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Endogenous money and the natural rate of interest : the reemergence of liquidity preference and animal spirits in the post-Keynesian theory of capital markets
Pilkington, Philip - 2014
capital markets is completely at odds with the world of fundamental uncertainty addressed by post-Keynesian economists, a …
Persistent link: https://www.econbiz.de/10010412398
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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
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Correcting Paul Samuelson’s Small Error in His November, 1963 Eulogy for Robertson : Dennis Robertson Erred Seriously in His Evaluation of Keynes’s Differential Calculus–Based Mult...
Brady, Michael Emmett - 2018
, confusions and ineptness. Samuelson had recognized that this problem of mathematical illiteracy existed in the economics … profession by 1936. Economists were shockingly unprepared in the use of even basic intermediate algebra …
Persistent link: https://www.econbiz.de/10012909554
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
postwar period - from the "Age of Keynes" through the Friedmanian era and the return of Neoclassical economics in a … Markets Hypothesis ; Keynesian Economics ; Orthodoxy ; Heterodox Economics ; Minsky ; Uncertainty ; Rational Expectations …
Persistent link: https://www.econbiz.de/10008906589
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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
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Disequilibrium Dynamics of the Monetary Economy : A Micro-Founded Synthesis of the Wicksellian Theory of Cumulative Process and the Keynesian Theory of Effective Demand
Iwai, Katsuhito - 2019
how the micro-founded theorization of the very foundation of Classical economics – the decentralized price mechanism … – actually undermines the entire structure of Classical economics. The paper establishes the following propositions. (1) If …
Persistent link: https://www.econbiz.de/10012899318
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Keynes's finance, the monetary and demand-led circuits : a Sraffian assessment
Cesaratto, Sergio; Pariboni, Riccardo - 2021
Persistent link: https://www.econbiz.de/10012493227