Showing 1 - 7 of 7
(Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to …
Persistent link: https://www.econbiz.de/10010754647
contrasts with John Maynard Keynes’s long-run policy propositions. More important, it is doomed to be ineffective if the degree … of tolerance of fiscal deficits is too low for full employment. Keynes’s view that outside the gold standard fiscal …
Persistent link: https://www.econbiz.de/10008607500
The recycling problem is general, and is not confined to a multicurrency setting: whenever there are surplus and deficit units—that is, everywhere-adjustment in real terms can be either upward or downward. The question is, Which? An attempt is made to formulate the problem in terms of the...
Persistent link: https://www.econbiz.de/10008671802
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … that view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. …
Persistent link: https://www.econbiz.de/10008868035
Hilferding, Thorstein Veblen, and John Maynard Keynes-and later by John Kenneth Galbraith. In an important sense, over the past …
Persistent link: https://www.econbiz.de/10008876436
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10011098370
working paper recommends John Maynard Keynes's "clearing union" as a blueprint for reform of the international financial … architecture that could address emerging market grievances more effectively than current approaches. Keynes's proposal for the …
Persistent link: https://www.econbiz.de/10011189243