This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward...

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 --...

Volume I -- 1 Cambridge, That Was: The Crucible of Heterodox Economics -- 1.1 The Narrative -- 1.2 Evolutions and Revolutions -- 1.2.1 The Great Banyan of Heterodox Traditions -- 1.2.2 Cohorts -- 1.2.3 The Cambridge Habitat -- 1.2.4 Which Cambridge? -- 1.3 Regime Change -- 1.3.1 The World of...

Chapter 1: Introduction: Luigi L. Pasinetti—A Leading Scholar of the Second Generation of the Cambridge School of Keynesian Economics -- Part I: Life and Research Activity of Luigi L. Pasinetti -- Chapter 2: Youth at Zanica, Bergamo, and Academic Studies at the Catholic University of Milan,...

Chapter 1: Empirical Input–Output Representations and Transmutations of Actual Economies -- Chapter 2: Controllability, Observability and Spectral Post-Construction of the Value Theory -- Chapter 3: The Capital Theory Debate and the Almost Uncontrollability and Unobservability of Actual...

Erik Völker untersucht ausführlich verschiedene Möglichkeiten, die soziologische Theorie der Praktiken (Praxeologie) in die ökonomische Konsumforschung zu integrieren. Im Gegensatz zur klassischen, utilitaristischen ökonomischen Theorie geht die Praxeologie von einer Habitualisierung...

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...

This book provides the statistical basis for quantitative risk management by presenting and explaining the most important distributions. Distributions describe the occurrence and impact of a risk. They are a prerequisite for risk aggregation, risk analysis and risk assessment as required by the...

Chapter 1: Some tips to use EXCEL -- Chapter 2: Some useful Numerical Methods -- Chapter 3: Probabilities with EXCEL -- Chapter 4: Stochastic Processes -- Chapter 5: Representation of Random Variables -- Chapter 6: Uncertain Algebraic Equations -- Chapter 7: Random Differential Equations --...