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Milton Friedman's contributions to macroeconomics and teir Influence

Laidler, David - 2012

Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian …

Persistent link: https://www.econbiz.de/10010291906

How Keynes came to Britain

Skidelsky, Robert Jacob Alexander - In: Review of Keynesian economics 4 (2016) 1, pp. 4-19

Persistent link: https://www.econbiz.de/10011450745

Not for Love Nor Money : Milton Friedman's Counter-Revolution

Freedman, Craig - 2009

In 1969 Don Patinkin responded to a 1956 claim made by Milton Friedman concerning the 'oral tradition' at Chicago in the thirties and forties. Friedman's seemingly innocuous remark initiated a debate over an apparent characterisation of a school of thought rather than any specific theoretical or...

Persistent link: https://www.econbiz.de/10014052387

The Constitutional Approach to Money : Monetary Design and the Production of the Modern World

Desan, Christine A. - 2016

In the modern lexicon, money is pure instrumentality, a colorless medium that transparently expresses real value. Contrary to that trope, however, we can get “inside” money: we can reconnoiter it as a structure entailing value that is engineered by certain societies. Taking a...

Persistent link: https://www.econbiz.de/10013000178

Liquidity preference theory revisited : to ditch or to build on it?

Bibow, Jörg (contributor) - 2005

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … policy. Contrary to the neoclassical "special case" interpretation, Keynes considered his liquidity preference theory of … Keynes's analysis offers insights into practical issues, such as policy credibility and expectations management, that reach …

Persistent link: https://www.econbiz.de/10003229836

Two Harvard economists on monetary economics: Lauchlin Currie and Hyman Minsky on financial systems and crises

Velasquez, Iván D. - 2018

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....

Persistent link: https://www.econbiz.de/10011925602

Functional finance : a comparison of the evolution of the positions of Hyman Minsky and Abba Lerner

Wray, L. Randall - 2018

This paper examines the views of Hyman Minsky and Abba Lerner on the functional finance approach to fiscal policy. It argues that the main principles of functional finance were relatively widely held in the immediate postwar period. However, with the rise of the Phillips curve, the return of the...

Persistent link: https://www.econbiz.de/10011794285

Doing Monetary Economics in the South : Subercaseaux on Paper Money

Alcouffe, Alain - 2012

In 1912 Guillermo Subercaseaux (1872-1959), a professor of economics at the University of Chile, published El Papel Moneda, translated into French in 1920 as Le Papier-Monnaie. Subercaseaux's book was reviewed in North-American and European economic journals, and was regarded by Knut Wicksell...

Persistent link: https://www.econbiz.de/10013108694

Investigating the Intellectual Origins of Euroland's Macroeconomic Policy Regime : Central Banking Institutions in West Germany after the War

Bibow, Jörg - 2004

This paper investigates the (re-)establishment of central banking in West Germany after 1945 and the history of the Bundesbank Act of 1957. The main focus is on the early emphasis on the 'independence' of the central bank, which, together with a 'stability-orientation' in monetary policy, proved...

Persistent link: https://www.econbiz.de/10014071707

What did it take for Lucas to set up ‘useful’ analogue systems in monetary business cycle theory?

Galbács, Peter - 2021

This paper provides a look into what Lucas meant by the term ‘analogue systems’ and how he conceived making them useful. It is argued that any model with remarkable predictive success can be regarded as an analogue system, the term is thus neutral in terms of usefulness. To be useful Lucas...

Persistent link: https://www.econbiz.de/10013312369