Showing 1 - 10 of 363
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
The essential insight Minsky drew from Keynes was that optimistic expectations about the future create a margin …, reflected in higher asset prices, which makes it possible for borrowers to access finance in the present. In other words, the … shortfall in economic performance in relation to the level of expectations that are already capitalized in asset prices may …
Persistent link: https://www.econbiz.de/10010266484
prices in determining firms' investment decisions was later revived by Minsky, but another part, about the way self …
Persistent link: https://www.econbiz.de/10010266499
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 the mistakes that were made in the past. The mainstream … expenditures will not do. On the contrary, problems may worsen. If one wants to get serious about Keynes and Minsky, one should …
Persistent link: https://www.econbiz.de/10010266570
This paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to … methodology and microeconomics. These were aspects of economics with which Minsky is not usually associated, but which lie at the … Minsky's ideas in the work of Henry Simons, and highlights the Marshallian monetary analysis that he adopted. …
Persistent link: https://www.econbiz.de/10010266600
General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in the case of fooling …
Persistent link: https://www.econbiz.de/10010281727
literature on money. The approach taken here is integrated with Hyman Minsky's (1986) work (which relies heavily on the work of …'s approach, which relies on accounting identities; the K distribution theory of Keynes, Michal Kalecki, Nicholas Kaldor, and …
Persistent link: https://www.econbiz.de/10010286493
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and policy. Contrary to the neoclassical special case...
Persistent link: https://www.econbiz.de/10010266545
This paper examines the views of Hyman Minsky and Abba Lerner on the functional finance approach to fiscal policy. It … compares and contrasts the evolution of the views of Minsky and Lerner over the postwar period, arguing that Lerner …. Minsky's views of functional finance became more nuanced, in line with his Institutionalist approach to the economy. However …
Persistent link: https://www.econbiz.de/10012142947
In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time … were interested in post-Keynesian economics. There, Minsky delivered some lectures, and Lauchlin Currie attended two of … those lectures at the National University of Colombia. Although Currie is not as well-known as Minsky in the American …
Persistent link: https://www.econbiz.de/10012142964