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Under inflation targeting inflation exhibits negative serial correlation in the United Kingdom, and little or no persistence in Canada, Sweden and New Zealand, and estimates of the indexation parameter in hybrid New Keynesian Phillips curves are either equal to zero, or very low, in all...
Persistent link: https://www.econbiz.de/10011604897
The emergence of the gold standard has for a long time been viewed as inevitable. Fluctuations of the gold-silver exchange rate in world markets were accused to lead to brutal and unsustainable switches of bimetallic countries' money supplies. However, more recent work has shown that the option...
Persistent link: https://www.econbiz.de/10010316773
The paper proposes an interpretation of Polanyi's Great Transformation based on a distinction between two meanings contained in the concept of the embedded economy (and its opposite - the disembedded economy). Polanyi's thesis that the market economy is a disembedded economy in fact comprises...
Persistent link: https://www.econbiz.de/10010322157
economic theory, and a prolific author. Mises's writings and lectures encompassed economic theory, history, epistemology …, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity … theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a …
Persistent link: https://www.econbiz.de/10010343120
(s) of economic theory. His critics have long recognized and attacked the extremeness of Mises' epistemology of a priori …
Persistent link: https://www.econbiz.de/10011613805
Historical School; 2) initial debates in the 1920s and early 1930s on business cycle theory and policy where seniority and …
Persistent link: https://www.econbiz.de/10011613816
This paper constitutes the start of a project dedicated to Austrian economist and economic sociologist Friedrich von Wieser (1851-1926). Its central claim is that especially in recent decades, Wieser has become a disproportionately underresearched scholar, and the paper provides a set of...
Persistent link: https://www.econbiz.de/10011613822
The paper compares neoliberal market-fundamentalism and right-wing populism on the basis of its core patterns of thinking and reasoning. Hence we offer an analysis of the work of important founders of market-fundamental economic thinking (particularly von Mises) and an established definition of...
Persistent link: https://www.econbiz.de/10012001899
This paper addresses the intellectual relationship between Max Weber and three key proponents of neoliberalism: F.A. Hayek, Walter Eucken and Wilhelm Röpke. This relationship is contextualized in the history of German-language political economy, focusing on the nexus and proximity between early...
Persistent link: https://www.econbiz.de/10011951717
Ludwig von Mises hat Zeit seines Lebens die intellektuelle Auseinandersetzung mit antiliberalen und antikapitalistischen Ressentiments gesucht. Der vorliegende Beitrag greift die bereits durch Mises gestellte Frage nach möglichen Gründen für die antikapitalistischen Ressentiments der...
Persistent link: https://www.econbiz.de/10011733782