Ricardo's Macroeconomics
Title | Ricardo's Macroeconomics PDF eBook |
Author | Timothy S. Davis |
Publisher | Cambridge University Press |
Pages | 336 |
Release | 2005-05-02 |
Genre | Business & Economics |
ISBN | 9780521844741 |
This book describes the contribution of David Ricardo to the development of macroeconomics.
Ricardo's Economics
Title | Ricardo's Economics PDF eBook |
Author | Michio Morishima |
Publisher | Cambridge University Press |
Pages | 268 |
Release | 1990-10-25 |
Genre | Business & Economics |
ISBN | 9780521396882 |
This book, together with Marx's Economic and Walras' Economics, completes a sequence of titles by Professor Morishima on the first generation of scientific economists. The author's assessment of Ricardo differs substantially from the established views adopted by economists and historians of economic thought. While economists such as Pasinetti, Caravale and Samuelson have concentrated on macroeconomic interpretations of Ricardo, and historians of economic thought have emphasised his labour theory of value, Morishima takes a different course. In this book the author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economies without the symbols and formulae. Morishima then translates Ricardo's economics into mathematical language to find a general equilibrium system (very similar to Walras') concealed within. The analysis also contradicts the conventional view that marginalism emerged in opposition to classical economics, showing instead that Ricardian analysis is firmly based on marginalist principles, using prices, wages and profits rather than labour values. The book ends with a discussion of the historical character of economic theory and an attempt to specify the epoch of Ricardian economics.
Specificity and the Macroeconomics of Restructuring
Title | Specificity and the Macroeconomics of Restructuring PDF eBook |
Author | Ricardo J. Caballero |
Publisher | MIT Press |
Pages | 349 |
Release | 2007 |
Genre | Asset specificity |
ISBN | 0262033623 |
A proposal that the notion of specificity -- the idea that factors of production are not interchangeable -- can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and microeconomic restructuring. The core mechanism that drives economic growth in modern market economies is massive microeconomic restructuring and factor reallocation -- the Schumpeterian "creative destruction" by which new technologies replace the old. At the microeconomic level, restructuring is characterized by countless decisions to create and destroy production arrangements. The efficiency of these decisions depends in large part on the existence of sound institutions that provide a proper transactional environment. In this groundbreaking book, Ricardo Caballero proposes a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from limitations, especially institutional, that hinder these adjustments. Caballero argues that macroeconomic models need to be made more "structural" in a precise sense and can not be maintained on the assumption that decisions are fully flexible. What is needed, he proposes, is the notion of specificity -- the idea that factors of production are not freely interchangeable. Many of the major macroeconomic developments of recent decades, he argues, fit naturally into this perspective, including the transition problems of Eastern Europe, the heavy weight of labor regulations in Western Europe, the emerging market crises of the 1990s, the prolonged expansion of the U.S. economy, and Japan's stagnation following the collapse of its real estate bubble. After describing the basic arguments of the book and developing models to illustrate two different kinds of specificity (relationship specificity and technological specificity), Caballero analyzes a variety of aspects of inefficient restructuring and revisits perennial business cycle patterns such as the cyclical behavior of unemployment, investment, and wages. Finally, he looks at the endogenous response of political institutions and technology to opportunistic exploitation of relationship specificity. Economists working on macroeconomics, development, growth, labor, and productivity issues will find Caballero's conceptual framework applicable to phenomena in their fields.
David Ricardo
Title | David Ricardo PDF eBook |
Author | David Ricardo |
Publisher | Cambridge University Press |
Pages | 92 |
Release | 1992-05-07 |
Genre | Biography & Autobiography |
ISBN | 9780521402989 |
This book completes the record on Ricardian value theory and fills the last gap in our knowledge of the development of Ricardo's thinking.
Macroeconomics and Development
Title | Macroeconomics and Development PDF eBook |
Author | Mario Damill |
Publisher | Columbia University Press |
Pages | 405 |
Release | 2016-03-15 |
Genre | Business & Economics |
ISBN | 023154121X |
Latin American neo-structuralism is a cutting-edge, regionally focused economic theory with broad implications for macroeconomics and development economics. Roberto Frenkel has spent five decades developing the theory's core arguments and expanding their application throughout the discipline, revolutionizing our understanding of high inflation and hyperinflation, disinflation programs, and the behavior of foreign exchange markets as well as financial and currency crises in emerging economies. The essays in this collection assess Latin American neo-structuralism's theoretical contributions and viability as the world's economies evolve. The authors discuss Frenkel's work in relation to pricing decisions, inflation and stabilization policy, development and income distribution in Latin America, and macroeconomic policy for economic growth. An entire section focuses on finance and crisis, and the volume concludes with a neo-structuralist analysis of general aspects of economic development. For those seeking a comprehensive introduction to contemporary Latin American economic thought, this collection not only explicates the intricate work of one of its greatest practitioners but also demonstrates its impact on the growth of economics.
The Life and Economics of David Ricardo
Title | The Life and Economics of David Ricardo PDF eBook |
Author | John P. Henderson |
Publisher | Springer Science & Business Media |
Pages | 685 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 1461561299 |
John P. Henderson's The Life and Economics of David Ricardo represents the first comprehensive personal and intellectual biography of the brilliant and influential British economist. Employing the talents of both a biographer and an economist, the author examines Ricardo's early years, his Sephardic origins and his employment in the London financial markets, as well as his later work on money and banking, international trade, economic instability and the theory of rent and value. Henderson also provides a thorough investigation of Ricardo's relationships with Thomas Robert Malthus and other classical economists. The Life and Economics of David Ricardo will be of interest not only to historians of economic thought and students of economics, but also to any economist working in the Ricardian or Classical Political Economy tradition.
David Ricardo
Title | David Ricardo PDF eBook |
Author | J. King |
Publisher | Springer |
Pages | 256 |
Release | 2013-08-23 |
Genre | History |
ISBN | 1137315954 |
This book offers a new account of David Ricardo's political economy that is both scholarly and accessible. It provides a detailed overview of the secondary literature on Ricardo down to 2012, and discusses alternative perspectives on his work, including those of Marxians, neoclassicals and Sraffians.