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Values and Institutions in Economic Analysis
Ben-Ner, Avner; Putterman, Louis - 1997
, and other social and behavioral sciences, especially evolutionary psychology, suggest that individual human beings may be … resources is the exclusive and immutable concern of human individuals. The natural sciences, evolutionary biology in particular …
Persistent link: https://www.econbiz.de/10010420242
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Finance and crisis: Marxian, institutionalist and circuitist approaches
Argitis, Georgios; Evans, Trevor; Michell, Jo; … - 2014
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There …
Persistent link: https://www.econbiz.de/10010435907
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Theories of finance and financial crisis: Lessons for the Great Recession
Dodig, Nina; Herr, Hansjörg - 2015
This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which...
Persistent link: https://www.econbiz.de/10010491264
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From the state theory of money to modern money theory: An alternative to economic orthodoxy
Wray, L. Randall - 2014
This paper explores the intellectual history of the state, or chartalist, approach to money, from the early developers (Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to modern exponents Hyman Minsky, Charles Goodhart, and...
Persistent link: https://www.econbiz.de/10010513085
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The Veblenian roots of Institutional Political Economy
Ford, Kirsten - 2011
The term 'Institutional Economics' has been applied to some of capitalism's strongest critics as well as its most … ardent apologists. This paradox in terms has bred contradictory literature in development economics, some declaring the death … of this line of thought while others herald its resurgence. In examining the roots of Institutional economics, this paper …
Persistent link: https://www.econbiz.de/10010288088
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Functional finance: A comparison of the evolution of the positions of Hyman Minsky and Abba Lerner
Wray, Larry Randall - 2018
This paper examines the views of Hyman Minsky and Abba Lerner on the functional finance approach to fiscal policy. It argues that the main principles of functional finance were relatively widely held in the immediate postwar period. However, with the rise of the Phillips curve, the return of the...
Persistent link: https://www.econbiz.de/10012142947
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70 years after the German currency and economic reform: The monetary, economic and political order in Europe is disturbed
Schnabl, Gunther - 2018
The currency reform on 20 June 1948, together with a comprehensive liberalisation of prices and the implementation of monopoly control, formed the basis for the West German economic miracle. From then on, the market principles formulated by Walter Eucken und implemented by Ludwig Erhard became...
Persistent link: https://www.econbiz.de/10011937800
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Money
Wray, L. Randall - 2010
possible. These three propositions are used to build a theory of money that is linked to common themes in the heterodox …, and Charles Goodhart). Hence, this paper takes a somewhat different route to develop the more typical heterodox …
Persistent link: https://www.econbiz.de/10010286493
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Pluralismus in der Ökonomik - verpasste Chance, überfälliges Programm oder normalwissenschaftliche Realität?
Quaas, Friedrun - 2020
The pluralism debate in economics that has been going on for two decades has not yet been able to provide an exhaustive … teaching and research by the so-called neoclassical mainstream, despite a meanwhile institutionalized "Pluralist Economics …
Persistent link: https://www.econbiz.de/10012197950
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Der spezifische Liberalismus von Hayek im Spektrum des Neoliberalismus
Quaas, Friedrun - 2019
methodological individualism. But Hayek polarizes, not only between followers and opponents, but also within the representatives of …
Persistent link: https://www.econbiz.de/10011985041