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Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow's different attempts to address this issue. It starts in early 1950s when Solow...
Persistent link: https://www.econbiz.de/10011706942
This paper assesses Robbins's participation in the Economic Advisory Council in 1930, drawing mostly on The Lionel Robbins Papers held at the LSE. The divergences between him and Keynes are highlighted and an attempt is made to shed some light on Robbins' overarching interest on the interplay of...
Persistent link: https://www.econbiz.de/10012953057
After his escape from communist Romania in the late 1940s, Nicholas Georgescu-Roegen used to describe himself as an “emigrant from a developing country”. Through his professional engagements with Vanderbilt University, he also came to visit many other parts of the developing world. One of...
Persistent link: https://www.econbiz.de/10012868260
Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macro-economics of the medium-run. This paper recounts the history of Solow's different attempts to address this issue. It starts in early 1950s when Solow...
Persistent link: https://www.econbiz.de/10013076001