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This paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a...
Persistent link: https://www.econbiz.de/10010304313
Rezeptur für diese Stabilisierungspolitik basiert auf der Lehre des britischen Ökonomen John Maynard Keynes, die dieser vor dem …" beschrieb. Doch nicht nur in der Krise, auch darüber hinaus empfehlen sich die wirtschaftspolitischen Ansätze von Keynes für das … this stabilisation policy is based on the lessons of the British economist John Maynard Keynes, which he described after …
Persistent link: https://www.econbiz.de/10012488115
Luigi Barone's famous curve offers an excellent framework for the study of the microeconomic and macroeconomic implications of innovation and imitation. However, neither Barone nor his epig- ones have been able to sufficiently "exploit" his contribution to date. Complementing his analysis of...
Persistent link: https://www.econbiz.de/10014544546
men and great ideas standing with. J.M.Keynes proves in his book”The Economic Consequences of the Peace” that there is no …
Persistent link: https://www.econbiz.de/10012017000
critically to Paul Davidson's claim that Keynes was the first behavioural economist. Then I discuss some recent work in …
Persistent link: https://www.econbiz.de/10014363177
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 of the strands of...
Persistent link: https://www.econbiz.de/10014363291
This paper examines the relationship among real GDP, CO2 emissions, and energy use in the six Gulf Cooperation Council (GCC) countries. Using annual data for the years 1960-2013, stationarity, structural breaks, and cointegration tests have been conducted. The empirical evidence strongly...
Persistent link: https://www.econbiz.de/10011559206
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
From the beginning of the 1970s until the last global financial and economic crisis in 2008 - 2009, neo-liberal ideas guided economic policy development. It is worth noting that the Central and Eastern European countries transformed their economies from centrally planned to a market type at the...
Persistent link: https://www.econbiz.de/10011480615
I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics.
Persistent link: https://www.econbiz.de/10010298641