TAILIEUCHUNG - History of Economic Analysis part 113

History of Economic Analysis part 113. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 1082 were other contributions toward a complete theory especially as we should expect in the United States. Davenport Taylor and Phillips may serve as But it was not until 1924 that the theoretical job was done completely in a book by Hahn and even then success was not Among English leaders credit is due primarily to Professors Robertson and Pigou not only for having made the theory palatable to the profession but also for having added several novel Elsewhere especially in France resistance has remained strong to this day. The reasons why progress should have been so slow are not far to seek. First the doctrine was unpopular and in the eyes of some almost tinged with immorality a fact that is not difficult to understand when we remember that among the ancestors of the doctrine is John Second the doctrine ran up against set habits of thought fostered as these were by the legal construction of deposits the distinction between money and credit seemed to be so obvious and at the same time for a number of issues so important that text and with a new emphasis. During the last decade the concept has fallen into unmerited disfavor. But it has its merits. In particular it clears up a point that has caused difficulties to many. Banking operations so Ricardo had said cannot create capital . physical means of production . Only saving can do this. Now whenever the expenditure from deposits that are created by banks increases prices . under conditions of full employment and also in other cases a sacrifice of consumption is imposed upon people whose incomes have not risen in proportion which achieves what otherwise would have to be achieved by saving and there is point in calling this metaphorically Involuntary or Forced Saving and in contrasting it with what is usually called Saving Voluntary Saving . That under conditions of unemployment and excess capacity no such sacrifice need necessarily be .

TỪ KHÓA LIÊN QUAN
TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
Tailieuchung.com là thư viện tài liệu trực tuyến, nơi chia sẽ trao đổi hàng triệu tài liệu như luận văn đồ án, sách, giáo trình, đề thi.
Chúng tôi không chịu trách nhiệm liên quan đến các vấn đề bản quyền nội dung tài liệu được thành viên tự nguyện đăng tải lên, nếu phát hiện thấy tài liệu xấu hoặc tài liệu có bản quyền xin hãy email cho chúng tôi.
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.