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most socialists, remained conservative in their economic policy outlook. Keynes was a revolutionary in economic theory, but …
Persistent link: https://www.econbiz.de/10014546886
The conventional wisdom about Keynes's Principle of Effective Demand is that it states something about quantities. It is widely held that the Principle determines the levels of output and employment in a world not governed by Say's Law. This paper argues that the Principle of Effective Demand...
Persistent link: https://www.econbiz.de/10010285937
. His doctoral dissertation on imperfect competition theory and his Latin American experience further reinforced this basic …
Persistent link: https://www.econbiz.de/10011506760
his close affiliation with anarchism. The article then gives a concise summary of Gesell's theory of effective demand and … evidence for rejecting Hick's classic interpretation of the General Theory. If one takes Keynes extensive discussion of Gesell …'s theory of interest as a key for understanding the General Theory, Keynes main innovation of General Theory becomes a monetary …
Persistent link: https://www.econbiz.de/10010307133
subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory …
Persistent link: https://www.econbiz.de/10010292008
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private...
Persistent link: https://www.econbiz.de/10010281714
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. …
Persistent link: https://www.econbiz.de/10010286499
used to show similarities between the two crises. K.W. Kapp's social costs theory is contrasted with the recently dominant … basis for developing an approach that puts money and finance front and center. Including the theory of social costs also …
Persistent link: https://www.econbiz.de/10010286502
Throughout all his life Karl Marx wrote angrily about capitalism. By use of a dialectic approach he was convinced that the working class had to unite and make a social revolution and thereby free them selves from exploitation. Marx himself was in many ways a dialectic person as we try to show in...
Persistent link: https://www.econbiz.de/10010321942