Abstract
I am not going to present a theoretical or empirical contribution, but rather to express some views on our understanding of the interplay between investment and economic evolution. This understanding leaves much to be desired, notwithstanding the efforts of past research on the subject. I should like to be able to find clues on how to make quick progress, but I shall fail to do so here. My reason for speaking rather comes from this very special occasion: Russia has now to rebuild economic teaching and research. As a teacher and research worker I feel a duty to provide some message that could be useful.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Coen, R. and Eisner, R. (1987) ‘Investment’, in Eatwell, J., Milgate, M. and Newman, P. (eds), The New Palgrave (London: Macmillan).
Dixit, A. (1992) ‘Investment and Hysteresis’, Journal of Economic Perspectives, vol. 6, no. 1, pp. 107–32.
Eatwell, J., Milgate M. and Newman, P. (eds) (1987) The New Palgrave (London: Macmillan).
Fel’dman, G. (1928) ‘On the theory of the rates of growth of the national income’, (English trans. in N. Spulber (ed.), Foundations of Soviet Strategy for Economic Growth (Bloomington: Indiana University Press, 1964).
Gale, D. (1973) ‘Pure exchange equilibria of dynamic economic models’, Journal of Economic Theory, vol. 6, pp. 12–36.
Grandmont, J. M. (1985) ‘On endogenous competitive business cycles’, Econometrica, vol. 53, no. 5, pp. 995–1045.
Kantorovich, L. (1976) Essays in Optimal Planning (New York: Wiley).
Kornai, J. (1980) Economics of Shortage (Amsterdam: North-Holland).
Lucas, R. (1987) Models of Business Cycles (Oxford: Blackwell).
Maccini, L. (1987) ‘Adjustment costs’, in Eatwell, J., Milgate, M. and Newman, P. (eds), The New Palgrave (London: Macmillan).
Mahalanobis, P. C. (1955) ‘The approach of operational research to planning in India’, Sankhya (December).
Malinvaud, E. (1969) Leçons de théorie microéconomique (Paris: Dunod) (English trans, Amsterdam: North-Holland, 1972 Russian trans, Moscow: Nauka, 1985).
Malinvaud, E. (1981) Théorie macroéconomique (Paris: Dunod).
Malinvaud, E. (1989) ‘Profitability and factor demands under uncertainty’, De Economist, vol. 137, no. 1, pp. 2–15.
Marglin, S. (1987) ‘Investment and accumulation’, in Eatwell, J., Milgate, M. and Newman, P. (eds), The New Palgrave (London: Macmillan).
Miller, M. (1988) ‘The Modigliani—Miller propositions atter thirty years’, Journal of Economic Perspectives, vol. 2, no. 4, pp. 99–120.
Novozhilov, V. (1967) Problems of Cost-Benefit Analysis in Optimal Planning (English trans, White Plains, New York: International Arts and Sciences Press, 1970).
Nurkse, R. (1953) Problems of Capital Formation in Underdeveloped Countries, (Oxford: Blackwell).
Pindyck, R. (1991) ‘Irreversibility, uncertainty and investment’, Journal of Economic Literature, vol. 29, no. 3, pp. 1110–48.
Romer, P. (1986) ‘Increasing returns and long-run growth’, Journal of Political Economy, vol. 94, no. 5, p. 1002–37.
Solow, R. (1956) ‘A contribution to the theory of economic growth’, Quarterly Journal of Economics (February).
Solow, R. (1992) ‘Growth theory’, in Greenway, D., Bleany, M. and Stewart, I. (eds), Companion to Contemporary Economic Thought (London: Routledge).
Stiglitz, J. (1990) ‘Symposium on bubbles’, Journal of Economic Perspectives, vol. 4, no. 2, pp. 13–18.
Summers, L. (1990) ‘What is the social return to capital investment?’, in Diamond, P. (ed.), Growth-Productivity-Unemployment (Cambridge, Mass: MIT Press).
Tobin, J. (1969) ‘A general equilibrium approach to monetary theory’, Journal of Money, Credit and Banking, vol. 1, no. 1, pp. 15–29.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1995 International Economic Association
About this chapter
Cite this chapter
Malinvaud, E. (1995). About Investment in Macroeconomics. In: Fitoussi, JP. (eds) Economics in a Changing World. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23953-5_6
Download citation
DOI: https://doi.org/10.1007/978-1-349-23953-5_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-23955-9
Online ISBN: 978-1-349-23953-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)