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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

Dow, Sheila C. - 2016

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

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

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

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

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

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/10015387043

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

Postmodernist study of the internet

Heng, Michael S.H. - VU University Amsterdam, Faculty of Economics, Business … - 1998

. Postmodernism can be seen as a reaction to some signal failures of modernism and the modernity project. It is very much a socio … taking place within a given historical context. As such they can profit from sociological theories such as postmodernism …-cultural and philosophical system of thoughts which sprouts in a post-industrial society. The relevant elements of postmodernism …

Persistent link: https://www.econbiz.de/10005510228

Entrepreneurship, Innovation and Human Flourishing

Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2014

This essay uses Edmund Phelps new book Mass Flourishing: How Grassroots Innovation Created Jobs,Challenge, and Change (Princeton University Press, 2013) as inspiration to discuss innovation and entrepreneurship. The book is laudable for its discussion of what constitutes a “good life”....

Persistent link: https://www.econbiz.de/10011186638