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His most outstanding contribution to economic theory was the joint development, with John Hicks, of the so-called IS–LM model, also known as the "Hicks–Hansen synthesis." The IS–LM diagram claims to show the relationship between the investment - saving (IS) curve and the liquidity preference - money supply (LM) curve.
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What does Alvin Hansen say about economic cycles?
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What did Alvin Hansen say about economic stagnation?
Aug 18, 2024 · He built upon Keynes’s theory by developing the stagnation thesis, which states that, as an economy matures, opportunities for productive investment will diminish, which causes the economy’s rate of growth to decrease.
One of the most important contribution to the economic theory by Alvin Hansen are the economic cycles. In his book Business Cycles and National Income , he defines the cycle as a fluctuation in: employment, output, and prices.
Jun 8, 2018 · The influential economist Alvin Hansen (1887-1975) brought the 1930's Keynesian revolution in economics to the United States. He was a prolific writer who also played significant roles in the creation of the Social Security System and the Council of Economic Advisors.
economic policies; Hansen's first Harvard years of the late 1930's, when gold was flowing into this country and, as Hansen said at the time, was providing a massive controlled experiment to show the weak elasticity responses to normal easing of credit, that was the
The most prominent American contributor to and spokesman for the new line of economic analysis-often called ""the American Keynes "-was Alvin H. Hansen (1887- 1975), who took up his professorship of political economy at Harvard in 1937, just after the appearance of Keynes's General Theory.
Jul 6, 2024 · Hansen’s early work on labour economics shows him in favour of equality of opportunity rather than wealth, although this creates a dilemma, it being clear that inequalities of income and wealth will affect opportunity.
