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Le Rapport Industrie - Agriculture Et Le Developpement Economique
Albu, Lucian-Liviu - Volkswirtschaftliche Fakultät, … - 1991
The structure of a national economy is generally correlated with the stage of economic development. In economic history, it was demonstrated a trend from a first stage when agriculture predominated to last stage when the sector of services is the largest. In this context, the complex...
Persistent link: https://www.econbiz.de/10008636501
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Intertwined real and monetary stochastic business cycles
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
There is no such thing as a real economy. The task, therefore, is to consistently reconstruct the fluctuations of employment and output from the interactions of real and nominal variables. The present paper does exactly this. No nonempirical concepts like utility, equilibrium, rationality,...
Persistent link: https://www.econbiz.de/10011259544
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The Truly General Theory of Employment: How Keynes Could Have Succeeded
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2014
There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...
Persistent link: https://www.econbiz.de/10011259647
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Taxes, profits, and employment: a structural axiomatic analysis
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
Standard economics is regarded as the theory of the market system. Profit is the pivotal phenomenon of this system. Contrary to expectations, though, profit is neither well defined not fully understood. The frailty of the theoretical core is passed on to the subfields. This paper provides a...
Persistent link: https://www.econbiz.de/10011260990
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Keynes’s missing axioms
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and not general. The quest for a comprehensive formal basis is guided by the question: what is the minimum set of foundational propositions for a consistent reconstruction of the...
Persistent link: https://www.econbiz.de/10009220654
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Unemployment out of nowhere
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Unemployment is usually explained with reference to the equilibrium of supply and demand in the labour market. This …
Persistent link: https://www.econbiz.de/10009223360
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Increasing returns and stability
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Increasing returns are an incontrovertible fact since Adam Smith hailed them as the very originators of wealth, yet they play havoc with general equilibrium. They fit, in marked contrast, nicely into the structural axiomatic framework. This indicates that it is worthwhile to replace the...
Persistent link: https://www.econbiz.de/10009278289
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Unemployment out of nowhere – a structural axiomatic analysis of objective determinants
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Unemployment is usually explained with reference to the equilibrium of supply and demand in the labour market. This …
Persistent link: https://www.econbiz.de/10009207081
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A dynamic model to estimate the “pure” productivity
Albu, Lucian-Liviu - Volkswirtschaftliche Fakultät, … - 2005
potential level of production (and, consequently, the estimation of the natural rate of unemployment is also altered). In order … implicitly influenced by the actual unemployment rate, it is usually recommended as a more accurate solution to try to obtain … the growth of pure productivity independently of the actual level of employment and, implicitly, of the unemployment rate …
Persistent link: https://www.econbiz.de/10005836245
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Strain and the inflation - unemployment relationship: a conceptual and empirical investigation
Daianu, Daniel; Albu, Lucian-Liviu - Volkswirtschaftliche Fakultät, … - 1996
Economic theory tells that a command system allocates resources poorly because of the impossibility of economic calculation. Therefore, once prices are freed and start to operate at quasi-equilibrium (market-clearing) levels, the hidden inefficiencies come into the open and a massive resource...
Persistent link: https://www.econbiz.de/10005837452