Collection of articles on macroeconomics economic theories of economic growth - presents models of income distribution, capital accumulation and growth capable of explaining the features of the economic process in reality, and discusses the causes of the slow growth rate in the UK, the importance of industrial production for overall economic growth, objectives of national level economic policy, the irrelevance of the theory of value, inflation and economic recession, etc. References and statistical tables.
This work comprises the major papers of this extraordinary Nobel Laureate in economics. The common concern of the papers included in this volume is economic theory, its structure, uses, and abuses. As the late Harry G. Johnson said: "No one reading this volume can fail to be struck by the depth of scholarship Professor Leontief is capable of deploying and the profundity of his understanding of methodological problems of economic theory, and his critique of the work of other economists."
Economic Theory, Welfare, and the State looks at how economic theory can be used to investigate and analyse the operations of market economies and to provide the basis for improvements in government policy-making. The collection begins with two chapters on the history of economic thought, followed by an exploration of possible areas of conflict between the interests of groups and individuals, and an insightful blend of economic history and economic theory that sheds light on the Canadian government's policy of settling the Prairies by providing land grants. Also included are a critical analysis of rational expectations models and their use in econometrics, an examination of why money should be treated as a public good, and two contributions on international trade theory. Two chapters deal with the problem of maintaining satisfactory levels of employment and three chapters examine different aspects of public pensions. Among the contributors to this volume are a former teacher of Weldon's, his fellow students and colleagues, and former students. They are Louis Ascah, Athanasios Asimakopulos, Clarence Lyle Barber, Kenneth E. Boulding, John Burbidge, Robert D. Cairns, John S. Chipman, John H. Dales, Christopher Green, Peter Howitt, Murray C. Kemp, Gideon Rosenbluth, Robin Rowley, Thomas K. Rymes, David Schwartzman, Dan Usher, and Shigemi Yabuuchi.
This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."
How do economists tackle the problems of the economic system and give advice on public policy? Nobel laureate R.H. Coase reflects on some of the most fundamental concerns of economists over the past two centuries. In 15 essays, Coase explore the history and philosophy of economics and evaluates the contributions of a number of outstanding figures.
