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The monetary economy and the economic crisis
Laidler, David - 2010
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the invisible hand, was a major...
Persistent link: https://www.econbiz.de/10010291902
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The monetary economy and the economic crisis
Laidler, David E. W. - 2011 - Revised, January 2011
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the "invisible hand", was a...
Persistent link: https://www.econbiz.de/10011708307
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Three revolutions in macroeconomics : their nature and influence
Laidler, David E. W. - 2013
It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …
Persistent link: https://www.econbiz.de/10009765542
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Lucas (1972), a personal view from the wrong side of the subsequent fifty years
Laidler, David E. W. - 2021
Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise … unfortunate side effect of this has been that, because mainstream models have no analytic room for money to play a key role in …
Persistent link: https://www.econbiz.de/10012705131
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The Brazilian connection in Milton Friedman's 1967 presidential address and 1976 Nobel lecture
Boianovsky, Mauro - 2018 - Third version, 30 July 2018
The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation … of chronic inflation. It is argued that, as an empirical economist and in the absence of evidence from industrialized … countries, Friedman found in the Brazilian 1964-66 stabilization episode significant support for his argument about inflation …
Persistent link: https://www.econbiz.de/10011890130
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Disequilibrium Dynamics of the Monetary Economy : A Micro-Founded Synthesis of the Wicksellian Theory of Cumulative Process and the Keynesian Theory of Effective Demand
Iwai, Katsuhito - 2019
unemployment never shrinks to the natural rate, and as long as adjustment costs are lump-sum and higher for price reduction than …
Persistent link: https://www.econbiz.de/10012899318
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Macro's missing link the unbridged gap between Monetarism and the Wicksell Connection
Laidler, David E. W. - 2023
Modern mainstream macroeconomics treats the economy “as if” always in equilibrium. Two older traditions, Monetarism and …
Persistent link: https://www.econbiz.de/10014309072
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2016
integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …
Persistent link: https://www.econbiz.de/10011560674
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2017
analysis of money, finance and macroeconomics and its appli-cation to changing institutional and historical circumstances, like …
Persistent link: https://www.econbiz.de/10011918712
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Three revolutions in macroeconomics : their nature and influence
Laidler, David E. W. - In: The European journal of the history of economic thought 22 (2015) 1, pp. 1-25
Persistent link: https://www.econbiz.de/10010482980