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Economic Laws and Economic History : Raffaele Mattioli Lectures - Charles Poor Kindleberger

Economic Laws and Economic History

Raffaele Mattioli Lectures

Paperback Published: 22nd September 1997
ISBN: 9780521599757
Number Of Pages: 208

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This book is essentially an exercise in methodology, addressed to economists and economic historians alike. Too many economists discover a relationship or a uniformity in economic behavior, develop a model, and use it to explain more than it is capable of, including on occasion all economic behavior. In Economic Laws and Economic History Charles Kindleberger makes a powerful case against the idea that any one model or law could be used to unlock the basic secrets of economic history.

'This method of opening views, connecting apparently non-related things, combined with a stupendous knowledge of European economic history makes this book particularly valuable. Putting familiar things in a new context and extending narrow effects to powerful general principles is refreshing and sometimes bold.' Homo oeconomicus

Prefacep. ix
Engel's Lawp. 3
Introductionp. 3
Engel's law and growthp. 4
Engel's law as a general law of consumptionp. 7
The Gompertz curve and the law of transformation as generalizations of Engel's lawp. 12
Limits of the generalizations of Engel's law as explanations of take-off stages in growth processesp. 15
The Iron Law of Wagesp. 21
The Lewis growth modelp. 21
An application to Western Europep. 24
The Lewis model and United States' growthp. 31
Lewis model and "Europe's Postwar Growth"p. 34
The case when there is no exogenous source of growthp. 40
Gresham's Lawp. 43
Introductionp. 43
Market instability for different moniesp. 46
Market instability and bank-note convertibilityp. 52
Market instability and two central-bank reserve currenciesp. 55
Real and financial assets: a generalized market instability problemp. 60
The Law of One Pricep. 67
Introductionp. 67
Markets and transportp. 69
Economic integration and factor-price equalizationp. 74
Economic integration and money and capital marketsp. 77
Economic integration and the elimination of intermediary marketing stepsp. 79
The role of arbitragep. 82
The problem of foreign direct investmentp. 85
The optimum economic areap. 87
Conclusionsp. 92
Discussionp. 93
Carlo De Cugisp. 95
Luigi Pasinettip. 96
Giacomo Becattinip. 100
Carlo Filippinip. 104
Bruno Jossap. 106
Angelo Portap. 110
Pietro Manesp. 113
Fabrizio Onidap. 114
Francesco Silvap. 115
Giovanni Bellonep. 116
Giuliano Mussatip. 117
Commentsp. 119
Biography of Charles P. Kindlebergerp. 129
Biographical Notep. 131
Bibliographyp. 141
Referencesp. 161
Indexp. 177
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780521599757
ISBN-10: 052159975X
Series: Raffaele Mattioli Lectures
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 208
Published: 22nd September 1997
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.2
Weight (kg): 0.37

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