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dc.contributor.author
Assous, Michaël  
dc.contributor.author
Lampa, Roberto  
dc.date.available
2018-02-06T20:12:44Z  
dc.date.issued
2014-10  
dc.identifier.citation
Assous, Michaël; Lampa, Roberto; Lange's 1938 model: dynamics and the “optimum propensity to consume”; Taylor & Francis; European Journal of the History of Economic Thought; 21; 5; 10-2014; 871-898  
dc.identifier.issn
0967-2567  
dc.identifier.uri
http://hdl.handle.net/11336/35883  
dc.description.abstract
Oskar Lange's 1938 article “The Rate of Interest and the Optimum Propensity to Consume” is usually associated with the original IS-LM approach of the late 1930s. However, Lange's article was not only an attempt to illuminate Keynes's main innovations but the first part of a wide project that included the development of a theory of economic evolution. This paper aims at showing that Lange's article can help in illuminating critical aspects of this project: in particular, Lange's idea that a synthesis between Kaldor's and Kalecki's theories and that of Schumpeter, might have been possible and that it represented (in intentions) a “modern” and consistent reconstruction of the Marxist theory of the business cycle. Section 2 clarifies Lange's early reflection on dynamics. Section 3 centres on Lange's 1938 static model and indicates the effects of a change of saving on investment. Section 4 suggests a dynamic reconstruction from which are addressed important arguments raised by Lange in a series of papers written between 1934 and 1942.  
dc.format
application/pdf  
dc.language.iso
eng  
dc.publisher
Taylor & Francis  
dc.rights
info:eu-repo/semantics/openAccess  
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/  
dc.subject
Cycles  
dc.subject
Instability  
dc.subject
Non-Linearity  
dc.subject
Marginal Propensity to Save  
dc.subject
Lange  
dc.subject
Kalecki  
dc.subject
Marxian Theory Of the Business Cycle  
dc.subject.classification
Economía, Econometría  
dc.subject.classification
Economía y Negocios  
dc.subject.classification
CIENCIAS SOCIALES  
dc.title
Lange's 1938 model: dynamics and the “optimum propensity to consume”  
dc.type
info:eu-repo/semantics/article  
dc.type
info:ar-repo/semantics/artículo  
dc.type
info:eu-repo/semantics/publishedVersion  
dc.date.updated
2018-02-05T20:21:50Z  
dc.journal.volume
21  
dc.journal.number
5  
dc.journal.pagination
871-898  
dc.journal.pais
Reino Unido  
dc.journal.ciudad
Londres  
dc.description.fil
Fil: Assous, Michaël. Universite de Paris I Pantheon - Sorbonne; Francia  
dc.description.fil
Fil: Lampa, Roberto. University of Salento; Italia. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina  
dc.journal.title
European Journal of the History of Economic Thought  
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1080/09672567.2014.934873  
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/http://www.tandfonline.com/doi/abs/10.1080/09672567.2014.934873