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Ben Bernanke researched monetary policy for over 25 years prior to becoming a policymaker, and his two-term career as Chairman of the Federal Reserve featured a severe recession coupled with a financial crisis, a chief subject of Bernanke's research. His reaction to economic events is noteworthy...
Persistent link: https://www.econbiz.de/10011639294
This paper analyzes Raúl Prebisch’s less familiar contributions to economic theory, related to the business cycle, and …
Persistent link: https://www.econbiz.de/10009124749
why misguided policies drove initial European responses. Economic theory has frowned on Keynes. Economic successes …
Persistent link: https://www.econbiz.de/10009783517
This paper investigates the (lack of any lasting) impact of John Maynard Keynes’s General Theory on economic …
Persistent link: https://www.econbiz.de/10011635491
Institutionen werden in diesem Beitrag als Regeln menschlichen Handelns begriffen. Im einzelnen geht es um eine Analyse der in den Wirtschaftswissenschaften angewandten Regeln zur Untersuchung individueller Erwerbsentscheidungen (rational choice Ansatz), um Regeln, die in Form von...
Persistent link: https://www.econbiz.de/10011433982
Samuelson kept optimization-based problems separated from macroeconomic dynamics in his Foundations, where dynamics were defined in terms of difference and differential equations. Despite some criticism of his "correspondence principle" of stability analysis by D.F. Gordon, D. Patinkin and...
Persistent link: https://www.econbiz.de/10012003226
This paper explores the ways in which cybernetics influenced the works of F. A. Hayek from the late 1940s onwar d. It shows that the concept of negative feedback, borrowed from cybernetics, was central to Hayek's attempt of giving an explanation of the principle to the emergence of human...
Persistent link: https://www.econbiz.de/10011600585
theory of certain unsuccessful accounts of scientific belief in the history of philosophy of science. It is further argued …
Persistent link: https://www.econbiz.de/10011602806
Richard Cantillon and David Hume both propose the theory of monetary nonneutrality, whereby the money supply changes … theory, they do so without seeking confirmation from the original texts. I fill this gap in the literature by identifying the … main constituent parts of the theory in the contributions of both Cantillon and Hume. …
Persistent link: https://www.econbiz.de/10011602964
Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...
Persistent link: https://www.econbiz.de/10011603268