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Uncertainty : a diagrammatic treatment
Dow, Sheila C. - 2015
In spite of superficial similarities, the way in which uncertainty is understood as a feature of the crisis by mainstream economics is very different from Keynesian fundamental uncertainty. The difference stems from the mainstream habit of thinking in terms of a full-information benchmark, where...
Persistent link: https://www.econbiz.de/10011279689
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The incommensurability of Keynes’s and Walrasian economics and the unsuccessful escape from old ideas
Heise, Arne - In: Economic thought 10 (2021) 2, pp. 12-19
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
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The incommensurability, incompatibility and incomparability of Keynes's and Walrasian economics
Heise, Arne - 2021
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 Equilibrum is inconsistent …
Persistent link: https://www.econbiz.de/10012416106
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Outside money : the advantages of owning the magic porridge pot
Wray, L. Randall - 2014
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10010441082
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Latin America's socail imagination since 1950. From one type of 'absolute certainties' to another - with no (far more creative)'uncomfortable uncertainties' in sight,
Palma, José Gabriel - Faculty of Economics, University of Cambridge - 2014
Latin America is a region whose critical social imagination has stalled, changing from a uniquely prolific period during the 1950s and 1960s - revolving around structuralism, 'dependency', Baran and Sweezy-type analysis of 'monopoly capitalism', French structuralism, the German Historical...
Persistent link: https://www.econbiz.de/10010949353
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Keynes, Kalecki, Sraffa: Coherence?
Hart, Neil; Kriesler, Peter - School of Economics, UNSW Business School - 2014
This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become...
Persistent link: https://www.econbiz.de/10010751332
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Keynes's theories of money and banking in the Treatise and The General Theory
Smithin, John - In: Review of Keynesian Economics 1 (2013) 2, pp. 242-256
and in the current era, and discusses the view that J.M. Keynes took on each of them in the Treatise on Money and The …
Persistent link: https://www.econbiz.de/10010711805
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"Outside Money: The Advantages of Owning the Magic Porridge Pot"
Wray, L. Randall - Levy Economics Institute - 2014
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10011098370
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Entrepreneurship, innovation and the good life: Reflections on Edmund Phelps' mass flourishing
Henrekson, Magnus - 2014
Edmund Phelps, the 2006 Nobel Laureate in Economics, has written a thought-provoking and ambitious book: Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change (Princeton University Press, 2013). The book is laudable for its emphasis on innovation, for its discussion of...
Persistent link: https://www.econbiz.de/10010335638
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Entrepreneurship, innovation and the good life : reflections on Edmund Phelps' mass flourishing
Henrekson, Magnus - 2014
Edmund Phelps, the 2006 Nobel Laureate in Economics, has written a thought-provoking and ambitious book: Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change (Princeton University Press, 2013). The book is laudable for its emphasis on innovation, for its discussion of...
Persistent link: https://www.econbiz.de/10010228747