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Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often … described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was … exploitative system. The scholarship on Keynes also remained divided. However, in the last few decades a more robust position in …
Persistent link: https://www.econbiz.de/10014546886
on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting. …
Persistent link: https://www.econbiz.de/10010292008
Keynes' General Theory was a massive step forward relative to classical economics, but it was also a step backward in … its denial of the conflictual nature of capitalism. There is need to understand Keynes' technical contributions regarding …. Keynes made a fundamental contribution elucidating the mechanism of effective demand, and he also has claim to be the …
Persistent link: https://www.econbiz.de/10014329437
This paper revisits Keynes's (1930) essay titled "The economic possibilities for our grandchildren." We discuss the … three broader trends identified by Keynes that he expected would come to characterize the socio-economic evolution of …
Persistent link: https://www.econbiz.de/10014474505
This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their...
Persistent link: https://www.econbiz.de/10010335193
Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II …. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce … Caldwell). The talks were delivered as part of roundtable discussion on John Maynard Keynes of Bloomsbury, the inaugural event …
Persistent link: https://www.econbiz.de/10011613791
The transcript of a panel discussion marking the fiftieth anniversary of John Muth's "Rational Expectations and the Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert Shiller, and Neil Wallace. The discussion is moderated by...
Persistent link: https://www.econbiz.de/10011613798
After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo …-) classical at the micro-level, but Keynesian at the macro-level. In actuality, Keynes' revolution was, to a substantial part … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full …
Persistent link: https://www.econbiz.de/10012140491
Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt … spezieller Fall ist. Keynes' Mikro basiert auf verhaltensökonomischen Grundlagen, die durch die Neurowissenschaften und die …Keynes's General Theory (GT) is more comprehensive than the (neo-) classical model: (1) is comprises the full …
Persistent link: https://www.econbiz.de/10012140492
Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...
Persistent link: https://www.econbiz.de/10011784683