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Thinking about development

Paul Patrick Streeten
Cambridge University Press

In these lectures Paul Streeten provides a major statement on his approach to the development problem. The principal theme of the lectures is that human development, not simply income growth, should be the focus of all strategies to eradicate hunger and poverty in the world. His argument allots an important role to reformed government, both in providing social services and in facilitating the functioning of markets, in opposition to the prevailing view that minimal government is more often than not the optimal solution. He also outlines a normative political economy--how to mobilize reformist alliances, how to use interest groups, how to harness coalitions--in the pursuit of effective development.

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LIPSEC0223861

The debate over stabilization policy

Franco Modigliani
Cambridge University Press

LIPSEC0223861

The debate over stabilization policy

Franco Modigliani
Cambridge University Press

This 1986 book examines some of the main issues that have characterized macroeconomics: the debate between 'monetarists' and 'Keynesians'; the response to demand shocks and supply shocks, by which the monetary authorities control aggregrate nominal income and the use and relevance of the money supply as a target; and the consumption function and the determinants of wealth. It shows that Keynesian stabilization policies succeeded in reducing instability due to demand shocks dramatically, but that no aggregrate demand policy can stabilize both price and employment simultaneously after a supply shock. However, by assigning an overall 'social cost' to (excess) unemployment and (initially) unexpected inflation, an optimism path can be derived. In looking at the consumption function and determinants of wealth the empirical evidence is shown to be most consistent with the life-cycle hypothesis. A concluding section is devoted to the impact on private and national society of the 'social security revolution'.

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LIPSEC0223859

Some british empiricists in the social sciences 1650-1900

Richard Stone
Cambridge University Press

LIPSEC0223859

Some british empiricists in the social sciences 1650-1900

Richard Stone
Cambridge University Press

These lectures focus on twelve pioneers of economic, demographic and social statistics ranging from the seventeenth century to the end of the nineteenth century. The first lecture discusses the work of the political arithmeticians including William Petty, Founding Fellow of the Royal Society. The second lecture considers three steps in the development of quantitative economics in the form of Bishop Fleetwood, Arthur Young and Patrick Colquhoun. In the third lecture Stone turns to demography, and to John Graunt, Edmond Halley and William Farr. The fourth lecture deals with social statistics in the persons of Frederick Morton Eden, Florence Nightingale and Charles Booth.

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LIPSEC0223858

The development of swedish and keynesian macroeconomic theory and its impact on economic policy

Erik Filip Lundberg
Cambridge University Press

LIPSEC0223858

The development of swedish and keynesian macroeconomic theory and its impact on economic policy

Erik Filip Lundberg
Cambridge University Press

In The Development of Swedish and Keynesian Macroeconomic Theory and Its General Impact on Economic Policy, Erik F. Lundberg, who was the last active member of the Stockholm School of Economics, gives a full account of the development of the theories of that famous school, particularly in comparison with the keynesian theories. In addition, he describes the economic policy implications of the 'Swedish Model' and appraises, in many instances critically, the policy experiments which were undertaken in Sweden in the last decades. A Discussion with Professor Lundberg's Comments concludes the volume, which also includes a biography and a bibliography of Erik Lundberg.

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LIPSEC0223857

Institutional Economics revisited

Shigeto Tsuru
Cambridge University Press

LIPSEC0223857

Institutional Economics revisited

Shigeto Tsuru
Cambridge University Press

In these lectures Shigeto Tsuru reappraises institutionalism as a school of thought and discusses its relevance for the issues that face the economics profession today. He begins with a historical perspective by reconsidering Marx as an "institutionalist," which provides a context for a discussion on Keynes, Schumpeter and Veblen. This is followed by an examination of modern institutionalism through the work of Gunnar Myrdal, J. K. Galbraith and William Kapp. He concludes with an evaluation of the future of the institutionalist approach.

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