IDEAS home Printed from https://ideas.repec.org/a/nov/artigo/v11y2001i2p51-82.html
   My bibliography  Save this article

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

Author

Listed:
  • 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

    Download full text from publisher

    File URL: http://www.face.ufmg.br/novaeconomia/sumarios/v11n2/ROGERIO.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. R. A. Jolly, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(60), pages 38-42, December.
    3. repec:bla:scandj:v:87:y:1985:i:4:p:577-93 is not listed on IDEAS
    4. G. L. S. Shackle, 1945. "Myrdal'S Analysis Of Monetary Equilibrium," Oxford Economic Papers, Oxford University Press, vol. 0(1), pages 47-66.
    5. C. D. Throsby, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 26-28, January.
    6. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739, January.
    7. R. G. Fry, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(60), pages 14-15, December.
    8. T. G. Parry, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 39-41, January.
    9. M. T. Skully, 1978. "Comment," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 58-59, January.
    10. 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.
    11. repec:bla:scandj:v:80:y:1978:i:2:p:144-47 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brock K. Short, 1979. "A Review of Bill C-57, the Proposed New Bank Act," Canadian Public Policy, University of Toronto Press, vol. 5(2), pages 273-280, Spring.
    2. Dostaler, Gilles, 1991. "Les premiers travaux économiques de Gunnar Myrdal," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(2), pages 192-217, juin.
    3. Vaujany, François-Xavier de & Grimand, Amaury, 2005. "Moving towards appropriability of academic knowledge: a post-actionalist perspective," MPRA Paper 1317, University Library of Munich, Germany.
    4. Basch, Michael & Paredes-Molina, Ricardo D., 1996. "Are there dual labor markets in Chile?: empirical evidence," Journal of Development Economics, Elsevier, vol. 50(2), pages 297-312, August.
    5. Scott A. Boorman & Paul R. Levitt, 1983. "Blockmodeling Complex Statutes: Mapping Techniques Based on Combinatorial Optimization for Analyzing Economic Legislation and Its Stress Points over Time," Cowles Foundation Discussion Papers 665, Cowles Foundation for Research in Economics, Yale University.
    6. Robert J. Gordon, 1979. "New Evidence that Fully Anticipated Monetary Changes Influence Real Output After All," Discussion Papers 369, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Fields, L. Paige & Fraser, Donald R. & Kolari, James W., 2007. "Bidder returns in bancassurance mergers: Is there evidence of synergy?," Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3646-3662, December.
    8. Geoffrey Brooke & Anthony Endres & Alan Rogers, 2018. "The Economists and Monetary Thought in Interwar New Zealand: The Gradual Emergence of Monetary Policy Activism," Working Papers 2018-09, Auckland University of Technology, Department of Economics.
    9. R. W. Crowley, 1981. "Income Control Policies and Industrial Relations in Canada," Canadian Public Policy, University of Toronto Press, vol. 7(4), pages 534-549, Autumn.
    10. Robert E. Baldwin, 1995. "The Effects of Trade and Foreign Direct Investment on Employment and Relative Wages," NBER Working Papers 5037, National Bureau of Economic Research, Inc.
    11. C. J. Hindle, 1978. "A World Scale National Corporation Industrial Strategy: A Comment," Canadian Public Policy, University of Toronto Press, vol. 4(3), pages 383-384, Summer.
    12. Claudio Borio, 2013. "On Time, Stocks and Flows: Understanding the Global Macroeconomic Challenges," National Institute Economic Review, National Institute of Economic and Social Research, vol. 225(1), pages 3-13, August.
    13. V. Ragupathy & Stefano Zambelli & K. Vela Velupillai, 2013. "A Non-linear Model of the Trade Cycle: Mathematical Reflections on Hugh Hudson's Classic," Australian Economic Papers, Wiley Blackwell, vol. 52(2), pages 115-125, June.
    14. Mauro Boianovsky, 2004. "The IS-LM Model and the Liquidity Trap Concept: From Hicks to Krugman," History of Political Economy, Duke University Press, vol. 36(5), pages 92-126, Supplemen.
    15. Ramesh Chandra & Roger J. Sandilands, 2021. "Nicholas Kaldor, increasing returns and Verdoorn’s Law," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 44(2), pages 315-339, April.
    16. Béraud, Alain, 2003. "Keynes et Pigou sur le salaire monétaire et l’emploi : une synthèse du débat," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(1), pages 147-162, Mars-Juin.
    17. Jesús Cuaresma & Ernest Gnan, 2007. "The natural rate of interest: which concept? which estimation method? which policy conclusions?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 29(4), pages 667-688.
    18. Robert W. Dimand, 2012. "The Roots of the Present are in the Past: The Relation of Postwar Developments in Macroeconomics to Interwar Business Cycle and Monetary Theory," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 5, Edward Elgar Publishing.
    19. Siven, Claes-Henric, 2000. "Analytical Foundations of Erik Lindahl's Monetary Analysis, 1924-30," Research Papers in Economics 2000:14, Stockholm University, Department of Economics.
    20. Roger E. Backhouse & Bradley W. Bateman, 2009. "Keynes and Capitalism," History of Political Economy, Duke University Press, vol. 41(4), pages 645-671, Winter.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:11:y:2001:i:2:p:51-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucas Resende de Carvalho (email available below). General contact details of provider: https://edirc.repec.org/data/fufmgbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.