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): Ergodic versus Financial Processes, Part II. Neoclassical and Institutional Economics . Public Finance Quarterly , State Audit Office of Hungary (forthcoming). Móczár , J. – Tsukui

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Rossignol could be described as coming midway between Stravinsky’s prewar ballets and his early essays in neoclassicism. I suspect that it is the piece that Ditta had in mind when writing about Stravinsky’s “miraculously beau- tiful-timbred” compositions

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Classicism or Modernity? It was not difficult to give an answer to this question for Mihály Babits, one of the most outstanding and, after a good while, most highly esteemed poets of 20th century Hungarian literature. He voted for both. Having a thorough knowledge of the Greek-Latin tradition, for him Modernity meant complete coexistence with it: “Such a respectful attitude to the past, such a loving preservation of the tradition, such conservatism is the greatest modernity. He only can be called modern who has experienced all, who carries in his mind the totality of the past, who is the pinnacle of his own times, because he unifies all ages in himself.” The stress always depended on the political situation. Neoclassicism or New Classicism was his reply to the new political and cultural phenomena of the 1920s–30s.

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The productivity slowdown in European countries is among the major stylised facts of the last two decades. Several explanations have been proposed: some focus on demand-side effects, working through Kaldor’s second law of economic growth (also known as Verdoorn’s law), others on supply-side effects determined by a misallocation of the factors of production, caused either by labour market reforms or by perverse effects of financial integration (in Europe, related to the adoption of the euro). The latter explanation is put forward by some recent studies that stress how low interest rates brought about by the monetary union may have lowered productivity by inducing capital misallocation. The aim of this paper is to investigate the robustness of the latter empirical findings and to compare them with the alternative explanation offered by the post-Keynesian growth model, which instead emphasises the relation between foreign trade and productivity, along lines that go back to Adam Smith. To do so, we use a panel of industry-level data extracted from the EU KLEMS database, comparing these alternative explanations by panel cointegration techniques. The results shed some light on the role played by the single currency in the structural divergences among euro area member countries.

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The extremely successful Cambridge Apostle Ferenc Békássy stunned his British friends and colleagues when he returned to Hungary at the beginning of World War I to fight on the side of the Central Powers. This article is an attempt to reconsider Békássy’s reasons in light of historical and political events as well as in light of his poetic works. In particular, his long, dramatic poem“Adriatica”, which is also the title of a volume published in 1925 by Hogarth Press, reveals the importance Békássy placed upon the Adriatic region not simply for its geographic beauty but, more importantly, for its cultural and historical significance as a bridge between modernity and classical times, between East and West, North and South.

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Ybl Miklós (1814–1891) még a 19. század első felében született építészeknek ahhoz a generációjához tartozott, akiknek az egyre bomló, de még fennálló céhes rendszerben és céhes hagyományok közepette kellett megszerezniük a tervezés és építés jogát. Pályája alakulásában így nagy szerep jutott Pollack Mihálynak (1773–1855), akinél inaséveit töltötte az 1830-as évek első felében, majd a magyar földön is tevékenykedő, bécsi Heinrich Kochnak (1781–1861). A fiatal Ybl, amíg nem vált a céh teljes jogú tagjává, az édesapja nyomán szintén építész, és mesterjoggal rendelkező Pollack Ágostonnal (1810–1872) társulva próbálkozott meg saját praxisának kiépítésével. A néhány évig tartó társulás legjelentősebb épülete az ikervári Batthyány-kastély. Ekkor kezdődött Ybl munkakapcsolata a Károlyi családdal. A fóti megbízások, majd azok nyomán az uradalmi építészi státusz biztosította a fiatal építész megélhetését, valamint az arisztokráciával való kapcsolatépítés lehetőségét. A Pollack Ágostonnal való társas viszonya legkésőbb 1850 körül megszűnt. Pollack Mihály fiának tevékenységében a kis és közepes léptékű tervezési és építési feladatokról egyre inkább csak a kivitelezésre került át a hangsúly, majd Pollack Ágoston az 1860-as évek közepén teljesen felhagyott az építészettel. Ybl Miklós és a Pollack család kapcsolata azonban nem szakadt meg, a neoreneszánsz legnagyobb hazai mestere tervezte Pollack Mihály sírját, és árván maradt unokáját is örökbe fogadta.

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Amiot, Dany and Georgette Dal . 2007 . Integrating neoclassical combining forms into a lexeme-based morphology . In G. Booij , L. Ducceschi , B. Fradin , E. Guevara , A. Ralli and S. Scalise (eds.) On

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: Janvry de , A. — Kanbur , R. (eds): Poverty, Inequality and Development: Essays in Honour of Erik Thorbecke . Springer. Sen , A. ( 1963 ): Neo-Classical and Neo

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similarities between the Confucian and Aristotelian doctrines of the Mean and then elaborates as to how the Aristotelian doctrine of the Mean has evolved into the utility principle in which the neoclassical economics paradigm is rooted. The paper next expands

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127 176 Barro, R. J. — Mankiw, N. G. — Sala-i-Martin, X. (1995): Capital Mobility in Neoclassical Models of Growth. The American Economic Review , 85(1): 103

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