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Demand Side Economics

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Demand Side Economics

Demand Side Economics Book
Author : Alan Harvey
Publisher : Createspace Independent Pub
Release : 2012-07-01
ISBN : 9781478205807
Language : En, Es, Fr & De

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Book Description :

There is an economics that works, that rescued the nation from the depths of the Great Depression, that organized the mobilization of World War II, that executed a successful transition from war to peace, that built the peace into prosperity, that explained the instability and decline, and that predicted the Great Financial Crisis. This economics was abandoned, partly for the benefit of a corporate oligarchy which now controls public policy. This economics now points the way out of stagnation and uncertainty, and it embraces the challenges of world poverty and global climate change. This is the economics of John Maynard Keynes and the new Deal. Demand Side Economics draws the history and explains the thinking of nine great economists. This is a cogent treatment of complex events and concepts that will lead the reader to an understanding of what happened and why. The policy answers it projects are 180 degrees from the austerity, small government and bail-outs for the few that is the current path. Massive private debt has conspired with an orthodox economics that literally ignores that debt to put the world in a financial vise. Public policy is controlled by those who must save an architecture that cannot be saved. Markets have become casinos, with chips provided by central banks, whose players keep the winnings, but shift any losses onto the taxpayer. The foundations of sturdy, stable growth are ignored or abandoned to the detriment of all. Public goods, the Commons, the long-term survival of the planet, and the needs of the world's poor are not costs which must be minimized, but opportunities to create value and organize recovery. It is ignoring the great challenges that is truly unaffordable History, theory, evidence, presented clearly for the reader's own conclusions. We present John Maynard Keynes, the godfather of macoeconomics and Demand Side economics; Leon Keyserling, representing the New Deal and the successful transition from war to prosperity under Harry Truman John Kenneth Galbraith, with his unapologetic look at the character of affluence and the rise of the corporation; Hyman Minsky, exploring his financial instability hypothesis, the main line of Keynes into Finance; Joseph Stiglitz, looking at the cruel hoax of free market capitalism foisted on the developing world; James K. Galbraith, bringing insight into the capture of government by the corporation; George Soros, explaining how markets really work; Steve Keen, developing Minsky and Keynes into compelling economic models that actually predict real outcomes; Nouriel Roubini, taking apart the European debt and banking crisis, and presaging the trouble to come. The book suggest that central bankers do not understand how money is created. Market-first economists imagine an economy that does not exist. General equilibrium forecasters propose an invisible hand that does not exist. Elaborate mathematical expressions of the workings of the economy - "models" - present an elegant description, but of an entirely hypo-thetical world. Whole schools of economic thought, scores of careers, thousands of academic papers and texts have been built on patently false assumptions. Models commonly used to predict, even in the aftermath of a financial crisis born in the banking system, do not include a banking sector. Massive private debt is ignored, while at the same time the public sector - government - is excoriated for somehow slipping back through time to be the cause of the financial crisis. Jobs, physical and social infrastructure, and preparation for a looming climate crisis are all deemed too expensive to buy directly. This is exactly wrong. The first error of orthodox economics is that the economy is constrained by resources. It is constrained by demand. Direct spending on these critical needs is the route out of this Second Depression. Substantial, disciplined, public demand can right the economy for all sectors, and for our collective future.

New Supply Side Economics

New Supply Side Economics Book
Author : Lin Xiao
Publisher : Springer
Release : 2017-08-16
ISBN : 9811046395
Language : En, Es, Fr & De

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Book Description :

This book investigates the basic theoretical framework and conducts a logical analysis of China’s new supply-side economics, while also providing a strategic path to remedy the plight of China’s economic development. From the perspective of connotation, theory and methods, China’s structural reform differs both from that proposed by the Western supply-side school or supply-side economics, and from that proposed by structural economists. The theoretical basis of supply-side structural reform falls under socialist political economics with Chinese characteristics, and the new supply-side economics represent an important component of socialist political economics with Chinese characteristics.

Peak Energy Demand and Demand Side Response

Peak Energy Demand and Demand Side Response Book
Author : Jacopo Torriti
Publisher : Routledge
Release : 2015-07-16
ISBN : 1317704479
Language : En, Es, Fr & De

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Book Description :

With different intensities, depending on the season, every morning and evening of any weekday there are the same peaks in electricity demand. Peaks can bring about significantly negative environmental and economic impacts. Demand Side Response is a relatively recent solution in Europe which has the potential to reduce peak demand and ease impending capacity shortages. Peak Energy Demand and Demand Side Response presents evidence on a set of Demand Side Response activities, ranging from price-based to incentive-based programmes and policies. Examples are drawn from different programmes for both residential and non-residential sectors of electricity demand, including Time of Use tariffs, Critical Peak Pricing Automated Demand Controllers and Ancillary Services. The book also looks at the actual energy saving impacts of smart meters, the activities which constitute peak demand and the potential opportunities associated with European smart grids and Capacity Markets. This is the first book presenting comprehensive analysis of the impacts, cost benefits and risks associated with Demand Side Response programmes and policies. It should be of interest to students, scholars and policy-makers in the areas of energy, environmental economics and applied economics.

Demand side Innovation Policies

Demand side Innovation Policies Book
Author : OECD
Publisher : OECD Publishing
Release : 2011-05-17
ISBN : 9264098887
Language : En, Es, Fr & De

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Book Description :

This book examines dynamics between demand and innovation and provides insights into the rationale and scope for public policies to foster demand for innovation.

Escaping Satiation

Escaping Satiation Book
Author : Ulrich Witt
Publisher : Springer Science & Business Media
Release : 2013-04-17
ISBN : 3662045281
Language : En, Es, Fr & De

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Book Description :

The collection of papers presented in this special issue arose out of two events. The first was the symposium "Escaping Satiation - Increasing Product Variety, Preference Change and the Demand Side of Economic Growth" which was held at the Max Planck Institute in Jena, Germany, in December 1997. The Fritz Thyssen Foundation provided financial support for this seminal symposium which is gratefully acknowledged. Wilhelm Ruprecht was of great help in preparing the symposium and I would like to express my gratitude to hirn on this occasion. Many stimulating exchanges with hirn over the past few years while he was a research associate at the Institute working on long term changes in consumption convinced me of the relevance and importance of this problem for understanding modem economic growth. I also owe thanks to many people who encouraged me to go ahead with the symposium, among them Stanley Metcalfe, Carl Christian von Weizsäcker, and also Ehud Zuscovitch, who died so unexpectedly last year.

Supply Side Economics

Supply Side Economics Book
Author : Richard H. Fink
Publisher : Greenwood
Release : 1982-06
ISBN : 9780313270673
Language : En, Es, Fr & De

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Demand Side Stabilization Policies

Demand Side Stabilization Policies Book
Author : Mrs. Magda E. Kandil
Publisher : International Monetary Fund
Release : 2000-12-01
ISBN : 145190536X
Language : En, Es, Fr & De

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Book Description :

Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results, on average, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the other hand, higher variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results indicate the desirability of avoiding large fluctuations over time in either government spending or the money supply.

The Economics of Supply and Demand

The Economics of Supply and Demand Book
Author : Lawrence Robert Klein
Publisher : Baltimore, Md. : Johns Hopkins University Press
Release : 1983
ISBN :
Language : En, Es, Fr & De

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Book Description :

Lawrence Klein, winner of the 1980 Nobel Prize in Economic Sciences, makes a compelling case for the integration of supply and demand in economic analysis and policy. He shows how supply side factors enter macroeconomics and interact with demand side factors and maintains that only by constructing a model which brings together the total forces of supply and demand can one devise policies to affect the economic issues. Although the eschews as too shallow the current treatment of supply side economics, which concentrates on tax cuts as an incentive, he spotlights the neglect of supply factors as the cause of the present unproductive obsession with fiscal and monetary policy. He advocates the protection of the environment, the supply of raw materials and the improvement of human skills. ISBN 0-8010-3095-8 : $17.50.

A Theory of Employment in Firms

A Theory of Employment in Firms Book
Author : Josef Falkinger
Publisher : Springer Science & Business Media
Release : 2012-12-06
ISBN : 3790826499
Language : En, Es, Fr & De

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Book Description :

In a modern economy, production and competition require internal interaction of individuals in firms. The book provides a systematic treatment of the macroeconomic consequenses of this fact. For this purpose the concept of a two-stage monopolistic competition equilibrium is introduced into macroeconomic theory. Firms choose the capacity to organize internal interaction at stage 1 and compete at stage 2. The concept allows a rigorous analysis of the provision of work places and the economic determinants of the employable work force. The book explains why in the equilibrium of a market economy, even under flexible wages, no jobs may be provided for people who are employable from an efficiency point of view. The economic determinants of equilibrium employment covered by the analysis of the book are: New forms of work organization, changes in the skill structure of the labor force, market power of key factors for organization, expectations of investors and international capital movements.

Supply side Economics

Supply side Economics Book
Author : United States. Congress. House. Committee on the Budget. Task Force on Tax Policy
Publisher :
Release : 1981
ISBN :
Language : En, Es, Fr & De

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Book Description :