The results of recent analyses of interest rate pegging, in the context of macromodels incorporating rational expectations, stand in marked contrast to the classic Wicksellian conclusions. This paper examines this discrepancy. It is argued that the contrast is by no means wholly to the...

The paper criticizes Basil Moore's contention (in his 1988 book, "Horizontalists and Verticalists") that the theory of endogenous money invalidates the 'traditional' Keynesian idea of the multiplier.

This paper examines the treatment of the Fisher effect in Keynes's General Theory and in various Keynesian and post-Keynesian writings. It is argued that Keynes was not entirely fair to Irving Fisher but, nonetheless, that the General Theory provides the basis for a critique of Fisher's...

An investigation into the metric space generated by commodity exchange. Shows that this is an non-Euclidean space. Provides empirical data comparing labour and electricity as the possible supports for this metric space.

The paper addresses Kliman's criticisms of the observed correlations between prices and labour values. It argues that the notion of spurious correlation is not relevant in this case. It examines Kliman's own simulations and shows that his statistical correction techniques involve dividing...