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This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011994938
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and 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...
Persistent link: https://www.econbiz.de/10003868819
Although much of the debate between Hayek and Keynes is today portrayed in terms of policy differences, those are not the most fundamental divisions between their conceptions of economics. I argue that their economics diverges most significantly in how they understand the role of capital in a...
Persistent link: https://www.econbiz.de/10013127731
Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...
Persistent link: https://www.econbiz.de/10013084582
Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macro-economics of the medium-run. This paper recounts the history of Solow's different attempts to address this issue. It starts in early 1950s when Solow...
Persistent link: https://www.econbiz.de/10013076001
In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time … were interested in post-Keynesian economics. There, Minsky delivered some lectures, and Lauchlin Currie attended two of … those lectures at the National University of Colombia. Although Currie is not as well-known as Minsky in the American …
Persistent link: https://www.econbiz.de/10012909092
in 1986. It contains Minsky's assessment of Kalecki's contribution. According to Minsky, the question of Kalecki …The paper is a to date unpublished contribution by Minsky prepared for a conference at the University of Perugia held … is that both Kalecki and Keynes provide elements that are essential components for understanding the behavior of …
Persistent link: https://www.econbiz.de/10013052391
Frederic Bastiat (1801-1850) was an economist and journalist. A member of the French Liberal School, he is best known for his free trade ideas and his philosophy of law. Mark Blaug ranks him as one of the 100 greatest economists before Keynes. Schumpeter called him a brilliant economic...
Persistent link: https://www.econbiz.de/10013054141
Frederic Bastiat (1801-1850) was a French economist and journalist. One of his classic works is The Candlemakers' Petition, which uses the reductio ad absurdum philosophical technique to dismantle the arguments the French protectionists put forth to protect French industry in the mid-nineteenth...
Persistent link: https://www.econbiz.de/10013054144
This paper provides an overview and discussion of the legal and economic philosophy of Frederic Bastiat (1801-1850), a French political economist. A bibliography with links to other Bastiat studies is also included
Persistent link: https://www.econbiz.de/10013054147