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This paper examines and compares, in both historical and theoretical perspectives, Hayek and Schumpeter's account of … the common inheritance ofthese two authors, which can be traced back to Wicksell, going from Mises whose Theory of Money … and Credit provides, as we shall see, a crucial link in this perspective.The two following sections deal with Hayek and …
Persistent link: https://www.econbiz.de/10008793174
temps par Sraffa (1932) à propos du concept de "taux d'intérêt naturel" forgé par Wicksell et repris par Hayek.L'article se …
Persistent link: https://www.econbiz.de/10008794097
The objective is to interpret John von Neumann's growth model as a decisive step of the forthcoming formalist revolution of the 1950s in economics. This model gave rise to an impressive variety of comments about its classical or neoclassical underpinnings. We go beyond this traditional criterion...
Persistent link: https://www.econbiz.de/10010898473
Investigations of long-run sustainability of joint ecological-economic systems highlight the pertinence of reconsidering "free disposal" assumptions that underpin Sraffian and von Neumann approaches to value and growth theory. We investigate joint-production time-paths for square systems A and B...
Persistent link: https://www.econbiz.de/10010699850
In a first section, we shall discuss the main issues that divided Wicksell and Mises during a debate that took place … “natural rate of interest.” Then, in a second section, we shall analyze how those differences did affect Wicksell and Mises …
Persistent link: https://www.econbiz.de/10008789300
deuda. Y, por otra, se analiza, desde la perspectiva de los escritos de I. Fisher, cómo ésta actúa como factor determinante …
Persistent link: https://www.econbiz.de/10008791863
Mucho se ha hablado y escrito sobre la actual crisis económica y financiera que está golpeando tan duramente las economías desarrolladas. Al afectarnos de manera tan compleja y directa, se está prestando escasa atención a sus efectos sobre las economías y el sistema financiero de América...
Persistent link: https://www.econbiz.de/10008793111
In the traditional trade-off between internalization and externalization, economists tend to undervalue the role of intentionality (Williamson 1991) and to accord a dominant place to market coordinating devices (ex post coordination) compared to hierarchical coordinating devices (ex ante...
Persistent link: https://www.econbiz.de/10010750382
rencontrées par Hayek dans sa tentative d'endogénéiser la formation des règles constitutives de l'ordre spontané. L …
Persistent link: https://www.econbiz.de/10010750962
face of asymmetric shocks. In the spirit of keynes, exit from the euro area is to regain rapidly international …
Persistent link: https://www.econbiz.de/10010635246