Three Essays on Productivity (RLE: Business Cycles)
Three Essays on Productivity (RLE: Business Cycles)

Author: Mark J. Lasky

Publisher: Routledge

Published: 2015-03-27

Total Pages: 190

ISBN-13: 1317502523

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The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Analysing Modern Business Cycles: Essays Honoring Geoffrey H.Moore
Analysing Modern Business Cycles: Essays Honoring Geoffrey H.Moore

Author: Philip A. Klein

Publisher: Routledge

Published: 2019-07-25

Total Pages: 235

ISBN-13: 131549227X

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This "Festschrift" honours Geoffrey H. Moore's life-long contribution to the study of business cycles. After some analysts had concluded that business cycles were dead, renewed economic turbulence in the 1970s and 1980s brought new life to the subject. The study of business cycles now encompasses the global economic system, and this work aims to push back the frontiers of knowledge.

The Theory of Money and Financial Institutions
The Theory of Money and Financial Institutions

Author: Martin Shubik

Publisher: MIT Press

Published: 1999

Total Pages: 472

ISBN-13: 9780262693110

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This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Collected Works of Michal Kalecki: Volume I. Capitalism: Business Cycles and Full Employment
Collected Works of Michal Kalecki: Volume I. Capitalism: Business Cycles and Full Employment

Author: Michal Kalecki

Publisher: Oxford University Press

Published: 1990-10-04

Total Pages: 642

ISBN-13: 9780198285380

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This is the first of seven volumes in a definitive edition of the works of Michal Kalecki, who is one of the most distinguished economists of this century. The works will be of interest for the controversial light which they shed on the ideas expounded by John Maynard Keynes, since Kalecki arguably arrived at these conclusions even earlier than Keynes. This volume documents the confrontation between the two economists. It also charts Kalecki's development of a theory of full employment, including his early theoretical writings, and some of his less famous works.

Essays on the Great Depression
Essays on the Great Depression

Author: Ben S. Bernanke

Publisher: Princeton University Press

Published: 2009-01-10

Total Pages: 321

ISBN-13: 1400820278

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From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.

Business Cycles and Depressions
Business Cycles and Depressions

Author: David Glasner

Publisher: Routledge

Published: 2013-12-16

Total Pages: 800

ISBN-13: 1136545271

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Experts define, review, and evaluate economic fluctuations Economic and business uncertainty dominate today's economic analyses. This new Encyclopedia illuminates the subject by offering 323 original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The work of more than 200 experts, including many of the leading researchers in the field, the articles cover a broad range of subjects, including capsule biographies of leading economists born before 1920. Individual entries explore banking panics, the cobweb cycle, consumer durables, the depression of 1937-1938, Otto Eckstein, Friedrich Engels, experimental price bubbles, forced savings, lass-Steagall Act, Friedrich hagen, qualitative indicators, use of macro-econometric models, monetary neutrality, Phillips Curve, Paul Samuelson, Say's law, supply-side recessions, James Tokin, trend and random wages, Thorstein Veblen, worker-job turnover, and more.

Real Business Cycles
Real Business Cycles

Author: James Hartley

Publisher: Routledge

Published: 2013-07-04

Total Pages: 684

ISBN-13: 1134694792

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Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.