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Book Reviews: Childrens Books Article Category - Page 3 Celtic folklore overflows with vivid stories that fire the imagination. This book contains 26 stories from around Wales and Ireland and was compiled by Joseph Jacobs in the 1890's. While the stories were published in the 19th. C. they probably date back to the middle ages or even further back in time. While some of the themes found in Celtic folklore are similar to those of contemporary fairy tales, other stories in this collection are infused with a flavour that is uniquely Celtic. In Jacobs' own words, "The Celts went forth to battle, but they always fell. Yet the captive Celt has enslaved his captor in the realm of imagination." Even though the content of this book is centuries old, after reading, it will only be the dullest imagination that will not be ignited and set aflame.

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Ohlin, Bertil, 1899-1979 (B3)
Swedish international trade and macroeconomic theorist and a leader of the STOCKHOLM SCHOOL, who was educated at Lund University, the Stockholm School of Business Administration, Harvard University and at the University of Stockholm where he was a doctoral student of CASSEL He was a professor of economics from 1925 to 1930 at Copenhagen and at Stockholm from 1930 to 1965 (as successor to HECKSCHER). In a parallel political career, he was a member of the Swedish parliament (1938-70), leader of the Swedish Liberal Party (1944-67) and Minister of Trade (1944-45).
As a member of the STOCKHOLM SCHOOL, he in many ways anticipated KEYNESIAN ideas by using the concepts of the PROPENsiTY TO CONSUME, LIQUIDITY PREFERENCE and the MULTIPLIER in articles of 1933 and 1934. In times of excess capacity, he argued (in 1934) that the government should undertake investment projects that would not compete with the private sector and would be deficit financed. He developed Heckscher's factor price equalization theory of international trade to produce the HECKSCHER OHLIN TRADE THEOREM. His most famous work is Interregional and International Trade (1933). His contribution to international trade theory earned him, with MEADE, the NOBEL PRlZE FOR ECONOMICS in 1977.
Reference
Samuelson, P.A. (1981) 'Berti! Ohlin (1899-1979)', Scandinavian Journal of Economics 83: 355-71.
Steiger, 0. (1976) 'Berti! Ohlin and the origins of the Keynesian Revolution', History of Political Economy 8: 341-66.

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