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Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and …
Persistent link: https://www.econbiz.de/10011611152
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011997039
men and great ideas standing with. J.M.Keynes proves in his book”The Economic Consequences of the Peace” that there is no …
Persistent link: https://www.econbiz.de/10012017000
Policy frameworks of the IMF, the World Bank, and the EU are discussed in order to come up with criteria of macroeconomic and financial stability and sustainability for Future Member States of the EU (candidate and potential candidate countries). The key deficiency of the EU policy framework is...
Persistent link: https://www.econbiz.de/10012100111
Keynes’s General Theory argues there is no self-regulating mechanism that guarantees full employment. Keynes’s vision … imperfections are limited to the short run, so are lapses from full employment. Keynes was unable to convince the economics … is that Keynes lacked the mathematical tools to substantiate his vision. This paper deploys tools that were unavailable …
Persistent link: https://www.econbiz.de/10011858500
Keynes introduces the term 'effective demand' in chapter 3 of the General Theory as designating the point of … actually works will hopefully prove useful for future students of the economics of Keynes. …
Persistent link: https://www.econbiz.de/10011891331
This paper reflects on the history and enduring relevance of Keynes? economics. Keynes unleashed a devastating critique …
Persistent link: https://www.econbiz.de/10011891335
Neoliberalismus ist eine Sackgasse. Wirtschafts- und gesellschaftspolitische Alternativen sind bitter nötig. Die Mehrzahl der bereits vorhandenen Gegenentwürfe ist moralisch oder utopisch. Schon die Forderung nach einer gerechteren Verteilung von Einkommen und Vermögen verheddert sich in der...
Persistent link: https://www.econbiz.de/10011932512
Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public …
Persistent link: https://www.econbiz.de/10011957284
Not long ago, Republicans were trying to pass a balanced budget amendment to the constitution. Democrats were skeptical, overwhelmingly Keynesian, and believed that deficit spending had ended the Great Depression. Under Rubinomics the positions began to switch: Democrats became the defenders of...
Persistent link: https://www.econbiz.de/10014591468