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"Contingency, irony, and solidarity" in the era of polycrisis : institutionalist economics beyond the t/T duality
Dymski, Gary Arthur - In: Journal of economic issues 58 (2024) 2, pp. 378-396
Persistent link: https://www.econbiz.de/10014575746
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The elephant in the other room
Veneziani, Roberto; Skillman, Gilbert L. - 2024 - This draft: 12 September 2023
theory. It manifests the author's command of cutting edge analytical tools, concepts, and theoretical approaches both in the …/Kaleckian account of demand-constrained equilibrium, is a viable -- indeed, superior -- alternative to mainstream theory. While the book …
Persistent link: https://www.econbiz.de/10014476014
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A micro foundational episode of the early history of macroeconomics : a 1932 debate on Walrasian economics and multiple equilibria
Assous, Michaël; Carret, Vincent - 2023
This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in the absence of a coordinated action to...
Persistent link: https://www.econbiz.de/10014474723
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Toward a political economy of macroeconomic thinking
Saint-Paul, Gilles - 2011
Persistent link: https://www.econbiz.de/10009378432
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Microfoundational programs
Hoover, Kevin D. - 2010 - Revised, 16 May 2010
distinction was drawn quite independently of Keynes, yet Keynes's General Theory led to its widespread adoption. The question of … directly in Keynes's own theorizing in the General Theory; a fixed-price general-equilibrium theory, which includes some work … programs and their interrelationship, especially in relationship to the programs of general-equilibrium theory and econometrics …
Persistent link: https://www.econbiz.de/10011603312
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Entrepreneurial economies
Holcombe, Randall G. - In: Economies : open access journal 9 (2021) 3, pp. 1-12
The study of entrepreneurship often focuses on the activities of the entrepreneur. While entrepreneurship is undertaken by individuals, the degree to which individuals are entrepreneurial, and the directions in which their entrepreneurial actions take, are the result of the institutional...
Persistent link: https://www.econbiz.de/10012619255
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Business cycle volatility and globalization : a survey
Buch, Claudia M. - 2002
The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...
Persistent link: https://www.econbiz.de/10011474806
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Financial openness and business cycle volatility
Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002
This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....
Persistent link: https://www.econbiz.de/10011475038
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Financial market integration and business cycle volatility in a monetary union
Pierdzioch, Christian - 2002
This paper uses a dynamic general equilibrium two-country optimizing sticky-price model to analyze the consequences of international financial market integration for the propagation of asymmetric productivity shocks in a monetary union. The model implies that business cycle volatility is higher...
Persistent link: https://www.econbiz.de/10011475042