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The general theory at 80 : reflections on the history and enduring relevance of Keynes' economics

Palley, Thomas I. - 2017

This paper reflects on the history and enduring relevance of Keynes? economics. Keynes unleashed a devastating critique …

Persistent link: https://www.econbiz.de/10011924527

Peter Howitt - a Keynesian still in recovery

Laidler, David E. W. - 2022

Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a...

Persistent link: https://www.econbiz.de/10013371005

Paul Krugman's "liquidity trap" and other misadventures with Keynes

Taylor, Lance - In: Review of Keynesian economics 2 (2014) 4, pp. 483-489

Persistent link: https://www.econbiz.de/10010437197

The origins, development, and fate of Clower's "stock-flow" general-equilibrium program

Plassard, Romain - 2015

Before becoming the hallmark of macroeconomics à la Wynne Godley, the 'stock-flow' analysis was already developed in microeconomics and general equilibrium theory. Basically, the goal was to study the formation of economic plans and the determination of market prices when individuals were...

Persistent link: https://www.econbiz.de/10011600496

Keynes' denial of conflict : why The General Theory is a misleading guide to capitalism and stagnation

Palley, Thomas I. - 2023

Keynes' General Theory was a massive step forward relative to classical economics, but it was also a step backward in … its denial of the conflictual nature of capitalism. There is need to understand Keynes' technical contributions regarding …. Keynes made a fundamental contribution elucidating the mechanism of effective demand, and he also has claim to be the …

Persistent link: https://www.econbiz.de/10014327477

Fiscal Multipliers and Factors of Growth in Poland and the Czech Republic in 2009

Laski, Kazimierz - 2016

First, the concept of public expenditure multiplier is redefined to allow for import intensity of exports, and its value is estimated for Poland and the Czech Republic in 2008-2009. Next, on the basis of effective demand model of economic dynamics, there follows a comparative analysis of GDP...

Persistent link: https://www.econbiz.de/10013008054

Reviewing feminist macroeconomics for the XXI century

Zuazu-Bermejo, Izaskun - 2024

Feminist macroeconomics draws on the notion that the gender system is both cause and consequence of macroeconomic structures, outcomes, and policies. In contrast, mainstream and heterodox macroeconomics have done little to integrate gender as an analytical tool in macromodelling. This paper...

Persistent link: https://www.econbiz.de/10014467619

Short-run macro after the crisis : the end of the "new" neoclassical synthesis?

Landmann, Oliver - 2014 - Rev.

The Financial Crisis of 2008, and the Great Recession in its wake, have shaken up macroeconomics. The paradigm of the "New" Neoclassical Synthesis, which seemed to provide a robust framework of analysis for short-run macro not long ago, fails to capture key elements of the recent crisis. This...

Persistent link: https://www.econbiz.de/10010242840

Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (2) : Chapter 2, 'The Postulates of the Classical Economics'

Ferguson, Brian S. - 2013

Chapter 2 is one of the most important chapters in the General Theory. Not only does it set out Keynes' disagreements … key part in the way Keynes' theoretical model is developed here. This chapter introduces Keynes' concept of involuntary … consequent cyclicality of the real wage. Chapter 2 also includes Keynes' discussion of Say's Law …

Persistent link: https://www.econbiz.de/10013077473

Lucas, Keynes, and the crisis

Laidler, David - 2009

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 for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting. …

Persistent link: https://www.econbiz.de/10010292008

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