Keynes: Trade Cycle from General Theory of Employment Interest Money
Veröffentlicht: 1. Dezember 2011 Abgelegt unter: Buch-Tipps & Literatur-Empfehlungen, John Maynard Keynes | Tags: The General Theory Hinterlasse einen KommentarThe General Theory of Employment, Interest and Money
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Book I – Introduction
Chapter 1: The General Theory
Chapter 2: The Postulates of the Classical Economics
Chapter 3: The Principle of Effective Demand
Book II – Definitions and Ideas
Chapter 4: The Choice of Units
Chapter 5. Expectation as Determining Output and Employment
Chapter 6. The Definition of Income, Saving and Investment
Appendix on User Cost
Chapter 7. The Meaning of Saving and Investment Further Considered
Book III – The Propensity to Consume
Chapter 8. The Propensity to Consume: I. The Objective Factors
Chapter 9. The Propensity to Consume: II. The Subjective Factors
Chapter 10. The Marginal Propensity to Consume and the Multiplier
Book IV – The Inducement to Invest
Chapter 11. The Marginal Efficiency of Capital
Chapter 12. The State of Long-term Expectation
Chapter 13. The General Theory of the Rate of Interest
Chapter 14. The Classical Theory of the Rate of Interest
Appendix on the Rate of Interest in Marshall and Ricardo
Chapter 15. The Psychological and Business Incentives to Liquidity
Chapter 16. Sundry Observations on the Nature of Capital
Chapter 17. The Essential Properties of Interest and Money
Chapter 18. The General Theory of Employment Re-stated
Book V – Money-Wages and Prices
Chapter 19. Changes in Money-Wages
Appendix on Prof. Pigou’s Theory of Unemployment
Chapter 20. The Employment Function
Chapter 21. The Theory of Prices
Book VI – Short Notes Suggested by the General Theory
Chapter 22. Notes on the Trade Cycle
Chapter 23. Notes on Merchantilism, the Usury Laws, Stamped Money and Theories of Under-consumption
Chapter 24: Concluding Notes on the Social Philosophy towards which the General Theory might Lead
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Sparkassen müssen 850 Millionen Euro abschreiben
Veröffentlicht: 1. Dezember 2011 Abgelegt unter: DEUTSCHLAND - GERMANY, Finanzprodukte und Politik, Sparkassen | Tags: Abschreibung, BayernLB, Georg Fahrenschon, griechische Staatsanleihen, Landesbank Berlin Hinterlasse einen KommentarSparkassen müssen 850 Millionen Euro abschreiben
Schock für die Sparkassen: Die Institute müssen eine Abschreibung von 850 Millionen Euro auf den Wert der Landesbank Berlin vornehmen. Der neue Präsident Georg Fahrenschon muss gleich eine Krise bewältigen.
Handelsblatt – 01.12.2011, 13:34
The Euro and European Economic Conditions
Veröffentlicht: 1. Dezember 2011 Abgelegt unter: Martin Feldstein | Tags: Eurozone Hinterlasse einen KommentarThe Euro and European Economic Conditions
by Martin S. Feldstein – National Bureau of Economic Research
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The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the large trade deficits that now exist in most Eurozone countries. Although the European Central
Bank managed the euro in a way that achieved a low rate of inflation, other countries both in Europe and elsewhere have also had a decade of low inflation without incurring the costs of a monetary union.
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The emergence of these problems just a dozen years after the start of the euro in 1999 was not an accident or the result of bureaucratic mismanagement but the inevitable consequence of imposing a single currency on a very heterogeneous group of countries, a heterogeneity that includes not only economic structures
but also fiscal traditions and social attitudes.
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This paper reviews
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- (1) the reasons for these economic problems
- (2) the political origins of the European Monetary Union
- (3) the current attempts to solve the sovereign debt problem
- (4) the long-term problem of inter-country differences of productivity growth and competitiveness
- (5) the special problems of Greece and Italy
- (6) and the pros and cons of a Greek departure from the Eurozone.
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Martin S. Feldstein – Harvard – PDF [18 pages]
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