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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


The Role of Energy in Twentieth-Century Economic Growth

Malanima Paolo, Astrid Kander, and Paul Warde

in Power to the People: Energy in Europe over the Last Five Centuries

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691143620
eISBN:
9781400848881
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691143620.003.0010
Subject:
Economics and Finance, Economic History

This chapter examines the role of energy in the economic growth of twentieth-century Europe. It considers the interrelationships of factors of production in order to identify the general features of ... More


Economic Well-being

Richard Alba and Nancy Foner

in Strangers No More: Immigration and the Challenges of Integration in North America and Western Europe

Published in print:
2015
Published Online:
October 2017
ISBN:
9780691161075
eISBN:
9781400865901
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691161075.003.0003
Subject:
Sociology, Migration Studies (including Refugee Studies)

This chapter looks at the economic situations of the immigrants. They have uprooted themselves in the search for better economic prospects, but profound changes in the economic structures of the rich ... More


Energy and Industrial Growth

Malanima Paolo, Astrid Kander, and Paul Warde

in Power to the People: Energy in Europe over the Last Five Centuries

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691143620
eISBN:
9781400848881
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691143620.003.0007
Subject:
Economics and Finance, Economic History

This chapter considers the role that energy played in the industrial growth in nineteenth-century Europe. The economies of Europe grew more rapidly during the nineteenth century than at any previous ... 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


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


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