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Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/19; Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/20; Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/214; Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/251
Some scholars suggest that the directionality of the imperial boomerang needs to be re-evaluated. Political scientist Stuart Schrader argues for a colony-centered explanation to the boomerang effect, especially in the case of the United States where imperial and racial violence predates the heyday of the American empire. [16]
Robertson worked closely with John Maynard Keynes in the 1920s and 1930s, during the years when Keynes was developing many of the ideas that later were incorporated in his General Theory of Employment, Interest and Money. Keynes wrote that at that time, working with Robertson, it was good to work with someone who had a "completely first class ...
Created Date: 8/30/2012 4:52:52 PM
Download as PDF; Printable version; ... Boomerang effect may refer to: Boomerang effect (psychology) in ... Imperial boomerang in sociology and political science;
Bukharin's theory of imperialism is also notable for reintroducing the theory of a labor aristocracy in order to explain the perceived failure of the Second International. Bukharin argued that increased superprofits from the colonies constituted the basis for higher wages in advanced countries, causing some workers to identify with the ...
Without the savings, there is no pressure to lower interest rates, so there is no incentive for businesses to invest. In his theory on money he asserts that investment is an "undependable drive wheel for the economy," and when no new investment can be found, the economy will begin to falter. [5]
Macleod's principal contribution to the study of economics consists in his work on the theory of credit, to which he was the first to give due prominence. [3] A major feature of his work was to create a theory of money starting from a theory of credit instead of the usual reverse path. In The Theory of Credit he says: [16]