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Cover image for Selected readings in macroeconomics and capital theory from econometrica
Title:
Selected readings in macroeconomics and capital theory from econometrica
Series:
Selected readings from econometrica, 3
Publication Information:
Cambridge, Mass : MIT Press, 1974
ISBN:
9780262030519

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30000000039036 HB141 S45 1974 Open Access Book Book
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Summary

Summary

A great many of the most important developments in modern economics were first revealed in the pages of Econometrica. This selection of readings from that journal is the third in a series and contains its editors' choice of the best articles in the general area of macroeconomics and capital theory that appeared in issues dating from 1935 to 1966. A broad range of topics is covered in the 27 articles selected in order to indicate the general extent of the field. A few of the articles were microeconomic in their original intent but have a clear influence on later macroeconomic theory.


Table of Contents

M. KaleckiEugen SlutzkyJ. R. HicksJ. MarschakA. SmithiesFranco ModiglianiTrygve HaavelmoEvsey D. DomarLawrence R. KleinAndre NatafDavid Hawkins and Herbert A. SimonLloyd A. MetzlerR. M. GoodwinJoan RobinsonE. MalinvaudRobert M. Solow and Paul A. SamuelsonJ. G. Kemeny and Oskar Morgenstern and G. L. ThompsonHerman O. A. Wold and P. WhittleRobert M. SolowLeif JohansenJohn F. MuthMichael C. LovellEdmund S. PhelpsLionel W. McKenzieHukukane NikaidoJames TobinDavid Cass
Prefacep. ix
1 A Macrodynamic Theory of Business Cyclesp. 1
2 The Summation of Random Causes as the Source of Cyclic Processesp. 19
3 Mr. Keynes and The Classics: A Suggested Interpretationp. 61
4 Money and the Theory of Assetsp. 74
5 Process Analysis and Equilibrium Analysisp. 89
6 Liquidity Preference and the Theory of Interest and Moneyp. 102
7 Multiplier Effects of a Balanced Budgetp. 147
8 Capital Expansion, Rate of Growth, and Employmentp. 155
9 Macroeconomics and the Theory of Rational Behaviorp. 168
10 Sur la possibilite de construction de certains macromodelesp. 184
11 Note: Some Conditions of Macroeconomic Stabilityp. 197
12 A Multiple-Region Theory of Income and Tradep. 201
13 The Nonlinear Accelerator and the Persistence of Business Cyclesp. 227
14 The Rate of Interestp. 244
15 Capital Accumulation and the Efficient Allocation of Resourcesp. 264
16 Balanced Growth under Constant Returns to Scalep. 301
17 A Generalization of the von Neumann Model of an Expanding Economyp. 314
18 A Model Explaining the Pareto Distribution of Wealthp. 335
19 Competitive Valuation in a Dynamic Input-Output Systemp. 340
20 Substitution versus Fixed Production Coefficients in the Theory of Economic Growthp. 364
21 Rational Expectations and the Theory of Price Movementsp. 384
22 Buffer Stocks, Sales Expectations and Stability: A Multi-Sector Analysis of the Inventory Cyclep. 405
23 The Accumulation of Risky Capital: A Sequential Utility Analysisp. 435
24 Turnpike Theorems for a Generalized Leontief Modelp. 450
25 Persistence of Continual Growth near the von Neumann Ray: A Strong Version of the Radner Turnpike Theoremp. 466
26 Money and Economic Growthp. 478
27 Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theoremp. 491
Indexp. 509
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