Showing 1 - 10 of 5,899
-run aspects of Kalecki’s fundamental profit equation (1) We argue that the short lag between investment decisions and expenditures … is an essential element of any meaningful interpretation of Kalecki’s profit equation. This lag has critical implications …Abstract Keynes and Kalecki both assume that private investment determines (but is not determined by) private savings …
Persistent link: https://www.econbiz.de/10010709576
crisis and a historical account of some early writings by Minsky on macro-prudential regulation. …
Persistent link: https://www.econbiz.de/10011095579
The monetary theory of Kalecki and Minsky is usually placed within the Post-Keynesian tradition, deriving from the … monetary analysis of John Maynard Keynes. The paper argues that Kalecki and Minsky shared a common inheritance in Swedish and … German monetary theory, rather than the Marshallian tradition. Thus the monetary analysis of Kalecki and Minsky emphasises …
Persistent link: https://www.econbiz.de/10010665073
The paper considers the legacy for modern macroeconomics of Kalecki’s theory of income determination. The latter is … Kalecki’s theoretical construction have been a lasting, even if usually unacknowledged, legacy to the toolkit of modern …
Persistent link: https://www.econbiz.de/10005126093
a synthesis between Kaldor’s and Kalecki’s theories and that of Schumpeter, might have been possible and that it …
Persistent link: https://www.econbiz.de/10010733744
theories developed during the thirties are examined in a second section, the first part focusing on Kalecki 1939’s theory based …
Persistent link: https://www.econbiz.de/10009371100
, in the Treatise on Money, and by Kalecki. However, while Keynes and Kalecki develop analyses of short period, Kaldor … studies a long period equilibrium so that the mechanism on which the adjustment is based, the flexibility of profit margins … this error shows the rate of profit depends only on the natural growth rate of the economy and on the capitalists …
Persistent link: https://www.econbiz.de/10009371102
focuses in particular on Minsky's contribution and its relevance for understanding the current crisis. …
Persistent link: https://www.econbiz.de/10010742219
analysis of the conception of business cycles developed by Minsky in his earliest work at the end of the 1950s. …
Persistent link: https://www.econbiz.de/10011122329
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010903480