Showing 1 - 10 of 20
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
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
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
The recycling problem is general, and is not confined to a multicurrency setting: whenever there are surplus and deficit units-that is, everywhere-adjustment in real terms can be either upward or downward. The question is, Which? An attempt is made to formulate the problem in terms of the...
Persistent link: https://www.econbiz.de/10010281699
Hilferding, Thorstein Veblen, and John Maynard Keynes - and later by John Kenneth Galbraith. In an important sense, over the past …
Persistent link: https://www.econbiz.de/10010281722
This paper reviews the key insights of Hyman P. Minsky in arguing why finance cannot be left to free markets, drawing on the East Asian development experience. The paper suggests that Minsky's more complete stock-flow consistent analytical framework, by putting finance at the center of analysis...
Persistent link: https://www.econbiz.de/10010286495
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. …
Persistent link: https://www.econbiz.de/10010286499
contrasts with John Maynard Keynes's long-run policy propositions. More important, it is doomed to be ineffective if the degree … of tolerance of fiscal deficits is too low for full employment. Keynes's view that outside the gold standard fiscal …
Persistent link: https://www.econbiz.de/10010286562
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