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Hyman Minsky is renowned for his theoretical and empirical investigation of the capitalist economy. In this book, a distinguished group of contributors provides an authoritative account of his contribution to the analysis of capitalism and, more particularly, to the fields of monetary and post...
Persistent link: https://www.econbiz.de/10011850705
During the 1990s over two dozen countries in Europe and Asia underwent a transition from centrally planned to more market-oriented economies. In Constructing a Market Economy, Richard Pomfret reviews their diverse experiences and assesses the outcome of transition in each case. The book includes...
Persistent link: https://www.econbiz.de/10012420100
The essays contained herein span over a decade and reflect David Prychitko's thinking about the role of the market system, and its relation to planning and democratic processes. The collection consists of previously published and unpublished articles written not only for economists but also for...
Persistent link: https://www.econbiz.de/10012420104
Four longitudinal case studies of Russian oil companies are drawn upon to explain the process of organisational transformation. The book highlights how and why this process differs between companies within the same industry, explores the complexity of the change process and discusses the...
Persistent link: https://www.econbiz.de/10011851592
Following German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and enable eastern Germany to catch-up with western Germany's...
Persistent link: https://www.econbiz.de/10014473913
A statement of problem -- The theory of the demand for money -- A theory of the supply of money -- The quantity theory … of money -- Inflation without a quantity of money : the Wicksellian approach. -- Technological risk and the social … function of real debt -- Monetary risk and the social function of money debt -- The quantity theory in a risky world …
Persistent link: https://www.econbiz.de/10012420049
operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …
Persistent link: https://www.econbiz.de/10011852035
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together … his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the …pt. 1. Keynesianism, monetarism and rational expectations -- pt. 2. Monetary regimes and inflation -- pt. 3. Markets …
Persistent link: https://www.econbiz.de/10011852116
perspective on psychology and economics, social norms and macroeconomics, the nature of unemployment, unemployment and inflation … (2004), 'Fairness and Inflation Persistence', Journal of the European Economic Association, 2 (2-3), April-May, 240 …-51 -- Rafael Di Tella, Robert J. MacCulloch and Andrew J. Oswald (2001), 'Preferences Over Inflation and Unemployment: Evidence …
Persistent link: https://www.econbiz.de/10011852162
It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this … idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore … presented in its place. The book aims to provide the foundations for a new analysis of inflation from a macroeconomic …
Persistent link: https://www.econbiz.de/10014474108