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Minsky crisis
Wray, L. Randall - 2011
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10008906540
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Die Weltwirtschaftskrise als Exempel der Überinvestitionstheorie : komplementäre Erklärungsansätze von v. Hayek/Garrison und Minsky
Sell, Friedrich L. - 2010
In diesem Beitrag werden die Grundzüge der Überinvestitionstheorien von Hyman Minsky auf der einen und die von v. Hayek/Garrison auf der anderen Seite zunächst in den „Sprachen“ der Originalbeiträge herausgearbeitet. Anschließend wird ihr möglicher Erklärungsbeitrag für die aktuelle...
Persistent link: https://www.econbiz.de/10003961724
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Reading Keynes in Buenos Aires : Prebisch and the dynamics of capitalism
Pérez Caldentey, Esteban; Vernengo, Matías - 2013
Keynes had a profound influence on Prebisch in terms of the diagnosis about the main failures of market economies and … the need to pursue pro-active and anti-cyclical policies. However, Prebisch was critical of some aspects of Keynes …, themes that were peripheral to Keynes' central message. Prebisch's Keynesian influence and his rejection of some aspects of …
Persistent link: https://www.econbiz.de/10009765700
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Uncertainty and contradiction : an essay on the business cycle
Nikiforos, Michalis - 2013
This paper presents a discussion of the forces at play behind the economic fluctuations in the medium run and their relation with the short-run macroeconomic equilibrium. The business cycle is the result of two separate phenomena. On the one hand, there is the instability caused by the...
Persistent link: https://www.econbiz.de/10009773474
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On the Minskyan business cycle
Ertürk, Korkut A. (contributor) - 2006
The essential insight Minsky drew from Keynes was that optimistic expectations about the future create a margin …, it is argued that Keynes’s views on the alternation of the bullʺ and bearʺ sentiment and asset price speculation over the …
Persistent link: https://www.econbiz.de/10003720625
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Business cycles in the economy and in economics : an econometric analysis
Geiger, Niels; Kufenko, Vadim - 2015
It is sometimes pointed out that economic research is prone to move in cycles and react to particular events such as crises and recessions. The present paper analyses this issue through a quantitative analysis by answering two closely related research questions: (1) whether or not there are...
Persistent link: https://www.econbiz.de/10011290720
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Contrasting Concepts of Capital : Yet Another Look at the Hayek-Keynes Debate
Horwitz, Steven - 2011
Although much of the debate between Hayek and Keynes is today portrayed in terms of policy differences, those are not … consider the microeconomic foundations of macroeconomic phenomena in a way that validates Hayek's complaint that Keynes …
Persistent link: https://www.econbiz.de/10013127731
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Minsky Crisis
Wray, L. Randall - 2011
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10013128003
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On the Origins of the Triffin Dilemma : Empirical Business Cycle Analysis and Imperfect Competition Theory
Maes, Ivo - 2012
Robert Triffin became famous with his trenchant analyses of the vulnerabilities of the Bretton Woods system. These are still at the center of many discussions today. This paper argues that there is a remarkable continuity in Triffin's work. From his earliest writings, Triffin developed a vision...
Persistent link: https://www.econbiz.de/10013096406
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Methodological Novelties in Keynesian Doctrine
Asavoaei, Alexandru - 2012
British economist John Maynard Keynes. This article presents some of the most important concepts that Keynes used, in order to …
Persistent link: https://www.econbiz.de/10013102568