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Classical Dynamics: The Corn Economy

Richard M. Goodwin

in Chaotic Economic Dynamics

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283355
eISBN:
9780191596315
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283350.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

Deals with the classical dynamical problem of technological advances in an agricultural (corn) economy. Goodwin asserts that two mis‐specifications—concerning labour supply and technical ... More


Consumption Theory and Its Critics

Matthew P. Drennan

in Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.003.0006
Subject:
Political Science, Public Policy

Traces the development of the economic theory of consumption from Malthus and Ricardo to Keynes and Milton Friedman. The arguments of critics of the prevailing Friedman–Modigliani–Brumberg paradigm ... 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


Refinement, Affirmation—and the Seeds of Revolt

John Kenneth Galbraith

in Economics in Perspective: A Critical History

Published in print:
2017
Published Online:
May 2018
ISBN:
9780691171647
eISBN:
9781400889075
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691171647.003.0007
Subject:
Economics and Finance, Economic History

This chapter examines how economists in the established tradition amended and sharpened Adam Smith's conclusions, struggled to resolve his ambiguities, and sought otherwise to complete his system. In ... More


The Coming of J. M. Keynes

John Kenneth Galbraith and James K. Galbraith

in Money: Whence It Came, Where It Went

Published in print:
2017
Published Online:
May 2018
ISBN:
9780691171661
eISBN:
9781400889082
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691171661.003.0016
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines John Maynard Keynes's views with respect to money. It first considers Keynes's argument that, left to itself and given time, the economic system would find its equilibrium with ... More


John Maynard Keynes

John Kenneth Galbraith

in Economics in Perspective: A Critical History

Published in print:
2017
Published Online:
May 2018
ISBN:
9780691171647
eISBN:
9781400889075
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691171647.003.0017
Subject:
Economics and Finance, Economic History

This chapter examines the economic ideas of John Maynard Keynes. According to Keynes, the modern economy does not necessarily find its equilibrium at full employment; it can find it with ... 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:
1995
Published Online:
November 2003
ISBN:
9780198774556
eISBN:
9780191717383
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774559.003.0003
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


A New Deal

Venu Madhav Govindu and Deepak Malghan

in The Web of Freedom: J.C. Kumarappa and Gandhi's Struggle for Economic Justice.

Published in print:
2016
Published Online:
September 2016
ISBN:
9780199460816
eISBN:
9780199087150
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199460816.003.0008
Subject:
History, Indian History

This chapter is devoted to explaining the manner in which Kumarappa translated his philosophical arguments into an analysis of everyday problems. An interpretative exposition on Kumarappa’s theory of ... More


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