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disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter … works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …
Persistent link: https://www.econbiz.de/10010332605
In neoclassical thinking, insufficient development is considered the result of a lack of resources, and an inefficient allocation. Deregulated markets have to guarantee a better allocation of resources as well as a net resource inflow to augment the domestic physical capital stock. From a...
Persistent link: https://www.econbiz.de/10014363083
(Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to …
Persistent link: https://www.econbiz.de/10010513085
development emphasized by Marx, i.e. the social conflict regime (Section 3) and the crisis regime (Section 4). Finally, an …
Persistent link: https://www.econbiz.de/10014503976
different value-theoretic modules in terms of their ability to explain economic evolution. With this perspective, the dynamic …
Persistent link: https://www.econbiz.de/10014503989
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
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10011335945
Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an …
Persistent link: https://www.econbiz.de/10010331098
Schumpeter showed that the boom and bust cycles are intrinsically related to the functioning of the capitalist economy …. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow … paradigm. We present two models. The first one, as a tribute to Schumpeter's work, follows strictly Schumpeter's description of …
Persistent link: https://www.econbiz.de/10010335296
the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … financial system, but also to Schumpeter's views on financing innovation. … greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into …
Persistent link: https://www.econbiz.de/10011545297