Lecture 6

1
Lecture 6 From Europe to America

• History of Economic Thoughts, Fall 2010
• Department of Economics
• Shih Hsin University
• Yi-Hsiue Wang

2
??????????????

• 19????20????,???????????????????,?????????????????
  ??????
• ??????,???????????,???????????????????????????????
  ??(???????)
• ???????,??????????????????,??????????????????
• ??????????,??????,???????????????????????,?Adam
  Smith????????????????????????????????
• ??????????????????????????????????????

3
Thorstein Bunde Veblen (1857-1929)

• ?????????,??????????
• ???????????????????????????????
• ????,?????????????????
• 1892??Laughlin????????????????
• 1906????????????,????????????????
• ?????????
• ????The Theory of Leisure Class?????,1899?The
  Theory of Business Enterprises?????,1904?

4
Veblen ?????

• Barbarianism????-????????????????????????????,???
  ????????,?????????????????
• ???????????,????????????????????????,?????????????
  ?
• ?????????????,???????????????????????????,????????
  ?????????
• ????????????????,???????????
• ?????????????????????????????????????????,???????
  ???????

5
Veblen ?????

• ??????,????????????,??????,?????,????????????
• Conspicuous consumption??????????????????????,???
  ???????????????
• ?????,??????????????,???????????????????????
• ? Veblen Goods
• ????????????,???????????

6
Veblen ?????

• ?????????????,???????????,??????
• ??????????,????????????????
• ????????????????,??????????????????,????????????
• ??????????????????????,???????????????????????????
  ???
• ?????????,???????????????????????????,????????????
  ?

7
Veblen ?????

• ?????????????,???????????,??????
• ??????????,????????????????
• ????????????????,??????????????????,????????????
• ??????????????????????,???????????????????????????
  ???
• ?????????,???????????????????????????,????????????
  ?

8
After Keynes

• 1965.12.31

• ?????????
• ????? ? ?????
• ???????
• 1960s,????????
• 1970s,??????????
• ???? vs. ????
• ???????? (?????)
• ???????
• ?????? (New Classical)
• ??????

9
Keynesian School

• Hicks (?)
• Samuelson
• Modigliani ??????
• Tobin ????????????
• Mundel ????
• Stiglitz
• Galbraith
• Krugman

10
Chicago School

• Friedman (?)????
• Lucas ????
• Markowitz ????????
• Miller ????
• Schultz ????
• Becker ??????????
• Stigler ???????
• Coase ????
• Buchanan ????
• North ??????

11
John Hicks (1904-1989)

• ???????
• ????????????
• ??????????????????????
• ????
• Mr. Keynes and the Classics (1937)
• Value and Capital (1939) ?????
• ??????????????

12
Hicks?????

• ??????????????????
• ????(???????)
• ???????????
• ??????? (???????)?
• ??Slutsky???,???????????????
• ???????????????IS-LM??
• ?????????,???????????????

13
Milton Friedman (1912-2006)

• ??????????????????
• 1935,???????WPA????,?????????????
• 1946,??????????????????????
• 1950s, ?Stigler?????????
• 1962,??Capitalism and Freedom
• 1963,????????
• 1975,?????????????
• 1976,??????????
• 1980,Free to Choose Television Series,?????Free
  to Choose with his wife.

14
Milton Friedman (1912-2006)

• ??????????
• ????????????
• ???????Chicago Boys,??????????????????,?????
• ???,????????????????
• ????????20??????????????????

15
???? -- Institutuionalism

• Institutionalist School
• Veblen
• Galbraith
• Hailbroner
• New Institutionalist School
• Coase
• Buchanan
• North

16
John Kenneth Galbraith (1908-2006)

• ?????????,???????????
• ?????Harvard, Princeton.
• ?????????????????????????
• ??????????
• ??????,???????????????
• ?????
• 1958, The Affluent Society??????
• 1967, The New Industrial State??????
• 1977,???????
• Economics and the Public Purpose ????

17
John Kenneth Galbraith (1908-2006)

• ?????????
• ??????????,?????????
• ????????? ?????????
• ?????????????,???????????,?????????????
• ????????
• ?????????????

18

• The End