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Keynes’s revolutionary ideas exposed in the General Theory have been "lost in translation". This brief note is an attempt to … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …’s appraisal of Keynes’s paradigm as a better approximation to the ‘real world’ than Walsrasian General Equilibrium is inconsistent …
Persistent link: https://www.econbiz.de/10013173052
The purpose of this paper is to clarify the difference between the mainstream and Keynesian understandings of uncertainty which persists in spite of superficial similarities. It is argued that the difference stems from the mainstream habit of thinking in terms of a full-information benchmark,...
Persistent link: https://www.econbiz.de/10011419145
Persistent link: https://www.econbiz.de/10013189143
The objective of the present article is to analyse the elements proposed by Celso Furtado regarding the process of overcoming underdevelopment - before and after "industrial civilization" - and to determine whether such attributes can characterize him as a neo(post)-Kaleckian. To accomplish this...
Persistent link: https://www.econbiz.de/10014550871
The rise of the "New History of Capitalism" as a subfield of historical studies has magnified differences between economists and historians which started to grow during the 1970s. We describe what is and what is not new about the New History of Capitalism and explain how the different...
Persistent link: https://www.econbiz.de/10013267801
Keynes's General Theory argues there is no self-regulating mechanism that guarantees full employment. Keynes's vision … imperfections are limited to the short run, so are lapses from full employment. Keynes was unable to convince the economics … is that Keynes lacked the mathematical tools to substantiate his vision. This paper deploys tools that were unavailable …
Persistent link: https://www.econbiz.de/10011866562
The aim of this paper is to present data to verify the process of mathematization in economic theory. For this we used two representative samples from three of the most in fluential academic journals in the years 1955-56-57 and the years 2015-16-17. Thus, a contingency table was drawn up,...
Persistent link: https://www.econbiz.de/10011961169
This survey paper discusses the Cointegrated Vector AutoRegressive (CVAR) methodology and how it has evolved over the …
Persistent link: https://www.econbiz.de/10012428078
The objective of this article is to outline various drawbacks of the studies on technical efficiency of pro-innovation activities at a national level. A better awareness of existing constraints may assist the readers and reviewers of the relative reports in a more critical assessment of the...
Persistent link: https://www.econbiz.de/10012600926
Persistent link: https://www.econbiz.de/10011376707