Time and Money: The Macroeconomics of Capital Structure

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Garrison overlooks the D-Zmodel of chapter 20( 21) of the GT

Time and Money - New ground in Macroeconomic Modelling

Absolutely Incredible

Worth the Time-Too much Money

Time and Money: The Macroeconomics of Capital Structure
Roger Garrison
Manufacturer: Routledge
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books
Macroeconomics | Economics | Business & Investing | Subjects | Books
All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

The Structure of Production

Capital in Disequilibrium: The Role of Captial in a Changing World (Foundations of the Market Economy Series)

The Theory of Monetary Institutions

Capital and Production

The Pure Theory of Capital (The Collected Works of F. A. Hayek)

ASIN: 0415771226

Book Description

EM Time and Money /EM argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.

Customer Reviews:

Garrison overlooks the D-Zmodel of chapter 20( 21) of the GT.......2005-04-10

Garrison(G)comes as close as Allan Meltzer did ,in his 1989 book on Keynes, to writing a definitive ,balanced critique of the General Theory(1936;GT).Unfortunately,Garrison failed,like Meltzer,to integrate the mathematical generalization of classical and neoclassical(c-nc) theory presented by Keynes in chapters 20 and 21 of the GT.The major conclusion of Keynes's analysis,which I will present below,establishes the special case nature of c-nc theory.Garrison appears to be the first academic economist to have grasped the necessity to explicitly(Samuelson[1948] and Meltzer[1989] present a rudimentory discussion) make use of production possibilities frontier curves(PPF'S)in order to grasp diagramatically what Keynes's argument was.Throughout this book(see,for example,pp.43-45,137-139,and chapter 7),Garrison carefully attempts to present Keynes's case while ,at the same time,contrasting that case with the case for Hayek,all the time resorting to an exposition based on PPF'S.Essentially,Keynes emphasizes what can go wrong in a capitalist production framework while Hayek emphasizes what can go right.Garrison is mistaken on p.170 when he claims that Keynes's liquidity preference theory has no effect on the total production of consumption and investment goods.Garrison's error is in concentrating only on the Y-multiplier model of chapter 10.Keynes uses both the Y-multiplier and the D-Z models of chapters 20 and 21 to derive the following result:w/p=mpl/(mpc+mpi),where w/p is the real wage,mpl is the marginal product of labor derived from an aggregated neoclassical production function,mpc is the marginal propensity to spend on consumption goods ,and mpi is the marginal propensity to spend on investment goods.If mpc+mpi <1,you automatically obtain any one of a number of different possible unemployment equilibriums,each associated with a certain amount of involuntary unemployment where it will be impossible for labor,as a whole,to cut its money wage.The major reason for this is liquidity preference as a response to uncertainty and ignorance.Keynes(A Treatise on Probability,1921,chapter 26), Ellsberg(Risk,Ambiguity and Decision,2001,1963) and Dixit-Pindyck ("real options" approach) are the only economists who have provided technical analysis that would allow the impact of uncertainty and ignorance on aggregate investment to be incorporated in formal,decision theoretic models at the macroscopic level.Garrison,like Hayek before him,is unable to formally model the impact of uncertainty and ignorance on investment at the macroscopic level.Garrison repeats the errors of Hayek in attempting to discuss a theory of capital that abstracts from uncertainty.Garrison is ,of course,correct that if there is no uncertainty(ambiguity)then there will be no involuntary unemployment. Only in the case where mpc+mpi=1 will the c-nc theory be operational.As pointed out by G,this is some point on the PPF boundary.This is where neoclassical and Austrian economic theory comes into play-explaining the underlying process over time that results in the picking of a (the) particular mix of consumption and investment goods,given resource scarcity,that businessmen will produce for sale in a free market.

Time and Money - New ground in Macroeconomic Modelling.......2002-03-03

Finally, an Austrian School based model of the macroeconomy. Time and Money pulls free market theory together to show that capitol drives the economy and not government, as mainstream economic theories would lead us. Powerful yet easy to read and understand. Well worth your time and money.

Absolutely Incredible.......2002-02-26

For anyone interesting in Austrian macroeconomic theory, this is the book for you. (...)

Worth the Time-Too much Money.......2000-12-03

"Time and Money" combines a new graphical depiction of
competing theories of unemployment and trade cycles with standard
Subjectivist arguments in this area. The authors'"loose joint" theory
of trade cycles is an extension of arguments made by Austrian
economists Ludwig Von Mises and Friedrich Von Hayek. Garrison also
critiques the ideas Keynesians and Monetarists. One of the key
strengths of the graphics in this book is that it focuses attention on
under appreciated elements of subjectivist-Austrian trade cycle
theory. These graphs clarify the effects that interest rates have on
household decisions on saving and consumption. Also, the graphs
facilitate comparisons between different schools of thought. This book
has little that is really new in the Subjectivist theory of the trade
cycle and its associated critiques of competing theories in this
area. By in large, this book organizes material from other books and
articles, many of which are by Garrison. The
primary value of this book is in its organization and presentation of
this alternative explanation of the trade cycle and unemployment. This
book is important because it facilitates the dissemination of a viable
explanation of important economic phenomena. The need for this
dissemination is both internal and external to the Subjectivist
school. Many members of the Subjectivist school promote this theory
without fully understanding it. Those outside of the school tend to
ignore this theory completely. These two facts are closely
related. Clear representation of these ideas is an essential part of
the effort on the part of Subjectivists to regain their former place
among the mainstream of the economics profession. By doing this in his
book, Garrison has made great progress in reducing the costs of
learning about Subjectivist Capital/Trade Cycle theory. A lower money
price for this book would extend this process further.

Time and Money: The Macroeconomics of Capital Structure (Foundations of the Market Economy)

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Time and Money: The Macroeconomics of Capital Structure (Foundations of the Market Economy)

Manufacturer: Routledge
ProductGroup: Book
Binding: Paperback
ASIN: B000HJBSK0

Product Description

Note: This is a Print on Demand paperback edition of ISBN 0415079829, first published in 2001. Roger Garrison claims that modern Austrian macroeconomics, which builds on the early writings of F.A. Hayek, can be comprehended as an effort to reinstate the capital-theory core that allows for a real coupling of short- and long-run perspectives. Although the macroeconomic relationships identified are largely complementary to the relationships that have dominated the thinking of macroeconomists for the past half century, Time and Money presents a fundamental challenge to modern theorists and practitioners who overdraw the short-run/long-run distinction. The primary focus of this text is the intertemporal structure of capital and the associated set of issues that have long been neglected in the more conventional labor- and money-based macroeconomics. This volume puts forth a persuasive argument that the troubles that characterize modern capital-intensive economies, particularly the episodes of boom and bust, may best be analyzed with the aid of a capital-based macroeconomics. 272 pages.

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Great Feedback ideas

Patti has done it again

Giving and Receiving Feedback: Building Constructive Communication (A Fifty-Minute Series Book)
Patti Hathaway
Manufacturer: Crisp Learning
ProductGroup: Book
Binding: Paperback

Communications | Skills | Business & Investing | Subjects | Books
General | Business & Investing | Subjects | Books
Interpersonal Relations | Relationships | Health, Mind & Body | Subjects | Books
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Feedback Toolkit: 16 Tools for Better Communication in the Workplace (Empower Your Team-Based Work Force with Productivity's Tool)

Crisp: Coaching and Counseling, Third Edition: A Practical Guide for Managers and Team Leaders (50 Minute Books)

Fast Feedback, Second Edition

Crisp: Managing Negative People: Strategies for Success (Fifty-Minute Series)

Crisp: Coaching for Development: Skills for Managers and Team Leaders (Fifty-Minute Series)

ASIN: 1560524308

Book Description

Turning critical feedback into a constructive message can be a difficult skill to conquer. This book will guide you through the process of learning how to receive critical feedback, developing skills for self-talk, understanding how to give constructive feedback effectively, and handling atypical problems. Feedback is a very powerful communication tool that delivered properly can benefit everyone with a clear and helpful exchange of information about what's working and what's not. The techniques outlined in this book for coping with fair or unjustified critical feedback are essential for effective communication.

Learning Objectives: To learn how to receive critical feedback. To present useful coping mechanisms for handling critical feedback. To show how to give constructive feedback fairly and effectively. To discuss handling special problems.

Customer Reviews:

Great Feedback ideas.......2002-04-27

I would highly recommend the book "Giving and Receiving Feedback" by Patti Hathaway,CSP to anyone who wants to improve their business or personal relationships building constructive communication.

On a personal note the planning sections and suggestions can help me redirect some of the things I have been doing and improve my relationships. One of the suggestions I liked the best concerned giving reviews. When giving a review present the negative first, then end the review on an upward appraisal note.

If the only section in the book was the section on the difference in how men and women communicate it would be worth buying the book for, but there are so many more great ideas you should be ordering the book now instead of reading this review.

Patti has done it again.......2002-04-13

I found this book easy to read, and packed full of helpful information, tools, suggestions and hints. The author included several self-tests for you to discover how you communicate and give feedback. Then, once you knew where your weak areas were, there was ample material to assist you in improving. Charts give examples, case studies allow you to picture how to use what you've learned, exercises offer practice, and the graphics are
appropriate and memorable. This book is for anyone who wants to improve his/her communication skills (and who among us doesn't want to do that!?).

Patti covers the differences in men's and women's communication approaches, overcoming negative self-talk, and a DASR (Describe, Acknowledge, Specify, Reaffirm) technique that will guide you in your communications whether with spouse, parent, child, friend, boss, or acquaintance, throughout the rest of your life. I highly recommend it for everyone to read!

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GIVING AND RECEIVING FEEDBACK - BUILDING CONSTRUCTIVE COMMUNICATION: [PRACTICAL GUIDELINES FOR BETTER LIFE MANAGEMENT].
Patti. Hathaway
Manufacturer: Menlo Park, Crisp, 1998 (rev. ed.). [6], 104 pp., illus. Paperback. Very good condition. No marks in text.
ProductGroup: Book
Binding: Paperback
ASIN: B000UE0M1S

Book Description

Designing Information Technology in the Postmodern Age puts the theoretical discussion of computer systems and information technology on a new footing. Shifting the discourse from its usual rationalistic framework, Richard Coyne shows how the conception, development, and application of computer systems is challenged and enhanced by postmodern philosophical thought. He places particular emphasis on the theory of metaphor, showing how it has more to offer than notions of method and models appropriated from science.

Coyne examines the entire range of contemporary philosophical thinking -- including logical positivism, analytic philosophy, pragmatism, phenomenology, critical theory, hermeneutics, and deconstruction -- comparing them and showing how they differ in their consequences for design and development issues in electronic communications, computer representation, virtual reality, artificial intelligence, and multimedia. He also probes the claims made of information technology, including its presumptions of control, its so-called radicality, even its ability to make virtual worlds, and shows that many of these claims are poorly founded.

Among the writings Coyne visits are works by Heidegger, Adorno, Benjamin, Gadamer, Derrida, Habermas, Rorty, and Foucault. He relates their views to information technology designers and critics such as Herbert Simon, Alan Kay, Terry Winograd, Hubert Dreyfus, and Joseph Weizenbaum. In particular, Coyne draws extensively from the writing of Martin Heidegger, who has presented one of the most radical critiques of technology to date.

Designing Information Technology in the Postmodern Age : From Method to Metaphor

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Designing Information Technology in the Postmodern Age : From Method to Metaphor
Richard Coyne
Manufacturer: M I T Press
ProductGroup: Book
Binding: Hardcover
ASIN: B000LZC62O

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Designing Information Technology in the Postmodern Age From Method to Metaphor
Richard Coyne
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Paperback
ASIN: B000OR7034

Customer Reviews:

Not worth the money, nor the time it took to read.......2002-04-16

This book had very little useful information. The first to words in the title are "How to", yet there is no how to info in the whole book. A brief synopsis of some project possibilities is about all it has to offer. It may make a great brain-storming tool but not for even the small price that is on this book. About it's only redeeming factor is the listings of additional sources for information and software, which I have been able to find in other more informative books.

great book! Better than the first one with the new chapter.........1999-03-26

mr. Philcox has once again written a book that meets the need of all of us who wish to start aa computer business in our home, i especially like the internet chapter...keep them coming Phil!

How to Earn More Than $30,000 a Year with Your Home Computer: Over 160 Income Producing Projects (Revised and Updated)

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How to Earn More Than $30,000 a Year with Your Home Computer: Over 160 Income Producing Projects (Revised and Updated)
Phil Philcox
Manufacturer: Citadel Press
ProductGroup: Book
Binding: Paperback
ASIN: B000T4GWNQ

Book Description

Multi-million dollar projects have been won or lost based on a speaker's abilities and presentations. Whether you're an engineer, a technical salesperson, or a marketing guru, giving presentations is a must to get support for your projects or proposals. This easy-to-read, portable pocket guide provides helpful tips and real-life examples on how to give effective technical presentations from a sales perspective. It will help you become a more competent speaker and let you face a crowd with confidence.

Author Paul Gruhn, successful entrepreneur, noted author, and recognized technical expert, notes, "A lot of business people don't think presenting is very important; they think it's enough simply to be an expert on their subject. Nothing could be farther from the truth! There's a big difference between a person's competence and their effectiveness - including selling products and ideas - based on their ability to present well."

Although a variety of general presentation books are already available, they focus on general speaking skills, slide layout, or use of presentation programs. This unique book focuses on technical presentations from a sales perspective, covering topics such as:

*Overcoming fear
*What's your elevator message?
*Does your audience have an attitude about you?
*Don't let your appearance compete with your presentation
*Periodically test if your audience is still awake
*and much more.

Gruhn's book will be of interest to sales, marketing, and engineering personnel who have to make technical sales presentations for products or ideas. Learn now how to focus on the user's needs, get your audience involved, plus anticipate and prepare for questions.

Customer Reviews:

How to present it well, covering both pitfalls and successes........2007-01-07

The smallest of pockets or purses will readily accommodate this slim 2/5 x 5/5 title SELL MORE THROUGH EFFECTIVE TECHNICAL PRESENTATIONS, which will prove engineers, technical salespeople and marketers alike with instant support for a project or proposal. Tips and examples from the business world outline the basics of how to give an effective technical presentation and how to present it well, covering both pitfalls and successes.

Diane C. Donovan
California Bookwatch

Book Description

In Singapore, public interest in personal finance has been growing as people are allowed to decide what to do with their Central Provident Fund savings. Most books on this subject are either 'how to' guides for investors or foreign textbooks lacking local content. This primer on personal finance fills the gap as an introductory text for business students. It is also a sourcebook with useful information for anyone interested in the various aspects of personal finance. Bankers, investors, financial advisors and other professionals will find it a convenient reference.

Census of community, social & personal services, 1994

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Census of community, social & personal services, 1994

Manufacturer: Dept. of Statistics
ProductGroup: Book
Binding: Unknown Binding

Personal financial planning in Singapore: Your blue-print to financial success

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Personal financial planning in Singapore: Your blue-print to financial success
Boon Keng Lee
Manufacturer: INS Communications
ProductGroup: Book
Binding: Unknown Binding

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Worman Rocks !

DAVE WORMAN IS INSPIRATIONAL

Great Ideas on Employee Motivation

Motivating Without Money

More than a book...it's a must have "tool".

Motivating Without Money-Cashless Ways to Stimulate Maximum Results, Raise Morale, and Reduce Turnover With Your Telephone Sales and Service Personnel
Dave Worman
Manufacturer: Business by Phone
ProductGroup: Book
Binding: Paperback

Telemarketing | Marketing | Marketing & Sales | Business & Investing | Subjects | Books
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Motivating with Sales Contests: The Complete Guide to Motivating Your Telephone Professionals with Contests That Produce Record-Breaking Results

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Stephan Schiffman's Telesales: America's #1 Corporate Sales Trainer Shows You How to Boost Your Phone Sales

ASIN: 1881081109

Book Description

Cash is king, right? You need to write a check in order to motivate your sales reps, right? WRONG! In this book, Dave Worman shows you the 17 Steps to maximum motivation that have nothing to do with raises, bonus checks, or handing out greenbacks.

That's right. In this 200-page book, you'll get the proven, step-by-step details for dramatically, and immediately improving attitude and morale, increasing productivity, reducing turnover, and ultimately building a happier, healthier sales and/or service environment.

Here's more of what you'll get in Motivating Without Money.

Why you should replace your bonus dollars with a cashless program and how to set it up.

What needs to be included in your training programs to turn them into ongoing motivation.

Why time off motivates your employees more than anything else and how to structure programs to utilize it.

How to develop and run theme contests and what to include that will guarantee motivational success.

Why employee recognition is so important to your people and some innovative, fun ideas and programs to applaud your employees.

What Dave's secret motivational weapon is and how to effectively use it.

How to use additional responsibility as a motivational tool.

How dealing with stress in your workplace can actually be stimulating to your people.

Where you can purchase some of Dave's unique Motivational materials and resources for awards.

Many more ideas, tips, programs, and solutions to tap into the motivational levels money cant buy.

Look At What Others Are Saying

"Dave's ideas on how to motivate employees without money are so creative, easy to implement, and effective! Every company with telephone personnel needs this book." Jerry Green, Regional Manager, Ricoh Corporation

"Dave kills the notion that the fastest way to improve performance is with money. With his proven approach, the payoff is dramatic, with increased sales results, employee retention, and having fun on the job!" Ted Buck, Vice President, Orr Safety Corporation

"If you want to run a successful call center there are lots of things that are nice to have, but there are three things you MUST HAVE: Phones, People and Dave Worman's book 'Motivating Without Money'." Dale Nabors V.P. Telemarketing, The Dwyer Group

You don't need cash to motivate your people. Invest in this book and you, your people, and finance department will be glad you did!

Customer Reviews:

Worman Rocks !.......2001-02-01

Dave Worman should be a cult hero for the motivating industry. His energy level and excitement is felt throughout the book. He has great ideas that after you read them, you say, "What a great idea, I can't wait to try it." If you need motivation, Worman has the stuff.

DAVE WORMAN IS INSPIRATIONAL.......2000-07-10

AFTER READING THE BOOK, I COULDN'T WAIT TO IMPLEMENT DAVE'S TECHNIQUES AND IDEAS WITH THE AGENTS. EASY TO DO CONTESTS THAT BENEFIT NOT ONLY THE AGENTS' MORALE BUT THE COMPANY AS WELL. YOU'LL BE ASKING YOURSELF WHY DIDN'T I THINK OF THAT.

Great Ideas on Employee Motivation.......2000-06-27

Dave Worman has a unique understanding of how to motivate employees so that they give outstanding effort. This book provides great ideas on how to inexpensively motivate employees; and the ideas can be utilized by all levels of management. Dave's ideas can most definetly be used in the telephone sales industry, but some of his concepts definetly have the ability to transcend to most all industries. If you have employees working for you, this book is a must read !

Motivating Without Money.......2000-06-27

GREAT STUFF! This book is a must for any supervisor in a call center. Real hands-on techniques that keep the staff motivated and reaching higher levels of performance. Dave, keep 'm coming!

More than a book...it's a must have "tool"........2000-01-23

"I bought copies of Motivating Without Money as a gift for the management staff in our outbound lead generation department. It's a gift that will benefit everyone in the department. I would encourage everyone to consider this gem of a book. It's mandatory reading if you're serious about your business." Robert Ripley

Book Description

This digital document is an article from Pacific Affairs, published by University of British Columbia on March 22, 1999. The length of the article is 626 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Provincial Strategies of Economic Reform in Post Mao China: Leadership, Politics, and Implementation.(Review)
Author: Samuel P.S. Ho
Publication: Pacific Affairs (Refereed)
Date: March 22, 1999
Publisher: University of British Columbia
Volume: 72 Issue: 1 Page: 85(2)

Article Type: Book Review

Distributed by Thomson Gale

Book Description

This book makes a major contribution to the debate within the UK and abroad on the reality of workplace unionism in an era of change. Drawing on examples of union renewal, the authors present an historical overview, and compare the UK experience with contrasting international examples. It presents both qualitative and quantitative research to provide new and comprehensive evidence on trade union strategies.

Book Description

This law handbook contains information on basic business legislation, laws and regulatoins affecting export-import, business, foreign investments, property rights, taxation and banking.

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Egypt Business Law Handbook
USA IBP
Manufacturer: International Business Publications, USA
ProductGroup: Book
Binding: Paperback

Exports & Imports | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | International | Business & Investing | Subjects | Books

Business Law | Reference | Business & Investing | Subjects | Books

General | International Law | Law | Subjects | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 0739745522

Book Description

Basic business legislation, laws, export-import regulations affecting business, business climate and contacts

Egypt Business Law Handbook (World Business Law Handbook Library)

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Egypt Business Law Handbook (World Business Law Handbook Library)
USA International Business Publications
Manufacturer: International Business Publications, USA
ProductGroup: Book
Binding: Paperback
ASIN: 0739719491

Book Description

This law handbook contains information on basic business legislation, laws and regulatoins affecting export-import, business, foreign investments, property rights, taxation and banking. (Updated annually)

Egypt Country Study Guide (World Business Law Handbook Library)

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Egypt Country Study Guide (World Business Law Handbook Library)

Manufacturer: Intl Business Pubns USA
ProductGroup: Book
Binding: Paperback

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ASIN: 0739778587

Book Description

This study guide contains basic information on economy, government, business, history and geography, climate, traditions, people, places to visit. Provides information on government, political organizations, and more... Includes basic statistics, information on the most important business contacts and business travel. Updated annually.

Egypt Business Law Handbook (World Strategic and Business Information Library)

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Egypt Business Law Handbook (World Strategic and Business Information Library)

Manufacturer: Intl Business Pubns USA
ProductGroup: Book
Binding: Paperback

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ASIN: 1433013789

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