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or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short …
Persistent link: https://www.econbiz.de/10011381299
disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter … works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …
Persistent link: https://www.econbiz.de/10010332605
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011997039
Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public …
Persistent link: https://www.econbiz.de/10011957284
This paper provides an analysis of Keynes's original Bancor proposal as well as more recent proposals for fixed …
Persistent link: https://www.econbiz.de/10010266537
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 … interpretation and implementation of Keynes's ideas have been very different from what Keynes proposed, and they have been reduced to …
Persistent link: https://www.econbiz.de/10010266570
The paper analyses in light of Austrian and Keynesian economic theory the impact of conventional and unconventional monetary policies as therapies for financial crises. It compares the financial market stabilization measures of the Federal Reserve System and the European System of Central Banks...
Persistent link: https://www.econbiz.de/10012197951
This paper revisits Keynes's (1930) essay titled "The economic possibilities for our grandchildren." We discuss the … three broader trends identified by Keynes that he expected would come to characterize the socio-economic evolution of …
Persistent link: https://www.econbiz.de/10014474505
conformity with Keynes's own analysis. Moreover, the eclectic approach to behavioral foundations allows models in this tradition …
Persistent link: https://www.econbiz.de/10010457006
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10010513039