Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-78c5997874-g7gxr Total loading time: 0 Render date: 2024-11-10T22:34:48.264Z Has data issue: false hasContentIssue false

8 - Overlapping Generations

A Case Study

from Part I - Introduction: Content, Structure, and Strategy of Mainstream Economics

Published online by Cambridge University Press:  25 May 2023

Daniel M. Hausman
Daniel M. Hausman
Affiliation:
Rutgers University, New Jersey
Get access

Summary

Chapter 8 is a case study focusing on Paul Samuelson’s essay, An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money, critical responses, and some of the discussion and applications it spawned. This case study illustrates the claims concerning the structure and strategy of economics presented in chapter 7, and it is of special interest because of the way in which normative issues intrude into what purports to be a positive investigation.

Keywords

overlapping generationsPaul SamuelsonAbba LernerWilliam Mecklingfiat moneyPareto inefficiency
Type
Chapter
Information
The Inexact and Separate Science of Economics , pp. 207 - 228
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Overlapping Generations
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book: The Inexact and Separate Science of Economics
  • Online publication: 25 May 2023
  • Chapter DOI: https://doi.org/10.1017/9781009320283.010
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Overlapping Generations
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book: The Inexact and Separate Science of Economics
  • Online publication: 25 May 2023
  • Chapter DOI: https://doi.org/10.1017/9781009320283.010
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Overlapping Generations
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book: The Inexact and Separate Science of Economics
  • Online publication: 25 May 2023
  • Chapter DOI: https://doi.org/10.1017/9781009320283.010
Available formats
×