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Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Thursday, May 6, 2010

Irving Fisher Book

Fisher, Irving Norton, 1961. A Bibliography of the Writings of Irving Fisher (1961). Compiled by Fisher's son; contains 2425 entries.

* Primary
o 1892. Mathematical Investigations in the Theory of Value and Prices.
o 1896. Appreciation and interest.
o 1906. The Nature of Capital and Income.
o 1907. The Rate of Interest.
o 1910. Introduction to Economic Science.

o 1911. The Purchasing Power of Money: Its Determination and Relation to Credit, Interest, and Crises.
o 1911. Elementary Principles of Economics.
o 1915. How to Live (with Eugene Lyon Fisk).

o 1921, The best form of index number, American Statistical Association Quarterly.
o 1922. The Making of Index Numbers.
o 1923, "The Business Cycle Largely a `Dance of the Dollar'," Journal of the American Statistical Society.
o 1926, "A statistical relation between unemployment and price changes," International Labour Review.
o 1927, "A statistical method for measuring 'marginal utility' and testing the justice of a progressive income tax" in Economic Essays Contributed in Honor of John Bates Clark .
o 1930. The Stock Market Crash and After.
o 1930. The Theory of Interest.
o 1932. Booms and Depressions available on FRASER.
o 1933, "The debt-deflation theory of great depressions," Econometrica. available on FRASER
o 1933. Stamp Scrip.
o 1935. 100% Money.
o The Works of Irving Fisher. edited by William J. Barber et al. 14 volumes London : Pickering & Chatto, 1996.

Saturday, April 24, 2010

Ludwig von Mises

Ludwig von Mises wrote:

"Society lives and acts only in individuals; it is nothing more than a certain attitude on their part. Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. Therefore everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us."

Friday, April 23, 2010

350 Years of Economic Theory in 50 Minutes | Mark Thornton

Ludwig von Mises Institute (From Wikipedia)

The Ludwig von Mises Institute (LvMI), based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises. Other Austrian School academics such as Murray Rothbard and Friedrich Hayek have also had a strong influence on the Institute's work. The Institute is funded entirely through private donations.

The Institute does not consider itself a traditional think tank. While it has working relationships with individuals such as U.S. Representative Ron Paul and organizations like the Foundation for Economic Education, it does not seek to implement public policy. It has no formal affiliation with any political party (including the Libertarian Party), nor does it receive funding from any. The Institute also has a formal policy of not accepting contract work from corporations or other organizations.[1]

There are also several other Institutes with the same name throughout the world, including those in Belgium, Poland, Argentina[page needed], Mexico, Russia[page needed], Brazil, and Romania[page needed] (see external links). However, the Institute has no formal ties with any of them.

The Institute's official motto is Tu ne cede malis sed contra audentior ito, which comes from Virgil's Aeneid, Book VI; the motto means "do not give in to evil but proceed ever more boldly against it." Early in his life, Mises chose this sentence to be his guiding principle in life. It is prominently displayed throughout the Institute's campus, on their website and on memorabilia.

History of Economic Thought Link

http://en.wikipedia.org/wiki/History_of_economic_thought

The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the "art" of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times, scholars such as Thomas Aquinas argued that it was a moral obligation of businesses to sell goods at a just price.

British philosopher Adam Smith is often cited as the father of modern economics for his treatise The Wealth of Nations (1776). His ideas built upon a considerable body of work from predecessors in the eighteenth century particularly the Physiocrats. His book appeared on the eve of the Industrial Revolution with associated major changes in the economy. Smith's successors included such classical economists as the Rev. Thomas Malthus, Jean-Baptiste Say, David Ricardo, and John Stuart Mill. They examined ways the landed, capitalist and labouring classes produced and distributed national output and modeled the effects of population and international trade. In London, Karl Marx castigated the capitalist system, which he described as exploitative and alienating. From about 1870, neoclassical economics attempted to erect a positive, mathematical and scientifically grounded field above normative politics.

After the wars of the early twentieth century, John Maynard Keynes led a reaction against what has been described as governmental abstention from economic affairs, advocating interventionist fiscal policy to stimulate economic demand and growth. With a world divided between the capitalist first world, the communist second world, and the poor of the third world, the post-war consensus broke down. Others like Milton Friedman and Friedrich von Hayek warned of The Road to Serfdom and socialism, focusing their theories on what could be achieved through better monetary policy and deregulation. As Keynesian policies seemed to falter in the 1970s there emerged the so called New Classical school, with prominent theorists such as Robert Lucas and Edward Prescott. Governmental economic policies from the 1980s were challenged, and development economists like Amartya Sen and information economists like Joseph Stiglitz introduced new ideas to economic thought in the twenty-first century.