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This paper discusses the role played by NY Fed economist Robert Roosa and Paul Samuelson in the emergence of the literature on credit rationing at the beginning of the 1950s. I argue that, contrary to the story one can find in the technical surveys, an intermediate step between Roosa and the...
Persistent link: https://www.econbiz.de/10011609898
purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox … economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments …
Persistent link: https://www.econbiz.de/10011560674
purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox … economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments …
Persistent link: https://www.econbiz.de/10011918712
Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political …. Friedman's professional triumph is testament to the weak intellectual foundations of the economics profession which accepted … ideas that are conceptually and empirically flawed. His success has taken economics back in a pre-Keynesian direction and …
Persistent link: https://www.econbiz.de/10010393515
–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …
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