Suchergebnisse

The article written by the classic of economic science in the years of the Great Depression, which is published in Russian for the first time, contains an overview of economic growth through the history of mankind. Keynes points at the key factors of economic growth and argues that due to increase in the standard of life between four and eight times in the next 100 years the mankind will be able to escape from the necessity to work. He also speculates on the way moral norms will change in the future society.

The article written by the classic of economic science in 1939, which is published in Russian for the first time, contains a critique of the application of econometric methods in economics. The object of criticism is one of the first large-scale econometric studies - the book by J. Tinbergen on business cycles. Keynes points at the arbitrariness of many econometric judgments, at the problems of causality and forecast in econometrics. He also mentions that a lot of economic problems cannot be analyzed by means of econometric technique.