Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Economics
Working Paper No. 07, Evsey Domar And The Keynesian Tradition, Cesar Maldonado
Working Paper No. 07, Evsey Domar And The Keynesian Tradition, Cesar Maldonado
Working Papers in Economics
This inquiry seeks to establish that Evsey Domar extends Keynes’s thinking and in this manner helps to establish a post-Keynesian tradition. First, I shall consider Keynes’s ideas concerning problems facing market capitalism as appears in his book, The General Theory of Employment, Interest, and Money. Then I shall continue with this inquiry and consider Domar’s insights into expansion and employment and his concerns regarding capital accumulation, as well as his confronting a theory posited by Keynes concerning investment and employment, raising the issue of whether Keynes’s understanding is accurate. The last part of this inquiry deals with Domar’s concerns …
Working Paper No. 06, Towards A Veblenian Theory Of Economic Development: Drawing From Imperial Germany, Cesar Maldonado
Working Paper No. 06, Towards A Veblenian Theory Of Economic Development: Drawing From Imperial Germany, Cesar Maldonado
Working Papers in Economics
This inquiry summarizes and analyzes Thorstein Veblen’s explanations for Imperial Germany’s rapid industrialization. In his book Imperial Germany and the Industrial Revolution, Thorstein Veblen introduces a comprehensive understanding of processes affecting economic development. Technology transfer, human capital and state intervention are the variables that transformed an agrarian feudal Germany into industrialized Imperial Germany. Instead of developing technology over time by trial and error, Germany just transferred already established technology to their country. Since Germany had no established institution they could set up the most modern technologies. The machine process of the industrial system renders it easy to train workers …