Showing 1 - 10 of 226
(Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to …
Persistent link: https://www.econbiz.de/10010252186
This article explores Robert E. Lucas's policy agenda and his engagement with the public debate between 1968 and 1987. It investigates how he interacted with the public debate by envisioning key principles of his macroeconomic theory and methodology, and how he promoted his policy agenda. An...
Persistent link: https://www.econbiz.de/10011904609
The sharp exchanges that Keynes had with some of his critics on the loanable funds theory made it harder to appreciate … which Keynes's A Treatise on Money was a part. In the aftermath of the General Theory (GT), many of Keynes's insights in the … latter work. A part of Keynes's analysis in the Treatise which emphasized the importance of financial conditions and asset …
Persistent link: https://www.econbiz.de/10003288275
This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches,...
Persistent link: https://www.econbiz.de/10003915667
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private...
Persistent link: https://www.econbiz.de/10008906555
postwar period - from the "Age of Keynes" through the Friedmanian era and the return of Neoclassical economics in a … earlier Keynesian tradition to see what was left out of postwar macro. For example, the synthesis version of Keynes never … incorporated true uncertainty or "unknowledge" and thus deviated substantially from Keynes's treatment of expectations in chapters …
Persistent link: https://www.econbiz.de/10008906589
analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from … trading at "false" prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes …
Persistent link: https://www.econbiz.de/10008655700
Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian … approach to economic theorising. -- Friedman ; macroeconomics ; Keynes ; Keynesianism. monetarism ; money ; inflation ; cycle …
Persistent link: https://www.econbiz.de/10009488221
The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature of money and the origin of the business cycle and...
Persistent link: https://www.econbiz.de/10011392820
central bank guardian. The analysis contrasts Keynes's chartalist conception of money and central banking to the peculiar post …-WWII German traditions as nourished by the Bundesbank and based on fear of fiscal dominance. Keynes viewed the central bank as an …
Persistent link: https://www.econbiz.de/10009667997