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Lectures on John Maynard Keynes' General Theory of Employment, Interest and Money (5) : Chapter 6, The Definition of Income, Saving and Investment; Appendix to Chapter 6, Appendix...
Ferguson, Brian S. - 2013
Chapter Six and its Appendix deal in some detail with the way Keynes is defining income, savings and investment in the … General Theory while the appendix to Chapter 6 goes into detail on user cost. His concept of user cost at one point sparked a …. The General Theory is a theory of the short run, but firms' cost curves, which are key to many short run decisions …
Persistent link: https://www.econbiz.de/10013077469
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I S et le revenu non distribué
Clerc, Jean-Marc - In: Cahiers lillois d'économie et de sociologie : CLES (2001) 38, pp. 49-68
Persistent link: https://www.econbiz.de/10001785498
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Open Economy Keynesian Macroeconomics Without the LM Curve
Bajo‐Rubio, Oscar - 2013
In this paper, we present a novel framework for macroeconomic analysis, which tries to incorporate recent theoretical developments into a model describing an open economy. The model includes a monetary policy rule instead of the LM function together with an aggregate supply function derived from...
Persistent link: https://www.econbiz.de/10013084173
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Mr. Keynes, Prof. Krugman, IS-LM, and the End of Economics as We Know It
Kakarot-Handtke, Egmont - 2014
happened to Keynes in the days of high theory and to Krugman in these days. Keynes applied a defect formalism, which is here … replaced by objective-structural axioms. This yields the correct relationship between retained profit, saving, and investment …
Persistent link: https://www.econbiz.de/10013059191
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Critique of IS-LM : Fiscal Deficits, Loanable Funds, Keynesian Cross and IS-LM
Kim, Bryce - 2014
This paper intends to discuss some problematic properties IS-LM and loanable funds together have when dealing with fiscal deficits. Many others have focused on its assumptions for criticism of IS-LM, but I will mainly focus on its fundamental modelling nature. To say more specifically, I will...
Persistent link: https://www.econbiz.de/10013047058
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Zero lower bound (ZLB) economics : the fallacy of New Keynesian explanations of stagnation
Palley, Thomas I. - 2016 - Revised January 2016
Erklärung für ökonomische Stagnationen angeführt und fügt sich in eine lange Tradition, wonach der Keynesianismus einen …
Persistent link: https://www.econbiz.de/10011433395
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An analytical framework for the Post-Keynesian macroeconomic paradigm
Herr, Hansjörg - 2013
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
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Confirming Robinson's Statement? A Lakatosian Analysis of Keynes and his Immediate Orthodoxy
2013
), a Lakatosian concept, of Keynes in The General Theory of Employment, Interest and Money (TGT) with those of its …
Persistent link: https://www.econbiz.de/10013084582
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Fiscal Stimulus of Consumption and the Keynesian Black Hole
Sy, Wilson N. - 2016
potential collapse into a Keynesian economic black hole. A theory of economic growth is proposed to explain how fiscal stimulus …
Persistent link: https://www.econbiz.de/10012998654
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Aggregate Demand and Micro Behavior : A New Perspective on Keynesian Macroeconomics
Fazzari, Steven M.; Ferri, Piero; Greenberg, Edward - 2007
We analyze the microfoundations for Keynesian aggregate demand effects by considering the link between aggregate demand and firm production decisions under monopolistic competition. Macroeconomic equilibrium is characterized in a simple graphical framework that facilitates comparison of several...
Persistent link: https://www.econbiz.de/10014215857