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relations of the Keynes’s General Theory. In Section 1 I shall depict the concept of probability and that of the weight of …
Persistent link: https://www.econbiz.de/10011259133
in the project -The return to Keynes. Speculation and stabilization policies: money and commodities- financed by the … Italian Ministry of Education (PRIN 2008). They focus on four main areas of investigation: Keynes’s ideas on speculation, case … studies of Keynes speculative activity in selected commodity markets, measures of commodity price volatility and proposals for …
Persistent link: https://www.econbiz.de/10011259254
much attention here, ascribes such importance to Say‟s Law that he sees it as the point of origin for Keynes‟ General …
Persistent link: https://www.econbiz.de/10011259470
realism. Keynesian economic theories provide perhaps the most obvious alternative. Keynes’ General Theory has been followed by … conceptually limited. Keynes’ critique of neoclassical economic theory and his alternative theories of particularly the effective … the possibility of going beyond Keynes and Kalecki in terms of a general field theory of global political economy that can …
Persistent link: https://www.econbiz.de/10011259591
This paper describes the history of the national accounts starting from the incidental estimates by Petty, King and Davenant in the seventeenth century. The period 1930-1950 was a revolution in terms of the roles and uses of the national accounts, e.g. the discovery of input-output analysis,...
Persistent link: https://www.econbiz.de/10009386722
occupied central importance in the history of economic thought. This paper focuses on Marx and Keynes and argues that Marx … as well as the precise mechanism that leads the economy to its crisis stage. Keynes’s analysis, although sketchy, has … more in common with Marx and Smith than with Ricardo and neoclassical economics. Furthermore, Keynes’s views on effective …
Persistent link: https://www.econbiz.de/10009418516
Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by … the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the …
Persistent link: https://www.econbiz.de/10005837533
Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … supply. Keynes starts with the Marshallian equilibrium notion. The main innovation of Keynes--a conception of macroeconomic …
Persistent link: https://www.econbiz.de/10008515855
Without national accounts statistics, citizens, politicians, entrepreneurs and economists would be blind for the size, composition and development of national economies. This book provides a unique overview of the merits and limitations of the national accounts. Attention is paid to the three...
Persistent link: https://www.econbiz.de/10008543032
Classical political economy was underpinned by a shared view of the economy as a circular flow. This begged the question of how the value of produce can exceed the value of factor inputs: the ‘Profit Puzzle’. In this paper we advocate an understanding of the Profit Puzzle as a monetary...
Persistent link: https://www.econbiz.de/10008470460