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| what is marginal efficiency of capital: The General Theory of Employment, Interest, and Money John Maynard Keynes, 2018-07-20 This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate. |
| what is marginal efficiency of capital: Macro Economic Analysis , 1981 |
| what is marginal efficiency of capital: M.E. Cap (marginal Efficiency of Capital). , 1960 |
| what is marginal efficiency of capital: What Keynes Means Anatol Murad, 1962 The principal ideas and theories of John Maynard Keynes are discusses as the significance of his contribution to economics and pointing out inconsistencies and contradictions in his theories. |
| what is marginal efficiency of capital: First Principles of Economics Richard G. Lipsey, Colin Harbury, 1992 Introduction to economics for complete beginners |
| what is marginal efficiency of capital: Principles of Macroeconomics: Ahuja H.L., this textbook thoroughly explains the principles of macroeconomics. It provides insights into the important macroeconomic issues, such as determination of output, employment, interest rates and inflation. This textbook discusses Classical and Keynesian theories of macroeconomics as well as aptly incorporates Post-Keynesian developments in various aspects of macroeconomics. Further it discusses, at appropriate places, the relevance and applicability of various macroeconomic theories for the developing countries. This textbook also explains and critically evaluates the post-Keynesian theories of consumption function namely, Kuznets consumption function, Modiglianis life cycle hypothesis and much more. |
| what is marginal efficiency of capital: Modern Economics An Analytical Study, 20th Edition Ahuja H.L., 2016 In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. It discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field. |
| what is marginal efficiency of capital: The General Theory of Employment, Interest and Money John Maynard Keynes, 1989 |
| what is marginal efficiency of capital: Managerial Economics: Concepts, Applications, and Strategies Ms. Poornima Teotia, Ms. Nidhi Khaiwal, 2025-04-04 |
| what is marginal efficiency of capital: The Economics of Keynes and Uncertainty in Theory Keun H. Lee, 2023-12-19 Modern academic and political establishments generally accept Keynesian economics as the primary theoretical work regarding The General Theory of Employment, Interest, and Money by John Maynard Keynes. However, the discipline of economics has been unable to fully understand Keynes’s ideas, even after almost a century of intense scrutiny since its publication in 1936. This book argues that this is due to the field’s failure to recognize the central theme of Keynes’s ideas, uncertainty. When people do not have all the relevant information on which to base their decisions, they can only act in ways which they believe are in their best interest, or fall back on conventions. Keynes’s work elucidates the conventions which people fall back on to cope with uncertainty in economic life. With this in mind, this book builds upon Keynes’s ideas on uncertainty and conventions, and offers an alternative view of Keynes’s work, which constitutes the foundation of modern economics. |
| what is marginal efficiency of capital: John Maynard Keynes Charles Robert McCann, 1998 |
| what is marginal efficiency of capital: Monetary Theory - 16Th Edition M C Vaish, 2009-11-01 Monetary Theory Is A Comprehensive Textbook That Meets The Needs Of Students At The Honours And Post-Graduate Level. The Sixteenth Edition Has Been Thoroughly Revised And Updated. The Book Is Divided Into Five Parts Viz Money And Prices; Trade Cycle And S |
| what is marginal efficiency of capital: Economics and The Public Welfare Benjamin McAlester Anderson, 2020-02-26 Reprint of the original, first published in 1949. |
| what is marginal efficiency of capital: A Wider View of John Maynard Keynes Joseph R. Cammarosano, 2016-05-12 Most works on John Maynard Keynes deal with his General Theory of Employment, Interest and Money and his theory of unemployment. Much less well-known are his publications on money, finance, and international trade. This book fills that void by providing an analysis of Keynes’ works from “Indian Currency and Finance” to “The Proposal for a Currency Union.” It seeks to show that his concerns extended beyond his magnum opus to include the monetary and financial concerns of Great Britain and the world at large. |
| what is marginal efficiency of capital: Macroeconomics, 20e Ahuja H.L., 2022-03 This textbook acquaints the students with the latest trends and tendencies in macroeconomics analysis and policy. It keeps in view the macroeconomic |
| what is marginal efficiency of capital: NCERT Economics Class 12 - For Various State Boards Exams - 1. Introductory Micro Economics 2. Introductory Macro Economic Dr. Harish Chandra Sharma, Dr. Mohan Singhal , 2022-07-14 NCERT ECONOMICS CLASS 12 - A BOOK CONTENTS: PART-A: INTRODUCTORY MICRO ECONOMICS: UNIT 1: 1. ECONOMICS: AN INTRODUCTION MICRO ECONOMICS AND CENTRAL PROBLEMS OF AN ECONOMY UNIT 2: 2. CONSUMER’S EQUILIBRIUM UTILITY ANALYSIS AND INDIFFERENCE CURVE ANALYSIS 3. DEMAND AND LAW OF DEMAND 4. ELASTICITY OF DEMAND UNIT 3: 5. PRODUCTION FUNCTION: RETURNS TO A FACTOR AND RETURNS TO SCALE 6. COSTS OF PRODUCTION 7. CONCEPTS OF REVENUE 8. PRODUCER’S EQUILIBRIUM: MEANING AND CONDITIONS 9. SUPPLY, LAW OF SUPPLY AND ELASTICITY OF SUPPLY UNIT 4 & 5: 10. DIFFERENT FORMS OF MARKET: MEANING AND FEATURES 11. PRICE DETERMINATION UNDER PERFECT COMPETITION EQUILIBRIUM PRICE PART B: INTRODUCTORY MACRO ECONOMICS: 1. MACRO ECONOMICS: MEANING 2. SOME BASIC CONCEPTS OF MACRO ECONOMICS 3. CIRCULAR FLOW OF INCOME 4. CONCEPTS AND AGGREGATES RELATED TO NATIONAL INCOME 5. MEASUREMENT OF NATIONAL INCOME 6. MONEY: MEANING, EVOLUTION AND FUNCTION 7. COMMERCIAL BANKS AND CREDIT CREATION 8. CENTRAL BANK: MEANING AND FUNCTIONS 9. INDIAN BANKING SYSTEM: RECENT REFORMS AND ISSUES 10. AGGREGATE DEMAND AND AGGREGATE SUPPLY 11. DETERMINATION OF EQUILIBRIUM LEVEL OF INCOME, EMPLOYMENT AND OUTPUT 12. INVESTMENT MULTIPLIER AND ITS WORKING 13. PROBLEMS OF DEFICIENT AND EXCESS DEMAND 14. MEASURES TO CORRECT DEFICIENT & EXCESS DEMAND 15. GOVERNMENT BUDGET AND THE ECONOMY 16. FOREIGN EXCHANGE RATE 17. BALANCE OF PAYMENTS |
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| what is marginal efficiency of capital: Understanding Keynes’ General Theory B. Sheehan, 2009-01-15 This book is a comprehensive guide for those seeking to fully understand Keynes' General Theory of Employment, Interest and Money , and especially those approaching the work for the first time. It also highlights Keynes' important policy insights. This book is an essential introduction to Keynes' most influential text. |
| what is marginal efficiency of capital: Macro Economics - Reference Book Prof. Dr. Tanaji N. Salve, 2015-11-01 Macroeconomics by N. Gregory Mankiw is a widely used reference book providing a comprehensive understanding of macroeconomic principles, theories, and policies in a clear and accessible manner. |
| what is marginal efficiency of capital: Macroeconomics K.R. Gupta, R.K. Mandal & Amita Gupta, 2008 |
| what is marginal efficiency of capital: Money, Macroeconomics and Keynes Philip Arestis, Meghnad Desai, Sheila Dow, 2013-06-17 This volume, along with its companion volume, Methodology, Microeconomics and Keynes is published in honour of Victoria Chick, inspired by her own contributions to knowledge in all of these areas and their interconnections. It represents both consolidation and the breaking of new ground in Keynesian monetary theory and macroeconomics by leading figures in these fields. |
| what is marginal efficiency of capital: Reinterpreting Mr. Keynes Warren Young, Edward W. Fuller, 2022-01-19 This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession’s understanding of the origins of the IS-LM model and modern macroeconomics. |
| what is marginal efficiency of capital: The General Theory Professor Geoffrey Harcourt, Peter Riach, 2006-08-23 Keynes always intended to write 'footnotes' to his masterwork The General Theory, which would take account of the criticisms made of it and allow him to develop and refine his ideas further. However, a number of factors combined to prevent him from doing so before his death in 1946. A wide range of Keynes scholars - including James Tobin, Paul Davidson and Lord Skidelsky - have written here the 'footnotes' that Keynes never did. |
| what is marginal efficiency of capital: MACROECONOMICS PARCHURE, SUNAYINI, 2021-01-01 This book titled Macroeconomics is an outcome of the author's teaching-learning experience spanning several years of teaching economics at the undergraduate and postgraduate levels and has evolved from the earlier works of the author on the theme of Macroeconomics. It has evolved from actual classroom teaching and therefore adopts a conversational and lucid style of communication. The book seeks to capture the interest of the students towards macroeconomic issues and make it relatable to the actual dynamic functioning of economies. Primarily intended for the undergraduate students of commerce and economics, it will also be useful for the students pursuing BBA course. It covers an array of topics ranging from national income and related aggregates, the demand and supply of money, the role of central banks, theories of output, income and employment determination with special focus on Keynes theory, post-Keynesian developments like monetarism, supply-side economics. It also covers issues like inflation, deflation, Phillips curve, trade cycles, public finance, budget, budgetary deficits and so on. It has chosen to restrict itself to a closed economy and hence, does not deal with issues of an open economy which requires a totally different treatment. KEY FEATURES 1. Evolved from actual classroom teaching 2. Analysis of major concepts, theories and issues in macroeconomics 3. Blends economic concepts, theories and real data wherever relevant 4. Relevant statistics and data in the Indian context 5. An exhaustive list of references including websites is provided for ready reference 6. Key takeaways, thought provoking questions and relevant exercises provided at the end of every chapter TARGET AUDIENCE • B.Com • BA (Economics) • BBA |
| what is marginal efficiency of capital: Business Economics [SBS Pune] HL Ahuja, Business Economics [SBS Pune] |
| what is marginal efficiency of capital: Managerial Economics (Analysis of Managerial Decision Making), 9th Edition Ahuja H.L., 2017 Widely acknowledged, this popular and detailed text is a comprehensive treatise on Managerial Economics - both micro and macro-economic aspects. This text ensures a thorough understanding of core concepts before advancing to provide an expanded treatment of topics. It explains the economic environment and the impact on managerial decisions regarding price & output determination in different market structures followed by an account of the behaviour of individuals under conditions of uncertainty. |
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| what is marginal efficiency of capital: Keynes's Lectures, 1932-35, Notes of a Representative Student John Maynard Keynes, 1989 A record of the path by which Keynes reached the views that have had such an impact on economic policy |
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| what is marginal efficiency of capital: Macrodynamics Pierre-Yves Hénin, 2003 Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include: * Non-clearing markets * Involuntary unemployment * Persistent inflation. As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont. |
| what is marginal efficiency of capital: Introduction to Keynesian Dynamics Kenneth K. Kurihara, 2025-05-30 First published in 1956, Introduction to Keynesian Dynamics provides a coherent and compact study of macro-dynamic analysis in general and particularly the two outstanding ‘post Keynesian’ developments in the field- 1) dynamic theories of cyclical fluctuations and 2) secular growth analysis. Part I of this book provides a general base of reference for substantive analysis. Part II contains fairly definitive materials, dealing as it does with the modus operandi of cyclical fluctuations, the dynamics of inflation and deflation, the stability conditions of equilibrium, a nonlinear model of dynamic switches, the interaction of endogenous and exogenous variables, and international oscillatory processes. Part III explores the technical possibility and difficulty of securing maximum economic growth with minimum instability. The concluding chapter critically examines the twin problems of steady growth for advanced economies and rapid development for underdeveloped economies in a way that would suggest a common solution. This is a must read for students of economics and economic history. |
| what is marginal efficiency of capital: Macroeconomics after Kalecki and Keynes Eckhard Hein, 2023-01-17 Presenting an in-depth overview of the foundations and developments of post-Keynesian macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive post-Keynesian macroeconomic model with the respective macroeconomic policy mix for achieving non-inflationary full employment. Linking the short-run model to long-run distribution and growth theories, the theoretical approach is also applied to current research on macroeconomic regimes in finance-dominated capitalism and on the macroeconomic challenges of the socio-ecological transformation. |
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| what is marginal efficiency of capital: Verbal Ability & Comprehension for CAT/ XAT/ IIFT with 5 Mock Tests 3rd Edition Disha Experts, 2018-11-19 The New Updated 3rd Edition of Disha’s Verbal Ability & Comprehension for CAT/ XAT/ IIFT is enriched with the addition of the past CAT questions from 2009 to 2017, XAT & IIFT from 2015-18. Further the 5 Mock tests are also revised as per the latest pattern. The book proves to be quite student-friendly as it starts from a basic level and moves to an expert level. • Structure of the book: The book has been divided into three parts - Verbal Ability, Verbal Reasoning & Reading Comprehension which have been divided into chapters. Each chapter consists of: 1. Theory with Illustrations 2. Foundation Level Exercise 3. Standard Level Exercise 4. Expert Level Exercise 5. Solutions to the 3 levels of exercises • The Verbal Ability section focuses on Basics of English Grammar, Vocabulary, Common errors. • The Verbal Reasoning section focuses on Parajumbles, Critical Reasoning, Fact/ Inference/ Judgement and Passage Completion (Logical conclusion of Paragraphs). • The Reading Comprehension section focuses on comprehension of passages of different genres based on the latest patterns. • The theory is followed by 3 levels of exercises – Foundation Level, Standard Level and Expert Level. The detailed solution to each and every question has been provided immediately at the end of the 3 exercises. • Foundation Level – Here the focus is to expose the students to solve problems based on the concepts they have learned in theory part. The student develops a good foundation and is ready for the Standard level. • Standard Level – The Standard level is a collection of excellent quality problems which will test a student on the application of the concepts learned in various reallife situations. The problems provide a good platform to develop a very good problem solving aptitude so as to take up the expert level confidently. • Expert Level – This is the toughest part of the book and involves the trickiest questions on the concepts involved. Here most of the problems will pose good challenge to the students. • The three sections contain past questions of various MBA entrance exams like CAT/ GMAT/ XAT/ IIFT/ FMS. • At the end of the book 5 Mock Tests are provided based on the exact pattern of latest CAT exams. The solutions to the test are provided at the end of the tests. |
| what is marginal efficiency of capital: Capital Theory and the Distribution of Income C. J. Bliss, 1975 The problem of capital, Production without capital; Equilibrium, prices and time; Semi-stationary growth; Marginal products and capital; The Cambridge model; ... |
| what is marginal efficiency of capital: The New Palgrave Dictionary of Economics , 2016-05-18 The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product. |
| what is marginal efficiency of capital: Introductory Economic Theory [NEHU, Shillong] HL Ahuja, This book begins with an introduction to economics highlighting the economic problem of scarcity and choice. Further, it goes on and discusses the scope of economics as well as acquaints the students with the methodologies of economics. Basic microeconomic concepts such as demand, supply, competitive market equilibrium, elasticity and indifference curve analysis of demand have been explained in a simple and lucid manner. The book also dwells into theories of production, distribution, rent, interest and profits. It also discusses the market structures prevailing in the capitalist economy, namely, perfect competition and imperfect competition; thoroughly highlighting the sub categories of imperfect competition such as monopolistic competition, oligopoly and monopoly. Concepts of average revenue and marginal revenue have also been discussed in the book. |
| what is marginal efficiency of capital: Keynes and The General Theory Revisited Axel Kicillof, 2017-07-31 Every time the economy goes through a period of crisis, Keynes’ name is called upon by economists and politicians from diverse backgrounds. However, 70 years after the publication of The General Theory of Employment, Interest and Money, specialists are still far—maybe everyday further—from reaching agreement about the genuine contents of Keynes’ most important work. This controversy has been marked by a paradoxical turn: it is above all the literature about Keynes which, in the last decades, has imposed the terms of the debate, while The General Theory lacks readers. Accused by both its detractors and admirers of being a confusing book that is inconsistent and even plagued with logical errors, the most important contribution of the most influential economist of the 20th century has been condemned to be forgotten or, at best, to live uncomfortably in the voices of those who have spoken on his behalf. This book is the result of rigorous critical research which reconstructs the spectrum of discussion surrounding Keynes’ main work. The book begins by describing the historical background and the state of the pre-Keynesian economic theory, subsequently immersing the reader in a concise but detailed—as well as innovative— interpretation of the original text. The revision of some of the main interpretative currents prepares the field for the book’s ultimate contribution: the identification of the fundamentals that sustain the analytical structure of The General Theory. At the same time, this exploration of the theoretical fundamentals of The General Theory makes this book an original intervention on the genesis and relevance of the divide between micro and macroeconomics—a division that has been fully accepted by contemporary macro theorists. |
MARGINAL Definition & Meaning - Merriam-Webster
The meaning of MARGINAL is written or printed in the margin of a page or sheet. How to use marginal in a sentence.
MARGINAL | English meaning - Cambridge Dictionary
MARGINAL definition: 1. very small in amount or effect: 2. of interest to only a few people: 3. the idea that small…. Learn more.
MARGINAL Definition & Meaning - Dictionary.com
Marginal definition: pertaining to a margin.. See examples of MARGINAL used in a sentence.
Marginal - definition of marginal by The Free Dictionary
Of, relating to, located at, or constituting a margin, a border, or an edge: the marginal strip of beach; a marginal issue that had no bearing on the election results.
What does Marginal mean? - Definitions.net
What does Marginal mean? This dictionary definitions page includes all the possible meanings, example usage and translations of the word Marginal. At the lower limit; barely sufficient; as, of …
marginal | meaning of marginal in Longman Dictionary of …
From Longman Business Dictionary mar‧gin‧al /ˈmɑːdʒənəlˈmɑːr-/ adjective 1 a marginal change, increase, fall etc is very small, and not enough to make an important difference The country’s …
MARGINAL definition and meaning | Collins English Dictionary
If you describe people as marginal, you mean that they are not involved in the main events or developments in society because they are poor or have no power.
Marginal - Definition, Meaning & Synonyms - Vocabulary.com
Use the word marginal when something is minimal or barely enough. If you buy lemons and sugar, make lemonade and set up a stand on the street corner, but sell only a couple of …
Marginal Definition & Meaning | Britannica Dictionary
At the next election the opposition parties will try to capture some marginal seats [=marginals] from the government.
marginal adjective - Definition, pictures, pronunciation and usage ...
Definition of marginal adjective in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
MARGINAL Definition & Meaning - Merriam-Webster
The meaning of MARGINAL is written or printed in the margin of a page or sheet. How to use marginal in a sentence.
MARGINAL | English meaning - Cambridge Dictionary
MARGINAL definition: 1. very small in amount or effect: 2. of interest to only a few people: 3. the idea that small…. Learn more.
MARGINAL Definition & Meaning - Dictionary.com
Marginal definition: pertaining to a margin.. See examples of MARGINAL used in a sentence.
Marginal - definition of marginal by The Free Dictionary
Of, relating to, located at, or constituting a margin, a border, or an edge: the marginal strip of beach; a marginal issue that had no bearing on the election results.
What does Marginal mean? - Definitions.net
What does Marginal mean? This dictionary definitions page includes all the possible meanings, example usage and translations of the word Marginal. At the lower limit; barely sufficient; as, of …
marginal | meaning of marginal in Longman Dictionary of …
From Longman Business Dictionary mar‧gin‧al /ˈmɑːdʒənəlˈmɑːr-/ adjective 1 a marginal change, increase, fall etc is very small, and not enough to make an important difference The country’s …
MARGINAL definition and meaning | Collins English Dictionary
If you describe people as marginal, you mean that they are not involved in the main events or developments in society because they are poor or have no power.
Marginal - Definition, Meaning & Synonyms - Vocabulary.com
Use the word marginal when something is minimal or barely enough. If you buy lemons and sugar, make lemonade and set up a stand on the street corner, but sell only a couple of …
Marginal Definition & Meaning | Britannica Dictionary
At the next election the opposition parties will try to capture some marginal seats [=marginals] from the government.
marginal adjective - Definition, pictures, pronunciation and usage ...
Definition of marginal adjective in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
