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Rethinking the Keynesian Revolution: Keynes, Hayek, and the Wicksell Connection

Tyler Beck Goodspeed

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199846658
eISBN:
9780199950126
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199846658.001.0001
Subject:
Economics and Finance, Economic Systems

While standard accounts of the theoretical debates in 1930s economic thought invariably pit John Maynard Keynes against Friedrich von Hayek, this reflexive dichotomy is in many respects exceedingly ... More


Uneven (and Divergent) Technological Accumulation Among Advanced Countries: Evidence and a Framework of Explanation *

Parimal Patel and Keith Pavitt

in Technology, Organization, and Competitiveness: Perspectives on Industrial and Corporate Change

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198290964
eISBN:
9780191596162
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198290969.003.0009
Subject:
Economics and Finance, Microeconomics

Evidence is presented for the advanced OECD countries of uneven and divergent patterns of technological accumulation and the persistence of technology gaps. It is shown that ‘global’ firms will not ... More


Globalization and International Economic Relations

ANDREW GLYN

in Capitalism Unleashed: Finance, Globalization, and Welfare

Published in print:
2007
Published Online:
September 2007
ISBN:
9780199226795
eISBN:
9780191710544
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226795.003.0004
Subject:
Economics and Finance, Economic Systems

This chapter examines the changing economic fortunes of the USA, currently restored to its position of pre-eminence amongst the rich countries. It then considers the challenge posed to the economies ... More


Simultaneous Optimization of Population and Capital

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0016
Subject:
Economics and Finance, Development, Growth, and Environmental

The problem of optimum savings has been discussed by Ramsey on the assumption of a constant population and later by a number of economists on the more general assumption that the labour force expands ... More


Public Capital and Education

Pierre-Richard Agénor

in Public Capital, Growth and Welfare: Analytical Foundations for Public Policy

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691155807
eISBN:
9781400845392
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155807.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter focuses on the links among public capital, knowledge accumulation, and economic growth. It emphasizes the view, in line with the empirical evidence, that knowledge accumulation may ... More


Observability of Chaotic Economic Dynamics in the Matsuyama Model

Makoto Yano, Kenji Sato, and Yuichi Furukawa

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0006
Subject:
Economics and Finance, Microeconomics

The interaction between innovation and capital accumulation may give rise to a cyclical equilibrium path in an endogenous growth model. This presents a new mechanism through which two productive ... More


Consumption En Route: The Second Turnpike Theorem

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

Chapter 10 was concerned with the Final State Turnpike Theorem on the assumptions that consumption of each good per worker is fixed throughout the planning period and that the authorities try to ... More


The Role of Physical and Human Capital Formation

John Knight and Sai Ding

in China's Remarkable Economic Growth

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199698691
eISBN:
9780191739118
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698691.003.0006
Subject:
Economics and Finance, South and East Asia, Financial Economics

Using the baseline model arrived at in Chapter 5, this chapter examines the contribution to economic growth of various types of physical investment (Section 6.2) and various types of education ... More


Factor Shares and Resource Booms: Accounting for the Evolution of Venezuelan Inequality

Francisco RodrÍguez

in Inequality Growth and Poverty in an Era of Liberalization and Globalization

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271412
eISBN:
9780191601255
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271410.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

This is the second of five country case studies on income inequality, and shows that income inequality in Venezuela has significantly worsened during the past 27 years; in particular, the worsening ... More


Capital Formation in South Africa

Johannes W. Fedderke

in South African Economic Policy under Democracy

Published in print:
2009
Published Online:
May 2009
ISBN:
9780199551460
eISBN:
9780191720376
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199551460.003.0007
Subject:
Economics and Finance, Public and Welfare, Economic Systems

A substantial body of literature on investment in South Africa has emerged over the past decade, with diverse findings. This chapter provides an assessment of reported findings. It considers domestic ... More


The Effects of Brain Gain on Growth, Investment, and Employment: Evidence from OECD Countries, 1980–2005

Herbert Brücker, Simone Bertoli, Giovanni Facchini, Anna Maria Mayda, and Giovanni Peri

in Brain Drain and Brain Gain: The Global Competition to Attract High-Skilled Migrants

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199654826
eISBN:
9780191742095
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199654826.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental, Financial Economics

This chapter examines the impact of the immigration of highly educated workers on employment, productivity, and capital accumulation in the recipient countries, to see whether the presumed positive ... More


Equilibrium Growth. (III) Normative Properties

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

Devoted to establishing the optimality of competitive equilibrium paths of various orders. So far three kinds of equilibrium growth paths have been discussed in the book: the Cassel–von Neumann path ... More


Samuelson and the Factor Bias of Technological Change: Toward a Unified Theory of Growth and Unemployment

Joseph E. Stiglitz

in Samuelsonian Economics and the Twenty-First Century

Published in print:
2006
Published Online:
January 2009
ISBN:
9780199298839
eISBN:
9780191711480
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199298839.003.0017
Subject:
Economics and Finance, History of Economic Thought

This chapter takes account of a simple model Samuelson enunciated over forty years ago on the liberalization of the capital markets. It appraises the capital liberating model first from the ... More


Paul Samuelson on Karl Marx: Were the Sacrificed Games of Tennis Worth It?

Geoff Harcourt

in Samuelsonian Economics and the Twenty-First Century

Published in print:
2006
Published Online:
January 2009
ISBN:
9780199298839
eISBN:
9780191711480
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199298839.003.0009
Subject:
Economics and Finance, History of Economic Thought

This chapter challenges us to delve into Samuelson's ideas from an eraser's point of view. When we observe carefully, we find Samuelson saying: ‘Contemplate two alternative and discordant systems. ... More


Natural Resources, Capital Accumulation, Structural Change, and Welfare

Richard M. Auty and Sampsa. Kiiski

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter establishes the stylised facts on capital accumulation, structural change, and social welfare in developing countries with different natural resource endowments. It is shown that the ... More


The Dual Economy

Pranab Bardhan and Christopher Udry

in Development Microeconomics

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198773719
eISBN:
9780191595929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198773714.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

Begins with a dual economy model focusing on the relation between labour transfer from agriculture to industry and the resultant pressure on food prices and on what this implies for the industrial ... More


Capital Accumulation in Economic Development

Yujiro Hayami and Yoshihisa Godo

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199272709
eISBN:
9780191602870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199272700.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

Reviews theoretical justifications and economic consequences of a development strategy adopted, commonly by newly independent developing countries in a few decades after the Second World War, which ... More


The Laissez-Faire Revolution and Smithian Economics

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279142
eISBN:
9780191602887
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279144.003.0003
Subject:
Economics and Finance, History of Economic Thought

The contribution of the Physiocratic School and the Italian School (Milan and Naples) is analysed. This is followed by a thorough investigation of Smithian's theoretical system, at both the ... More


Industrial Policy and Development: The Political Economy of Capabilities Accumulation

Mario Cimoli, Giovanni Dosi, and Joseph E. Stiglitz (eds)

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199235261
eISBN:
9780191715617
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199235261.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

In the 1990s, development policy advocated by international financial institutions was influenced by the so-called Washington Consensus thinking. This strategy, based largely on liberalization, ... More


The Later Nineteenth Century: 1830–1914

Joel Mokyr

in The Lever of Riches: Technological Creativity and Economic Progress

Published in print:
1992
Published Online:
October 2011
ISBN:
9780195074772
eISBN:
9780199854981
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195074772.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter discusses technological change and economic growth in the late nineteenth century. It notes that during this period, the complexity of technological systems increased, and examples of ... More


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