Archive for James C. W. Ahiakpor
James Ahiakpor is a professor of economics at California State University, East Bay.
Keynes’s Ghost
The multiplier argument is founded on two key assumptions that turn out to be false. First is the notion that savings are not spent but rather are withdrawn from the expenditure stream. The multiplier’s second incorrect premise is that government expenditures are “autonomous”; that is, government spending does not depend on current income.
9Jun2009 | James C. W. Ahiakpor | 3 comments | ContinuedIsrael Kirzner on Supply and Demand
James Ahiakpor is chairman of the department of economics at California State University, Hayward.
Israel Kirzner misrepresents mainstream economics by his assertion that in explaining market price determination by supply and demand curves, it always assumes “perfect competition,” worse yet, perfect knowledge.[1] “The mainstream textbook approach . . . is, in one way or another, [...]
Why Economists Need to Speak the Language of the Marketplace
Dr. Ahiakpor is Professor and Chairman of the Department of Economics, California State University, Hayward. This article is based on his “A Paradox of Thrift or Keynes’s Misrepresentation of Saving in the Classical Theory of Growth?,” published in the Southern Economic Journal, Vol. 62, July 1995, pp. 16-33.
Ask a group of economists whether saving [...]
Some International Neglect Would Be Good for Africa
Dr. Ahiakpor, who was born in Ghana, West Africa, is Professor and Chairman of the Department of Economics, California State University, Hayward.
Many African governments and leaders of thought fear increased marginalization and neglect of their continent in the so-called New World Order following the collapse of Communist regimes in Eastern and Central Europe and [...]
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
