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In diesem zweiten Band der „Allgemeinen Wirtschaftspolitik“ liefert Herbert Giersch ein Kompendium des konjunkturpolitischen Wissens seiner Zeit, das noch heute fasziniert. Es vereinigt die Erkenntnisse volkswirtschaftlicher Theorie und wirtschaftspolitischer Praxis, die der Autor in eineinhalb Jahrzehnten der universitären Lehre und Forschung sowie der Tätigkeit als akademischer Berater für sich erschlossen und weitergegeben hat. Damit umfasst es ein riesiges Spektrum von Themen, die in den sechziger und siebziger Jahren auf der Tagesordnung standen. Der Zusammenbruch des Bretton-Woods-Systems und der erste Ölpreisschock lagen bei Erstveröffentlichung dieses Bandes gerade einmal vier Jahre zurück. Damit endete die Phase dynamischen industriegetriebenen Wachstums, die Deutschland nach Auslaufen des Wirtschaftswunders Vollbeschäftigung bei starker Zuwanderung beschert hatte. Das Buch enthält alles, was Giersch vor diesem Hintergrund in der Auseinandersetzung mit Denkrichtungen vom Keynesianismus über die Neoklassik bis zum Monetarismus zu sagen hat.

A 2022 Economist Best Book of the Year. The definitive account of the distinguished economist's formative years. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek—economist, social theorist, leader of the Austrian school of economics, and champion of classical liberalism. Hayek's erudite arguments in support of individualism and the market economy have attracted a devout following, including many at the levers of power in business and government. Critics, meanwhile, cast Hayek as the intellectual forefather of “neoliberalism” and of all the evils they associate with that pernicious doctrine. In Hayek: A Life, historians of economics Bruce Caldwell and Hansjörg Klausinger draw on never-before-seen archival and family material to produce an authoritative account of the influential economist's first five decades. This includes portrayals of his early career in Vienna; his relationships in London and Cambridge; his family disputes; and definitive accounts of the creation of The Road to Serfdom and of the founding meeting of the Mont Pèlerin Society. A landmark work of history and biography, Hayek: A Life is a major contribution both to our cultural accounting of a towering figure and to intellectual history itself.

This collection brings together articles written by Gardiner C. Means, a leading institutionalist and post-Keynesian economist. Means studies the modern corporation and its implications for the institution on private property and the economic systems as a whole. The selections illuminate Means'analysis of the corporate revolution, the role of administered pricing and the consequences for macro-economic instability in the American economy. The book includes the controversial theoretical chapters for his proposed Harvard dissertation, his essay on industrial prices and their inflexibility, the causes of depression, administered prices and the risk of inflation, his analysis of stagflation and the control of inflation. An essay by his widow, Caroline F. Ware, examines the resistance of the American economics profession to Means'theory of administered prices.

The Economics of John Maynard Keynes: The Theory of Monetary Economy by Dudley Dillard seeks to make The General Theory of Employment, Interest and Money by John Maynard Keynes understandable to both the economist and to the non-economist. First published in 1948 and since translated into over 10 languages, Dr. Dillard's book has been widely regarded as the seminal scholarship on the monetary aspects of Keynesian economics.In addition to explaining the economic theories of Keynes, Dillard also includes a chapter on Keynes's philosophical development and the “social philosophy toward which it leads.” Throughout the book, Dillard provides summaries and examines Keynes'concepts on employment, income, saving, marginal propensity to consume, the investment multiplier, fiscal policy, post-war inflation, interest, and wages.

First issued in 1937 and then revised in 1957, Prosperity and Depression focuses on the task of analyzing existing theories of the business cycle and deriving a synthetic account of the nature and possible causes of economic fluctuations. The application, as far as possible, of quantitative tests to the various causal hypotheses - influences the manner in which the problem of economic cycles is approached in Haberler's book.The first part on''The Systematic Analysis of the Theories of the Business Cycle''gathers various hypotheses of explanation, to test their logical consistency and their compatibility with one another and with accepted economic principles. It gives a well rounded picture of the possible explanations of economic fluctuations. The second part,''Synthetic Exposition Relating to the Nature and Causes of Business Cycles''argues that there are many points where no definitive solution can be proposed, but have a number of possibilities. The choice between these can then be made only on the basis of empirical investigations.Haberler argues that theoretical reasoning supported only by broad facts as one happens to know without special statistical or historical investigations can create intelligent questions, but it cannot definitely answer them. By analyzing various theories and explanations of the business cycle, this book clarifies a number of issues presupposed. The difference between the theories analyzed is not as complicated as is sometimes believed. In fact it is shown how theories which seem prima facie to contradict one another can be reconciled. David Felix's new introduction underlines the continuing importance of this classic.

There is little need today for an author publishing a work on less developed countries to emphasise the importance of this question. In view of the large and increasing number of publications on this subject - and in fairness to the reader - it seems appropriate, however, to outline briefly what the book sets out to describe. As the title conveys, I have concentrated on the financial side of the problem without neglecting altogether the important political, social and human aspects. I have primarily dealt with the problems of capital formation, capital transfer, capital employment and the associated balance of payments considerations. The attempt is made to set out in an integrat­ ed analysis the problems of capital exports to less developed countries both from the point of view of the creditor and of the debtor, be they countries or individuals. This method appeared all the more appropriate since the provision oflong term funds for capital exports and the question of their employment in the capital importing countries are so closely interconnected that they could hardly be treated separately.

This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980.This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. Both national and international views are intermingled among the 36 chapters on macroeconomics and fiscal policy, savings, stabilization policy, international coordination of macroeconomic policy, monetary policy, and exchange rates. Several tributes to colleagues—including Walter Heller and Seymour Harris—round out the collection.

The renewed interest in the works of the great classical economists reflects in part a recognition that there is still much to be learned from them about the operation of the economy. This volume is the first in a series of four in which Professor Hollander will provide an analytical and critical assessment of the thought of the British school of classical economists; later volumes will elucidate the thought of Ricardo and Malthus, Mill, and Marx. This study relates Smith's theoretical position to contemporary history and economic practice. It pays particular attention to Smith's vision of the process of industrialization during the mid-eighteenth century, his approach to British colonial policies, and his view of the desirability of economic development. Coming in time for the bicentennial celebrations of The Wealth of Nations, this work should interest all economists with a sense of the evolution and purpose of their discipline, and should commend itself as a detailed and careful reinterpretation of what Adam Smith was thinking about. One authoritative reader has called it:'one of the most distinguished essays in the history of economic thought of the last quarter century.'(Studies in Classical Political Economy)