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phrase of Marx: 'Die Gesamtklasse der Kapitalisten kann nichts aus der Zirkulation herausziehen, was nicht vorher …
Persistent link: https://www.econbiz.de/10010259975
phrase of Marx: 'Die Gesamtklasse der Kapitalisten kann nichts aus der Zirkulation herausziehen, was nicht vorher …
Persistent link: https://www.econbiz.de/10010954738
the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture …-Wicksellian Models of Monetary Economics</li> <li>Keynes, Samuelson, Hicks and the Fate of Keynesian Economics</li> <li>Long-Run Models …
Persistent link: https://www.econbiz.de/10011115436
The paper is aimed at stating if economic crisis observed during the period 2007-2009 will give rise to greater or reduced economic freedom. Seeking the answer to this question, Economic Freedom Index developed by Fraser Institute during the period 2007-2010 was subject to analysis. The research...
Persistent link: https://www.econbiz.de/10011273778
Two key issues are examined in an integrated framework: the emergence of global imbalances and the precautionary motive for accumulating reserves. Standard models of general equilibrium would predict modest current account surpluses in the emerging markets if they face higher risk than the US...
Persistent link: https://www.econbiz.de/10005136702
In neoclassical thinking, insufficient development is considered the result of a lack of resources, and an inefficient allocation. Deregulated markets have to guarantee a better allocation of resources as well as a net resource inflow to augment the domestic physical capital stock. From a...
Persistent link: https://www.econbiz.de/10011133408
of commercial banks' demands for the reserves required to satisfy the demand for bank loans. Keynes's version, based on …, as it is shown in the paper. In fact, the first and most important contrasting concept in Keynes's approach in comparison … to Kaldor's is the notion of liquidity. Keynes proposes a hierarchical view of liquidity, while Kaldor views liquidity as …
Persistent link: https://www.econbiz.de/10011133447
Persistent link: https://www.econbiz.de/10011765391
It is not easy to untangle the logic that in the past led to creation of the European Monetary Union (EMU) and that is currently guiding the prevailing Eurozone (EZ) policies. Although lacking the right institutions, which can be seen as the ultimate root of its crisis, the ten years of the EMU...
Persistent link: https://www.econbiz.de/10010876355
This paper attempts to emphasize the role of the rate of profit on the balance of payments by integrating the Marxian rate of profit with the post-Keynesian balance-of-payments-constrained growth model (Thirlwall’s Law). In this regard, the domestic rate of profit determines the direction...
Persistent link: https://www.econbiz.de/10011133463