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Keynesian multipliers and the cost of public funds under monopolistic competition

Heijdra, Ben J. - In: The economic journal : the journal of the Royal … 106 (1996) 438, pp. 1284-1296

Persistent link: https://www.econbiz.de/10001207258

Theories of value and the monetary theory of production

Wray, L. Randall - 1998

Persistent link: https://www.econbiz.de/10000168262

The continuing legacy of John Maynard Keynes

Wray, L. Randall (contributor) - 2007

This working paper examines the legacy of Keynes’s General Theory of Employment, Interest, and Money (1936) on the … September 2006. -- Keynes's Legacy ; Keynesian Theory ; Keynesian Policy …

Persistent link: https://www.econbiz.de/10003727100

The Keynesian roots of stock-flow consistent macroeconomic models : peering over the edge of the short period

Silva, Antonio Carlos Macedo e (contributor) - 2008

This paper argues that institutionally rich stock-flow consistent modelsthat is, models in which economic agents are identified with the main social categories/institutional sectors of actual capitalist economies, the short period behavior of these agents is thoroughly described, and the period...

Persistent link: https://www.econbiz.de/10003727296

Keynes's approach to full employment : aggregate or targeted demand?

Tcherneva, Pavlina R. (contributor) - 2008

This paper argues that John Maynard Keynes had a targeted (as contrasted with aggregate) demand approach to full employment. Modern policies, which aim to close the demand gap,ʺ are inconsistent with the Keynesian approach on both theoretical and methodological grounds. Aggregate demand tends...

Persistent link: https://www.econbiz.de/10003773510

Minsky and economic policy :"Keynesianismʺ all over again?

Tymoigne, Éric (contributor) - 2008

Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and discovering Minsky are noble goals, one should also remember...

Persistent link: https://www.econbiz.de/10003773518

Revisiting (and connecting) Marglin-Bhaduri and Minsky : an SFC look at financialization and profit-led growth

Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2009

Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...

Persistent link: https://www.econbiz.de/10003859971

Keynes after 75 years : rethinking money as a public monopoly

Wray, L. Randall - 2011

which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. -- Money ; Public … Monopoly ; Monetary Theory of Production ; Keynes ; Marx ; Veblen ; Knapp ; Chartalism …

Persistent link: https://www.econbiz.de/10008906545

Financial Keynesianism and market instability

Wray, L. Randall - 2011

In this paper I will follow Hyman Minsky in arguing that the postwar period has seen a slow transformation of the economy from a structure that could be characterized as "robust" to one that is "fragile". While many economists and policymakers have argued that "no one saw it coming", Minsky and...

Persistent link: https://www.econbiz.de/10008906576

The dismal state of macroeconomics and the opportunity for a new beginning

Wray, L. Randall - 2011

) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …

Persistent link: https://www.econbiz.de/10008906589