Themes in Macroeconomic History

Themes in Macroeconomic History
Author: Solomos Solomou
Publisher: Cambridge University Press
Total Pages: 212
Release: 1996-04-18
Genre: Business & Economics
ISBN: 9780521436212

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The period between the two World Wars was remarkable; mass unemployment, protectionism, diverse exchange rate regimes, the disintegration of world trade, poor growth prospects and high business cycle volatility. This comprehensive textbook surveys key questions arising from the British economy from 1919 to 1939: Why was unemployment so high? Did a fast transition to the pre-1913 gold parity lead to a low growth equilibrium? Why were interwar business cycles so volatile? Did tariffs stimulate economic recovery in the 1930s? A comparative approach is adopted throughout. For example, the question of gold parity is contrasted with countries that allowed their currencies to depreciate. The book is aimed primarily at students studying economic history. The book continually applies economic theory to historical examples enabling students to evaluate the relevance of competing theoretical frameworks.

Money, Finance and Crises in Economic History

Money, Finance and Crises in Economic History
Author: Annalisa Rosselli
Publisher: Routledge
Total Pages: 264
Release: 2018-09-03
Genre: Business & Economics
ISBN: 1351611666

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Recently, students and scholars have expressed dissatisfaction with the current state of economics and have called for the reintroduction of historical perspectives into economic thinking. Supporting the idea that fruitful lessons can be drawn from the work of past economists, this volume brings together an international cross section of leading economists and historians of economic thought to reflect on the crucial role that money, crises and finance play in the economy. The book draws on the work of economists throughout history to consider afresh themes such as financial and real explanations of economic crises, the role of central banks, and the design of macroeconomic policies. These themes are all central to the work of Maria Cristina Marcuzzo, and the contributions both reflect on and further her research agenda. This book will be of interest to researchers in the history of economic thought, and those who wish to gain a deeper understanding of the variety and diversity in approaches to economic ideas throughout history.

Conversations on Growth, Stability and Trade

Conversations on Growth, Stability and Trade
Author: Brian Snowdon
Publisher: Edward Elgar Publishing
Total Pages: 501
Release: 2002-01-01
Genre: Business & Economics
ISBN: 1843767422

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This is a splendid book. It sits at the interface of economics and economic history, and provides both a textbook-style introduction to the key themes of macroeconomics and personal insights into the central debates gleaned from interviews with leading economists. David Greasley, Australian Economic History Review It should be in every library. A hundred years from now, it will be an important guide to what leading economists thought they knew, and what they knew they didn't know as of A.D. 2002. Christopher Hanes, EH.Net Conversations on Growth, Stability and Trade is a wonderful survey of the development of macroeconomic thinking over the past decades. Brian Snowdon has a knack for combining insightful essays on a subject with interviews of interesting, relevant, and diverse economists. The interviews give one an excellent sense of how economists approach policy issues. David Colander, Middlebury College, US Conversations on Growth, Stability and Trade has all the lucidity of A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk, combined with the fascination of Conversations with Leading Economists by Snowdon and Vane. Students will love it and their teachers will devour it the night before the big lecture. If only I had learned macroeconomics this way. Mark Blaug, University of London and University of Buckingham, UK These well informed and highly readable interviews provide a great introduction to some of the big issues in modern economics. Roger E. Backhouse, University of Birmingham, UK This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the Great Depression , the Great Peacetime Inflation , the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz. Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.

Interpreting Macroeconomics

Interpreting Macroeconomics
Author: Roger E. Backhouse
Publisher: Psychology Press
Total Pages: 250
Release: 1996
Genre: Macroeconomics
ISBN: 0415153603

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Interpreting Macroeconomics explores a number of different approaches to macroeconomic thought and analyzes various important episodes in the development of macroeconoimcs before during and after the Keynesian revolution.

A History of Macroeconomic Policy in the United States

A History of Macroeconomic Policy in the United States
Author: John H. Wood
Publisher: Routledge
Total Pages: 236
Release: 2009-01-13
Genre: Business & Economics
ISBN: 1135970157

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Keynes asked whether his ‘visionary’ ideas would overcome the interests opposed to change. However, an examination of the histories of monetary and fiscal policies suggests that this is a false distinction. The interests and ideas associated with government policies are seldom opposed. The suspicion that the latter more often follows than confronts the former is supported by the experiences documented in this book. Professor Wood’s new title examines the controlling influences that drive macroeconomic policies in the United States. The book addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the U.S., although it also examines macro-policies in other countries, particularly the UK. Professor Wood argues that economic policies in the United States have been relatively predictable and stable historically, through a detailed examination of conflicts over taxes and monetary policy such as the whiskey rebellion, Magna Carta, the Stamp Act, the Banks of the U.S., and the Federal Reserve. Issues covered also include property, economists’ theories of stabilization, taxes, deficits, and monetary policy.

The Cambridge Economic History of the United States

The Cambridge Economic History of the United States
Author: Stanley L. Engerman
Publisher: Cambridge University Press
Total Pages: 1046
Release: 1996
Genre: Business & Economics
ISBN: 9780521553070

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This three volume work offers a comprehensive survey of the history of economic activity and economic change in the United States, and in those regions whose economies have at certain times been closely allied to that of the US.

Money, Finance and Crises in Economic History

Money, Finance and Crises in Economic History
Author: Taylor & Francis Group
Publisher: Routledge
Total Pages: 276
Release: 2020-09-30
Genre:
ISBN: 9780367665432

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Recently, students and scholars have expressed dissatisfaction with the current state of economics and have called for the reintroduction of historical perspectives into economic thinking. Supporting the idea that fruitful lessons can be drawn from the work of past economists, this volume brings together an international cross section of leading economists and historians of economic thought to reflect on the crucial role that money, crises and finance play in the economy. The book draws on the work of economists throughout history to consider afresh themes such as financial and real explanations of economic crises, the role of central banks, and the design of macroeconomic policies. These themes are all central to the work of Maria Cristina Marcuzzo, and the contributions both reflect on and further her research agenda. This book will be of interest to researchers in the history of economic thought, and those who wish to gain a deeper understanding of the variety and diversity in approaches to economic ideas throughout history.

Macroeconomics and the History of Economic Thought

Macroeconomics and the History of Economic Thought
Author: H.M. Krämer
Publisher: Routledge
Total Pages: 558
Release: 2012-03-29
Genre: Business & Economics
ISBN: 1136329129

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The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.

Historical Macroeconomics and American Macroeconomic History

Historical Macroeconomics and American Macroeconomic History
Author: Charles W. Calomiris
Publisher:
Total Pages: 79
Release: 1994
Genre: Macroeconomics
ISBN:

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What can macroeconomic history offer macroeconomic theorists and macroeconometricians? Macroeconomic history offers more than longer time series or special controlled experiments.' It suggests an historical definition of the economy, which has implications for macroeconometric methods. The defining characteristic of the historical view is its emphasis on path dependence': ways in which the cumulative past, including the history of shocks and their effects, change the structure of the economy. This essay reviews American macroeconomic history to illustrate its potential uses and draw out methodological implications. Keynesian' models can account for the most obvious cycle patterns in all historical periods, while ew classical' models cannot. Nominal wage rigidity was important historically and some models of wage rigidity receive more support from history than others.A shortcoming of both Keynesian and new-classical approaches is the assumption that low-frequency change is exogenous to demand. The history of the Kuznets cycle shows how aggregate-demand shocks can produce endogenous changes in aggregate supply. Economies of scale, learning effects, and convergences of expectations-many within the spatial contexts of city building and frontier settlement-seem to have been very important in making the aggregate supply path-dependent.' Institutional innovation (especially government regulation) has been another source of endogenous change in aggregate supply. The historical view's emphasis on endogenous structural change points in the analysis over short sample periods to identify the sources and consequences of macroeconomic shocks

Alternative Approaches in Macroeconomics

Alternative Approaches in Macroeconomics
Author: Philip Arestis
Publisher: Springer
Total Pages: 373
Release: 2018-02-07
Genre: Business & Economics
ISBN: 3319696769

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This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.