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Hayek; social theorist of the century
Formaini, Robert L. - In: Economic Insights (1999)
Persistent link: https://www.econbiz.de/10005545047
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Why Milton Friedman Was Rare
Henderson, David R. - In: Econ Journal Watch 10 (2013) 2, pp. 189-194
rare combination of characteristics. His brilliance showed up in his economics work early in his life and led him to some … major contributions that affected the profession’s views on Keynesian economics, the causes of the Great Depression, and …
Persistent link: https://www.econbiz.de/10010659519
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Ricardo versus Thornton on the appropriate monetary response to supply shocks
Humphrey, Thomas M. - In: Economic Review (1990) Nov, pp. 18-24
David Ricardo (1772-1823) recommended countering supply shocks with monetary contraction. Henry Thornton (1760-1815) advised a constant-money response. Their views hinged (1) on the neutrality or non-neutrality of money-stock changes on real output and employment and (2) on the costs of...
Persistent link: https://www.econbiz.de/10005063923
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How Are Inflation Expectations Formed by Consumers, Economists and the Financial Market?
Khubchandani, Shaun - 2010
Inflation expectations have been of great interest to economists because they predict how agents in an economy set … consumers, economists and the market measure and forecast inflation both in the short and in the long run. …
Persistent link: https://www.econbiz.de/10009468735
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Effective demand and short-term adjustments in the General Theory
Allain, Olivier - HAL - 2006
Keynes' principle of effective demand constitutes a pillar for Post Keynesians theories. But Keynes' presentation remains difficult to interpret, mainly because the aggregate demand function is based on entrepreneurs' expectations. The problem is then to demonstrate how these entrepreneurs...
Persistent link: https://www.econbiz.de/10010750536
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Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports
MAES, I. - In: BNL Quarterly Review 51 (1998) 207, pp. 387-412
institutions. The prevalence of academic economics during the 1970s introduced pronounced changes in the Annual Economic Reports of … changes that occurred during the period is the rise of Keynesian economics, which was eventually followed by the dominance of … monetarism and supply-side economics. …
Persistent link: https://www.econbiz.de/10010755850
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Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports
MAES, I. - In: Banca Nazionale del Lavoro Quarterly Review 51 (1998) 207, pp. 387-412
institutions. The prevalence of academic economics during the 1970s introduced pronounced changes in the Annual Economic Reports of … changes that occurred during the period is the rise of Keynesian economics, which was eventually followed by the dominance of … monetarism and supply-side economics. …
Persistent link: https://www.econbiz.de/10010755860
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John Maynard Keynes of Bloomsbury: Four Short Talks
Goodwin, Craufurd; Hoover, Kevin D.; Weintraub, E. Roy; … - Duke University, Department of Economics - 2010
. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce …
Persistent link: https://www.econbiz.de/10008549007
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Short‐Run Macro After the Crisis: The End of the “New” Neoclassical Synthesis?
Landmann, Oliver - Wirtschaftswissenschaftliche Fakultät, … - 2014
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....
Persistent link: https://www.econbiz.de/10010736526
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Effective demand and short-term adjustments in the General Theory.
Allain, Olivier - Maison des Sciences Économiques, Université Paris 1 … - 2006
Keynes' principle of effective demand constitutes a pillar for Post Keynesians theories. But Keynes' presentation remains difficult to interpret, mainly because the aggregate demand function is based on entrepreneurs' expectations. The problem is then to demonstrate how these entrepreneurs...
Persistent link: https://www.econbiz.de/10005670929