Purpose – Recent literature has been able to include into standard optimal growth models some hypotheses that allow for the generation of endogenous long-run fluctuations. This paper aims to contribute to this endogenous business cycles literature by considering social interactions....

Purpose – The purpose of this paper is to appraise the transition from bank-based systems to universal banking. Design/methodology/approach – The Wynne Godley and Francis Cripps macroeconomic framework is used to structure the argument. Findings – It is shown that the activity of...

Purpose – The purpose of this paper is to explore the relationship between changes in the business cycle (as indicated by the incidence and duration of unemployment) and the incidence of suicide. Design/methodology/approach – A theoretical utility model with savings and consumption is used,...

Purpose The purpose of this study is to examine the cyclical pattern of social expenditure during 1980-2012 for a set of Asian countries. The extant literature available so far has captured the cyclicality of fiscal policy only for member countries of the Organization for Economic Co-operation...

Compares and contrasts the views of Hyman P. Minsky and Thorstein Veblen concerning the systematic development of financial crises in capitalistic economies. Advances the argument that Minsky and Veblen have both successfully met the challenge of providing a reasonable explanation for the...

Purpose – Recent literature has been able to include into standard optimal growth models some hypotheses that allow for the generation of endogenous long‐run fluctuations. This paper aims to contribute to this endogenous business cycles literature by considering social interactions....

Purpose – The purpose of this paper is to appraise the transition from bank‐based systems to universal banking. Design/methodology/approach – The Wynne Godley and Francis Cripps macroeconomic framework is used to structure the argument. Findings – It is shown that the activity of...

Purpose – The purpose of this paper is to explore the relationship between changes in the business cycle (as indicated by the incidence and duration of unemployment) and the incidence of suicide. Design/methodology/approach – A theoretical utility model with savings and consumption is used,...

Seeks to demonstrate that the Talmudic scholars possessed theoretical knowledge and practical experience regarding the market phenomenon of business disturbances, recognizing the existence of a causal relationship between the physical determinants of the cycles of the weather patterns and the...

Discusses the ideas and theories of Professor F.A. Hayek and assesses their relevance to present day social economics. Opens with the theory of business‐cycles and compares Hayek′s ideas with those of Keyne′s in this area. Follows on with dynamic market theory and the theory of evolution...