Retrospectives: the economics of Leon Hirsch Keyserling
Noted economist Leon Hirsch Keyserling did not earn a PhD in Economics but his list of achievements is formidable including lobbying for the Employment Act of 1946 which created the Council of Economic Advisers in the White House. He based his economic theories on the popular theorists of his time Evsey Domar, Roy Harrod and John Maynard Keynes. Economy consisted of three sides, namely, government, investment and consumption with economic policy aiding in its proportionate growth. Keyserling's theory does not apply in modern times since it failed to include education and technology in it.
Publication Name: Journal of Economic Perspectives
The new revolution in economics
A new and significant revolution is taking place in orthodox economics that is reversing the direction that was taken in establishing neoclassical economics. This marginalist revolution is introducing economics as a discipline by significantly limiting its scope of application through the use of a particular methodology and by isolating itself from other social sciences. Either by incorporating them into itself or by analytically influencing them, this current revolution in orthodox economics is colonizing other social sciences.
Publication Name: Capital & Class
Cooperatives and the business cycle
The effect of changing economic conditions to the formation and dissolution of Israeli worker's cooperatives were examined. This involved the utilization of data on population of worker's cooperatives in the production, transportation and services sectors. It was found that political and institutional factors rather than economic conditions significantly affect the dynamics of worker's cooperatives.
Publication Name: Journal of Comparative Economics
- Abstracts: Policies for economic growth. The optimal economic order: the simplest model. Environmental policy and sustainable economic growth
- Abstracts: On the dynamic effects of using hired labor in the Kibbutz - theory and case studies. Random pricing by labor-managed firms in markets with imperfect consumer information