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The General Theory as "depression economics"? : financial instability and crises in Keynes's monetary thought

Bibow, Jörg - 2020

-)classical theory that is relevant only to "depression economics"-refuting the interpretation offered by J. R. Hicks (1937) in his … depression economics continues to describe the mainstream's failure to engage in relevant monetary economics. …

Persistent link: https://www.econbiz.de/10012291986

Three revolutions in macroeconomics : their nature and influence

Laidler, David E. W. - 2013

despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

Persistent link: https://www.econbiz.de/10009765542

Short-run macro after the crisis : the end of the "new" neoclassical synthesis?

Landmann, Oliver - 2014 - Rev.

The Financial Crisis of 2008, and the Great Recession in its wake, have shaken up macroeconomics. The paradigm of the "New" Neoclassical Synthesis, which seemed to provide a robust framework of analysis for short-run macro not long ago, fails to capture key elements of the recent crisis. This...

Persistent link: https://www.econbiz.de/10010242840

The Keynesian Theory and the Theory of Cycle of Money

Challoumis, Constantinos - 2019

The Keynesian theory aims at issues that authorities are able to interact with the economy, to face crises and to administrate dysfunctions on the economy. The Keynesian theory uses the demand side effect and not the supply side effect on the economy. The government and the authorities provide...

Persistent link: https://www.econbiz.de/10012872042

Lucas (1972), a personal view from the wrong side of the subsequent fifty years

Laidler, David E. W. - 2021

Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise" model lost its central place in the area within a decade because of empirical difficulties. However, Lucas's novel methodology, based on clearing markets and rational...

Persistent link: https://www.econbiz.de/10012705131

Reassessing the thesis of the monetary history

Laidler, David E. W. - 2013

The economic crisis that began in 2007 and still lingers has invited comparison with the Great Depression of the 1930s. It has also generated renewed interest in Milton Friedman and Anna Schwartz's explanation of the latter as mainly the consequence of the Fed's failure as a lender of last...

Persistent link: https://www.econbiz.de/10010191681

How economists ignored the Spanish Flu pandemic in 1918-1920

Boianovsky, Mauro; Erreygers, Guido - In: Erasmus journal for philosophy and economics : EJPE 14 (2021) 1, pp. 89-109

Persistent link: https://www.econbiz.de/10012617043

How economists ignored the Spanish Flu pandemic in 1918-20

Boianovsky, Mauro; Erreygers, Guido - 2021

The current COVID-19 pandemic has attracted significant attention from epidemiologists and economists alike. This … differs from the 1918-19 Spanish Influenza pandemic, when academic economists hardly paid attention to its economic features …, despite its very high mortality toll. We examine the reasons for that, by contrasting the ways epidemiologists and economists …

Persistent link: https://www.econbiz.de/10012436091

Prosperity and stagnation in capitalist economies

Asada, Tōichirō; Flaschel, Peter; Skott, Peter - 2005

The KMG growth dynamics in Chiarella and Flaschel (2000) assume that wages, prices and quantities adjust sluggishly to disequilibria in labor and goods markets. This paper modifies the KMG model by introducing Steindlian features of capital accumulation and income distribution. The resulting...

Persistent link: https://www.econbiz.de/10011527466

Limits to exhilarationism : revisiting Kaldorian dynamics

Raghavendra, S. - 2005

Persistent link: https://www.econbiz.de/10003182798

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