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Best known as a monetary economist and prominent proponent of monetarism, Karl Brunner was deeply knowledgeable about the philosophy of science and attempted to explicitly integrate logical empiricist thinking, derived in some measure from his engagement with the work of the philosopher Hans...
Persistent link: https://www.econbiz.de/10011903527
Treatise on Probability and General Theory. Keynes favored using systems of simultaneous equations both in the A Treatise on … Probability and General Theory. A study of the student notes taken in the years from 1932 to 1935 alone will lead to the wrong …
Persistent link: https://www.econbiz.de/10012870871
complexity theory, and shows that Keynes employed an understanding of reflexivity in both his philosophical and economic thinking …. This argument is first developed in terms of his moral science conception of economics and General Theory beauty contest …
Persistent link: https://www.econbiz.de/10012977985
Persistent link: https://www.econbiz.de/10014097892
In this paper the main developments in post-Keynesian macroeconomics since the mid-1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011918712
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011560674
Persistent link: https://www.econbiz.de/10001882911
Chapter 12 of Keynes' General Theory has concepts and analytical links with strong identification with the ones used by …
Persistent link: https://www.econbiz.de/10014050208
The current consensus in macroeconomics, as represented by the New Neoclassical Synthesis, is to work within frameworks that combine intertemporal optimization, imperfect competition and sticky prices. We contrast this “NNS triangle” with a model in the spirit of Wicksell and Keynes that...
Persistent link: https://www.econbiz.de/10014199834
Keynes’s IS-LM model in the General Theory, defined in (r,Y) space and contained in chapter 21 in Part IV on pp. 298 …-299 of the General Theory, was derived from the underlying D-Z model of Chapter 20 that incorporated expectations and … ASC occurs two times in the General Theory. The first derivation is contained in ft. 2 of pp. 55-56 of the General Theory …
Persistent link: https://www.econbiz.de/10013250962