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Axel Leijonhufvud
Axel Leijonhufvud (6 September 1933 – 2 May 2022)
of the original.
was a Swedish and professor at the (UCLA), and professor at the ,

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Disequilibrium Macroeconomics
Disequilibrium macroeconomics is a tradition of research centered on the role of disequilibrium in economics. This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market clearing approach, and non-tâtonnement theory. Early work in the area was done by Don Patinkin, Robert W. Clower, and Axel Leijonhufvud. Their work was formalized into general disequilibrium models, which were very influential in the 1970s. American economists had mostly abandoned these models by the late 1970s, but French economists continued work in the tradition and developed fixprice models. Macroeconomic disequilibria In the neoclassical synthesis, equilibrium models were the rule. In these models, rigid wages modeled unemployment at equilibria. These models were challenged by Don Patinkin and later disequilibrium theorists. Patinkin argued that unemployment resulted from disequilibrium. Patinkin, Robert W. Clower, and Axel Leijonhufvud focused on the role of disequ ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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Master Of Arts
A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Those admitted to the degree have typically studied subjects within the scope of the humanities and social sciences, such as history, literature, languages, linguistics, public administration, political science, communication studies, law or diplomacy; however, different universities have different conventions and may also offer the degree for fields typically considered within the natural sciences and mathematics. The degree can be conferred in respect of completing courses and passing examinations, research, or a combination of the two. The degree of Master of Arts traces its origins to the teaching license or of the University of Paris, designed to produce "masters" who were graduate teachers of their subjects. Europe Czech Republic a ...
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Scandinavian American
Nordic and Scandinavian Americans are Americans of Scandinavian and/or Nordic ancestry, including Danish Americans (estimate: 1,453,897), Faroese Americans, Finnish Americans (estimate: 653,222), Greenlandic Americans, Icelandic Americans (estimate: 49,442), Norwegian Americans (estimate: 4,602,337), and Swedish Americans (estimate: 4,293,208). Also included are persons who reported 'Scandinavian' ancestry (estimate: 582,549) on their census. According to 2021 census estimates, there are approximately 9,365,489 people of Scandinavian ancestry in the United States. Norsemen had explored the eastern coast of North America as early as the 11th century, though they created no lasting settlements. Later, a Swedish colony briefly existed on the Delaware River during the 17th century. The vast majority of Americans of Nordic or Scandinavian ancestry, however, are descendent of immigrants of the 19th century. This era saw mass emigration from Scandinavia following a population increase ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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University Of Lund
, motto = Ad utrumque , mottoeng = Prepared for both , established = , type = Public research university , budget = SEK 9 billion Facts and figures
Lund University web site.
, head_label = , head = Erik Renström , academic_staff = 4,780 (2022) (academic staff, researchers and employed research students) , administrative_staff = 2,890 (2022) , students = 46 000 (29 000 full-time e ...
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Swedish Army
The Swedish Army ( sv, svenska armén) is the land force of the Swedish Armed Forces. History Svea Life Guards dates back to the year 1521, when the men of Dalarna chose 16 young able men as body guards for the insurgent nobleman Gustav Vasa in the Swedish War of Liberation against the Danish-dominated Union of Kalmar, thus making the present-day Life Guards one of the world's oldest regiments still on active duty. In 1901, Sweden introduced conscription. The conscription system was abolished in 2010 but reinstated in 2017. Organisation The peace-time organisation of the Swedish Army is divided into a number of regiments for the different branches. The number of active regiments has been reduced since the end of the Cold War. However the Swedish Army has begun to expand once again. The regiment forms training organizations that train the various battalions of the army and home guard. The Swedish Armed Forces recently underwent a transformation from conscription-based ...
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Officer (armed Forces)
An officer is a person who holds a position of authority as a member of an armed force or uniformed service. Broadly speaking, "officer" means a commissioned officer, a non-commissioned officer, or a warrant officer. However, absent contextual qualification, the term typically refers only to a force's ''commissioned officers'', the more senior members who derive their authority from a commission from the head of state. Numbers The proportion of officers varies greatly. Commissioned officers typically make up between an eighth and a fifth of modern armed forces personnel. In 2013, officers were the senior 17% of the British armed forces, and the senior 13.7% of the French armed forces. In 2012, officers made up about 18% of the German armed forces, and about 17.2% of the United States armed forces. Historically, however, armed forces have generally had much lower proportions of officers. During the First World War, fewer than 5% of British soldiers were officers (partly ...
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Seaman (rank)
Seaman is a military rank used in many Navy, navies around the world. It is considered a junior enlisted rank and, depending on the navy, it may be a single rank on its own or a name shared by several similarly junior ranks. In the Commonwealth of Nations, Commonwealth, it is the lowest rank in the navy, while in the United States, it refers to the three lowest ranks of the United States Navy, U.S. Navy and United States Coast Guard, U.S. Coast Guard. The equivalent of the seaman is the ''matelot'' in French-speaking countries, and ''Matrose'' in German-speaking countries. Australia The Royal Australian Navy features one seaman rank, which is split into two distinct classes. Seaman and seaman* (pronounced "seaman star"), to differentiate between those who have completed their employment training and those who are in training. There is no insignia on a seaman rank slide. Canada There are 4 grades of sailor (previously the term "seaman", until it was replaced with "sailor" in ...
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Scania
Scania, also known by its native name of Skåne (, ), is the southernmost of the historical provinces of Sweden, provinces (''landskap'') of Sweden. Located in the south tip of the geographical region of Götaland, the province is roughly conterminous with Skåne County, created in 1997. Like the other former provinces of Sweden, Scania still features in colloquial speech and in cultural references, and can therefore not be regarded as an archaic concept. Within Scania there are 33 municipalities of Sweden, municipalities that are autonomous within the Skåne Regional Council. Scania's largest urban areas of Sweden, city, Malmö, is the third-largest city in Sweden, as well as the fifth-largest in Scandinavia. To the north, Scania borders the former provinces of Halland and Småland, to the northeast Blekinge, to the east and south the Baltic Sea, and to the west Öresund. Since 2000, a road and railway bridge, the Öresund Bridge, bridges the Öresund, Sound and connects Scania ...
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Leijonhufvud
Leijonhufvud (also Germanized as Lewenhaupt) is the name of a Swedish noble family, from which some of the family members were granted baronial title. The baronial branch was 1568 granted the status of counts, and changed their family name to Lewenhaupt. There are still living members of both the branch of the family belonging to the lower nobility and the baronial one. Notable members *Peter Leijonhufvud (1717–1789), Swedish Baron, Officer *Gabriel Leijonhufvud the Elder (1755–1826), Swedish Baron, Officer, Freemason *Gabriel Leijonhufvud the Younger (1812–1897), Swedish Baron, Officer, diplomat *Axel Leijonhufvud (1933–2022), Swedish economist *Ebba Leijonhufvud, (1595–1654), Swedish noble, Countess of Raseborg * Johan Leijonhufvud (born 1971), Swedish jazz guitarist *Margaret Leijonhufvud (1516–1551), Queen of Sweden *Martha Leijonhufvud (1520–1584), Swedish noble *Sigrid Leijonhufvud Sigrid Amalia Leijonhufvud (5 July 1862 – 14 November 1937) was a Swedi ...
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The General Theory Of Employment, Interest And Money
''The General Theory of Employment, Interest and Money'' is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the " Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Keynes denied that an economy would automatically adapt to provide full employment even in equilibrium, and believed that the volatile and ungovernable psychology of markets would lead to periodic booms and crises. The ''General Theory'' is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the co ...
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