Economics To-Learn - Revision history

Seth: /* Meaningful quote: */

2008-03-06T18:36:46Z

‎Meaningful quote:

Seth at 06:04, 5 March 2008

2008-03-05T06:04:02Z

Seth at 05:50, 5 March 2008

2008-03-05T05:50:00Z

Seth at 05:46, 4 March 2008

2008-03-04T05:46:41Z

Seth at 05:41, 4 March 2008

2008-03-04T05:41:59Z

Seth at 15:10, 3 March 2008

2008-03-03T15:10:51Z

Seth at 15:08, 3 March 2008

2008-03-03T15:08:38Z

Seth at 07:05, 3 March 2008

2008-03-03T07:05:18Z

Seth at 06:52, 3 March 2008

2008-03-03T06:52:49Z

New page

understand this:

"
The rise of the popularity of monetarism in political circles accelerated when Keynesian economics seemed unable to explain or cure the seemingly contradictory problems of rising unemployment and inflation in response to the collapse of the Bretton Woods system in 1972 and the oil shocks of 1973. On the one hand, higher unemployment seemed to call for Keynesian reflation, but on the other hand rising inflation seemed to call for Keynesian deflation. The result was a significant disillusionment with Keynesian demand management: a Democratic President Jimmy Carter appointed a monetarist Federal Reserve chief Paul Volcker who made inflation fighting his primary objective, and restricted the money supply to tame inflation in the economy. The result was the most severe recession of the post-war period, but also the creation of the desired price stability.
"

from wp:[http://en.wikipedia.org/wiki/Monetarism]

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 ====Meaningful quote:====
+"
- however, rates begin to rise once the demand for capital is re-established by growing economic activity.
+however, rates begin to rise once the demand for capital is re-established by growing economic activity.
 "[http://en.wikipedia.org/wiki/Yield_curve]
 ====Lots to read====

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 ====Market Failure====
 excellent, and all of its links
-http://en.wikipedia.org/wiki/Market_failure
+[http://en.wikipedia.org/wiki/Market_failure]

← Older revision		Revision as of 05:50, 5 March 2008
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	I've seen at least four spots where Hoover's raising taxes during the depression is the example cited for as the argument against government intervention in economy/busines cycle. What are other canonical examples for this argument. hoover has been beaten to death and that lesson has probably been learned, I need more arguments.		I've seen at least four spots where Hoover's raising taxes during the depression is the example cited for as the argument against government intervention in economy/busines cycle. What are other canonical examples for this argument. hoover has been beaten to death and that lesson has probably been learned, I need more arguments.
		+
		+
		+	====Market Failure====
		+	excellent, and all of its links
		+	http://en.wikipedia.org/wiki/Market_failure

← Older revision		Revision as of 05:46, 4 March 2008
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	Cycles between 1945 and the 1990s in the United States were generally more restrained and followed political factors, such as fiscal policy and monetary policy. Automatic stabilisation due to the government's budget helped defeat the cycle even without conscious action done by policy-makers;		Cycles between 1945 and the 1990s in the United States were generally more restrained and followed political factors, such as fiscal policy and monetary policy. Automatic stabilisation due to the government's budget helped defeat the cycle even without conscious action done by policy-makers;
	"[http://en.wikipedia.org/wiki/Business_cycle]		"[http://en.wikipedia.org/wiki/Business_cycle]
		+
		+
		+	====examples besides Hoover====
		+	"
		+	For instance, some of Herbert Hoover's efforts (including tax increases) are widely, though not universally, believed to have deepened the depression
		+	"
		+
		+	I've seen at least four spots where Hoover's raising taxes during the depression is the example cited for as the argument against government intervention in economy/busines cycle. What are other canonical examples for this argument. hoover has been beaten to death and that lesson has probably been learned, I need more arguments.

← Older revision		Revision as of 05:41, 4 March 2008
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	"		"
	from [http://en.wikipedia.org/wiki/Keynesianism the Keynes page]		from [http://en.wikipedia.org/wiki/Keynesianism the Keynes page]
		+
		+	====huh?====
		+	"
		+	Cycles between 1945 and the 1990s in the United States were generally more restrained and followed political factors, such as fiscal policy and monetary policy. Automatic stabilisation due to the government's budget helped defeat the cycle even without conscious action done by policy-makers;
		+	"[http://en.wikipedia.org/wiki/Business_cycle]

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-===understand this:===
+====understand this:====
+"
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+====Do i get this?====
-−
-−
-−
 ===Do i get this?===
 "Most economists favor the use of automatic stabilization over active or discretionary use of deficits to fight mild recessions (or surpluses to combat inflation)." [http://en.wikipedia.org/wiki/Deficit_spending]
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-===Meaningful quote:===
+. Independence of Consumption and current Income (life-cycle permanent income hypothesis)
+"
- however, rates begin to rise once the demand for capital is re-established by growing economic activity.
+from [http://en.wikipedia.org/wiki/Keynesianism the Keynes page]
-"[http://en.wikipedia.org/wiki/Yield_curve]

← Older revision		Revision as of 07:05, 3 March 2008
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	from wp:[http://en.wikipedia.org/wiki/Monetarism]		from wp:[http://en.wikipedia.org/wiki/Monetarism]
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		+	"Most economists favor the use of automatic stabilization over active or discretionary use of deficits to fight mild recessions (or surpluses to combat inflation)." [http://en.wikipedia.org/wiki/Deficit_spending]
		+
		+	is the idea here (surplus to combat inflation) that the gov is sitting on extra money, reducing supply and making available money worth more?