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30 produkter
30 produkter
Mass Production, the Stock Market Crash, and the Great Depression
The Macroeconomics of Electrification
Inbunden, Engelska, 1996
833 kr
Skickas inom 10-15 vardagar
Economists and historians have viewed the events of the 1920s, the stock market boom and crash, the Great Depression and the New Deal, as largely independent events. This work provides an integrated view of this important period arguing that all of these events were the result of the electrification of U.S. industry from 1910 to 1926. The author goes from electrification through the stock market boom to the tariffs of the late 20s to the stock market crash and depression followed by the National Industrial Recovery Act in 1933. The conclusion is that the NIRA is an attempt to correct the imbalance between production and consumption caused by industrial electrification.
1 039 kr
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In the aftermath of the stock market crash, Irving Fisher pointed to the electrification of the U.S. industry as one of the underlying causes of the stock market boom. Earlier, in 1927, Brookings Institution economists had lamented the scant attention energy had received from economists. Today, some 60 years later, power remains the forgotten factor input. In this book, the author incorporates energy into the corpus of economic analysis. Unlike previous attempts, which were mostly theoretical, this work generates testable predictions. The result is a model of production based on the two universal factor inputs—broadly defined energy and broadly defined organization.Once the model of production is developed, the book then tests an empirical model with data from U.S., German, and Japanese manufacturing. The results are used to reexamine the role of energy in productivity slowdown. When the empirically and theoretically correct model of production is used, the Solow residual disappears: growth in manufacturing value added is fully accounted for by growth in energy, capital, and labor.
1 039 kr
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The First and Second Industrial Revolutions were about energy: steam power revolutionized 19th-century Great Britain and electric power revolutionized 20th-century America. Yet political economy, the science of wealth born of the First Industrial Revolution, is devoid of energy, focusing instead on machinery or capital. According to basic mechanics, tools per se are not productive, as they are not source of energy. This book uses basic mechanics and thermodynamics to reexamine the rise of political economy as the science of wealth in the 19th and 20th centuries. The study shows that the failure of generations of political economists to formally incorporate energy into their models of production and distribution has led to the unfortunate state in which economics currently finds itself. With the inclusion of energy, important insights result. For instance, the Solow Residual in both 19th-century Great Britain and 20th-century America disappears.Unlike previous critiques of political economy, this analysis is constructive in nature, using past shortcomings and oversights as a springboard to a more consistent model of economic activity, especially production. The book is the first of its kind to use basic physics and thermodynamics as a guide to the First and Second Industrial Revolutions, and more importantly, to show how political economists from Smith to Fisher have attempted to understand these two energy-based Industrial Revolutions.
364 kr
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258 kr
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Power Prophets, Electric Unit Drive and Utility-Generated Power as Seen Through the Eyes of Early 20th Century Writers
Häftad, Engelska, 2019
450 kr
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181 kr
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181 kr
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Mass Production, the Stock Market Crash, and the Great Depression
The Macroeconomics of Electrification
Häftad, Engelska, 2004
248 kr
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183 kr
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175 kr
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Communication and Coordination Strategies
Essays on the Emergence and Evolution of Economic Complexity
Häftad, Engelska, 2005
278 kr
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158 kr
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196 kr
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178 kr
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How the Republicans Caused the Stock Market Crash of 1929
GPT's, Failed Transitions, and Commercial Policy
Häftad, Engelska, 2005
191 kr
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Economic Consequences of Mr. Keynes
How the Second Industrial Revolution Passed Great Britain By
Häftad, Engelska, 2006
190 kr
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175 kr
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170 kr
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272 kr
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861 kr
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This book provides a critical approach to the study of economic thought – from neoclassical economics, to Marxian economics, and to Keynesian economics – through the lens of science and the scientific method.It examines the collection of ideas that constitute the core of economic thought in the five basic fields of economics: growth theory, income distribution, macroeconomics, price theory and international trade. In each of these, the analysis is chronological, detailing the various events and developments that led scholars to inquire into the underlying mechanics of the phenomena in question. This is followed by a critical examination of the various scholarly contributions, including those of Nobel Prize laureates, in terms of their scientific merit. Each of the five core chapters begins with a listing of chapter objectives and ends with a summary, as well as discussion questions to encourage debate. Short excerpts from the key works are provided to allow the reader first-hand exposure to primary sources.Reinforcing the idea that economics is a scientific endeavor, Economics as Science: A Critical History of Economic Thought sets out to demonstrate the relevance of the tools and techniques students of economics acquire during their studies in understanding economic phenomena throughout the ages. It will be an invaluable resource for students of the history of economic thought and economics more generally.
2 490 kr
Skickas inom 10-15 vardagar
This book provides a critical approach to the study of economic thought – from neoclassical economics, to Marxian economics, and to Keynesian economics – through the lens of science and the scientific method.It examines the collection of ideas that constitute the core of economic thought in the five basic fields of economics: growth theory, income distribution, macroeconomics, price theory and international trade. In each of these, the analysis is chronological, detailing the various events and developments that led scholars to inquire into the underlying mechanics of the phenomena in question. This is followed by a critical examination of the various scholarly contributions, including those of Nobel Prize laureates, in terms of their scientific merit. Each of the five core chapters begins with a listing of chapter objectives and ends with a summary, as well as discussion questions to encourage debate. Short excerpts from the key works are provided to allow the reader first-hand exposure to primary sources.Reinforcing the idea that economics is a scientific endeavor, Economics as Science: A Critical History of Economic Thought sets out to demonstrate the relevance of the tools and techniques students of economics acquire during their studies in understanding economic phenomena throughout the ages. It will be an invaluable resource for students of the history of economic thought and economics more generally.
441 kr
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232 kr
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232 kr
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1 069 kr
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This is the first book to examine the “nuts and bolts” of production processes. It proposes a truly consilient approach to modeling production processes – one that goes beyond the vague principles found in standard economics – and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.
1 069 kr
Skickas inom 10-15 vardagar
This is the first book to examine the “nuts and bolts” of production processes. It proposes a truly consilient approach to modeling production processes – one that goes beyond the vague principles found in standard economics – and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.
445 kr
Skickas inom 7-10 vardagar
- Nyhet
693 kr
Kommande
This book examines the macroeconomic consequences of rapid process innovation during the 1920s and early 1930s through Albert Einstein’s writings on technological unemployment and purchasing power. It identifies a concrete, economy‑wide source of “technical progress” compatible with physical laws: the transition to electric unit drive and the rise of large‑scale, interconnected utilities, which increased machine speeds and effective rated capacity across U.S. industry. The author provides a structured framework that links physical principles to macroeconomic outcomes, an empirically grounded narrative on electrification and unit drive, and a concise reassessment of “technological unemployment” as a macro‑structural issue rather than a firm‑level anomaly.The study builds on a kinetics‑based account of wealth‑creating material processes and models production using classical mechanics, thermodynamics, and process engineering to show how acceleration raised measured productivity while firms faced aggregate‑demand constraints. It documents 1920s evidence on machine speed and acceleration, integrates these mechanisms into a macroeconomic model with acceleration, and revisits the 1930s policy debate on hours, wages, and institutional design. The analysis distinguishes Einstein’s diagnosis regarding technology‑driven labor displacement from his broader reflections on capitalism versus socialism, positioning both within the economic and intellectual history of the period. The book closes by outlining structural impediments to incomizing potential output, drawing lessons from the post‑1939 recovery, and clarifying where Einstein’s policy instincts align with the historical record.
1 411 kr
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This book is part of a new generation of work on the events of the 1920s and 1930s, one that provides a gestalt view of this period. As such, the many events that have until now been viewed as unrelated, are viewed as parts of a greater whole, namely the introduction of a new power drive technology in the form of electric unit drive and its effects. The Roaring Twenties, the spectacular growth of the 1920s, the Smoot-Hawley Tariff Act, the Stock Market Boom and Crash, the decline in investment expenditure, the ensuing depression and the National Industrial Recovery Act are all shown to be related.