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An economic theory of the long run

Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin

in Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199296859
eISBN:
9780191603853
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199296855.003.0004
Subject:
Economics and Finance, Econometrics

This chapter describes a specific theoretical framework for the macroeconomic modelling of a small open economy, emphasizing stock-flow equilibria, accounting identities, and arbitrage conditions. It ... More


The Moral Dynamics of Economic Life: An Extension and Critique of Caritas in Veritate

Daniel K. Finn (ed.)

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199858354
eISBN:
9780199949472
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199858354.001.0001
Subject:
Religion, Religion and Society

Caritas in veritate (Charity in Truth) is the “social” encyclical of Pope Benedict XVI, one of many papal encyclicals over the last 120 years that address economic life. This volume ... More


On the Empirical Content of Economic Theories

Werner Hildenbrand

in Economics Beyond the Millennium

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198292111
eISBN:
9780191596537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292112.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics, Microeconomics

The author argues that the standard equilibrium model of economics is devoid of empirical content and that a theory based on individual rationality derived from introspection provides no explanations ... More


The Causal Structure of the Economy

Christopher Dow

in Major Recessions: Britain and the World 1920-1995

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241231
eISBN:
9780191596179
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241236.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

Any such study as this one on recessions necessarily makes assumptions about the causal structure of the economy, and about the nature of underemployment or overfull employment. These involve ... More


The Objectives and Instruments of Government Policy and the Structure of the Economy in LDCs

Raaj K. Sah and Joseph E. Stiglitz

in Peasants versus City-Dwellers: Taxation and the Burden of Economic Development

Published in print:
2002
Published Online:
January 2005
ISBN:
9780199253579
eISBN:
9780191601682
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199253579.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

One of the concerns of this book is with government policies towards food and other agricultural goods, and with how a government treats producers in the rural sector and consumers in the urban ... More


Introduction

Tom Scott

in Regional Identity and Economic Change: The Upper Rhine 1450-1600

Published in print:
1998
Published Online:
October 2011
ISBN:
9780198206446
eISBN:
9780191677120
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198206446.003.0001
Subject:
History, European Early Modern History, Economic History

Much of the force of contemporary regionalism in Europe derives from its critique of a hegemonic political culture which characterizes states without a devolved structure of power. There is now a ... More


One Nation, Underprivileged: Why American Poverty Affects Us All

Mark Robert Rank

Published in print:
2004
Published Online:
April 2010
ISBN:
9780195101683
eISBN:
9780199894048
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195101683.001.0001
Subject:
Social Work, Social Policy

Despite its enormous wealth, the United States leads the industrialized world in poverty. One Nation, Underprivileged unravels this disturbing paradox by offering a different understanding of ... More


Non‐Monetary Theories of Unemployment Fluctuation: The Structuralist School

Edmund S. Phelps

in Seven Schools of Macroeconomic Thought

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283331
eISBN:
9780191596766
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283334.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter and the previous one review two schools of thought on the role of non‐monetary forces acting through non‐monetary channels in the generation of macroeconomic fluctuations. The subject in ... More


Taming the Contradictions of Capitalism

Laura Hein

in Reasonable Men, Powerful Words: Political Culture and Expertise in Twentieth Century Japan

Published in print:
2005
Published Online:
March 2012
ISBN:
9780520243477
eISBN:
9780520931572
Item type:
chapter
Publisher:
University of California Press
DOI:
10.1525/california/9780520243477.003.0006
Subject:
History, Asian History

In the 1950s, Ōuchi Hyōe's group was centrally involved in several policy debates over how to institutionalize higher standards of living for all Japanese. Most crucially, they were determined to ... More


The Social and Economic Structure

Glanmor Williams

in The Foundations of Modern Wales: Wales 1642-1780

Published in print:
1993
Published Online:
October 2011
ISBN:
9780192852786
eISBN:
9780191670565
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780192852786.003.0003
Subject:
History, British and Irish Early Modern History

This chapter describes the social and economic structure of Wales which followed the Restoration in 1660. Welsh society attached considerable importance to rank, title, and birth. The social ... More


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