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Naturalizing institutions : evolutionary principles and application on the case of money
Herrmann-Pillath, Carsten - In: Jahrbücher für Nationalökonomie und Statistik 234 (2014) 2/3, pp. 388-421
Persistent link: https://www.econbiz.de/10010344935
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The social ontology of money
Hindriks, Frank - In: The philosophy of money and finance, (pp. 15-31). 2024
Persistent link: https://www.econbiz.de/10014582807
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How many people does it take to make a dollar?
Dick, David G. - In: The philosophy of money and finance, (pp. 54-69). 2024
Persistent link: https://www.econbiz.de/10014582819
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The monetary economy and the economic crisis
Laidler, David - 2010
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the invisible hand, was a major...
Persistent link: https://www.econbiz.de/10010291902
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Lucas, Keynes, and the crisis
Laidler, David - 2009
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and 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...
Persistent link: https://www.econbiz.de/10010292008
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Central bank misperceptions and the role of money in interest rate rules
Beck, Günter W.; Wieland, Volker - 2008
modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …
Persistent link: https://www.econbiz.de/10010298408
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Statistical theories of income and wealth distribution
Chakrabarti, Anindya S.; Chakrabarti, Bikas K. - 2009
The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their...
Persistent link: https://www.econbiz.de/10010299490
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Money, interest, and capital accumulation in Karl Marx's economics: A monetary interpretation
Hein, Eckhard - 2002
. Money as a social representative of value, therefore, is introduced at the very beginning of Marx.s microeconomics. Marx ….s rejection of Ricardo.s interpretation of Say.s Law requires that money as a means of circulation and as a means of payment is … profits for the capitalist class as a whole requires money advances, which have to increase by means of rising credit in a …
Persistent link: https://www.econbiz.de/10010306782
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Counterfeiting and inflation
Monnet, Cyril - 2005
In this paper I show that a lax anti-counterfeiting policy is inconsistent with price stability. I use a deterministic matching model with no commitment and no enforcement. An intrinsically worthless but perfectly durable object called a ‘note’ can be produced by banks at a given cost, but...
Persistent link: https://www.econbiz.de/10011604558
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Central Bank misperceptions and the role of money in interest rate rules
Beck, Günter W.; Wieland, Volker - 2008
modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …
Persistent link: https://www.econbiz.de/10011605013