Download Economic Perspectives: Further Essays on Money and Growth by John Hicks PDF

By John Hicks

This choice of essays on funds and development brings jointly the paintings of Sir John Hicks. together with formerly unpublished essays, this assortment is bound to make readers view Hicks paintings in a brand new mild.

Show description

Read Online or Download Economic Perspectives: Further Essays on Money and Growth PDF

Best money & monetary policy books

Financial Markets and European Monetary Cooperation: The Lessons of the 1992-93 Exchange Rate Mechanism Crisis (Japan-US Center UFJ Bank Monographs on International Financial Markets)

Why used to be the eu financial process in 1992-93 swept by way of waves of disruptive speculative assaults? And what classes emerged from that episode as regards the way forward for the ecu financial Union? This booklet presents a accomplished overview of the motives and implications of the 1992-93 hindrance of the trade expense mechanism.

Juggling Dynamite: An insider's wisdom about money management, markets, and wealth that lasts

With instantly speak and actual lifestyles tales, this booklet indicates you the way to guard your investments in order that neither you nor your funds are trampled via the myths and herd mentality of undefined. making an investment might be demanding. Compounding the matter are the pressures that stem from the profit-seeking funding revenues and the company media.

Policy Regimes and Industrial Competitiveness: A Comparative Study of East Asia and India

This e-book seems to be on the financial functionality of East Asia during the last 3 many years in a unified method. the point of interest is at the universal forces, generated by means of each one country's guidelines, that together produced such winning results. The position of macroeconomics and microeconomic components are analyzed. For comparability, an analogous framework is used to envision the fewer winning functionality of the Indian economic climate.

The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions

The important thesis of the e-book is that during order to guage financial coverage, one must have a transparent inspiration in regards to the features and capabilities of cash because it developed and in its present shape. that's to assert that with no an knowing approximately how funds advanced as a social establishment, what it truly is this present day, and what's attainable to understand approximately financial phenomena, it's not attainable to increase a significant ethics for funds; or, to place it in a different way, to discover what sort of institutional preparations could be deemed solid cash for the type of society we're in.

Extra info for Economic Perspectives: Further Essays on Money and Growth

Sample text

The economy would have attained what Adam Smith called its ‘full complement of riches’; but the higher real wages, which had followed from the now exhausted Impulse, would remain. Suppose, however, that there were induced inventions, induced (as in this case they would be) by the rise in real wages, by the rise in wages relatively to product prices (as a whole). Such technical changes would be directed towards economizing in labour costs, and thus to reducing the scarcity of labour. They would therefore tend to slow up the rise in wages.

Let us return, for instance, to the question of population. It is in some of the poorest countries of the world that population is now increasing most rapidly. We are perhaps a little less worried than we were about the Malthusian peril—the problem of feeding the hundreds of millions of new mouths which demographers tell us will so soon be upon us. It is far from certain that we are right to be so complacent; but suppose we are right. We are still left with the problem of finding the savings in order to employ, in a ‘modern’ manner, even that fraction of the population of, say, India which is now employed in a ‘modern’ manner—a fraction which, with a larger population, will comprise many more people.

In the ‘capitalist’ model, familiar in economic textbooks, the improvement in productivity raises profits, and from the larger profits it is easy to make larger savings. Under socialism, the profits accrue to public bodies; but here again, if the new technique has proved productive, public profits will be increased, and from their larger profits the public bodies will find it easier to finance new investment. They may not do so, and the capitalists may not do so; but in either case there is some presumption that they will.

Download PDF sample

Rated 4.11 of 5 – based on 30 votes