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institutions assumed by Keynes. Although acknowledging some evidence in support of these interpretations, the paper argues that … Keynes also developed the fundamental elements of a general theory of unemployment and potential instability under capitalism … more general message, which was partly obscured by Keynes's emphasis on modern financial institutions. …
Persistent link: https://www.econbiz.de/10005233036
Keynesian practical arguments concerning the beginning of recessions are applied. Moreover, Keynes's theory of liquidity …
Persistent link: https://www.econbiz.de/10005233044
Keynes's notion of profit expectations and "weight" is developed in order to gain some insight into agroforestry adoption …
Persistent link: https://www.econbiz.de/10005233047
rooted in the analyses of John Maynard Keynes, Paul Davidson, and John Kenneth Galbraith, we explain why developments in …
Persistent link: https://www.econbiz.de/10009353092
This paper examines Keynes's treatment of financial conventions, focusing on the stock exchange. It shows that Keynes … the potentially short duration of Keynes's financial convention with the widespread idea that informal institutions change …
Persistent link: https://www.econbiz.de/10009353097
The undertaken study purports to assess the empirical merits of the Post Keynesian doctrine as this is reflected by both the Keynesian as well as the Kaleckian theoretical approaches to investment determination. In doing so, a generalized method of moments panel data methodology provides the...
Persistent link: https://www.econbiz.de/10008741336
How does Nassim Taleb's notion of uncertainty compare with Keynes's? In describing "black swan events" as rare … had been similarly underscored by Keynes in his theory of behavior in a monetary economy. Yet beyond this apparent … similarity, Taleb's and Keynes's views of uncertainty are opposite with respect to both method and consequences. This paper …
Persistent link: https://www.econbiz.de/10008741347
uncertainty, in part related to Taleb's black swans. This black swan approach differs significantly from Keynes's idea that …
Persistent link: https://www.econbiz.de/10008741354
John Maynard Keynes argued that crises were systemic and that, unless serious reforms were implemented, they would tend … to grow in frequency and severity. The paper sets out to build a Keynes-style model of crises that captures both the …
Persistent link: https://www.econbiz.de/10008741363
whether its teachings may buttress Keynes's concept of animal spirits. Seven features constitute them: duality of reasoning …
Persistent link: https://www.econbiz.de/10010812122