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The Failure Of The New Economics
''The Failure of the "New Economics"'' subtitled An Analysis of The Keynesian Fallacies, (1959) is a book by Henry Hazlitt offering a detailed critique of John Maynard Keynes' work ''The General Theory of Employment, Interest and Money'' (1936). Overview Hazlitt's critical analysis of ''The General Theory'' Hazlitt embarked on this project because, in his view, although general critiques of Keynes and ''The General Theory'' had been made, no critic had completed a detailed analysis of the work. Reception ''The Failure of the "New Economics"'' sold well but did not have a large impact on the general public or academia. Economic professor Louis Hacker, writing in ''The New York Times'', called Hazlitt's efforts to debunk Keynes a "heroic and perhaps even a Sisyphean task...Mr. Hazlitt, for his part, has written a technical book which is not obscure—although it is difficult reading" and predicted that Hazlitt will be attacked for his book. Hacker ended his review by stating: " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Hazlitt
Henry Stuart Hazlitt (; November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as ''The Wall Street Journal'', ''The Nation'', ''The American Mercury'', ''Newsweek'', and ''The New York Times''. Early life and education Henry Hazlitt was born in Philadelphia, Pennsylvania and raised in Brooklyn, New York. He was a collateral descendant of the British essayist William Hazlitt,Hall of Fame , ''Vanity Fair'', February 1934, p. 37. but grew up in relative poverty, his father having died when Hazlitt was an infant. His early heroes were and |
Wolters Kluwer
Wolters Kluwer N.V. () is a Dutch information services company. The company is headquartered in Alphen aan den Rijn, Netherlands (Global) and Philadelphia, United States (corporate). Wolters Kluwer in its current form was founded in 1987 with a merger between Kluwer Publishers and Wolters Samsom. The company serves legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare markets. It operates in over 150 countries. History Early history Jan-Berend Wolters founded the Schoolbook publishing house in Groningen, Netherlands, in 1836. In 1858, the Noordhoff publishing house was founded alongside the Schoolbook publishing house. The two publishing houses merged in 1968. Wolters-Noordhoff merged with Information and Communications Union (ICU) in 1972 and took the name ICU. ICU changed its name to Wolters-Samsom in 1983. The company began serving foreign law firms and multinational companies in China in 1985. In 1987, Elsevier, the largest publishing house in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wiley Online Library
John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in print and electronically, as well as online products and services, training materials, and educational materials for undergraduate, graduate, and continuing education students. History The company was established in 1807 when Charles Wiley opened a print shop in Manhattan. The company was the publisher of 19th century American literary figures like James Fenimore Cooper, Washington Irving, Herman Melville, and Edgar Allan Poe, as well as of legal, religious, and other non-fiction titles. The firm took its current name in 1865. Wiley later shifted its focus to scientific, technical, and engineering subject areas, abandoning its literary interests. Wiley's son John (born in Flatbush, New York, October 4, 1808; died in East Orange, New Jers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multiplier (economics)
In macroeconomics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable. For example, suppose variable ''x'' changes by ''k'' units, which causes another variable ''y'' to change by ''M'' × ''k'' units. Then the multiplier is ''M''. Common uses Two multipliers are commonly discussed in introductory macroeconomics. Commercial banks create money, especially under the fractional-reserve banking system used throughout the world. In this system, money is created whenever a bank gives out a new loan. This is because the loan, when drawn on and spent, mostly finishes up as a deposit back in the banking system and is counted as part of money supply. After putting aside a part of these deposits as mandated bank reserves, the balance is available for the making of further loans by the bank. This process continues multiple times, and is called the multiplier effect. The multiplier may v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elasticity (economics)
In economics, elasticity measures the percentage change of one economic variable in response to a percentage change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the demand quantity to fall by 20%. Introduction Elasticity is an important concept in neoclassical economic theory, and enables in the understanding of various economic concepts, such as the incidence of indirect taxation, marginal concepts relating to the theory of the firm, distribution of wealth, and different types of goods relating to the theory of consumer choice. An understanding of elasticity is also important when discussing welfare distribution, in particular consumer surplus, producer surplus, or government surplus. Elasticity is present throughout many economic theories, with the concept of elasticity appearing in several main indicators. These include price elasticity of demand, price elasticity of supply, income elasticity of demand, elastici ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand Curves
In economics, a demand curve is a graph depicting the relationship between the price of a certain commodity (the ''y''-axis) and the quantity of that commodity that is demanded at that price (the ''x''-axis). Demand curves can be used either for the price-quantity relationship for an individual consumer (an individual demand curve), or for all consumers in a particular market (a market demand curve). It is generally assumed that demand curves slope down, as shown in the adjacent image. This is because of the law of demand: for most goods, the quantity demanded falls if the price rises. Certain unusual situations do not follow this law. These include Veblen goods, Giffen goods, and speculative bubbles where buyers are attracted to a commodity if its price rises. Demand curves are used to estimate behaviour in competitive markets and are often combined with supply curves to find the equilibrium price (the price at which sellers together are willing to sell the same amount as buye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Record
The Economic Society of Australia (ESA) is the peak body for Australian economists. It was established in 1925 and has branches in all states and the ACT. The current president is Matthew Butlin from Victoria The ESA gives the Young Economist Award every two years to recognise the contributions of an economist under the age of 40. Previous winners have included the Hon Dr Andrew Leigh, Professor Paul Frijters, and Professor Joshua Ganns. The ESA also hosts an eminent speaker series, which has included talks from Deirdre McCloskey, Professor Jagdish Bhagwati, Joseph Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the Joh ..., Mary Morgan among many others. It produces two major publications ''The Economic Record'' (1925- ) and ''Economic Papers''. References {{authority control ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michigan State University Press
Michigan State University Press is the scholarly publishing arm of Michigan State University. Scholarly publishing at the university significantly predates the establishment of its press in 1947. By the 1890s the institution's Experiment Stations began issuing a broad range of influential publications in the natural sciences (including a beautifully illustrated Birds of Michigan in 1892) and as early as 1876, professor A.J. Cook commissioned a Lansing printer to issue his popular Manual of the Apiary, which ran through numerous editions and remained in print for nearly half a century. Located on the MSU campus in East Lansing East Lansing is a city in the U.S. state of Michigan. Most of the city lies within Ingham County with a smaller portion extending north into Clinton County. At the 2020 Census the population was 47,741. Located directly east of the state capital ..., the press publishes principally in the areas of the humanities, sciences, and social sciences, with special ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenneth K
Kenneth is an English given name and surname. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a byname meaning "handsome", "comely". A short form of ''Kenneth'' is '' Ken''. Etymology The second part of the name ''Cinaed'' is derived either from the Celtic ''*aidhu'', meaning "fire", or else Brittonic ''jʉ:ð'' meaning "lord". People :''(see also Ken (name) and Kenny)'' Places In the United States: * Kenneth, Indiana * Kenneth, Minnesota * Kenneth City, Florida In Scotland: * Inch Kenneth, an island off the west coast of the Isle of Mull Other * "What's the Frequency, Kenneth?", a song by R.E.M. * Hurricane Kenneth * Cyclone Kenneth Intense Tropical Cyclone Kenneth was the strongest tropical cyclone to make landfall in Mozambique since modern records began. The cyclone also caused significant damage in the Comoro Islands and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge University Press
Cambridge University Press is the university press of the University of Cambridge. Granted letters patent by Henry VIII of England, King Henry VIII in 1534, it is the oldest university press A university press is an academic publishing house specializing in monographs and scholarly journals. Most are nonprofit organizations and an integral component of a large research university. They publish work that has been reviewed by schola ... in the world. It is also the King's Printer. Cambridge University Press is a department of the University of Cambridge and is both an academic and educational publisher. It became part of Cambridge University Press & Assessment, following a merger with Cambridge Assessment in 2021. With a global sales presence, publishing hubs, and offices in more than 40 Country, countries, it publishes over 50,000 titles by authors from over 100 countries. Its publishing includes more than 380 academic journals, monographs, reference works, school and uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Demographic Economics
''Journal of Demographic Economics'' (JODE) is a peer-reviewed academic journal at the intersection of demography and economics. It is published by Cambridge University Press and edited by the Institute of Economic and Social Research of the UCLouvain. The Journal of Demographic Economics publishes four issues a year. The Journal of the Demographic Economics (JODE) welcomes both empirical and theoretical papers on issues relevant to Demographic Economics with a preference for combining abstract economic or demographic models together with data to highlight major mechanisms of the interplay between demographics and economics. JODE intends to be the premier demography & economics outlet for empirical contributions that are firmly grounded in theory as well as theoretical papers that are motivated by empirical regularities and findings. The editor-in-chief of JODE is David de la Croix (UClouvain) and Murat Iyigun (University of Colorado at Boulder) is the Co-Editor. In August 2021, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JSTOR
JSTOR (; short for ''Journal Storage'') is a digital library founded in 1995 in New York City. Originally containing digitized back issues of academic journals, it now encompasses books and other primary sources as well as current issues of journals in the humanities and social sciences. It provides full-text searches of almost 2,000 journals. , more than 8,000 institutions in more than 160 countries had access to JSTOR. Most access is by subscription but some of the site is public domain, and open access content is available free of charge. JSTOR's revenue was $86 million in 2015. History William G. Bowen, president of Princeton University from 1972 to 1988, founded JSTOR in 1994. JSTOR was originally conceived as a solution to one of the problems faced by libraries, especially research and university libraries, due to the increasing number of academic journals in existence. Most libraries found it prohibitively expensive in terms of cost and space to maintain a comprehen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
