employment: A Classical Assumption or Keynes's Rhetorical Device? Southern Economic Journal 64...
Journal Article
History of Political Economy (1998) 30 (1): 1–16.
Published: 01 March 1998
... of interest in the investment-saving function and the income level in the investment equation) was to Robertson the cen- tral issue. The role of productivity and thrift had been reintroduced into the analysis, which, when considered in conjunction with the LM curve, determined the rate of interest...
Journal Article
History of Political Economy (1986) 18 (3): 515–521.
Published: 01 September 1986
... moral views. In Gladstone’s eyes, thrift and industry were moral qualities which would be debilitated by public or private extravagance. Money was regarded as a trust committed by God to man, and avoidance of waste was a moral duty. As a public leader, his long-term objective was to raise...
Journal Article
History of Political Economy (1985) 17 (2): 265–285.
Published: 01 June 1985
...- mand and supply, it follows that the factors behind current demand and supply, including saving, investment, thrift, and capital productivity do not control bond prices either. Interest rates do not, and cannot, equate planned saving and investment. Keynes’ model was reasonable for Britain...
Journal Article
History of Political Economy (1995) 27 (4): 639–651.
Published: 01 November 1995
.... On the contrary, my statement carries an implication that the fall in income is due to an excess of thrift or a deficiency of enterprise,-an implication which is completely lacking from the bare statement that income is falling., And I do not understand why you find such a difference between...
Journal Article
History of Political Economy (1976) 8 (1): 64–82.
Published: 01 March 1976
... initiation of a “thrift campaign” on an economy which is originally in a savings-investment equilibrium. This campaign, says Keynes of the Treatise, will increase savings, thus generate losses, and thus cause entrepreneurs to seek to protect themselves by throwing their employees out...
Journal Article
History of Political Economy (1995) 27 (Supplement): 183–216.
Published: 01 December 1995
... policies. He clarified the paradox of thrift, show- ing how the sense of paradox arose from a fallacy of composition (Sci- tovsky 1984, 1556). He pioneered the macroeconomics of rigid wages and prices. He showed that for a decrease in wages to stimulate employ- ment, wages and prices would have...
Journal Article
History of Political Economy (2002) 34 (4): 816–818.
Published: 01 November 2002
... (and still poorly understood) affair, so that, un- der conditions of individual utility maximization, price/wage flexibility will, in the medium and longer term, restore equilibrium and bring about monetary neutrality, so that the real interest rate is determined by real factors (productivity and thrift...
Journal Article
History of Political Economy (2018) 50 (2): 261–287.
Published: 01 June 2018
... . Clower Robert W. 1953 . “ Business Investment and the Theory of Prices .” Proceedings of the Twenty-Eighth Annual Conference of the Western Economic Association , 22 – 24 . Clower Robert W. 1954a . “ Productivity, Thrift and the Rate of Interest .” The Economic Journal 64 ( 253...
Journal Article
History of Political Economy (2020) 52 (4): 799–801.
Published: 01 August 2020
... the teaching of political economy in Japan, and was a propo- nent of business education, but his criticism of the classical distinction between pro- ductive and unproductive consumption and his advocacy of thrift and saving hardly amount to shaping modern macroeconomics, even apart from his influence being...
Journal Article
History of Political Economy (1990) 22 (S1): 107–130.
Published: 01 December 1990
.... For this reason one of the major tasks of government is to promote thrift and industry, thereby setting a good example itself the state can greatly harm the citizens' interest by interfering too much Being responsible and caring for the well-being of one's self and family is a powerful incentive for work...
Journal Article
History of Political Economy (2000) 32 (4): 889–908.
Published: 01 November 2000
...” in the Classical Theory of Interest. HOPE 22.3 : 507 -28. ____. 1995 . A Paradox of Thrift or Keynes's Misrepresentation of Saving in the Classical Theory of Growth? Southern Economic Journal 62 (July): 16 -33. ____. 1997 . Full Employment: A Classical Assumption or Keynes's Rhetorical Device...
Journal Article
History of Political Economy (2019) 51 (2): 297–327.
Published: 01 April 2019
... : Princeton University Press . Friedman Walter . 2014 . Fortune Tellers: The Story of America’s First Economic Forecasters . Princeton : Princeton University Press . Hansen Alvin . 1920 . “ Thrift and Labor .” Annals of the American Academy of Political and Social Science 87 ( 1...