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Liquidity preference theory revisited : to ditch or to build on it?
Bibow, Jörg (contributor) - 2005
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and policy. Contrary to the neoclassical "special case"...
Persistent link: https://www.econbiz.de/10003229836
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Una riconsiderazione degli studi da Kalecki sull'economia statunitense
Gallardo, Julio Lòpez - In: Moneta e Credito 65 (2012) 257, pp. 59-81
Kalecki devised a novel method of analysis, which was also used by some of his collaborators.Unfortunately however … present paper is to revisit Kalecki’s applied studies. I will in the first place explain and discuss Kalecki’s outlook and … downswing. The results of have been rather disappointing. Using Kalecki’s approach and methodology, I have verified that it has …
Persistent link: https://www.econbiz.de/10010854288
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The Kaleckian profit and profit rate and post-WWII U.S. business cycles
Bakir, Erdogan; Campbell, Al - In: Journal of economic issues 56 (2022) 2, pp. 446-454
Persistent link: https://www.econbiz.de/10013539115
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Growth and Savings in USA and Japan
Laski, Kazimierz; Römisch, Roman - 2001
In a simplified model GDP growth depends on the demand effect of private investment growth and on the growth of the private savings ratio. In a generalized model private investment (IP) has to be supplemented by the trade balance (E) and the budget deficit (D), their sum being termed NPCE...
Persistent link: https://www.econbiz.de/10012099845
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Minsky and economic policy :"Keynesianismʺ all over again?
Tymoigne, Éric (contributor) - 2008
Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and … discovering Minsky are noble goals, one should also remember the mistakes that were made in the past. The mainstream … expenditures will not do. On the contrary, problems may worsen. If one wants to get serious about Keynes and Minsky, one should …
Persistent link: https://www.econbiz.de/10003773518
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in … Markets Hypothesis ; Keynesian Economics ; Orthodoxy ; Heterodox Economics ; Minsky ; Uncertainty ; Rational Expectations …
Persistent link: https://www.econbiz.de/10008906589
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Some comments on the Sraffian supermultiplier approach to growth and distribution
Nikiforos, Michalis - 2018
The paper discusses the Sraffian supermultiplier (SSM) approach to growth and distribution. It makes five points. First, in the short run the role of autonomous expenditure can be appreciated within a standard post-Keynesian framework (Kaleckian, Kaldorian, Robinsonian, etc.). Second, and...
Persistent link: https://www.econbiz.de/10011856786
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Growth and Savings in USA and Japan
Laski, Kazimierz; Römisch, Roman - Wiener Institut für Internationale … - 2001
In a simplified model GDP growth depends on the demand effect of private investment growth and on the growth of the private savings ratio. In a generalized model private investment (IP) has to be supplemented by the trade balance (E) and the budget deficit (D), their sum being termed NPCE...
Persistent link: https://www.econbiz.de/10009649655
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Is there room for bulls, bears, and states in the circuit?
Wray, L. Randall - 2011
capital asset prices, and thus investment theory, hanging. This paper extends Kregel's analysis to an examination of the role …
Persistent link: https://www.econbiz.de/10009523597
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"Too bright for comfort" : a Kaleckian view of profit realisation in the USA ; 1964 - 2009
Brennan, David M. - In: Cambridge journal of economics 38 (2014) 1, pp. 239-255
Persistent link: https://www.econbiz.de/10010400995