This paper examines the relationship of the monetary economics of James Tobin to modern monetary theory, which has …’s series on Great Thinkers in Economics. …

economists associated with various research traditions, going from the neo-classical synthesis in the 1960s, the New Classical … Economics in the 1970s and the New Keynesianism in the 1980s. …

course of modern monetary economics. On the one hand, it revealed the deadlocks of Don Patinkin's project to integrate … disequilibrium monetary theory. Fourth, such a project failed because of Clower's (1965) approach to disequilibrium economics. …

and went on to study institutions, helping to establish the New Institutional Economics. His political theory evolved with …

' and recent neoclassical economists' economics as the optimal use of scare resources. Commitment to first principles risks …The role of first principles in economics is examined through the lens of dominant methodological approaches of the … first principles as the basis for deductivist approaches to economics and the widespread belief that economics is an …

economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad …

, history of economic thought and post-Keynesian economics – are discussed against aspects of his biographical background. …