This article highlights Simon Patten's contributions to the institutionalist method and view of abundance. It illustrates Patten's role in the cross-fertilization between early institutionalists and the German Historicists. Patten's views on the societal transition to abundance, the method of...

Romer (2000) provides an alternative model to the AS/AD and IS/LM models that abandons the LM schedule by having the short-term interest rate set by the central bank. His framework acknowledges the critical role of the central bank in determining short-term interest rates, which moves mainstream...

Endogenous money represents a mainstay of Post Keynesian (PK) macroeconomics. Analytically, it provides a critical linkage between the financial and real sectors, with the link running predominantly from credit to money to economic activity. The important feature is credit is placed at the...

This economist responds to an article on reforms to social security by Thomas Michl in our November December 2001 issue. Thomas Palley believes the best way to finance social security is to cut payroll taxes and finance the public pension system from general tax revenues. Prefunding social...