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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
This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty. After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment...
Persistent link: https://www.econbiz.de/10014473824
In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes established that both the short-run and long-run performance of...
Persistent link: https://www.econbiz.de/10014473927
The central purpose of this book is to analyse the optimal allocation of local public goods or services (for example … garbage collection, police, fire brigades and medical services) in large urban agglomerations and the allocation consequences … jurisdictions and the impact this probable increase in competition may have on the achievement of the optimal allocation of local …
Persistent link: https://www.econbiz.de/10011851526
Since their first emergence in the work of Paul David thirty years ago, the dual issues of Path Dependence and Lock-In have become critically important subjects in the fields of economics, sociology, and business strategy. Theoretical and public policy debates on these issues have arisen,...
Persistent link: https://www.econbiz.de/10011852185