Download Economic Theory, Welfare, and the State: Essays in Honour of by Athanasios Asimakopulos, Robert D. Cairns PDF

By Athanasios Asimakopulos, Robert D. Cairns

Economic thought, Welfare, and the country seems to be at how monetary thought can be utilized to enquire and examine the operations of industry economies and to supply the foundation for advancements in executive policy-making. the gathering starts off with chapters at the background of monetary idea, by way of an exploration of attainable components of clash among the pursuits of teams and participants, and an insightful mix of monetary heritage and financial conception that sheds gentle at the Canadian government's coverage of settling the Prairies by means of delivering land supplies. additionally integrated are a severe research of rational expectancies versions and their use in econometrics, an exam of why cash will be handled as a public sturdy, and contributions on foreign alternate thought. chapters take care of the matter of conserving passable degrees of employment and 3 chapters research various facets of public pensions. one of the individuals to this quantity are a former instructor of Weldon's, his fellow scholars and co-workers, and previous scholars. they're Louis Ascah, Athanasios Asimakopulos, Clarence Lyle Barber, Kenneth E. Boulding, John Burbidge, Robert D. Cairns, John S. Chipman, John H. Dales, Christopher eco-friendly, Peter Howitt, Murray C. Kemp, Gideon Rosenbluth, Robin Rowley, Thomas ok. Rymes, David Schwartzman, Dan Usher, and Shigemi Yabuuchi.

Show description

Read or Download Economic Theory, Welfare, and the State: Essays in Honour of John C. Weldon PDF

Similar macroeconomics books

Macroeconomics: A European Perspective

Macroeconomics: a ecu point of view will supply scholars a fuller figuring out of the topic and has been totally up-to-date to supply vast insurance of the monetary predicament. particularly, this new version offers: NEW chapters and up-to-date textual content throughout all chapters NEW information on Europe and the monetary difficulty And what has constantly been the power of the booklet: A unified view of macroeconomics, permitting scholars to make the connections among the fast, medium, and long term.

The New Fiscal Sociology: Taxation in Comparative and Historical Perspective

The hot financial Sociology: Taxation in Comparative and ancient standpoint demonstrates that the examine of taxation can remove darkness from primary dynamics of recent societies. The 16 essays during this assortment supply a cutting-edge survey of the recent financial sociology that's rising on the intersection of sociology, historical past, political technological know-how, and legislations.

The Keynesian Multiplier (Routledge Frontiers of Political Economy)

The multiplier is a vital proposal in Keynesian and post-Keynesian economics.  it's principally what justifies activist full-employment monetary coverage: a rise in economic expenses contributing to a number of rounds of spending, thereby financing itself.  but, whereas a copingstone of post-Keynesian thought, it isn't universally accredited by means of all post-Keynesians, for purposes tremendously various than the mainstream.

Models of Business Cycles

Some time past decade macroeconomic idea has passed through a awesome transformation. on the vanguard has been the "rational expectancies revolution," and this school's such a lot impressive exponent is Robert E. Lucas. during this based and comparatively non-technical survey, Lucas reports the character and results of contemporary advancements in financial and company cycle thought.

Extra info for Economic Theory, Welfare, and the State: Essays in Honour of John C. Weldon

Example text

10 The economy may look like a rather larger subset of the world from the provisioning point of view than from the exchange point of view, but the difference is not very large. It is a very interesting exercise, therefore, as we look at the whole tree of economic thought as it stretches out over the last 300 years or more, to ask whether there are aspects of the economy that economic thought perceived earlier and then lost, which sometimes happens; branches cut off too early. Then one can ask also: Are there misapprehensions, that is, false maps, which have a certain charm and acceptability of their own, even though they may actually mislead us (grafts without fruit)?

T the rise and fall of the Public Sector in the Estimation of the Economists* Dan Usher Over the last two centuries, there has been a great cycle of opinion among economists about the sources of inefficiency: from Adam Smith's sharp and unqualified contrast between private sector enterprise and public sector sloth; to Mill's qualified and reluctant allowance of large domains within the economy where the public sector must act because the private sector would not or could not do so; to Sidgwick's concern in the latter part of the nineteenth century with what we would now call market failure and his willingness to trust the public sector to put things right; to Pigou's detailed analysis in the early years of the twentieth century of the defects of the competitive economy coupled with an almost complete disregard of the possibility of public sector inefficiency; to a recent revival of interest in public sector economics and a reassessment of public sector efficiency reminiscent of the views of Adam Smith.

The model of celestial mechanics, indeed, has been disastrous for the social sciences, simply because in the solar system the parameters are very stable, whereas in social systems they are often quite unstable and unpredictably so. The idea that prediction is a test of human knowledge is only valid as long as parameters are stable. In social systems it is absurd, simply because these systems involve information and knowledge as absolutely essential components. Information has to be surprising. The knowledge that we are going to have in the future cannot be predicted or we would know it now.

Download PDF sample

Rated 4.33 of 5 – based on 20 votes