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Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by … the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the …
Persistent link: https://www.econbiz.de/10005837533
An attempt is made in this article to demonstrate that Alfred Marshall and John Maynard Keynes erected a number of … those institutions that impinged on education. Keynes argued that the rentiers were the villains because they had … working-class poverty to rise above its customary levels. Keynes's solution was public investment in private enterprises …
Persistent link: https://www.econbiz.de/10009200324
one of Keynes's fundamental insights is the significance of the monetary context of economic behavior. This insight has …
Persistent link: https://www.econbiz.de/10009200379
Keynes. This article reviews his contributions to monetary theory, international economics, aggregate supply theory, and …
Persistent link: https://www.econbiz.de/10005418792
Robert Skidelsky, author of a key biography of Keynes, notes in this biography that Keynes’s relationship to modernism … uncover influences from modernism as as a socio-cultural movement on the content of Keynes’s economics. It should be realised … however that Keynes was not ‘influenced’ by modernists, he was a modernist in that his work displays central hallmarks of …
Persistent link: https://www.econbiz.de/10005418884
offer a potential solution. The literature building on Keynes’s theory of probability, in the meantime, has been refining …
Persistent link: https://www.econbiz.de/10005418886
occupied central importance in the history of economic thought. This paper focuses on Marx and Keynes and argues that Marx … as well as the precise mechanism that leads the economy to its crisis stage. Keynes’s analysis, although sketchy, has … more in common with Marx and Smith than with Ricardo and neoclassical economics. Furthermore, Keynes’s views on effective …
Persistent link: https://www.econbiz.de/10009418516
<Para ID="Par1">Responding to the claims Keynes made in his “General Theory”, economists debated whether Keynesian …
Persistent link: https://www.econbiz.de/10011241191
In this essay I review Sylvia Nasar’s long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists’ stories inserted in appropriate places. Nasar’s goal is to show how economists work, but...
Persistent link: https://www.econbiz.de/10011149902
Does the economic analysis associated with the modern Austrian school favor a policy of restraining the government’s fiscal deficit even in a subpar economy, as suggested by those who (pejoratively) label such a policy “austerian”? Because resources are not superabundant even in a subpar...
Persistent link: https://www.econbiz.de/10011154710