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Man and machine in macroeconomics
Hoover, Kevin D. - 2012
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding … classical macroeconomics) to Keynes. The real story is more complicated and involves at least two distinct threads. Keynes was … central. Keynes's vision of macroeconomics is better described as "medical." It is based in human psychology and individual …
Persistent link: https://www.econbiz.de/10011708002
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Harvard, the Chicago tradition and the quantity theory: A reply to James Ahiakpor
Laidler, David; Sandilands, Roger - 2010
James Ahiakpor's critique of our 2002 work on the relationship between a certain 1932 Harvard Memorandum on anti-depression policies and the 1932 Harris Foundation Manifesto dealing with the same issues misses the significance of these documents, and of the relationships between them, both for...
Persistent link: https://www.econbiz.de/10010292038
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Sollten Zentralbanken unabhängig sein? Neue Diskussionen über ein altes Dogma
Schäfer, Stefan - In: Wirtschaftsdienst 94 (2014) 1, pp. 69-75
Die Unabhängigkeit der Zentralbank war nicht schon immer ein institutionelles Dogma. Eucken sprach sich beispielsweise vor der Gründung der Bundesbank dafür aus, das angestrebte Ziel Preisniveaustabilität mit einer Regelbindung zu erreichen. Dass die deutsche Bundesbank dann unabhängig...
Persistent link: https://www.econbiz.de/10011477691
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The spread of Keynesian economics: a comparison of the Belgian and Italian experiences
Maes, Ivo - 2007
Keynesian economics dominated economic thought and macroeconomic policy-making in the 1950s and 1960s. However, the diffusion of Keynesian economics has been uneven. In this paper, we compare the spread of Keynesian economics in two continental European countries: Belgium and Italy. We focus on...
Persistent link: https://www.econbiz.de/10011506634
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Unveil China's Economic Miracle
Mu, Yibin - 2007
For nearly three decades, China has achieved an economic miracle. China's official GDP per capita increased almost tenfold, from about US$150 in 1978 to US$1,449 in 2005. China's growth measured by the purchasing power parity (PPP) has been even more impressive. The GDP per capita in terms of...
Persistent link: https://www.econbiz.de/10014049003
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The Global Economic Crisis of 2007-2009 : Its Relationship to Intellectual Capital Creation
Wiśniewski, Piotr - 2016
The current global crisis (whose origins lie in the functionality of financial markets) has diverse repercussions for intellectual capital creation (i.e. human and structural assets as well as their components). The phenomenon is linked with limited resources being allocated to innovative...
Persistent link: https://www.econbiz.de/10012999832
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Fighting Past Economic Wars : Crisis and Austerity in Latin America
Kaplan, Stephen B. - 2016
Political economy theory expects that changes in macroeconomic governance are often catalyzed by institutional factors, such as partisanship, elections, or IMF conditionality. I challenge and contextualize this view by incorporating the role of technocratic advisors into a domestic policymaking...
Persistent link: https://www.econbiz.de/10013006177
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Preface : The Theory of New Classical Macroeconomics: A Positive Critique
Galbács, Peter - 2017
Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought …
Persistent link: https://www.econbiz.de/10012969733
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Economic Policy of Debt and Destruction
Sy, Wilson N. - 2015
It is shown from empirical data that the Keynesian policy of continual stimulus of the US economy over decades has led to a mountain of debt and a destruction of economic growth. The causal mechanism of how this occurs has been identified. Excessive Keynesian monetary stimulation of aggregate...
Persistent link: https://www.econbiz.de/10013021290