Essays on economic stability and growth (Record no. 159546)

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005 - DATE AND TIME OF LATEST TRANSACTION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 715601164
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.1 KAL 2nd ed.
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Kaldor, Nicholas
245 #0 - TITLE STATEMENT
Title Essays on economic stability and growth
250 ## - EDITION STATEMENT
Edition statement 2nd ed.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Duckworth
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1980
300 ## - PHYSICAL DESCRIPTION
Extent 312 p. : ill.
520 ## - SUMMARY, ETC.
Summary, etc. These papers, which reflect the intellectual revolution brought about by publication of Keynes' General Theory in 1936, were written between 1937 and 1957 and include some of the author's most important contributions to the development of macroeconomic theory.<br/>The first group, on speculation, liquidity preference and the theory of employment, are concerned with clarifying and generalising Keynes' theory: the first paper (1939) on speculation and economic stability, by analysing the interaction between the stock and flow aspects of market demand and supply; the second, on own-interest rates, which clarifies the theory of the structure of interest rates put forward in the first paper, developed and focussed attention on a difficult and relatively neglected aspect of Keynesian theory relevant to monetary policy. Two review articles, on Hawtrey's Capital and Employment and Pigou's Employment and Equilibrium, illuminate the differences be tween Keynesian and previous theories of money, credit and interest. In this second edition, this section is supplemented by an Appendix reproducing the author's comment on Pigou's (1937) article on real and money wage rates in relation to employment, which had the effect of bringing Pigou's own view of these relationships close to the Keynesian position; and may be of educational value now, in the context of primitive 'monetarist' doctrines flourishing.<br/><br/>The section on economic fluctuations includes the 1938 essay on stability and full employment, which contained, in embryo, many of the author's ideas, subsequently developed, on growth as well as fluctuations; and his well-known 1940 model of the trade cycle, postulating that non-linear investment and/or savings functions produce a 'limit cycle'; as well as papers examining what of the Austrian theories the trade cycle had survived the new theory of employment and a paper setting out the author's reasons for rejecting the accelerator concept in con nection with trade cycle theory.<br/><br/>The last section, on growth theory, contains both the author's first assault on a combined theory of growth and the cycle (1954) and a radical reconsideration of the whole problem in his 1957 model of economic growth. It also contains two specialised papers: one discussing why underdeveloped countries have failed to participate in the economic development of the past two centuries; and a lecture at Peking University on the basic differences between a Keynesian and Marxian approach to growth under capitalism.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Donated Books
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  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-08   330.1 KAL 2nd ed. DD665 2020-02-08 2020-02-08 Donated Books

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