Suchergebnisse

1. Economic Scientist, Economic and Social Reformer -- 2. Indifference Curves and a Hydraulic Model of General Equilibrium -- 3. Revitalizing the Quantity Theory of Money: From the Fisher Relation to the Fisher Equation -- 4. The Fisher Diagram and the Neoclassical Theory of Interest and Capital -- 5. Taming the "Dance of the Dollar" from the Compensated Dollar to 100% Money -- 6. Fighting Money Illusion: The Fisher Ideal Index Number -- 7. Hubris, Nemesis and Analysis: "Stock Prices appear to have reached a Permanently High Plateau" -- 8. The Debt-Deflation Theory of Great Depressions -- 9. Changing Economics: Fisher, the Cowles Commission, and the Econometric Society -- 10. Fisher's Legacy in Economics

James Tobin, 1981 Nobel laureate in economics, was the outstanding monetary economist among American Keynesian economists. This book, the first written about James Tobin, examines his leading role as a Keynesian macroeconomist and monetary economist, and considers the continuing relevance of his ideas. Coming to economics during the Great Depression, Tobin saw an active role for government in stabilizing the economy, maintaining full employment, limiting inequality and promoting economic growth. In addition to contributing to economics in fields from investment (the Tobin's q theory of investment) and money demand to long-run growth theory, Tobin was active in public policy, notably on President Kennedy's Council of Economic Advisers. As an outspoken 'Old Keynesian, ' Tobin rebutted monetarist and New Classical claims that economies are automatically self-stabilizing. Robert Dimand provides an in-depth study of James Tobin's work and life, making this text essential reading for scholars and researchers of the history of economic thought, monetary economics, and economic policy.

Commitment to the behaviorist approach to utility theory, to the usefulness of mathematics in economic analysis, and to equalization of the marginal utility of income as a principle of just taxation brought Irving Fisher and Ragnar Frisch to attempt to measure the marginal utility of income and led them to collaborate in forming the Econometric Society and sponsoring the establishment of the Cowles Commission, institutions advancing economic theory in connection to mathematics and statistics, and led Frisch to pioneer an axiomatic approach to utility and microeconomic theory.

The eminent scholar William J. Barber made three great contributions to the history of American economic thought: on the institutionalization of political economy in US universities in the nineteenth century, on the interplay between economic ideas and events in US policy-making from 1921 to 1945, and on the contributions, writings, and career of Irving Fisher.

Craufurd Goodwin began his distinguished career in the history of economic thought as a scholar of Canadian and Commonwealth economic thought. This paper examines his pioneering contributions to the study of Canadian economic thought, including his doctoral dissertation and first book, which explored the development of political economy in Canada in the century preceding World War I.