Selected Essays

Gottfried Haberler

За особеностите на екземпляра

Състояние:: Много добро
Забележка:: Почти отлично състояние. Отчислена от библиотека.
Език:: Английски
Наличност:: 1 бр.

За изданието

Издателство:: MIT Press
Град на издаване:: Cambridge, MA & London
Година:: 1985 г.
Език:: Английски
Страници:: 668
Корици:: Твърди
Категория:: Икономика, бизнес и финанси

Summary Gottfried Haberler's contributions to the field of international trade and finance began in the 1920s with a seminal paper on comparative costs. His continuing contributions to open economy analysis, development, business cycles and inflation, the theory of money, and rational expections are highlighted in this selection of 27 essays spanning the years 1925 to 1980. The essays are divided into five major sections, representing the subdisciplines of Haberler's most significant work. The first section on international trade contains his work on comparative costs, comparative advantage, and the location of production and international trade. A section on international finance deals with the state of the international monetary system under conditions of world recession, control over international reserve, U.S. balance-of-payments policy, currency depreciation and the terms of trade, and transfer and price movements. The topic of inflation and business cycles is covered in the third section, with essays on income policies, stagflation, and the Great Depression, and the international transmission of inflation. Section four deals with economic development, and the concluding section contains essays on the theory of money and general macroeconomic theory. Several articles are translated here for the first time and there is a complete bibliography of Haberler's work up to 1980. Gottfried Haberler is one of the true giants of economic thought in the 20th century. Indeed, it is hard to understand why he has not yet been awarded the Nobel prize for his many fundamental contributions to macroeconomics and international economic theory and policy analysis. With the publication of this set of his articles, the magnitude and diversity of his contributions can be much more conveniently appreciated. While one can always second-guess the precise composition of the set included, Anthony Y. C. Koo has done an excellent job in his selection. When combined with his two classic books, The Theory of International Trade and Prosperity and Depression, this collection offers an excellent overview of Haberler’s contributions to modern economic analysis. The value of these three volumes is by no means limited to those interested in the history of modern economic thought. It is remarkable how relevant to the major economic issues of the day a high proportion of Haberler’s work remains. Indeed, as he nears 90, Haberler continues to contribute to the clarification ofcontemporary policy debates with his traditional combination of insight, common sense, and graceful exposition. I was pleased that several of his more recent contributions to policy debates have been included in this book. The volume is divided into five parts reflecting Haberler’s major contributions: international trade, international finance, economic development, inflation and business cycles, and monetary theory. The placement of particular articles seems somewhat arbitrary; one of Haberler’s greatest strengths has been his attention to the interrelationships among topics that had been traditionally segregated—for example, his emphasis on the role of trade in development and on the international aspects of domestic inflation and macroeconomic policies. In summary, this is a wonderful book honoring a great economist. Other economists can learn a great deal about how to do economics from studying the progression of Haberler’s contributions, and all those interested in the problems facing our domestic and international economies can benefit from reading the substantial number of policy essays included in this volume. If those who are not already familiar with Haberler’s work will take the short time necessary to read the lastessay in this volume, I confidently predict that a high proportion will be stimulated to read further. Thomas D. Willett