A Working Model of Slump and Recovery from Disturbances to Capital-goods Demand in a Closed Non-monetary Economy

Author(s):  
E. S. Phelps
2010 ◽  
Author(s):  
David M. Njus ◽  
Cynthia M. H. Bane ◽  
Laura Delikowski

2015 ◽  
Vol 42 (1) ◽  
pp. 1-9 ◽  
Author(s):  
P. G. Ayres

Isaac Bayley Balfour was a systematist specializing in Sino-Himalayan plants. He enjoyed a long and exceptionally distinguished academic career yet he was knighted, in 1920, “for services in connection with the war”. Together with an Edinburgh surgeon, Charles Cathcart, he had discovered in 1914 something well known to German doctors; dried Sphagnum (bog moss) makes highly absorptive, antiseptic wound dressings. Balfour directed the expertise and resources of the Royal Botanic Garden, Edinburgh (of which he was Keeper), towards the identification of the most useful Sphagnum species in Britain and the production of leaflets telling collectors where to find the moss in Scotland. By 1918 over one million such dressings were used by British hospitals each month. Cathcart's Edinburgh organisation, which received moss before making it into dressings, proved a working model soon adopted in Ireland, and later in both Canada and the United States.


1968 ◽  
Vol 8 (2) ◽  
pp. 226-239
Author(s):  
Barend A. De Vries

In the past two decades developing countries have invested an increasing proportion of their resources in new industries and the infrastructure needed to support them. Many of the new industries have been light, simple and con¬sumer-oriented. But a significant number of LDC's, mostly the larger or richer ones, have established heavy, more complex capital-goods industries. Both sectors of industry have been largely domestic-oriented, although there are some LDC's which have succeeded in sharply increasing their industrial exports, mostly of light and simple products. The absence of export success may, in itself, cast a doubt on the effici¬ency and competitiveness of the new industries. The question has been raised in several quarters whether, in fact, the resources spent on industrialization have been well spent or whether the LDC's could have achieved more growth—in domestic product or export earnings—by a different design of industrialization or by more emphasis on other sectors. These questions are of special relevance for the newly-established capital-goods industries, because:


2011 ◽  
Vol 30 (10) ◽  
pp. 2481-2485
Author(s):  
Yu-ting Zhang ◽  
Jian-xin Liao ◽  
Zhong Dai ◽  
Xiao-min Zhu ◽  
Wei Wu

1988 ◽  
Author(s):  
Kenneth R. Allison

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