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Taking Back Globalization
Duggan, Marie Christine - In: Review of Radical Political Economics 45 (2013) 4, pp. 508-516
. During World War II, Keynes had similar misgivings about the effect of postwar free trade on Britain’s economy. Yet for … Keynes, economic forces are never inevitable, and capital rather than labor was the cause of trouble. His 1941 proposal for …
Persistent link: https://www.econbiz.de/10011137372
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Keynes and the Long Period: The Economic Possibilities for Our Grandchildren
Pozzolo, Alberto Franco; Rancan, Antonella - In: QA - Rivista dell'Associazione Rossi-Doria (2010) 1
Keynes’s long period considerations set out in the essay Economic possibilities for our grandchildren. Comments concentrate … on two of Keynes’s principal forecasts, improvement in the tenor of life and solution of the economic problem, offering …, comparison is made between the thesis Keynes set out in the General Theory and the argumentation pursued by the post …
Persistent link: https://www.econbiz.de/10008508599
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Chapter 36 Agent-Based Macro
Leijonhufvud, Axel - In: Handbook of computational economics : volume 2, …, (pp. 1625-1637). 2006
capitalistic economy. Keynes challenged the presumption that flexibility of all prices guaranteed the stability of general …
Persistent link: https://www.econbiz.de/10014024369
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La formulation du modèle keynésien et le choix de l'unité de mesure
Béraud, Alain - In: Recherches économiques de Louvain 80 (2014) 3, pp. 21-50
This contribution analyzes how Keynes and the Keynesians asked the question of the choice of the unit of measure of the … macroeconomic aggregates. Underlining the narrow relationships which exist between the lectures Keynes professed between 1933 and … 1935 and the diverse versions of the model IS-LM, it shows that the problems arise from the way Keynes had approached this …
Persistent link: https://www.econbiz.de/10011187379
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Economical Behaviour and Economic Relations
Nikolov, Ivan - In: Economic Thought journal (2008) 7, pp. 64-72
In the late 40-ies of XX c., Claude Shannon developed the formula for the information unit, the bit. Since then, the problem concerning the informative essence of the economic processes and the phenomena in general initiated a new direction in science. However, the information theory has still...
Persistent link: https://www.econbiz.de/10005385192
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The Evolution of Economic Theory during the Twentieth Century
Mladenova, Zoya - In: Economic Thought journal (2006) 7, pp. 49-71
The paper deals with the development of economic theory during the XX century. It aims to present some of the main steps and achievements of economic thought in the last century. Sharing the vision, that pluralism is the principal characteristics of the development of the XX century economic...
Persistent link: https://www.econbiz.de/10005385199
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A view on post-Keynesian interest rate policy
Argitis, Giorgos - In: European Journal of Economics and Economic Policies: … 8 (2011) 1, pp. 91-112
The dominant role of the "new consensus models" in central banks’ policy-making in the last two decades has triggered the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor-type interest rate rules. This paper develops a...
Persistent link: https://www.econbiz.de/10011133342
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Unemployment: natural rate epicycles or hysteresis?
Cross, Rod - In: European Journal of Economics and Economic Policies: … 11 (2014) 2, pp. 136-148
This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by ‘structural’ variables alone, is wrong: it is both implausible and inconsistent with the evidence. Instead, equilibrium unemployment is haunted by hysteresis. The...
Persistent link: https://www.econbiz.de/10011133346
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Fiscal spending multiplier calculations based on input-output tables – an application to EU member states
Pusch, Toralf - In: European Journal of Economics and Economic Policies: … 9 (2012) 1, pp. 129-144
Fiscal spending multiplier calculations have attracted considerable attention in the aftermath of the global financial crisis. Much of the current literature is based on VAR estimation methods and DSGE models. In line with the Keynesian literature we argue that many of these models probably...
Persistent link: https://www.econbiz.de/10011133409
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Were the original Canada–US Free Trade Agreement (CUSFTA) and the North American Free Trade Agreement (NAFTA) significant policy turning points? Understanding the evolution of macroeconomic policy from the pre- to the post-NAFTA era in North America
Seccareccia, Mario - In: Review of Keynesian Economics 2 (2014) 4, pp. 414-428
This article reviews the Keynesian/heterodox critique of free trade and the principle of comparative advantage, and offers some prima facie empirical evidence for North America that contradicts the basic predictions of the traditional free trade model. The evidence supports, instead, the view...
Persistent link: https://www.econbiz.de/10011133430