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The Other J.M.: John Maurice Clark and the Keynesian Revolution

Fiorito, Luca; Vernengo, Matías - In: Journal of Economic Issues 43 (2009) 4, pp. 899-916

This paper suggests that Clark's views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preoccupation with dynamic analysis. Clark developed the multiplier in dynamic...

Persistent link: https://www.econbiz.de/10008742929

The Other J.M.: John Maurice Clark and the Keynesian Revolution

Fiorito, Luca; Vernengo, Matías - Department of Economics, University of Utah - 2008

This paper suggests that Clark’s views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preocupation with dynamic analysis. Clark developed the multiplier in dynamic...

Persistent link: https://www.econbiz.de/10005467757

AN INSTITUTIONALIST OUTLOOK ON THE ORIGINS OF PROPERTY FROM THE PERSPECTIVE OF TRANSACTION COSTS

Ion, Pohoata; Andreea-oana, Iacobuta - In: Annals of Faculty of Economics 2 (2008) 1, pp. 364-368

In new institutionalists’ analysis, the transaction costs are essential in explaining the origin of private property …; however, this aspect is not that obvious in old institutionalists’ works. But even if they did not emphasize on this issue … institutionalists in order to point out that it is not possible to explain the origin of property rights without taking into account the …

Persistent link: https://www.econbiz.de/10005091166