money macroeconomics and keynes essays in honour of victoria chick volume 1 phần 10 pptx

... A. P. 16 8, 18 4 thrift 58, 64, 83 Tietmeyer, H. 208, 210 tight money 10 , 15 7 tin 10 Tobin, James 11 7 Tobin’s q 64, 16 3 Torr, Christopher 11 7 Townshend, Hugh 12 0 trade unions 16 8 transfers 12 7 transition ... 30, 32 capacity 17 6, 17 8 capital 12 5, 14 7, 17 4; accumulation 12 5, 17 8; flight 18 7, 18 9; flows 74–5, 15 9, 18 7–9; gain 70; goods 95, 10 4,...

Ngày tải lên: 09/08/2014, 19:22

... present in the outburst of complaints about usury and excessive interest rates from the 15 60s onward. A usury bill prohibiting interest in excess of 10 per cent was introduced in 15 71 and cases of ... from 3.5 71 (15 26) to 5. 517 (15 46) to 9. 310 (15 61) , declining then to 6.286 (16 00) but falling back to long-term orders of magnitude (c. 3.5) only by 16 43. I...

Ngày tải lên: 09/08/2014, 19:22

... (19 98). ‘Central Bankers and Uncertainty’, Keynes Lecture in Economics, Oct 29, reprinted in Proceedings of the British Academy, 10 1, 229– 71 (19 99) and in the Bank of England Quarterly Bulletin, ... long rate of interest affects both the demand for money and aggregate demand, so that changes in the quantity of money contain information about this variable ov...

Ngày tải lên: 09/08/2014, 19:22

... stock of money in excess of the demand for money leads to the bidding up of prices as the ‘excess’ money is spent, continuing until the demand for money is again in balance with the stock of money. ... qualified aggregate profits as the final finance of investment initially financed by credit. I am now convinced of the infelicitous nature of the distinc- tion betwee...

Ngày tải lên: 09/08/2014, 19:22

... and Floods’, in A. Ingham and A. M. Ulph (eds), Demand, Equilibrium and Trade: Essays in Honour of Ivor F. Pearce. London: Macmillan. (Reprinted in Arestis and Dow 19 92: 16 7–80). Chick, V. (19 92). ... Maturity mismatching, finance and funding Financing investment in the context of fundamental uncertainty The problem of maturity mismatching (in the process o...

Ngày tải lên: 09/08/2014, 19:22

... to admitting the demand for finance as one of the factors influencing the rate of interest.’ (Keynes 19 37a: 247/8). We should keep in mind how Keynes defined finance, as shown above. 12 While ... future. References Chick, V. (19 92). In P. Arestis and S. C. Dow (eds), On Money, Method and Keynes: Selected Essays. New York: St. Martin’s Press. Chick, V. (19 98). ‘Financ...

Ngày tải lên: 09/08/2014, 19:22

... to Ohlin in April 19 37 about Joan Robinson reading the proofs and ‘not discovering any connection’ (Keynes 19 37 [19 73b]: 19 0). Not that Keynes was unappreciative of the writings of Kahn and Joan ... theory of money person in his discussions of the general price level and inflation and deflation, and a Marshallian, pure and simple, in his understanding of...

Ngày tải lên: 09/08/2014, 19:22

... of interest, falling profitability and rising unemployment in the 19 70s. Inflation has since come down again, real interest rates increased in the early 19 80s and have remained positive, profitability ... persistent theme in the work of Victoria Chick (e.g. 19 83, 2000). For example, there is a definitive expo- sition of Keynes s (19 36) use of demand and supply...

Ngày tải lên: 09/08/2014, 19:22

... CURVE 16 9 as one of the factors determining output and employment. In other words, an increase in demand, which is not offset by a compensating shift in supply, will now cause an increase in output ... Sraffian Interpretation of the Surplus Approach’, History of Political Economy, 31, 213 –36. Boulding, K. E. (19 41) . Economic Analysis. Harper. Brown, A. W. (19 55). The Gre...

Ngày tải lên: 09/08/2014, 19:22

... Liederman, L. and Reinhart, C. M. (19 96). ‘Inflows of Capital to Developing Countries in the 19 90’s’, Journal of Economic Perspectives, 10 (2), 12 3–39. Carvalho, F. (19 95/6). ‘The Independence of Central ... importance of capital movements in cushioning, stimulating and even dominating the balance of payments (Triffin 19 69: 43). 3. The liquidity preference of for...

Ngày tải lên: 09/08/2014, 19:22