Lectures in Macroeconomics

2019 ◽  
Author(s):  
Kazimierz Łaski
Keyword(s):  
Economic Growth ◽  
World War Ii ◽  
Aggregate Demand ◽  
Policy Implications ◽  
Total Output ◽  
World War ◽  
The Government ◽  
Main Components ◽  
Distribution Of Income

These lectures in macroeconomics explain the theory and policy implications of macroeconomics in a systematic and logically consistent way. Central to this analysis is the principle of aggregate demand as formulated by the Polish economist Michał Kalecki, who is best known as the originator, along with Keynes, of the Keynesian Revolution in macroeconomics. The lectures cover the main components of aggregate demand, showing the key importance of firms’ investment for total output, employment, and economic growth in both closed and open economies. The main influences on investment are explained and how, through the circular flow of income and expenditure, investment generates profits in the economy. However, investment is unstable and the government therefore has a central role in stabilizing such an economy at high rates of employment. Along with investment, the labor market and wages then determine the distribution of income. This leads on to an examination of the role of money and finance in the contemporary capitalist economy. The analysis is illustrated with statistics and a survey of the evolution of capitalist economies since World War II, along with critical observations on the neoclassical approach to economics.

Theorizing About Post-Keynesian Economics in Australasa

2013 ◽  
pp. 411-435
Author(s):  
Paul Dalziel ◽  
J. W. Nevile
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Monetary Policy ◽  
World War Ii ◽  
Fiscal Policy ◽  
Aggregate Demand ◽  
World War ◽  
Keynesian Economics ◽  
Low Levels ◽  
Monetary And Fiscal Policy

There was much in common in the development of post-Keynesian economics in Australia and New Zealand, but there were also many differences. Both countries shared a common heritage in higher education. In the first twenty-five years after World War II, both countries adopted broadly Keynesian policies and experienced very low levels of unemployment. Increasingly over these years more theorizing about macroeconomic policy had what now would be called a post-Keynesian content, but this label was not used till after the event. In both countries, apart from one important factor, the experience of actual monetary policy and theorizing about it were similar. Keynesian ideas were more rapidly adopted in Australia than in many other countries. Not surprisingly for a couple of decades after 1936, analysis of policy and its application was Keynesian rather than post-Keynesian, with fiscal policy playing the major role. The conduct of both monetary and fiscal policy depends on the theory of inflation. This chapter examines post-Keynesian economics in Australasia, focusing on aggregate demand, economic growth, and income distribution policy.

scholarly journals ARCHBISHOP STEPINAC, THE INDEPENDENT STATE OF CROATIA AND WESTERN ALLIES

1970 ◽  
pp. 272-293
Author(s):  
MILAN KOLJANIN ◽  
DRAGICA KOLJANIN
Keyword(s):  
World War Ii ◽  
Military Intervention ◽  
World War ◽  
Independent State ◽  
Holy See ◽  
Government Relations ◽  
The Government

There are various doubts and ambiguities regarding the dispatch of the memorandum by the Government of the Independent State of Croatia (ISC) to the Western Allies asking for military intervention in early May 1945, giving rise to different interpretations in historiography. These varying interpretations are related to the circumstances of the dispatch of the memorandum, its text, the actions of prominent representatives of the Ustasha government, relations between the new Yugoslav authorities and Western allies, especially the British and the role of Archbishop Stepinac and the Holy See in the ISC. In order to understand the memorandum, it is necessary to consider the most important political and military circumstances at the end of World War II in Yugoslavia, especially the politics of the new Yugoslavia and the Western powers, primarily the British. The representatives of the Holy See in the ISC and the Archbishop of Zagreb, Alojzije Stepinac, played an important role in efforts to preserve the Ustasha state. This paper was written based on unpublished and published archival sources and relevant historiographical literature.

The Rate of Profit, Aggregate Demand, and the Long Economic Expansion in the United States since 2009

2019 ◽  
Vol 51 (4) ◽  
pp. 525-535
Author(s):  
David M. Kotz
Keyword(s):  
United States ◽  
World War Ii ◽  
Aggregate Demand ◽  
The United States ◽  
Jel Classification ◽  
World War ◽  
Economic Expansion ◽  
Asset Bubbles ◽  
Rate Of Profit

The current economic expansion in the United States, which began in the summer of 2009, has lasted for more than nine years as of this writing, making it the second longest expansion since the end of World War II. The previous two expansions, of the 1990s and 2000s, were prolonged by big asset bubbles, which have played a key role in the neoliberal era in promoting long economic expansions. However, the current expansion has not seen an asset bubble large enough to significantly affect the macroeconomy. This paper examines the expansion since 2009 by analyzing the movements of the rate of profit, and its determinants, and the role of aggregate demand, with the aim of determining the factors that have kept crisis tendencies at bay so far. JEL Classification: E32, E30, E11, E02

scholarly journals Foreign policy factor in State-Church relations in the Soviet Union during World War II and early post-war

2020 ◽  
Vol 38 (Especial II) ◽  
pp. 170-179
Author(s):  
Ruslan Rustamovich Ibragimov ◽  
Aivaz Minnegosmanovich Fazliev ◽  
Chulpan Khamitovna Samatova ◽  
Boturzhon Khamidovich Alimov
Keyword(s):  
Foreign Policy ◽  
World War Ii ◽  
Russian Orthodox ◽  
Orthodox Church ◽  
World War ◽  
Russian Orthodox Church ◽  
Wide Range ◽  
The Government ◽  
Post War

The objective of the research was to study Russian State and Orthodox church relations in the context of world war II and the early post-war years. The line of this article is due to the important role of the Russian Orthodox Church in the history, modern political and cultural life of Russia. In this sense, the period of State-Church relations in the USSR during world war II, known in Russia as a great patriotic war, is of great scientific interest because it was the time when the government was forced to make adjustments to its religion policy. Methodologically based on a wide range of documentary sources, the authors of the article have identified the place and role of the Russian Orthodox Church in the foreign policy of the USSR during the approach. In this sense, it is felt that the role of the Russian Orthodox Church in building relations with the allies of the anti-Hitler coalition and its place in the expansion of the Soviet political system in Eastern Europe was of paramount importance as a foreign policy factor.

scholarly journals The Relationship between Economic Growth and Misery Index: Evidence from Transition Countries

2020 ◽  
Author(s):  
Ebru Çağlayan Akay ◽  
Zamira Oskonbaeva
Keyword(s):  
Economic Growth ◽  
Transition Countries ◽  
Annual Data ◽  
Policy Makers ◽  
Panel Ardl ◽  
Long Run ◽  
Misery Index ◽  
The Government ◽  
Main Components

Unemployment and inflation, the main components of the misery index, continue to be vital macroeconomic problems, which draw researchers’ attention both in developed and developing countries. The study investigates the interaction among economic growth and misery index in the selected transition countries using Panel ARDL. In the study, annual data for the period of 1996-2017 of selected 16 transition countries are used. The findings of the study show that there is a long-run relationship between the misery index and economic growth. In other words, it can be concluded that economic misery deteriorates economic growth. If the economy is to be sustainably improved, the misery index should be taken into account. The government needs a policy of decreasing inflation and unemployment, which is one of the fundamental macroeconomic policy priorities. This study may provide policy-makers with new insights to evaluate the role of economic misery in enhancing economic growth in transition countries.

The Belarusian Model of Economic Transition and Industrialization

2020 ◽  
Vol 19 (3) ◽  
pp. 359-382
Author(s):  
Min Young Song ◽  
Jai S. Mah
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic Transition ◽  
Manufacturing Sector ◽  
Policy Implications ◽  
Quick Recovery ◽  
Rapid Economic Growth ◽  
Tariff Rates ◽  
The Government

Abstract This article discusses the economic development of Belarus, which took the gradualist approach in transition. Rejecting the Washington Consensus—based reform, Belarus experienced a quick recovery during the 1990s and rapid economic growth during the early to mid-2000s. The government took various policy measures to ensure the structure of a centrally planned economy. These measures included price control, emphasis on the large state-owned enterprises, restrictions on foreign direct investment (FDI) inflows, and tariff protection. Facing limits to economic growth since the late 2000s, the government has undertaken liberalization measures including price decontrol, promotion of small and medium-sized enterprises, derestriction of FDI inflows, and trade liberalization. In the meantime, realizing the role of industrialization, it placed an emphasis on development of the manufacturing sector by lowering tariff rates imposed on capital goods. Finally, the article provides policy implications for the other developing and transition economies pursuing economic development in light of the experience of Belarus.

Role of Civil Society in Democratic Consolidation in Pakistan and Turkey

2019 ◽  
Vol 3 (1) ◽  
pp. 83-90
Author(s):  
Samina Batool ◽  
Amna Mahmood ◽  
Amin Ullah
Keyword(s):  
World War Ii ◽  
Civil Society ◽  
World War ◽  
Civil Society Organisations ◽  
Turkish Politics ◽  
Social Mobilisation ◽  
The Government ◽  
Democratic Norms ◽  
Modern Era

In the modern era, the role of civil society cannot be ignored in the development of a country. In the democratic arena, it compels the undemocratic elements to follow democratic norms in a given society and keeps a vigilant watch on the activities of the government. This article, apart from the conceptual clarification of civil society and democracy, throws light on how civil society played its role in the promotion of democratisation in Pakistan and Turkey. In Pakistan, civil society is considered as an umbrella phrase for a range of non-state and non-market citizen organisations and initiatives, network, and unions operating in an expansive gamut. The civil society in Pakistan has been flawed by the structural dynamics of state consolidation from the beginning. In current years, nevertheless, civil society organisations have proven to be stronger and dedicated but is still at a developing stage. Looking at the Turkish politics after the World War II, it has been under the influence of rapid democratisation as well as social mobilisation. It also precipitated the delivery of services to the neglected periphery of society.

John Cranko's Antigone (1959): A Ballet Lost and Found

2015 ◽  
Vol 33 (1) ◽  
pp. 1-15
Author(s):  
Henrietta Bannerman
Keyword(s):  
World War Ii ◽  
Jean Racine ◽  
World War ◽  
Martha Graham ◽  
Detailed Consideration ◽  
Lost And Found ◽  
The Many ◽  
Tragic Drama ◽  
The Relationship

John Cranko's dramatic and theatrically powerful Antigone (1959) disappeared from the ballet repertory in 1966 and this essay calls for a reappraisal and restaging of the work for 21st century audiences. Created in a post-World War II environment, and in the wake of appearances in London by the Martha Graham Company and Jerome Robbins’ Ballets USA, I point to American influences in Cranko's choreography. However, the discussion of the Greek-themed Antigone involves detailed consideration of the relationship between the ballet and the ancient dramas which inspired it, especially as the programme notes accompanying performances emphasised its Sophoclean source but failed to recognise that Cranko mainly based his ballet on an early play by Jean Racine. As Antigone derives from tragic drama, the essay investigates catharsis, one of the many principles that Aristotle delineated in the Poetics. This well-known effect is produced by Greek tragedies but the critics of the era complained about its lack in Cranko's ballet – views which I challenge. There is also an investigation of the role of Antigone, both in the play and in the ballet, and since Cranko created the role for Svetlana Beriosova, I reflect on memories of Beriosova's interpretation supported by more recent viewings of Edmée Wood's 1959 film.

Painted Memories

2007 ◽  
Vol 7 (4) ◽  
pp. 26-29
Author(s):  
mayer kirshenblatt ◽  
barbara kirshenblatt-gimblett
Keyword(s):  
World War Ii ◽  
World War ◽  
Daily Diet ◽  
The Holocaust ◽  
Yom Kippur ◽  
Root Vegetables

Mayer Kirshenblatt remembers in words and paintings the daily diet of Jews in Poland before the Holocaust. Born in 1916 in Opatóów (Apt in Yiddish), a small Polish city, this self-taught artist describes and paints how women bought chickens from the peasants and brought them to the shoykhet (ritual slaughterer), where they plucked the feathers; the custom of shlogn kapores (transferring one's sins to a chicken) before Yom Kippur; and the role of herring and root vegetables in the diet, especially during the winter. Mayer describes how his family planted and harvested potatoes on leased land, stored them in a root cellar, and the variety of dishes prepared from this important staple, as well as how to make a kratsborsht or scratch borsht from the milt (semen sack) of a herring. In the course of a forty-year conversation with his daughter, Barbara Kirshenblatt-Gimblett, who also interviewed Mayer's mother, a picture emerges of the daily, weekly, seasonal, and holiday cuisine of Jews who lived in southeastern Poland before World War II.

THE ROLE AND ROLE OF OIL POLICY IN SAUDI ARABIA IN POST WORLD WAR II ECONOMIC LIFE

2019 ◽  
Vol 20 (2) ◽  
pp. 37-41
Author(s):  
Maftuna Sanoqulova ◽  
Keyword(s):  
Saudi Arabia ◽  
World War Ii ◽  
Economic Life ◽  
World War ◽  
Post World War Ii ◽  
The World ◽  
History Of ◽  
Oil Policy

This article consists of the politics which connected with oil in Saudi Arabia after the World war II , the relations of economical cooperations on this matter and the place of oil in the history of world economics

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