Essays in economic analysis; Proceedings of the Association of University Teachers of Economics sheffield,1975

By:

Artis, M J ed

Contributor(s):

Nobay, A.R. (ed.)

Material type: Text

TextPublication details: Cambridge; Cambridge University Press.; 1976Description: 282 pISBN:

521211549

Subject(s):

Macro economics

DDC classification:

330 ESS

Summary: This volume contains the Proceedings of the 1975 Conference of University Teachers of Economics and its thirteen essays display the catholicity of interests of contemporary professional economists. Franklin Fisher of M.I.T. deals with the problems attending the proof of the stability of general equilibrium. The other contributions to the volume have been divided into three broad sections: money, macroeconomics and welfare; trade and the balance of payments; and a final section containing papers concerned with the theory of the firm, value theory and characteristics of utility functions. Among the distinguished contributions are Meek's discussion of the debate over the labour theory of value, and Gorman's engagingly titled paper 'Tricks with utility functions'. The largely analytical bias of the papers is no bar to topicality, for the papers include Corden's analysis of the impact of the oil price rise which uses a lucidly explained theoretical framework to clear up some of the misunderstandings generated by the recent fourfold increase in oil prices whilst Boyer presents a theoretical frame work for analysing the transmission of inflation across national boundaries under different exchange rate regimes. Nor is applied economics unrepresented: Kitchin provides estimates of the degree of effective protection of UK manufacturing and Sutton analyses the movement of factor shares in conditions of fast industrial growth. A number of papers are devoted to exploring the analytics of money (Marty, Laidler and Sparks), whilst Wymer and Knight contribute a paper describing the approach being adopted by the International Monetary Research Programme at the London School of Economics to the econometric analysis of monetary policy in a small open economy. Papers by Negishi and Moss, though in very different ways, are both concerned with the implications of proper microeconomic analysis for the interpretation of certain macro economic questions.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Donated Books	Gandhi Smriti Library	330 ESS (Browse shelf(Opens below))	Available		DD2676

Total holds: 0

This volume contains the Proceedings of the 1975 Conference of University Teachers of Economics and its thirteen essays display the catholicity of interests of contemporary professional economists.

Franklin Fisher of M.I.T. deals with the problems attending the proof of the stability of general equilibrium. The other contributions to the volume have been divided into three broad sections: money, macroeconomics and welfare; trade and the balance of payments; and a final section containing papers concerned with the theory of the firm, value theory and characteristics of utility functions. Among the distinguished contributions are Meek's discussion of the debate over the labour theory of value, and Gorman's engagingly titled paper 'Tricks with utility functions'. The largely analytical bias of the papers is no bar to topicality, for the papers include Corden's analysis of the impact of the oil price rise which uses a lucidly explained theoretical framework to clear up some of the misunderstandings generated by the recent fourfold increase in oil prices whilst Boyer presents a theoretical frame work for analysing the transmission of inflation across national boundaries under different exchange rate regimes. Nor is applied economics unrepresented: Kitchin provides estimates of the degree of effective protection of UK manufacturing and Sutton analyses the movement of factor shares in conditions of fast industrial growth. A number of papers are devoted to exploring the analytics of money (Marty, Laidler and Sparks), whilst Wymer and Knight contribute a paper describing the approach being adopted by the International Monetary Research Programme at the London School of Economics to the econometric analysis of monetary policy in a small open economy. Papers by Negishi and Moss, though in very different ways, are both concerned with the implications of proper microeconomic analysis for the interpretation of certain macro economic questions.

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