Introduction -- Why Are Standard Micro-foundations Wrong? -- Statistical Physics and Macroeconomics -- Stochastic Macro-Equilibrium: A Micro-foundation of Keynesian Economics -- The Business Cycle: The Role of Aggregate Demand -- Demand Saturation and Economic Growth ―― Where Keynes and...

Chapter 1. Market Mechanism: Stabilizing or Destabilizing?- Chapter 2. Artificial Wicksell–Keynes Model 3 Agent’s Behaviors -- Chapter 4. Steady State Equilibrium -- Chapter 5. Parameter Tuning for Baseline -- Chapter 6. Simulation Results and Discussions -- Chapter 7. The Mechanism of...

1. Introduction -- 2. Neoclassical Economics and Capitalism -- 3. Marxian Economics -- 4. John Maynard Keynes and Stabilization Measures -- 5. Neoclassical Economics, Marx and Keynes, and the Global Financial Crisis -- 6. Capitalism Versus Socialism: A Few Country Studies -- 7. Survival of the...

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life...

Privates Vermögen und Schulden des Staats -- Der natürliche Zins und der optimale Zins im Steady State -- Vermögen und Vermögenswunsch -- Realkapital -- Boden -- Staatsschulden -- Investition, Ersparnis und Stagnation aus keynesianischer Sicht -- Abschließende Bemerkungen zum negativen...

1. Introduction -- 2. Rationality as reasonableness: probability -- 3. Complexity and incommensurability: multidimensional, heterogeneous and interdependent magnitudes -- 4. The methodology of critique: probability and classical economic theory -- 5. Uncertainty as Greek tragedy’s legacy -- 6....

Chapter 1. Keynes’s Lakatosian Scientific Research Programme (SRP) as Outlined in The General Theory of Employment, Interest and Money (1936) -- Part I Keynes: The Meaning of Background: 1883-1910 -- Chapter 2. Keynes’s intellectual debts and the ‘Locke Connection’ -- chapter 3....

Introduction, Keynes’s Own IS-LM Approach -- Prologue to Keynes’s IS-LM, 1930 to 1932 -- The Advent of Keynes’s IS-LM, 1933 -- “The Missing Link”: Keynes’s Own Lecture Notes, December 4, 1933, Impact and Implications -- Reconstructing Keynes’s IS-LM Approach, 1931 to 1937 --...

Chapter 1: The IS-LM Model: The Reason to Go Beyond It -- Chapter 2: Interaction between the Real Sector and the Financial Sector: An Alternative to the IS-LM Model -- Chapter 3: An Alternative to the IS–LM Model: Perfect Capital Mobility -- Chapter 4: Alternative to the IS-LM: Imperfect...

1. Introduction: Work Hard and Play by the Rules -- 2. From Socrates to Smith: The Moral and Cultural Foundations of Economics -- 3. Just the Facts, Mammon: Modern Aspirations to Moral and Cultural Neutrality -- 4. Keynes' Revolutionary Vision: Consumer Satisfaction as Moral Crusade -- 5....