A Market Theory of Money

A Market Theory of Money PDF

Author: John Hicks

Publisher: Oxford University Press on Demand

Published: 1989

Total Pages: 151

ISBN-13: 0198287240

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Explains the way in which economic theory has been adjusted to reflect developments in the real economy. The author outlines a theory, which links competitive markets with the monetary sector.

John R. Hicks

John R. Hicks PDF

Author: O. F. Hamouda

Publisher: Wiley-Blackwell

Published: 1993

Total Pages: 316

ISBN-13: 9781557860651

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Sir John Hicks is one of the true giants of twntieth-century economics and he has had a significant impact on almost every aspect of economic theory. His resurrection and perfection of the General Equilibrium theory of Walras and Pareto became the foundation of contemporary microeconomics, and his interpretation of Keynes′ General Theory through the IS-LM diagram set the course of Keynesianism and the ensuing development of macroeconomics. The invention of the ′elasticity of substitution′ may also be counted among his greatest achievements. This book represents the first scholarly and comprehensive analysis of Hick′s economics. O. F. Hamouda demonstrates that Hicks had a coherent methodology and a complex but complete vision of economics. The book begins with a fascinating account of hick′s life and career and goes on to analyse his contribution to the many areas of the subject in which he was active. The author shows how Hicks′ ideas were proposed, how they were transformed over time and how, through time, the pieces fit together. Above all, the book charts thte development of a remarkable mind in our discipline in this century. It provides biographical insights that are not otherwise available, and offers valuable guidance to the work based on Sir John′s own evaluations rather than those more common and resting only on the predilections of the commentator.

Capital and Time

Capital and Time PDF

Author: J. R. Hicks

Publisher: Clarendon Press

Published: 1987-10-15

Total Pages: 228

ISBN-13: 0191521256

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This book, first published in 1973, takes up an important approach to capital which had gone out of fashion. It is being reissued in paperback in recognition of the recent renewed interest in this approach. The 'Austrian' theory of capital concentrates on the inputs and outputs in the productive process, and has an advantage over more modern theories of economic dynamics in that it is more naturally expressible in economic terms: the production process over time is taken as a whole, rather than disintegrated. However, this approach had been largely abandoned because it seemed to be unable to deal with fixed capital. Sir John overcomes this problem here by allowing for a sequence of outputs, and the consequences for dynamic economics are profound and novel.

Sir John R. Hicks

Sir John R. Hicks PDF

Author: John Cunningham Wood

Publisher: Taylor & Francis US

Published: 1989

Total Pages: 320

ISBN-13: 9780415109017

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Sir John Hicks is one of the highest-regarded contemporary economists, and it is fitting that the new series of Critical Assessments of Contemporary Economists should commence with his work. Awarded the Nobel Prize for Economics in 1972, Sir John Hicks' work is extremely wide-ranging, with the list of topics reading almost like an agenda for the whole of modern economics: general equilibrium theory, welfare economics, problems of index numbers, trade cycles, wages and many others. He may, however, be best known to present day economists for having introduced IS-LM curves, now a standard means of Keynesian analysis. A comprehensive, scholarly work, this four-volume set gives students of economics and economic thought immediate access to Sir John Hicks' contributions and shows how his work has been received and modified by others.

The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money PDF

Author: John Maynard Keynes

Publisher: Springer

Published: 2018-07-20

Total Pages: 404

ISBN-13: 3319703447

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This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Methods of Dynamic Economics

Methods of Dynamic Economics PDF

Author: J. R. Hicks

Publisher: Clarendon Press

Published: 1987-10-08

Total Pages: 182

ISBN-13: 0191521434

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Capital and Growth was published in 1965, and rapidly established itself as a landmark in economic theory. In this volume, Sir John takes his earlier work and examines it critically for its present-day value. The result is a substantially reworked book based on the first and best part of his 1965 publication. The theme, now more clearly identified, is a comparative study of the economics of change, and brings in many of Hicks's subsequent developments and refinements - in particular a 'neo-Austrian' theory of capital which he developed in Capital and Time(1973). A new chapter on Keynes's methods has been added. The sum is a more complete classification of the family of models appropriate for analysing dynamic economics.