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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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Theoretische Grundlagen demokratischer Wirtschafts- und Gesellschaftspolitik : der Beitrag von John Maynard Keynes
Pies, Ingo - 2013
Dieser Beitrag gibt einen Überblick über den Lebenslauf von John Maynard Keynes und entwickelt darauf aufbauend folgende Thesen: (a) Keynes sah sich selbst nicht primär als Wissenschaftler, sondern als Publizist. (b) Seine "General Theory" lässt sich am besten verstehen, wenn man sie als...
Persistent link: https://www.econbiz.de/10011758149
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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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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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The economics of instability : an abstract of an excerpt
Veneroso, Frank - 2018
The dominant postwar tradition in economics assumes the utility maximization of economic agents drives markets toward … embark on disequilibrium paths. Sometimes these departures are dangerously far reaching. Three great interwar economists set …
Persistent link: https://www.econbiz.de/10011824161
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Karl Marx : an early post-Keynesian? : a comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky
Hein, Eckhard - 2019
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post …
Persistent link: https://www.econbiz.de/10011994938