Showing 1 - 10 of 122
Purpose – The purpose of this paper is to examine modern monetary policy as practiced and promoted by the officials of Central Banks, with the Federal Reserve Bank of the USA and the Bank of Japan in leading roles. Design/methodology/approach – Modern monetary policy is assessed for its...
Persistent link: https://www.econbiz.de/10014870163
Purpose – This paper seeks compare the current financial and economic problems with the problems facing the world economy in the 1930s. Design/methodology/approach – The paper argues that the Great Depression and the current problems have similar causes – excessive speculation, leading to...
Persistent link: https://www.econbiz.de/10014701723
This article develops an analysis of the conventional formation of expectations by means of introducing an overlooked factor in the analysis: the role of inference. Individual inferences and changes in evidential weight of beliefs and in the state of confidence are integrated with an analysis of...
Persistent link: https://www.econbiz.de/10014805251
Purpose – The aim of this paper is to examine the proposition that the monetary reform movement has correctly identified the central importance of money‐issue whilst, simultaneously, not appreciated the sophistication of previous monetary theorists. Design/methodology/approach – The...
Persistent link: https://www.econbiz.de/10014805492
Purpose – Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach – The paper presents...
Persistent link: https://www.econbiz.de/10014805547
Purpose – In order to explain change and growth at the aggregate levels, three levels: macro, meso and micro must be taken into account. Applying the theories from Keynesian and post‐Keynesian economics (PKE) best explains the macro level and applying those from Schumpeterian and...
Persistent link: https://www.econbiz.de/10014933122
Purpose – This paper aims to provide a theoretical guide for preserving ancient books in China. Design …/methodology/approach – The paper reviews the history of the damage and preservation of ancient books in China, and analyzes the value attributes …
Persistent link: https://www.econbiz.de/10014853432
Purpose – This paper aims to conceptually argue that China's trade surplus with the USA is not good. Design …/methodology/approach – Net exporters (like China) give up current consumption in order to gain claims against future production. This paper … argues that the reasons why China is trading current consumption for claims on future production are not good. Findings …
Persistent link: https://www.econbiz.de/10014847530
Purpose – This paper aims to conceptually argue that China's trade surplus with the USA is good by clarifying its … fundamental forces from specific perspective. Design/methodology/approach – China's trade surplus with the USA is simply the … global resources optimization allocation, China's trade imbalance, including trade surplus with the USA, is certainly a win …
Persistent link: https://www.econbiz.de/10014847546
influence on everyday dealings in China is important for Western firms. Researchers argue that social capital has limits and is … not a commodity that has a place in China aspiring to be a global business hub. Accordingly, the purpose of this paper is …
Persistent link: https://www.econbiz.de/10014847559