Showing 1 - 10 of 21
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding … classical macroeconomics) to Keynes. The real story is more complicated and involves at least two distinct threads. Keynes was … central. Keynes’s vision of macroeconomics is better described as “medical.” It is based in human psychology and individual …
Persistent link: https://www.econbiz.de/10011122331
Keynes’ rationale in Economic Possibilities for our Grandchildren uses three pivotal themes: economic growth, man … consider the rationale as a whole and show that Keynes displays a criticism of capitalism, as it destroys the possibility to …
Persistent link: https://www.econbiz.de/10010787023
There is a short period, at the eve of the Second World War, where the development of macroeconomic theory pushed imperfect competition to the fore. During this period called by Shackle the ‘years of high theory’, many issues concerning income distribution and the trade cycle were raised....
Persistent link: https://www.econbiz.de/10009371100
Kaldor presents his analysis of the distribution as a Keynesian theory. His work is inspired by Keynes’ contributions …, in the Treatise on Money, and by Kalecki. However, while Keynes and Kalecki develop analyses of short period, Kaldor …
Persistent link: https://www.econbiz.de/10009371102
This article underlines the restrictive perspective of the neo-keynesian research program of "microdoundations of unemployment", compared to the keynesian project of a general theory which would marginalize the classical cases. This neo-keynesian program has first restricted the interpretation...
Persistent link: https://www.econbiz.de/10005078886
Sixty years ago, Kalecki (1943) introduced the notion of a political business cycle to the economics discipline, emphasising that individual economic interest affected not only that person's political behaviour but also overall economic growth. Since then, an extensive and remarkably...
Persistent link: https://www.econbiz.de/10005078904
of the wage relationship explains a presentation of Keynes blind on his errors and an evocation of "New classical …
Persistent link: https://www.econbiz.de/10005078911
This paper considers the economic policy advocated by Keynes and Friedman in relation to their particular theoretical …
Persistent link: https://www.econbiz.de/10010550865
Competition is a keyword in the works of Maurice Allais. From analytical point of view, competition, as differentiated sector with multiple enterprises under perfect competition, coexist with a non-differentiated sector with single nationalized company. Moreover, competition is not spontaneous...
Persistent link: https://www.econbiz.de/10010550868
This paper aims at analysing the role of uncertainty in Keynes theory of involuntary unemployment. This concept has no … role in the model of Keynes resulting from the neoclassic synthesis: a result of unvoluntary unemployment equilibrium is … obtained as to the violation of Walras law. Section 1 shows the gap between Keynes analysis of unemployment and Glustoff …
Persistent link: https://www.econbiz.de/10004962251