Showing 1 - 10 of 419
For almost a century, the famous C-K paradigm (formally known as Classics – Keynesian Paradigm) has been the apex of … system, the world is turning back to classical model. But, there are others who believe that Keynes theory is still alive and …
Persistent link: https://www.econbiz.de/10011259384
realism. Keynesian economic theories provide perhaps the most obvious alternative. Keynes’ General Theory has been followed by … many, forming also the basis of Minsky’s long ignored but now, after the 2008-9 crisis, all of a sudden famous explorations … neo-Kaleckian and neo-Keynesian theory to suggest a partial agenda of further scientific work including the explanation of …
Persistent link: https://www.econbiz.de/10011259591
The paper demonstrates possibilities of both convergence to the steady state and emergence of stable growth cycles around it in a simple macrodynamic model of debt-financed investment-led growth. The growth cycles are robust and are generated endogenously, either due to the existence of a...
Persistent link: https://www.econbiz.de/10011107341
derived from a neo-classical model. The results indicate that investment behaviour towards uncertainty differs significantly …
Persistent link: https://www.econbiz.de/10008557253
the same place it started. While Keynesian theories were carefully critiqued by new classical economists and in the most …In the midst of the current financial crisis the economics profession has seen a monumental resurrection of Keynesian … part discarded by the profession, Keynesian models and prescriptions became a staple of politics and macroeconomic …
Persistent link: https://www.econbiz.de/10009151291
The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...
Persistent link: https://www.econbiz.de/10014118027
institutional economics, agent-based computational economics and post-autistic economics vis-à-vis the classical and the …
Persistent link: https://www.econbiz.de/10005619939
Based on the new way of studying the work of Adam Smith in greater depth, with greater attention being paid to the use and context of his language, this investigation examines the theory of competitive exchange described in The Wealth of Nations, with the aim of bringing new contributions to the...
Persistent link: https://www.econbiz.de/10009151578
The relationship between the US and Asia will be the single biggest determinant in the evolution of the global economic … regional blocs. Asia holds the key, combining both dissatisfaction with existing global arrangements with the resources to … reconstitute, at least at the regional level, an alternative set of institutions and practices. How Asia responds will partly …
Persistent link: https://www.econbiz.de/10005025699
The paper tries to underline the most important aspects of the financial crisis in Romania. Taking into account the information speed, the full integration of the capital markets and the commercial integration, the economic crisis of 2008 is certainly a global one and it has repercussions not...
Persistent link: https://www.econbiz.de/10008753088