Titlebook: Alvin Hansen; Seeking a Suitable S Robert J. Bigg Book 2023 The Editor(s) (if applicable) and The Author(s), under exclusive license to Spr

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Savings and Investment Analysis,tment cycle, and what drove that dynamism was his triumvirate of technological progress, territorial and natural resource expansion, and population growth. If one took savings as given, then the issues resolved to a failure to find or fill the profitable outlets for the nation’s savings. Whilst mone

窗簾等

On Keynes,n a goal for a meaningful measure of real income since the mid-1920s. Hansen’s review of Keynes’s . was at best lukewarm. He quarrelled with Keynes’s definitions of income, saving and investment suggesting that Robertson’s schema would have made the exposition clearer especially in regard to hoardin

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Money, Wages, and Prices,in its Fisherine form, this was largely an expository device. His own early preference was Aftalion’s tautological definition of the price level as the ratio of money to real income. For the pre-Keynesian Hansen the market would work eventually but the process was slow and hampered by institutional

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https://doi.org/10.1007/978-3-531-90412-2he took an instructor’s post at Brown before moving to Minnesota in 1919 to join the new School of Business. Having established his reputation there, when Harvard established a Graduate School of Public Administration 1936, his role as a policy economist made him an obvious choice as the first Litta