Showing 1 - 10 of 609,627
Persistent link: https://www.econbiz.de/10013474483
This paper argues that John Maynard Keynes had a targeted (as contrasted with aggregate) demand approach to full employment. Modern policies, which aim to close the demand gap,ʺ are inconsistent with the Keynesian approach on both theoretical and methodological grounds. Aggregate demand tends...
Persistent link: https://www.econbiz.de/10003773510
One of Keynes' core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to …
Persistent link: https://www.econbiz.de/10003886826
subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory …
Persistent link: https://www.econbiz.de/10003868819
Nicolas Dutot (1684–1741) is an important figure for the history of economic thought, as a pioneer in monetary theory … project, but also richer and more engaging. -- Dutot ; biography ; early monetary theory ; history of price indices ; pre …
Persistent link: https://www.econbiz.de/10003900588
One of Keynes’ core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to …
Persistent link: https://www.econbiz.de/10003905066
This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10008664014
This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in "monetary production economies" Post Keynesian economics offers a refreshing alternative to mainstream...
Persistent link: https://www.econbiz.de/10008906538
his close affiliation with anarchism. The article then gives a concise summary of Gesell's theory of effective demand and … evidence for rejecting Hick's classic interpretation of the General Theory. If one takes Keynes extensive discussion of Gesell …'s theory of interest as a key for understanding the General Theory, Keynes main innovation of General Theory becomes a monetary …
Persistent link: https://www.econbiz.de/10009356096
In this paper I examine the relationship between Pareto-optimality and group size in linear public goods games or experiments. In particular, I use the standard setting of homogeneous linear public goods experiments and apply a recently developed tool to identify all Pareto-optimal allocations...
Persistent link: https://www.econbiz.de/10009374373