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O conceito clássico de poupança e a Escola de Estocolmo [The classical concept of saving and the Stockholm School]

Author

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  • Rogério Arthmar

    (Universidade Federal do Espíritio Santo - UFES)

Abstract

This paper explores the connections between the theories of the Stockhom School and the economic orthodoxy of the 1930’s. First, we reconstitute the classical, Cambridge and Wicksell’s conceptions on saving and its relations with investment. Next, we define the unifying principle behind the analyses of these different approaches as regards the stability of macroeconomic dynamics. After that, we compare the orthodox theories of saving with Lindahl, Myrdal and Ohlin’s views on wicksellian cumulative processes. The main conclusion is that the Swedish authors, when dealing with crucial points of their models, stayed too close to the traditional economic thought then in vogue, impairing thus the capacitity of their own theories to become a true anticipation of the keynesian ideas.

Suggested Citation

  • Rogério Arthmar, 2001. "O conceito clássico de poupança e a Escola de Estocolmo [The classical concept of saving and the Stockholm School]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 11(2), pages 51-82, December.
    • Handle: RePEc:nov:artigo:v:11:y:2001:i:2:p:51-82
    as

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    File URL: http://www.face.ufmg.br/novaeconomia/sumarios/v11n2/ROGERIO.pdf
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    References listed on IDEAS

    as
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    4. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739, November.
    5. T. G. Parry, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 39-41, January.
    6. M. T. Skully, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 58-59, January.
    7. F. A von Hayek, 1932. "A Note on the Development of the Doctrine of "Forced Saving"," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 47(1), pages 123-133.
    8. Bertil Ohlin & Hans J. Brems & William P. Yohe, 1978. "On the Formulation of Monetary Theory∗," History of Political Economy, Duke University Press, vol. 10(3), pages 353-388, Fall.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Stockholm School; classical theory; macroeconomic dynamics; stability;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General

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