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From Aristotle, Augustine, Aquinas, and Adam (Smith) to Concordian Monetary Policy - How to Use Public Policy to Guide Accumulation toward Virtuous Ends
Brady, Michael Emmett - 2017
Aristotle, followed by Augustine, Aquinas, and Adam Smith, recognized, to a lesser or greater degree, that the ownership and control of private property (wealth, money, riches) is an initial, necessary condition to be able to put one's self in a position to help others in need. A person is or...
Persistent link: https://www.econbiz.de/10012954982
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How Using Greenspan’s Continuum Can Bridge the Huge Abyss That Exists Between Orthodox and Heterodox Economists Who Are Dealing With the Concept of Uncertainty
Brady, Michael Emmett - 2018
Cambridge University, A Treatise on Probability, and the General Theory, respectively ,and by Knight in 1921 in Risk …
Persistent link: https://www.econbiz.de/10012912828
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On Alan Greenspan's Successful Incorporation of the ‘Keynes–Knight’ Approach to Uncertainty and Risk into Monetary Policy
Brady, Michael Emmett - 2018
to the approach advocated by J.M. Keynes himself in both the A Treatise on Probability (1921) and General Theory (1936 …
Persistent link: https://www.econbiz.de/10012914906
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …
Persistent link: https://www.econbiz.de/10008906589
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2016
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this 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...
Persistent link: https://www.econbiz.de/10011560674
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2017
In this paper the main developments in post-Keynesian macroeconomics since the mid-1990s will be reviewed. For this 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...
Persistent link: https://www.econbiz.de/10011918712
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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
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Keynesian dominance in crisis therapy
Spantig, Kristina - 2013
historical perspective. In a first step the develop- ment of the Keynesian economic theory, its ascent during the Great …
Persistent link: https://www.econbiz.de/10009746998
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The monetary economy and the economic crisis
Laidler, David E. W. - 2010
Adam Smith's ideas about the "invisible hand", was a major contribution to an ongoing tradition in monetary theory in whose …
Persistent link: https://www.econbiz.de/10008655700