摘要:

Alfred Marshall's introduction of the ‘Giffen Good’ case appears puzzling, if only because it was not discussed by Robert Giffen. This article suggests that the analytical framework which Marshall used to discuss the case owed a good deal to the work of W.S. Jevons. The precise argument, however, was introduced as a rhetorical device to defend the notion of consumer surplus (against J.S. Nicholson) and to criticize the advocacy of tariff reform (by W.A.S. Hewi

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02080.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

During 1986 the Economic Planning Advisory Council published a series of six papers examining the role of economic policy in fostering long‐term growth. This article provides a review and critical assessment of the EPAC analysis. The fundamental issue at stake is whether long‐term growth is a supply‐driven or a demand‐driven process. In particular, the crucial issue neglected by EPAC is the relationship between aggregate demand, the inducement to invest and the growth of productive capacity. The conclusion is that in order to promote sustained growth, policy must provide the structural and macroeconomic requirements for a sustainable growth of aggregate

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02081.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02082.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

Economic expansion resulting from factor accumulation is introduced in the mobile capital and small open economy version of the Harris‐Todaro model. Among other things, it is shown that economy expansion leads to normal effects on urban unemployment if land is introduced as a scarce input in the agricultural sector. However, capital accumulation and labour growth have indeterminate effects on the absolute level of urban unemploymen

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02083.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

This paper examines the experience of nine industrial countries with monetary targeting. The paper suggests that monetary targets were adopted as a tactical response to a particular economic situation, not as monetary rules. Other objectives were given precedence over targets when thought desirable. Most countries changed the targeted aggregate, and two dropped targets altogether. While inflation fell in most countries, the extent to which this was due to the pursuit of monetary targets is unclear. The place of monetary aggregates in many countries now appears to be as one among a number of indicators considered by the authorities in the setting of monetary policy.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02084.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

Book reviewed in this article:Privatisation: An Australian Perspective, edited by P. AbelsonTraditions of Liberalism, Essays on John Locke, Adam Smith and John Stuart Mill, edited by K. HaakonssenUnemployment After Keynes: Towards a New General Theory, by J. HudsonHorizontalists and Verticalists, The Macroeconomics of Credit Money, by Basil J. MooreCombining Fuzzy Imprecision with Probabilistic Uncertainty in Decision Making, edited by J. Kacprzy and M. FedrizziJapan in the World Economy, by B. Balassa and M. NolandThe Japanese Financial System, edited by Y. Suzuki

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02085.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02086.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02087.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1990.tb02088.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY