EconStor >
The University of Utah, Salt Lake City >
Department of Economics, The University of Utah, Salt Lake City >
Department of Economics Working Paper Series, University of Utah >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/64410
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorFiorito, Lucaen_US
dc.contributor.authorVernengo, Matíasen_US
dc.date.accessioned2012-09-28T12:38:33Z-
dc.date.available2012-09-28T12:38:33Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/64410-
dc.description.abstractThis paper suggests that Clark's views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preocupation with dynamic analysis. Clark developed the multiplier in dynamic terms and coupled it with the accelerator to provide the framework for business cycle theory. His analysis was not formalized and emphasized time lags and non-linearities, similarly to Harrod. Also Clark was concerned with the inflationary consequences of Keynesian policies and he was dissatisfied with those mechanical interpretations of the income flow analysis, which came to be known as hydraulic Keynesianism. Clark's policy conclusions emphasized the need of balance between employment creation and price stability, and the need of cooperation between social groups.en_US
dc.language.isoengen_US
dc.publisherUniv. of Utah, Dep. of Economics Salt Lake City, Utahen_US
dc.relation.ispartofseriesWorking Paper, University of Utah, Department of Economics 2008-07en_US
dc.subject.jelB20en_US
dc.subject.jelB22en_US
dc.subject.jelB31en_US
dc.subject.ddc330en_US
dc.subject.keywordJohn Maurice Clarken_US
dc.subject.keywordKeynesiansen_US
dc.subject.keywordInstitutionalistsen_US
dc.titleThe other J. M.: John Maurice Clark and the Keynesian revolutionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn572637772en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Department of Economics Working Paper Series, University of Utah

Files in This Item:
File Description SizeFormat
572637772.pdf168.12 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.