Effective Human Resource Development (HRD) has long been recognised as a critical element in overall organisational strategy, and in turn is important to the ongoing sustainability of organisations. In this paper, the importance of effective HRD strategies and interventions are considered,...

Eine kritische Analyse der monetaristischen These der rationalen Erwartungen der Angebotsseite, dem Ansatz (Anreiz) zur Kapitalbildung während einer Periode der inflationären Erwartung Dieser Beitrag zeigt, daß die These der monetaristischen Theorie der rationalen Erwartungen, eine...

First paragraph: You are looking back on a long life as one of the most influential and renowned Post Keynesians. What was your motivation to become an economist?

First paragraph: »In Economics you can not convict your opponent of error, you can only convince him of it. And even if you are right you cannot convince him […] if his head is already so filled with contrary notions that he cannot catch the clues to your thought which you are trying to throw...

This paper exlains the cause of the sub prime market failure in the US and suggests policies to copy with the problem.

This paper provides critical comments on the Peter Temin - David Vines promotion of the basic Swan Diagram as (1) a policy tool to encourage any individual debtor nation experiencing balance of payment deficits to reduce its exchange rate in order to expand exports and reduce imports and (2) the...

Proponents of New Keynesian Economics (NKE) have defined their research agenda as within the Keynesian tradition where a market (supply) failure (i.e., a coordination failure) induces nominal wage/price fixities. This paper demonstrates that NKE models are not only logically incompatible with...

This paper explains why once non-probabilistic (i.e., a non-ergodic stochastic system) uncertainty is introduced into an orthodox freely flexible exchange rate model, the concept of the elasticity of expectations explains the open economy system will be extremely unstable except under the most...