Biblioteca Digital de VanguardiaAn analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes
This article presents a review about the IS - LM and the Solow models. The IS- LM model is based on the Keynesian epistemology, which presents the argument supporting that the more public spending we have, the level of economic growth of a country increases, an argument refuted by Austrians. Althoug...
| Autores principales: | , , |
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| Formato: | Revistas |
| Lenguaje: | Español |
| Publicado: |
Universidad de Cartagena
2014
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1363 |
| _version_ | 1782340301295190016 |
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| author | Rincón-Soto, Idana Arango-Buelvas, Leon Torres-Castellar, Roberto |
| author_facet | Rincón-Soto, Idana Arango-Buelvas, Leon Torres-Castellar, Roberto |
| author_sort | Rincón-Soto, Idana |
| collection | Revista |
| description | This article presents a review about the IS - LM and the Solow models. The IS- LM model is based on the Keynesian epistemology, which presents the argument supporting that the more public spending we have, the level of economic growth of a country increases, an argument refuted by Austrians. Although the Solow model is criticized by using the microeconomic function in order to explain more complex macroeconomic phenomena. Likewise, for being useful to understand the economic processes during the industrial era, and during the currentera of knowledge. On this regard, being useful to developed countries, and not to the developing ones. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-1363 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2014 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-13632020-04-16T05:17:27Z An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes Análisis a las teorías económicas de Solow y el Modelo IS-LM: entre Hayek y Keynes Rincón-Soto, Idana Arango-Buelvas, Leon Torres-Castellar, Roberto Solow model IS- LM model economic growth productivity Keynes Hayek Modelo de Solow modelo IS-LM crecimiento económico productividad Keynes Hayek This article presents a review about the IS - LM and the Solow models. The IS- LM model is based on the Keynesian epistemology, which presents the argument supporting that the more public spending we have, the level of economic growth of a country increases, an argument refuted by Austrians. Although the Solow model is criticized by using the microeconomic function in order to explain more complex macroeconomic phenomena. Likewise, for being useful to understand the economic processes during the industrial era, and during the currentera of knowledge. On this regard, being useful to developed countries, and not to the developing ones. Se presenta en el documento una crítica a los modelos IS – LM y de Solow, El modelo IS – LM tiene como sustento la epistemología Keynesiana, el cual considera el argumento de que a mayor gasto público el nivel de crecimiento económico de un país aumenta, argumento rebatido por la Escuela Austriaca. Con relación al modelo de Solow, se critica la utilización de una función microeconómica para explicar fenómenos macroeconómicos mucho más complejos. Además de su utilidad para analizar y comprender no sólo la era industrial, sino la era del conocimiento; sin dejar de lado su aplicación para el caso de países desarrollados, y no necesariamente para aquellos en vías de desarrollo. Universidad de Cartagena 2014-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1363 10.32997/2463-0470-vol.22-num.0-2014-1363 Panorama Económico Journal; Vol. 22 (2014); 109-116 Panorama Económico; Vol. 22 (2014); 109-116 Panorama Económico; v. 22 (2014); 109-116 2463-0470 0122-8900 10.32997/2463-0470-vol.22-num.0-2014 spa https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1363/1258 /*ref*/Chavarría, Germán et. All (s. f.). Manual introductorio a las teorías del crecimiento económico. Material suministrado en clase. /*ref*/Dornbusch, Rudiger et. All. 2006. Macroeconomía. Décima edición. Antoni Bosch editor. /*ref*/Gutierrez, Irma (2009). Filósofos y economistas. Monografía. Recuperado en: enero 10 de 2013. Recuperado de: http://www.monografias.com/ trabajos73/filosofos-economistas/filosofos-economistas2.shtml /*ref*/Hayek, Friedrich A. (1996). Precios y producción – una explicación a las crisis de las economías capitalistas. Biblioteca Grandes Economistas del Siglo XX. Ediciones AOSTA. /*ref*/Hayek, F. A. (1945). The use of knowledge in society. The american economic review. Volume xxxv. September, 1945. Number four. /*ref*/Krause, Martín (2012). Fundamentos de la Escuela Austriaca. Video clase. Universidad de Buenos Aires (UBA). Recuperado en: marzo 4 de 2014. Recuperado de: https://www.youtube.com/watch?v=_WWhI-0kLaUc /*ref*/Krause, Martín (2013). Fundamentos de la Escuela Austriaca. Video clase. Universidad El Cato – UFM. Recuperado en: marzo 4 de 2014. Recuperado de: https://www.youtube.com/watch?v=fbajv5TZO5o /*ref*/Soto, Jesús (2011). Crítica de la teoría keynesiana. Video clase. Universidad Rey Juan Carlos. Recuperado en: marzo 3 de 2014. Recuperado de: https://www.youtube.com/watch?v=Nv_qiDTuMh0 /*ref*/Soto, Huerta (2009). Dinero, crédito bancario y ciclos económicos. Cuarta edición. Unión editorial. ISBN: 978-84-7209-473-4. Derechos de autor 2014 Panorama Económico |
| spellingShingle | Rincón-Soto, Idana Arango-Buelvas, Leon Torres-Castellar, Roberto An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes |
| title | An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes |
| title_full | An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes |
| title_fullStr | An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes |
| title_full_unstemmed | An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes |
| title_short | An analysis of the economic theories of Solow and IS-LM: between Hayek and Keynes |
| title_sort | analysis of the economic theories of solow and is-lm: between hayek and keynes |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1363 |