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Minsky and economic policy :Keynesianism all over again?

Tymoigne, Éric - 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 … 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

Economic possibilities for our grandchildren: 90 years later

Bibow, Jörg - 2024

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

From the state theory of money to modern money theory: An alternative to economic orthodoxy

Wray, L. Randall - 2014

(Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to …

Persistent link: https://www.econbiz.de/10010513085

Minsky's money manager capitalism and the global financial crisis

Wray, L. Randall - 2011

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

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. …

Persistent link: https://www.econbiz.de/10010286499

Secular stagnation or stagnation policy? Steindl after summers

Hein, Eckhard - 2015

The current debate on secular stagnation is suffering from some vagueness and several shortcomings. The same is true for the economic policy implications. Therefore, we provide an alternative view on stagnation tendencies based on Josef Steindl's contributions. In particular, Steindl (1952) can...

Persistent link: https://www.econbiz.de/10011545306

Is monetary financing inflationary? A case study of the Canadian economy, 1935 - 75

Ryan-Collins, Josh - 2015

Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost...

Persistent link: https://www.econbiz.de/10011545308

The two approaches to money: Debt, central banks, and functional finance

Mastromatteo, Giuseppe; Esposito, Lorenzo - 2015

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner's theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature of money and the origin of the business cycle and...

Persistent link: https://www.econbiz.de/10011545315

Post-Keynesian macroeconomics since the mid-1990s: Main developments

Hein, Eckhard - 2016

In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...

Persistent link: https://www.econbiz.de/10011565324

On the way to the Great Depression: The demand regime of the American economy (1900-1929)

Borazan, Ahmad A. - 2017

This paper investigates the dynamics of income distribution, private debt, and aggregate demand in the United States in the era before the Great Depression. Based on a post-Keynesian model, I estimate the effects of the wage share and private debt on aggregate demand for private domestic output....

Persistent link: https://www.econbiz.de/10011882753