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Income, Saving, and the Theory of Consumer Behavior
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The article was published on 1949-01-01 and is currently open access. It has received 2738 citations till now. The article focuses on the topics: Permanent income hypothesis & Marginal propensity to save.read more
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How to Change Economics 101
TL;DR: In the view of Samuel Bowles and Wendy Carlin, macroeconomics 101 requires serious changes as discussed by the authors, and they advocate instead the use of the new CORE textbook, The Economy, to which they contributed.
Book ChapterDOI
Africa's Development in Historical Perspective: Redistributive Pressures in Sub-Saharan Africa: Causes, Consequences, and Coping Strategies
Building Assets, Building Credit: Creating Wealth in Low-Income Communities
TL;DR: In this article, accomplished analysts examine the situation, illustrate its ramifications, and recommend steps to improve it, and suggest steps to increase the chances that home-ownership becomes the new pathway to asset-building that everyone hopes it will be.
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Global poverty measurement when relative income matters
Martin Ravallion,Shaohua Chen +1 more
TL;DR: The authors proposed a theoretical model of relative comparisons, which can be downward or upward in the distribution of income, and calibrating the approach to a new data-set on national poverty lines, the Gini-adjusted national mean emerges as the relevant comparison income.
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The spirit of capitalism, social status, money, and accumulation
TL;DR: In this article, the Tobin portfolio shift effect in the wealth-is-status and the spirit-of-capitalism models of growth is demonstrated, showing that higher inflation leads to higher capital stock in the long run, and inflation increases the endogenous-growth rate of the economy.