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5. Jan. 2022 · It begins by devoting attention to Hansen’s understanding of stagnation as a cyclical process; a marked contrast to the term’s current usage. As discussed, the stagnation thesis is an outgrowth of what will be called Hansen’s ‘weakened-cycle hypothesis’, which he put forth in the final pages of his 1927 monograph Business-Cycle Theory ...
2. Juni 2016 · The paper presents a history of the concept of “secular stagnation”, from Alvin Hansen in the 1930s and 1940s to its recent revival by Larry Summers. We examine Hansen's ideas and those of young economists associated with him, notably Evsey Domar, Everett Hagen, Benjamin Higgins, Alan Sweezy, and Paul Samuelson, who were the economists who kept the doctrine alive in the 1950s and to whom ...
30. März 2017 · Guides like this one by Hansen are justified by the fact that the General Theory is undeniably very difficult to read. Paul A. Samuelson believes the broad significance of the General Theory to be in the fact that it provides a relatively realistic, complete system for analyzing the level of effective demand and its fluctuations. This made it ...
Alvin Harvey Hansen (1887-1975), an economist, was the Littauer Professor of Political Economy at Harvard University from 1937 to 1957. Hansen introduced Keynesian economics to the United States in the 1930s and played a significant role in creating the Social Security System and the Council of Economic Advisors. The Papers of Alvin Harvey ...
These curves have since become famously known as the IS-LM model and were popularized by a now-converted Alvin Hansen (1949, 1953). The IS-LM model has remained one of the most formidable pieces of pedagogic machinery and, as far as back-of-the-envelope diagrammatic reasoning is concerned, one of the most efficient ever devised in economics.
ALVINH.HANSEN'SCONTRIBUTIONS TOBUSINESSCYCLEANALYSIS E.CaryBrown No.515 March1989 massachusetts instituteof technology 50memorialdrive Cambridge,mass.02139. ALVINH.HANSEN'SCONTRIBUTIONS TOBUSINESSCYCLEANALYSIS E.GaryBrown No.515 March1989. AlvinH.Hansen' ...
This book examines the academic life of Alvin Hansen and his contribution to modern economics. Through tracing the development of his early work and pre-Keynesian ideas, the influence of Keynes and the 1937-8 recession on the direction of his work is explored, particularly in relation to his theoretical backing of the New Deal and subsequent American policy. The subsequent chapters focus on ...
