Similar Search Results

An outline of a Keynesian-Sraffian macroeconomics

Kregel, Jan A.; Roncaglia, Alessandro - In: New perspectives on political economy and its history, (pp. 365-381). 2020

. Both challenged neoclassical price theories. Keynes formulated a "monetary theory of production" that led to a liquidity … preference theory of financial asset prices; Sraffa a theory of prices of production. Keynes rejected the idea of a natural rate …'s analysis and the structure of Keynes's theory, and then draw their conclusions. …

Persistent link: https://www.econbiz.de/10012222649

Classics today: Smith, Ricardo, Marx

Gehrke, Christian; Kurz, Heinz D.; Sturn, Richard - In: New perspectives on political economy and its history, (pp. 171-192). 2020

This chapter argues that modern readers can benefit from studying the classics today, because the classical approach to studying an economic system in motion under a cumulative process of division of labour offers a superior starting point for analysing salient properties of capitalist market...

Persistent link: https://www.econbiz.de/10012222611

Bentham and Ricardo's rendez-vous Manqués

Depoortère, Christophe; Lapidus, André; Sigot, Nathalie - In: New perspectives on political economy and its history, (pp. 195-216). 2020

This chapter discusses the possible influence of Bentham on Ricardo's economics through three rendez-vous. The first one was mediated by James Mill: we show that (i) if Mill ever had an influence on Ricardo early in their relationship, he was not yet Benthamian, and (ii) if this influence was to...

Persistent link: https://www.econbiz.de/10012222615

The original meaning of "liquidity trap" in the early discussions between Robertson and Keynes

Fantacci, Luca; Sanfilippo, Eleonora - In: New perspectives on political economy and its history, (pp. 343-363). 2020

The concept of "liquidity trap" has recently seen a revival in macroeconomics. Its definition, however, is not univocal. It may be useful, therefore, to turn back to the original meaning of this expression in the works of the economists that first introduced it into economic analysis, John M....

Persistent link: https://www.econbiz.de/10012222648