O conceito clássico de poupança e a Escola de Estocolmo [The classical concept of saving and the Stockholm School]

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O conceito clássico de poupança e a Escola de Estocolmo [The classical concept of saving and the Stockholm School]

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Rogério Arthmar () (Universidade Federal do Espíritio Santo - UFES)

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Rogério Arthmar

Abstract

This paper explores the connections between the theories of the Stockhom School and the economic orthodoxy of the 1930’s. First, we reconstitute the classical, Cambridge and Wicksell’s conceptions on saving and its relations with investment. Next, we define the unifying principle behind the analyses of these different approaches as regards the stability of macroeconomic dynamics. After that, we compare the orthodox theories of saving with Lindahl, Myrdal and Ohlin’s views on wicksellian cumulative processes. The main conclusion is that the Swedish authors, when dealing with crucial points of their models, stayed too close to the traditional economic thought then in vogue, impairing thus the capacitity of their own theories to become a true anticipation of the keynesian ideas.

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Article provided by Economics Department, Universidade Federal de Minas Gerais (Brazil) in its journal Nova Economia.

Volume (Year): 11 (2001)
Issue (Month): 2 (December)
Pages: 51-82
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Handle: RePEc:nov:artigo:v:11:y:2001:i:2:p:51-82

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Find related papers by JEL classification:
B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (includes Austrian, Marshallian, Walrasian)
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
B30 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - General

References listed on IDEAS
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Siven, Claes-Henric, 1985. " The End of the Stockholm School," Scandinavian Journal of Economics, Blackwell Publishing, vol. 87(4), pages 577-93.
Ohlin, Bertil, 1978. " Keynesian Economics and the Stockholm School: A Comment on Don Patinkin's Paper," Scandinavian Journal of Economics, Blackwell Publishing, vol. 80(2), pages 144-47.

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