Showing 1 - 8 of 8
This paper deals with the relationship between post-Keynesian and behavioural economics. I begin by responding critically to Paul Davidson's claim that Keynes was the first behavioural economist. Then I discuss some recent work in behavioural macroeconomics, which reveals some important...
Persistent link: https://www.econbiz.de/10014363177
This keynote reflects on the phased-out original neoclassical research program and the dominance of originally heterodox issues and questions, all beyond the 'optimality and equilibrium of the market economy', in modern cutting-edge economic research. This provides opportunities for heterodoxies...
Persistent link: https://www.econbiz.de/10014363184
In the last 2 decades, the Netherlands has experienced an increase in real-estate prices, accompanied by an increase in mortgages and a marked decline in household savings. As a consequence, banks are faced with a large retail funding gap: outstanding mortgage debt is insufficiently matched by...
Persistent link: https://www.econbiz.de/10014363224
The standard textbook presentation of many policy issues, such as the financial crisis and income distribution, is problematic. This view is shared by many economists, both mainstream and heterodox. Despite this agreement, it has not and will not change because the textbook presentations have...
Persistent link: https://www.econbiz.de/10014363238
While Kaleckian authors tend to find that economies are in a wage-led demand regime, Goodwinian authors tend to find that economies are in a profit-led demand regime. This paper avoids econometric technicalities and provides instead a historical perspective, going back to the empirical study of...
Persistent link: https://www.econbiz.de/10014363294
Demands for pluralism in economics education have been widespread in recent years. As change in the universities is slow and piecemeal, we present a comparative approach to economics which builds the intellectual basis for the online learning platform Exploring Economics...
Persistent link: https://www.econbiz.de/10014363297
The many contributions of post-Keynesian economists to understanding the causes of the global financial crisis that began in 2008 could be enhanced by integrating the research by feminist and stratification economists. These groups have produced a body of work analysing trends in inter-group and...
Persistent link: https://www.econbiz.de/10014363351
Following its revival in the 1980s, the idea of endogenous money became increasingly widely accepted. Indeed the 2008 global financial crisis was widely blamed on the untrammelled power of banks to create credit. As a result, among the ideas for reforming the monetary system are proposals...
Persistent link: https://www.econbiz.de/10014363398