Inflation, Open Economies and Resources: The Collected Writings of Paul Davidson, Volume 2

Front Matter....Pages N1-xii
Front Matter....Pages 1-1
A Clarification of the Ricardian Rent Share....Pages 3-10
Increasing Employment, Diminishing Returns, Relative Shares and Ricardo....Pages 11-13
Inequality and the Double Bluff....Pages 14-24
A Discussion of Leijonhufvud’s Social Consequences of Inflation....Pages 25-30
Is There a Shortage of Savings in the United States? The Role of Financial Institutions, Monetary and Fiscal Policy in Capital Accumulation During Periods of Stagflation....Pages 31-77
Incomes Policy as a Social Institution....Pages 78-86
Policies for Prices and Incomes....Pages 87-93
Can Effective Demand and the Movement Toward Further Income Equality be Maintained in the Face of Robotics?....Pages 94-96
Only in America: Neither the Homeless nor the Yachtless are Economic Problems....Pages 97-98
Markets and Governments: the Comparison of Means and Objectives Under Different Economic Systems....Pages 99-111
Front Matter....Pages 113-113
Causality in Economics....Pages 115-122
Rational Expectations: a Fallacious Foundation for Studying Crucial Decision Making Processes....Pages 123-138
User Cost....Pages 139-143
Shackle and Keynes vs Rational Expectations Theory on the Role of Time, Liquidity and Financial Markets....Pages 144-158
A Technical Definition of Uncertainty and the Long-run Non-neutrality of Money....Pages 159-170
Is Probability Theory Relevant for Uncertainty? A Different Perspective....Pages 171-192
Front Matter....Pages 193-193
Monetary Policy, Regulation and International Adjustments....Pages 195-209
International Money and International Economic Relations....Pages 210-224
Liquidity Proposals for a New Bretton Woods Plan....Pages 225-235
Is Free Trade Always the Right Policy?....Pages 236-242
Front Matter....Pages 193-193
Monetary Theory and Policy in a Global Context with a Large International Debt....Pages 243-272
Front Matter....Pages 273-273
Public Policy Problems of the Domestic Crude Oil Industry....Pages 275-298
Public Policy Problems of the Domestic Crude Oil Industry: Rejoinder....Pages 299-310
The Depletion Allowance Revisited....Pages 311-318
Oil: Its Time Allocation and Project Independence....Pages 319-352
The Relations of Economic Rents and Price Incentives to Oil and Gas Supplies....Pages 353-406
The Price System, Conglomerate Energy Companies and OPEC....Pages 407-421
Divestiture and the Economics of Energy Supplies....Pages 422-443
The Economics of Natural Resources....Pages 444-453
The Carter Energy Proposal....Pages 454-455
The United States Internal Revenue Service: the Fourteenth Member of OPEC?....Pages 456-465
Oil Conservation: Theory vs Policy....Pages 466-469
Front Matter....Pages 471-471
The Social Value of Water Recreational Facilities Resulting From an Improvement in Water Quality in an Estuary....Pages 473-509
An Exploratory Study to Identify and Measure the Benefits Derived From the Scenic Enhancement of Federal-Aid Highways....Pages 510-515
The Valuation of Public Goods....Pages 516-541
An Analysis of Recreational Use of the TVA Lakes....Pages 542-550
The Economic Benefits Accruing from the Scenic Enhancement of Highways....Pages 551-572
Front Matter....Pages 573-573
Testimony Before the House of Representatives Committee on Ways and Means (6 March 1975)....Pages 575-588
Competition in Communications....Pages 589-603
The Future of the Three Rs: Regulations, Reserves and Reaganomics....Pages 604-612
Back Matter....Pages 613-618