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The Standard Case and the Simple Profile

John Hicks

in Capital and Time: A Neo-Austrian Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772866
eISBN:
9780191596414
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772866.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines an economy which is in a steady state, and traces out the path which will be followed when the steady state is subjected to some kind of disturbance. This problem is considered ... More


Shortening and Lengthening

John Hicks

in Capital and Time: A Neo-Austrian Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772866
eISBN:
9780191596414
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772866.003.0011
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter reports on what has been achieved in the way of extension. There is no second Standard Case which seems to be analysable in comparable detail. Some of the Standard Case assumptions are ... More


The Fixwage Path

John Hicks

in Capital and Time: A Neo-Austrian Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772866
eISBN:
9780191596414
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772866.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter analyzes the Fixwage path in the Standard Case. It begins with a steady state under an old technique. This states that at time 0 (which is the start of year 0) there is a change in ... More


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