A. W. Bob Coats, 1924–2007

The paper shows that the conventional neoclassical interpretation of von Neumann's growth model cannot be sustained. Other than in models in the tradition of Walras and Cassel, in his model there is no given ‘capital’ endowment that constrains productive capacity and provides the basis, in terms of its relative ‘scarcity’, for a determination of the interest rate. Von Neumann's model is rather fully compatible with, and has been anticipated in all relevant aspects by, authors whose contributions can be strictly located within, the classical tradition. This concerns in particular the asymmetric treatment of the distributive variables. Finally it is argued that von Neumann's model may be interpreted as containing inter alia, an answer to the ideas put forward by his fellow-mathematician Robert Remark. Both circumstantial evidence and a careful textual comparison of Remak's paper on ‘superposed price systems’ and von Neumann's analysis support this interpretation.     

关于中国,关于.com

这是讲述一些人经历的书,这些人现在大部分被冠予"网络人"的称号.无论重视还是不重视、理解还是不理解,主动还是被动,所有人都会和Internet发生关系,只不过时间有早有晚只不过或者驾驭它,或者被它驾驭.但最终谁也跳不过,com,因为大家心里都清楚.这是一个所谓"新经济"到来的时代.谁也不想承担落伍的危险.     

在青岛,遇见Mr.树

新城·香溢紫郡二期新品Mr.树即将上市,建面约90—110平方米全阳光三房,献给不断向上的家。人的一生会遇见很多人,有种人,遇到就会很幸福。他是一位温文尔雅、勤奋向上的男士;他或许不帅。但讲究品位;他踏实可靠,随叫随到;他很少叹气,积极面对人生;他许多方面都很厉害,让人崇拜;他乐观努力。是公司骨干,也是孩子眼里的英雄……现而今。拥有一切美好素质的"他"来到青岛。世博园旁。金水河畔——Mr.树。惊艳了时光,温柔了岁月。     

No, Thanks.I’llTake theStairs

When a massive blackout hit New York in 2003, then 35-year-old Jamie Leone had no choice but to takethestairstoher28th-floorapart- ment . The next day, the elevators came back tolif,ebut Leone opted to keep on climbing-andstildloes,even though “my neighb…     

The economic content of G.D.H. Cole’s guild socialism: behavioral assumptions,institutional structure,and analytical arguments

Despite a utopian tendency, G.D.H. Cole’s Guild Socialist writings exhibit considerable economic content. After sketching the historical context of Cole’s Guild Socialism and its broad ideology, we address its economic content by: 1. Cataloging Cole’s assumptions concerning worker motivation and utilitarian norms; 2. Clarifying the economic problems Cole sets out to address; 3. Describing the institutional structures of Cole’s Guild Socialism; 4. Exploring Cole’s theoretical contributions and their relation to modern constructs such as the economics of the employment relationship; and 5. Evaluating the extent to which the resulting body of theory is coherent, non-trivial, and normatively attractive.     

Urbanization in China,ca. 1100–1900

This paper presents new estimates of the development of the urban population and the urbanization ratio for the period spanning the Song and late Qing dynasties. Urbanization is viewed, as in much of the economic historical literature on the topic, as an indirect indicator of economic development and structural change. The development of the urban system can therefore tell us a lot about long-term trends in the Chinese economy between 1100 and 1900. During the Song, the level of urbanization was high, also by international standards—the capital cities of the Song were probably the largest cities in the world. This remained so until the late Ming, but during the Qing there was a downward trend in the level of urbanization from 11%–12% to 7% in the late 18th century, a level at which it remained until the early 1900s. In our paper we analyse the role that socio–political and economic causes played in this decline, such as the changing character of the Chinese state, the limited impact of overseas trade on the urban system, and the apparent absence of the dynamic economic effects that were characteristic for the European urban system.     

The U.S. inflation process: Does nominal wage inflation cause price inflation,vice-versa,or neither?

Low unemployment has revived concerns about accelerated inflation. This paper examines the relationship between price and nominal wage inflation. It finds that it varies by business cycle. Prior to the great oil shock of 1973, price and nominal wage inflation were unconnected in a Granger-causal sense. In the 1970s, wage inflation caused price inflation. In the 1980s, the relationship reversed and price inflation caused nominal wage inflation. In the 1990s, the pattern has changed again, and there is some weak evidence of bidirectional causality between wages and PPI inflation. However, wages continue to have no impact on CPI inflation, which is widely viewed as one of the Fed's target variables. This suggests that wage inflation should be de-emphasized as a monetary policy information variable.