Selected papers of Lawrence R. Klein : theoretical reflections and econometric applications / editor Kanta Marwah.

Format:

Book

Author/Creator:

Klein, Lawrence Robert.

Contributor:

Marwah, Kanta.

Series:

Econometrics in the information age ; vol. 1.

Econometrics in the information age ; vol. 1

Standardized Title:

Works. Selections. 1997

Language:

English

Subjects (All):

Econometrics.

Economics, Mathematical.

Physical Description:

1 online resource (706 p.)

Place of Publication:

Singapore ; River Edge, NJ : World Scientific, c1997.

Language Note:

English

Summary:

This volume contains selected papers of Lawrence R Klein in economics, econometric theory and applications in modeling, forecasting, macroeconomic analysis, international economics and public policy. Nobel Laureate Lawrence Klein's bibliography spans a half-century, including books, articles, and chapters in conference proceedings, festschriften, and thematic books. One such volume of solely scientific collections, mainly from his relatively early articles, has already been published. The present volume is different, it includes some articles, but largely chapters, or book excerpts that were m

Contents:

INTRODUCTION TO THE SERIES; CONTENTS; MORE ON ""FORTY YEARS OF 'RIGOROUS OBSERVATIONAL POSITIVISM'"" AND YEARS BEYOND; AN AUTOBIOGRAPHICAL RESEARCH COMMENTARY, CONTINUED; MY PROFESSIONAL LIFE PHILOSOPHY; Teaching; Research; Economic Policy; Other Professional Activities; Some Views on Economic Substance; References; PART I ECONOMIC THEORY RECONSIDERATIONS; EDITORIAL i; 1 SOME LAWS OF ECONOMICS; Some Great Ratios; Some Economic Laws; Some Qualitative Laws; Summary and Conclusion; 2 WHAT IS MACROECONOMICS?; Micro- and Macroeconomics Described; The Role of Distribution Theory

Macroeconomic PolicyReferences; 3 TECHNICAL APPENDIX; A Mathematical Model of the Treatise; Mathematical Derivation of the System of the General Theory; Mathematical Models of Keynesian and Classical Economics; The Long-Run Equilibrium; Notes to the Original Edition; Editorial Notes; 4 THE KEYNESIAN REVOLUTION REVISITED; The Meaning of the Keynesian Revolution; Extension of the Basic Model; A Reconsideration of The Keynesian Relationships; Summing Up the Keynesian Model; An Interpretation of the Keynesian Revolution in the Light of some Postwar Economic Developments

Extending the Scope of the System - Inflation, Fast Growth, and Underdeveloped EconomiesSummary; Editorial Notes; 5 THE NEOCLASSICAL TRADITION OF KEYNESIAN ECONOMICS AND THE GENERALIZED MODEL; Neoclassical Roots of Keynesian Economics; Keynesian Economic Policy and Current Economic Problems; Generalized Model for Generalized Policy; The Dismissal of Some Fads; References; Editorial Note; 6 THE KEYNESIAN REVOLUTION: FIFTY YEARS LATER, A LAST WORD; Responses to Participants in Pennsylvania's Economics Day, April 10, 1992; Edmund Phelps.; Albert Ando.; Thomas Cooley.; Peter Pauly.

Frank Diebold.Joel Popkin.; Alan Blinder.; Final comments.; PART II ECONOMETRIC MODELS AND METHODOLOGY; EDITORIAL ii; 7 ANTECEDENTS OF MACROECONOMETRIC MODELS; 1. Introduction; 2. Léon Walras and the Elements of Pure Economics; 3. Vilfredo Pareto's Version of General Equilibrium Economics; 4. Ragnar Frisch and Michal Kalecki; 5. Keynes, The General Theory, and the Revolutions in Macroeconomic Theory and Measurement

6. Statistical Testing of Keynesian Concepts Between the Publication of the General Theory and Tinbergen's Business Cycles in the United States of America, 1919-1932 (1937 to mid-1939)References; 8 A POSTWAR QUARTERLY MODEL: DESCRIPTION AND APPLICATIONS; Introduction; The Model; List of variables; Estimated equations; Discussion of the Equations; The consumption equations; The investment equations; The elements of nonwage income; Production functions; Wages, hours, and labor force; Orders and backlogs; Foreign trade; Money and interest; Prices; Identities; Applications - 1961 forecasts

Applications - The Recessions of 1953-54 and 1957-58

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9789812830333

9812830332