Conclusions for Research

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Conclusions for Research: Fassung

Author:: Steindl, Josef

Scope:: Typoskript, 13 lose Blätter

Year of publication:: 1987

Language:: English

Description:: Steindl draws some conclusions from the contributions made at the Conference on Barriers to Full Employment (Berlin, 1-3 October 1985 under the auspices of the International Institute of Management's Labour Market Policy Section).

Note:: Zusatz zum Titel fingiert. - Enstehungsdatum erschlossen.

Related work:: Steindl, Josef: New Lines of Research on the Question of Full Employment. In: Kregel, Jan; Matzner, Egon; Roncaglia, Alessandro (Hrsg.): Barriers to Full Employment. London: Macmillan 1988.

Topic:: Economic history,economic theory,current developments

Shelfmark:: S/M.55.2

Access:: Free access

6 UM.Z C £ : EC.AD/SEM.^/ft.,!, is joy if 8 S'. Even partial information in this field, bringing us a few ny steps further, would be, however, exceedingly valuable and worth a lot of trouble. Something might now be said on the three post-war periods which Keynes anticipated. The second period faded out gradually already in the course of the 60s. In its earlier part it was strongly influenced by the catching up process in Europe. The continent of Europe had been cut off from American technological development for many years; a reserve of know how had thus accumulated which became available after the war, aided also by Marshall plan and technical assistence; it had a strong influence onthe scale of investment and growht of productivity on the continent.Drawing on available know how is infinitely more easy than creating new one and the effects on investment are strong. We can not say exactly when these effects were exhausted, but their gradual disappearance must have contributed to the ending of the second period. The flagging of the animal spirits was a motive for increasing tax allowances, illustrated by the decrease in profit taxes in various countreis such as A* Britain and the U.S. The basic reason for the ending of period two, as Keynes said, was the accumulation of capacity and decline of utilisation, helped perhaps also by the accumulation of excess depreciation although this was counteracted by inflation. empirical These considerations suggest a fairly wide field of /Study / on investment, depreciation, capital stock, capacity and utilisation. In an interesting study of the ECE (Geneva ) *

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