Gottfried Haberler


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Haberler, Gottfried

 

Born July 20, 1900, in Purkersdorf, near Vienna. American economist.

Haberler graduated from the University of Vienna in 1925. In the period 1928–36 he was a docent and then full professor at the University of Vienna, and in 1936 he became a professor at Harvard University. Haberler is known for his work on the theory of the cycle and on problems of international trade. With regard to economic theory, he has advocated a synthesis of different schools of bourgeois political economy. While generally favoring Keynesianism, he has criticized it in some particulars. For example, unlike J. M. Keynes, Haberler believes that the level of the interest rate depends more on the relationship of supply and demand for monetary capital than on the scale of monetary emissions. Haberler casts doubt on such important points of Keynesian theory as the relationship between the multiplier and the inclination to consume. According to Haberler, inflation is not caused by the internal patterns of development of modern state-monopoly capitalism but by mistaken economic policies of the state (hypertrophied state expenditures, inadequate level of taxation, and the like). In his review of two types of inflationary price rises (as a result of excess market demand or as a result of growth in production costs), Haberler analyzes methods of controlling inflation by using credit-monetary and fiscal levers, and he prefers the former because they are more flexible.

WORKS

A Survey of International Trade Theory. Princeton, N. J., 1955.
Money in the International Economy: A Study in Balance-of-payments Adjustment, International Liquidity and Exchange Rates. London, 1965.
Inflation: Its Causes and Cures. Washington, D.C., 1966.
In Russian translation:
Protsvetanie i depressiia. Moscow, 1960.

A. A. ZHITNIKOV

References in periodicals archive ?
As the Austrian-American economist Gottfried Haberler warned more than 80 years ago, "The relative position and change of different groups of prices are not revealed, but are hidden and submerged in a general index" (Haberler 1928: 444).
The theory is thus described in the influential survey of business cycle theories published under the auspices of the League of Nations in 1937 by Gottfried Haberler (1963, pp.
Although the late Gottfried Haberler claimed in the 1970s that Smoot-Hawley had pushed tariffs to "skyscraper" heights, that is an exaggeration.
The alternative of continued capital movements, facilitated by major financial institutions, and flexible exchange rates was set out by a few economists, notably the Austrian Gottfried Haberler, but found no political resonance.
Alvin Hansen's delightfully optimistic treatment of Keynesian economics at Harvard was much tempered by the dry wit of Gottfried Haberler, the sarcasm of Wassily Leontief (utility theory is good for teaching
Felix Kaufman, a member of both the Mises seminar and the Vienna Circle, was friendly with another Mises student, Gottfried Haberler, whom he asked to read Karl Popper.