Markets, Money and Capital: Hicksian Economics for the Twenty-First Century [NOOK Book]

Overview

Sir John Hicks (1904-1989) was a leading economic theorist of the twentieth century, and along with Kenneth Arrow was awarded the Nobel Prize in 1972. His work addressed central topics in economic theory, such as value, money, capital and growth. An important unifying theme was the attention for economic rationality 'in time' and his acknowledgement that apparent rigidities and frictions might exert a positive role as a buffer against excessive fluctuations in output, prices and employment. This emphasis on the ...
See more details below
Markets, Money and Capital: Hicksian Economics for the Twenty-First Century

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

NOOK Book (eBook)
$26.99
BN.com price
(Save 42%)$47.00 List Price

Overview

Sir John Hicks (1904-1989) was a leading economic theorist of the twentieth century, and along with Kenneth Arrow was awarded the Nobel Prize in 1972. His work addressed central topics in economic theory, such as value, money, capital and growth. An important unifying theme was the attention for economic rationality 'in time' and his acknowledgement that apparent rigidities and frictions might exert a positive role as a buffer against excessive fluctuations in output, prices and employment. This emphasis on the virtue of imperfection significantly distances Hicksian economics from both the Keynesian and Monetarist approaches. Containing contributions from distinguished theorists in their own right (including three Nobel Prize winners), this volume examines Hicks's intellectual heritage and discusses how his ideas suggest a distinct approach to economic theory and policy making. It will be of great interest to scholars and students of economic theory and the history of economic thought.
Read More Show Less

Product Details

  • ISBN-13: 9780511737527
  • Publisher: Cambridge University Press
  • Publication date: 11/17/2010
  • Sold by: Barnes & Noble
  • Format: eBook
  • Sales rank: 1,253,740
  • File size: 3 MB

Meet the Author

Roberto Scazzieri is Professor of Economics at the University of Bologna, a Senior Member of Gonville and Caius College and Life Member of Clare Hall, Cambridge.

Amartya Sen is a Nobel laureate and Professor of Economics and Philosophy at Harvard University.

Stefano Zamagni is Professor of Economics at the University of Bologna, and Adjunct Professor of International Economics at Johns Hopkins University.

Read More Show Less

Table of Contents

List of figures viii

List of tables x

List of contributors xi

Preface and acknowledgments xiii

Between theory and history: on the identity of Hicks's economics Roberto Scazzieri Stefano Zamagni 1

Part I The Intellectual Heritage of John Hicks

1 Hicks on liberty Amartya Sen 41

2 An economist even greater than his high reputation Paul A. Samuelson 49

3 Hicks's 'conversion'- from J.R. to John Luigi L. Pasinetti Gianpaolo Mariutti 52

4 Dear John, Dear Ursula (Cambridge and LSE, 1935): eighty-eight letters unearthed Maria Cristina Marcuzzo Eleonora Sanfilippo 72

5 Hicks and his publishers Andrew L. Schuller 92

6 Hicks in reviews, 1932-89: from The Theory of Wages to A Market Theory of Money Warren Young 109

Part II Markets

7 Hicks and the emptiness of general equilibrium theory Christopher Bliss 129

8 Hicks versus Marx? On the theory of economic history Pierluigi Ciocca 146

9 Hicks's notion and use of the concepts of fix-price and flexprice Marcello De Cecco 157

10 On the Hicksian definition of income in applied economic analysis Paolo Onofri Anna Stagni 164

Part III Money

11 Historical Stylizations and monetary theory Alberto Quadrio Curzio Roberto Scazzieri 185

12 Hicks: money, prices, and credit management Omar F. Hamouda 204

13 Core, mantle, and industry: a monetary perspective of banks' capital standards Rainer Masera 225

14 A suggestion for simplifying the theory of asset prices Riccardo Cesari Carlo D'Adda 252

Part IV Capital and Dynamics

15 'Distribution and Economic Progress' after seventy years Robert M. Solow 277

16 Flexible saving and economic growth Mauro Baranzini 287

17 The economics of non-linear cycles PieroFerri 309

18 A perspective on a Hicksian non-linear theory of the trade cycle Kumaraswamy Vela Velupillai 328

19 Capital, growth, and production disequilibria: on the employment consequences of new technologies Harald Hagemann 346

20 Capital and time Erich W. Streissler 367

21 Sequential analysis and out-of-equilibrium paths Mario Amendola Jean-Luc Gaffard 382

References 405

Name Index 433

Subject index 441

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)