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The paper considers the different ways in which we can approach reform of banking regulation by reflecting on different views on the nature and purpose of money and banks. We consider first the mainstream theory of banking and the interpretation of moral hazard as an expression of calculative...
Persistent link: https://www.econbiz.de/10010854886
The paper considers the different ways in which we can approach reform of banking regulation by reflecting on different views on the nature and purpose of money and banks. We consider first the mainstream theory of banking and the interpretation of moral hazard as an expression of calculative...
Persistent link: https://www.econbiz.de/10014363139
Persistent link: https://www.econbiz.de/10009612207
operationalise the concept in order to yield definitive policy recommendations; pluralism of method and the importance of judgement …. This line of reasoning too supports pluralism of method and the importance of judgement. The purpose of this paper is to …
Persistent link: https://www.econbiz.de/10005418886
Several observers have noted signs of a growing plurality in mainstream economics. At the same time there has been a growing emphasis in heterodox economics on commonality. The purpose of this paper is to explore the nature of plurality in economics in order to make sense of these...
Persistent link: https://www.econbiz.de/10010905013
It has been argued by some that the distinction between orthodox economics and heterodox economics does not fit the growing variety in economic theory, unified by a common methodological approach. On the other hand, it remains a central characteristic of heterodox economics that it does not...
Persistent link: https://www.econbiz.de/10009465887
The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...
Persistent link: https://www.econbiz.de/10009465939
orthodoxy and heterodoxy dualistic, and if so where does this leave pluralism in general and schools of thought within heterodox … economics in particular? The meaning of pluralism is explored further with respect to heterodox economics, and the notion of … structured pluralism is developed. Structured pluralism can be understood in terms of categories, connections and absence of …
Persistent link: https://www.econbiz.de/10005642087
Persistent link: https://www.econbiz.de/10011478929
Persistent link: https://www.econbiz.de/10011922971