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MAP, a Market Anti-inflation Plan

MAP, a Market Anti-inflation Plan
Author: Abba Ptachya Lerner
Publisher: New York : Harcourt Brace Jovanovich
Total Pages: 148
Release: 1980
Genre: Business & Economics
ISBN:

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Monograph presenting a new plan to cure inflation and steady state economy - examines the nature, effects and causes of the problem, past remedies of regulation of money supply, wages and price control, and presents methodology, framework and practical applications of the new economic theory combining positive elements in monetary policy, fiscal policy and incomes policy with the use of market mechanism. Bibliography pp. 120 to 124 and statistical tables.


MAP

MAP
Author: Abba P. Lerner
Publisher:
Total Pages: 128
Release: 1980
Genre:
ISBN:

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A Market Anti-inflation Plan

A Market Anti-inflation Plan
Author: Abba Ptachya Lerner
Publisher:
Total Pages: 128
Release: 1980
Genre:
ISBN:

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Incentive Anti-inflation Plans

Incentive Anti-inflation Plans
Author: David C. Colander
Publisher:
Total Pages: 84
Release: 1981
Genre: Inflation (Finance)
ISBN:

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A Cure for Inflation

A Cure for Inflation
Author: Abba P. Lerner
Publisher:
Total Pages:
Release: 1978
Genre:
ISBN:

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Macroeconomic Market Incentive Plans

Macroeconomic Market Incentive Plans
Author: Kenneth Koford
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN:

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This paper explores the contemporary debate among economists on the means to move the economy toward high employment without inflation-beyond the traditional instruments of monetary and fiscal policy. The authors pay particular attention to the Market Anti-Inflation Plan (MAP), submitted by Lerner and Colander in 1980. The reasons economists have searched for alternative measures relate to the problems associated with wage and price controls. MAP is an anti-inflation plan that allows relative prices to adjust: The scheme increases costs to firms that raise prices, and contains an added incentive to lower prices. Since MAP is designed to fight macroeconomic inflation by changing the incentives of individual price setters, the relationship between microeconomic behavior and macroeconomic outcomes must be addressed. The theoretical justification for MAP is that there is a macroeconomic externality, and MAP can mitigate the ramifications of the externality. However, efforts to more clearly define the nature of this externality require a better understanding of transaction costs. Consequently, there will be the need for a mechanism to integrate such costs into microeconomic and macroeconomic models.


Political Economy and Contemporary Capitalism

Political Economy and Contemporary Capitalism
Author: Ron P. Baiman
Publisher: Routledge
Total Pages: 369
Release: 2015-02-12
Genre: Business & Economics
ISBN: 1317462688

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This volume covers the theoretical method, macroeconomics, microeconomics, international trade and finance, development, and policy of economic theory. It incorporates various alternative approaches as well as a broad spectrum of policy issues.


An Encyclopedia of Keynesian Economics, Second edition

An Encyclopedia of Keynesian Economics, Second edition
Author: Thomas Cate
Publisher: Edward Elgar Publishing
Total Pages: 705
Release: 2013-01-01
Genre: Business & Economics
ISBN: 1782546790

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Acclaim for the first edition: ÔThis easy-to-read collection . . . tells the whole story. Filled with short, well-written pieces, the encyclopedia covers the names and ideas that preceded Keynes, that carried his work to the center of the profession, and that eventually supplanted him there . . . There are excellent and unexpected articles on the Austrian school, the Lausanne school, and the Ricardo effect. There are well-done pieces on all the basic theoretical models at the heart of Keynesianism . . . [the] volume has been well put together. The editors deserve special praise for letting each contributor tell his own story. Those who oppose KeynesÕs ideas are just as well represented as those who carry the torch for him. This evenhandedness helps to ensure a volume that is truly representative and that will allow its users to get a full picture of the life and times of Keynesian economics.Õ Ð Bradley W. Bateman, Grinnell College, US ÔThe book will also be of some interest to serious scholars, partly because it includes biographies of many economists too young to have been included in the New Palgrave, such as Dornbusch, Fisher, Herschel Grossman, Kregel, Lucas, and Robert Townsend. It also includes some very interesting longer essays.Õ Ð Peter Howitt, The Economic Journal ÔThis book provides an excellent summary of the many strands of ÔKeynesianÕ- style thought both before and after 1936. Its well-considered entries take care to make explicit the assumptions and fundamental points of difference between theories too often concealed by the parents and advocates of specific theories in their zeal to promote the universality of the ideas. There is scarcely an entry that suffers from wordiness and repetition; the readerÕs scarce time is not abused.Õ Ð Elizabeth Webster, Economic Record ÔThis reviewer found using this source exhilarating and endowed with additional interest in view of the 1997 discussion on the inclusion or noninclusion of Keynesian economics in introductory economics textbooks. The editors should be applauded for helping to preserve a part of intellectual heritage.Õ Ð Bogdan Mieczkowski, American Reference Books ÔIt is the best single reference source on Keynesian economics and will be welcomed by students and teachers in economics as well as scholars in related social sciences and government policy makers.Õ Ð Educational Book Review This thoroughly revised and updated second edition of a highly acclaimed and authoritative reference work introduces the major concepts in the field of Keynesian economics. The comprehensive Encyclopedia features accessible, informative and provocative contributions by leading international scholars working in the tradition of Keynes. It brings together widely dispersed yet theoretically congruent ideas, presents concise biographies of economists who have contributed to the debate on Keynes and the Keynesian Revolution, and outlines the basic principles, models and tools used to discuss the economic consequences of The General Theory. Longer entries on specific topics associated with Keynes and the Keynesian Revolution analyse the principal factors that contributed to The General Theory, the economics of Keynes and the rise and apparent decline of Keynesian economics in greater detail. The second edition will ensure that An Encyclopedia of Keynesian Economics will remain the best single reference source on Keynesian economics and will continue to be welcomed by academics, students and teachers of economics as well as by scholars in related social sciences and government policymakers.


Interactions in Analytical Political Economy

Interactions in Analytical Political Economy
Author: Mark Setterfield
Publisher: Routledge
Total Pages: 294
Release: 2019-07-23
Genre: Business & Economics
ISBN: 1317467728

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In this interactive collection of essays, many of the leading proponents of analytical political economy examine major macroeconomic issues through the integration of mathematical analysis and non-neoclassical economic theory. The topics covered include the macroeconomics of the labor market, open economy issues, economic growth, and macroeconomic policy. The chapter-comment-reply format of the book creates a genuine dialogue on each theme, and evokes a sense of unfolding debate which draws the reader into the discussion.