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Landmark Papers in Economic Fluctuations, Economic Policy and Related Subjects Selected By Lawrence R. Klein
The computer revolution of the 1960s ushered in a golden period of econometric model building. Lawrence Klein was constantly in the forefront of this development. He was awarded the Alfred Nobel Memorial Prize in Economics for this and other contributions to applied econometrics.
The 20th century witnessed a great expansion of economics as a scholarly discipline. The editor has chosen a selection of papers which sparked his interest as a student, a teacher and a researcher. This key volume includes both classic articles as well as lesser known papers which Professor Klein judges will stand the test of time.
The 20th century witnessed a great expansion of economics as a scholarly discipline. The editor has chosen a selection of papers which sparked his interest as a student, a teacher and a researcher. This key volume includes both classic articles as well as lesser known papers which Professor Klein judges will stand the test of time.
More Information
Contributors
Contents
More Information
The computer revolution of the 1960s ushered in a golden period of econometric model building. Lawrence Klein was constantly in the forefront of this development. He was awarded the Alfred Nobel Memorial Prize in Economics for this and other contributions to applied econometrics.
The 20th century witnessed a great expansion of economics as a scholarly discipline. The editor has chosen a selection of papers which sparked his interest as a student, a teacher and a researcher. This key volume includes both classic articles as well as lesser known papers which Professor Klein judges will stand the test of time.
The 20th century witnessed a great expansion of economics as a scholarly discipline. The editor has chosen a selection of papers which sparked his interest as a student, a teacher and a researcher. This key volume includes both classic articles as well as lesser known papers which Professor Klein judges will stand the test of time.
Contributors
40 articles, dating from 1907 to 1997
Contributors include: R. Goodwin, L. Hurwicz, R. Kahn, N. Kaldor, M. Kalecki, J.M. Keynes, A.P. Lerner, A.W. Philips, J. Robinson, P. Verdoorn
Contributors include: R. Goodwin, L. Hurwicz, R. Kahn, N. Kaldor, M. Kalecki, J.M. Keynes, A.P. Lerner, A.W. Philips, J. Robinson, P. Verdoorn
Contents
Contents:
Acknowledgements
Preface Mark Blaug
Introduction Lawrence R. Klein
1. A.W. Phillips (1957), ‘Stabilisation Policy and the Time-Forms of Lagged Responses’
2. A.W. Philips (1958), ‘The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957’
3. Michal Kalecki (1990), ‘A Macro-dynamic Theory of Business Cycles’
4. Michal Kalecki (1990), ‘A Theory of the Business Cycle’
5. Evsey D. Domar (1944), ‘The "Burden of the Debt" and the National Income’
6. R.F. Harrod (1937), ‘Studies in the Theory of Economic Expansion’
7. R.F. Harrod (1939), ‘An Essay in Dynamic Theory’ and ‘Errata’
8. Joan Robinson (1933), ‘A Parable on Savings and Investment’
9. Joan Robinson (1933), ‘The Theory of Money and the Analysis of Output’
10. R.F. Kahn (1931), ‘The Relation of Home Investment to Unemployment’
11. J.M. Keynes (1937), ‘The General Theory of Employment’
12. R.M. Goodwin (1950), ‘A Non-linear Theory of the Cycle’
13. R.M. Goodwin (1951), ‘The Nonlinear Accelerator and the Persistence of Business Cycles’
14. Eugen Slutzky (1937), ‘The Summation of Random Causes as the Source of Cyclic Processes’
15. Edmond Malinvaud (1969), ‘Capital Accumulation and Efficient Allocation of Resources’
16. Leif Johansen (1972), ‘On the Optimal Use of Forecasts in Economic Policy Decisions’
17. William Brainard (1967), ‘Uncertainty and the Effectiveness of Policy’
18. Leonid Hurwicz (1944), ‘Stochastic Models of Economic Fluctuations’
19. Leonid Hurwicz (1946), ‘Theory of the Firm and of Investment’
20. J.v. Neumann (1945), ‘A Model of General Economic Equilibrium’
21. Jacob Marschak (1947), ‘Economic Structure, Path, Policy, and Prediction’
22. N. Kaldor (1940), ‘A Model of the Trade Cycle’
23. Nicholas Kaldor (1941), ‘Rationing and the Cost of Living Index’
24. Bert G. Hickman, Robert M. Coen and Michael D. Hurd (1975), ‘The Hickman-Coen Annual Growth Model: Structural Characteristics and Policy Responses’
25. Knut Wicksell (1907), ‘The Influence of the Rate of Interest on Prices’
26. Irving Fisher (1911), ‘"The Equation of Exchange", 1896–1910’
27. Irving Fisher (1923), ‘The Business Cycle Largely a "Dance of the Dollar"’
28. J.J. Polak (1939), ‘International Propagation of Business Cycles’
29. Paul S. Armington (1969), ‘A Theory of Demand for Products Distinguished by Place of Production’
30. P.J. Verdoorn (1951), ‘On an Empirical Law Governing the Productivity of Labor’
31. P.J. Verdoorn (1956), ‘Complementarity and Long-Range Projections’
32. P. de Wolff (1941), ‘Income Elasticity of Demand, a Micro-Economic and a Macro-Economic Interpretation’
33. D.G. Champernowne (1953), ‘A Model of Income Distribution’
34. William J. Baumol (1952), ‘The Transactions Demand for Cash: An Inventory Theoretic Approach’
35. Oskar Lange (1938), ‘The Rate of Interest and the Optimum Propensity to Consume’
36. Abba P. Lerner (1943), ‘Functional Finance and the Federal Debt’
37. Abba P. Lerner (1944), ‘Interest Theory – Supply and Demand for Loans or Supply and Demand for Cash’
38. Paul H. Douglas (1948), ‘Are There Laws of Production?’
39. A.B. Atkinson (1997), ‘Bringing Income Distribution in From the Cold’
40. Michio Morishima (1960), ‘Economic Expansion and the Interest Rate in Generalized von Neumann Models’
Name Index
Acknowledgements
Preface Mark Blaug
Introduction Lawrence R. Klein
1. A.W. Phillips (1957), ‘Stabilisation Policy and the Time-Forms of Lagged Responses’
2. A.W. Philips (1958), ‘The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957’
3. Michal Kalecki (1990), ‘A Macro-dynamic Theory of Business Cycles’
4. Michal Kalecki (1990), ‘A Theory of the Business Cycle’
5. Evsey D. Domar (1944), ‘The "Burden of the Debt" and the National Income’
6. R.F. Harrod (1937), ‘Studies in the Theory of Economic Expansion’
7. R.F. Harrod (1939), ‘An Essay in Dynamic Theory’ and ‘Errata’
8. Joan Robinson (1933), ‘A Parable on Savings and Investment’
9. Joan Robinson (1933), ‘The Theory of Money and the Analysis of Output’
10. R.F. Kahn (1931), ‘The Relation of Home Investment to Unemployment’
11. J.M. Keynes (1937), ‘The General Theory of Employment’
12. R.M. Goodwin (1950), ‘A Non-linear Theory of the Cycle’
13. R.M. Goodwin (1951), ‘The Nonlinear Accelerator and the Persistence of Business Cycles’
14. Eugen Slutzky (1937), ‘The Summation of Random Causes as the Source of Cyclic Processes’
15. Edmond Malinvaud (1969), ‘Capital Accumulation and Efficient Allocation of Resources’
16. Leif Johansen (1972), ‘On the Optimal Use of Forecasts in Economic Policy Decisions’
17. William Brainard (1967), ‘Uncertainty and the Effectiveness of Policy’
18. Leonid Hurwicz (1944), ‘Stochastic Models of Economic Fluctuations’
19. Leonid Hurwicz (1946), ‘Theory of the Firm and of Investment’
20. J.v. Neumann (1945), ‘A Model of General Economic Equilibrium’
21. Jacob Marschak (1947), ‘Economic Structure, Path, Policy, and Prediction’
22. N. Kaldor (1940), ‘A Model of the Trade Cycle’
23. Nicholas Kaldor (1941), ‘Rationing and the Cost of Living Index’
24. Bert G. Hickman, Robert M. Coen and Michael D. Hurd (1975), ‘The Hickman-Coen Annual Growth Model: Structural Characteristics and Policy Responses’
25. Knut Wicksell (1907), ‘The Influence of the Rate of Interest on Prices’
26. Irving Fisher (1911), ‘"The Equation of Exchange", 1896–1910’
27. Irving Fisher (1923), ‘The Business Cycle Largely a "Dance of the Dollar"’
28. J.J. Polak (1939), ‘International Propagation of Business Cycles’
29. Paul S. Armington (1969), ‘A Theory of Demand for Products Distinguished by Place of Production’
30. P.J. Verdoorn (1951), ‘On an Empirical Law Governing the Productivity of Labor’
31. P.J. Verdoorn (1956), ‘Complementarity and Long-Range Projections’
32. P. de Wolff (1941), ‘Income Elasticity of Demand, a Micro-Economic and a Macro-Economic Interpretation’
33. D.G. Champernowne (1953), ‘A Model of Income Distribution’
34. William J. Baumol (1952), ‘The Transactions Demand for Cash: An Inventory Theoretic Approach’
35. Oskar Lange (1938), ‘The Rate of Interest and the Optimum Propensity to Consume’
36. Abba P. Lerner (1943), ‘Functional Finance and the Federal Debt’
37. Abba P. Lerner (1944), ‘Interest Theory – Supply and Demand for Loans or Supply and Demand for Cash’
38. Paul H. Douglas (1948), ‘Are There Laws of Production?’
39. A.B. Atkinson (1997), ‘Bringing Income Distribution in From the Cold’
40. Michio Morishima (1960), ‘Economic Expansion and the Interest Rate in Generalized von Neumann Models’
Name Index