Showing 1 - 6 of 6
This paper tries to identify some points of touch between the Treatise on Money and the General Theory of Keynes, since a detailed analysis of some passages of the Treatise.
Persistent link: https://www.econbiz.de/10005085757
The work of Douglass North represents today an important reference for those studying issues related to growth and institutional economics. After the book Institutions, Institutional Change and Economic Performance (1990) and the Nobel prize in 1993, his contributions seem to have been...
Persistent link: https://www.econbiz.de/10005085760
This paper contemplates the evolution of Pigou's stance towards the Keynesian Revolution. Preliminarily, a brief contrast between his and Keynes's approach to the problem of unemployment is made. After that, Pigou's first reactions to The General Theory are presented, along with the rejoinder...
Persistent link: https://www.econbiz.de/10005085761
The paper investigates Dennis Robertson's effort to defend the Cambridge utilitarian tradition against the so-called "new welfare economics" in the 1950s. Robertson's sustained and isolated endeavor to rescue Marshallian cardinal utility attracted the attention of economists at the time....
Persistent link: https://www.econbiz.de/10005085785
This paper proposes that, in spite of some fundamental invariant aspects, the way of exposition of the Minsky's work central concept - the so called Financial Instability Hypothesis - changed significantly throughout his academic productive period; furthermore it assesses the traditional way this...
Persistent link: https://www.econbiz.de/10004968502
The paper investigates the rise and fall of the disequilibrium approach in macroeconomics between the mid 1960s and the late 1970s. During that period macroeconomists became attracted to the interpretation of unemployment phenomena based on the notion that markets are not in equilibrium. It was...
Persistent link: https://www.econbiz.de/10004968504