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Keynes: the economic liberalism as a myth - This paper aims at highlighting Keynes main arguments in his criticism of … field of economics and symbolically based on the laissez-faire approach. Although Keynes ultimate works are in the field of … paper demonstrates that, in a world polarized between nazi-fascism and the Soviet Stalinist experience, Keynes articulates a …
Persistent link: https://www.econbiz.de/10008862860
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … that view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. …
Persistent link: https://www.econbiz.de/10008868035
Hilferding, Thorstein Veblen, and John Maynard Keynes-and later by John Kenneth Galbraith. In an important sense, over the past …
Persistent link: https://www.econbiz.de/10008876436
discards claims recently made in the literature concerning the importance of output heterogeneity for Keynes’s macroeconomic …
Persistent link: https://www.econbiz.de/10009024963
The economic crisis of the 1970s and the so-called “Chicago revolution” of the 1980s was a great challenge to Samuelson’s anti-laissez faire legacy, but left its heavy reliance on mathematics and modelling intact. The “Great Recession” that began in 2008 may ultimately replenish...
Persistent link: https://www.econbiz.de/10009140957
In 1936, Keynes published The General Theory of Employment, Interest and Money, one of the most influential books in … economics of the twentieth century. With this publication, Keynes has confused and will continue to confuse generations of … economists as to what classical economics means. This short essay argues that the 'classical economists' whom Keynes referred to …
Persistent link: https://www.econbiz.de/10008839469
puesta en discusión, ni siquiera por Keynes (2007). Sin perjuicio de esto, la presentación tradicional presenta algunas …
Persistent link: https://www.econbiz.de/10008853929
Con la publicación de La Teoría General (TG) de John Maynard Keynes en 1936 se produce la revolución teórica más … importante del siglo XX en contra de los principios del pensamiento `clásico´, en la acepción dada por Keynes, es decir, la …-keynesiana. Su objetivo ha sido la destrucción o la absorción de la revolución de Keynes. Los mercados libres aseguran la más …
Persistent link: https://www.econbiz.de/10008854348
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