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Two post-Keynesian approaches to uncertainty and irreducible uncertainty
O'Donnell, Rod M. - 2013
Persistent link: https://www.econbiz.de/10010229291
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Two post-Keynesian approaches to uncertainty and irreducible uncertainty
O'Donnell, Rod - 2013
Persistent link: https://www.econbiz.de/10012881484
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A critique of the ergodic/nonergodic approach to uncertainty
O'Donnell, Rod M. - In: Journal of post-Keynesian economics : JPKE 37 (2014/2015) 2, pp. 187-209
Persistent link: https://www.econbiz.de/10011618154
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How Should the Post Keynesian School Define ‘Uncertainty’? 1 The Only Correct Answer Is to Use Keynes’s Own Definition Given in Footnote 1 on Page 148 of Chapter 12 of the General ...
Brady, Michael Emmett - 2019
definition of uncertainty given by Keynes in footnote 1 on page 148 of the General Theory that was repeated on page 240 of the … General Theory.The footnotes on page 148 and 240 of the General Theory are the foundation for Townshend's summary of the 1937 … evidence (argument) from the A Treatise on Probability were the foundation for Keynes's liquidity preference theory of the rate …
Persistent link: https://www.econbiz.de/10012864576
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Incomplete information in macroeconomics : accommodating frictions in coordination
Angeletos, Marios; Lian, Chen - 2016
This chapter studies how incomplete information helps accommodate frictions in coordination, leading to novel insights on the joint determination of expectations and macroeconomic outcomes. We review and synthesize recent work on global games, beauty contests, and their applications. We...
Persistent link: https://www.econbiz.de/10011573121
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Chapter 14. Incomplete Information in Macroeconomics : Accommodating Frictions in Coordination
Angeletos, G.-M.; Lian, C. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1065-1240). 2016
This chapter studies how incomplete information helps accommodate frictions in coordination, leading to novel insights on the joint determination of expectations and macroeconomic outcomes. We review and synthesize recent work on global games, beauty contests, and their applications. We...
Persistent link: https://www.econbiz.de/10014024269
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Alternative explanations of the operation of a capitalist economy
Davidson, Paul - In: Challenge 52 (2009) 6, pp. 5-28
Persistent link: https://www.econbiz.de/10003929866
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Endogenous money and the natural rate of interest : the reemergence of liquidity preference and animal spirits in the post-Keynesian theory of capital markets
Pilkington, Philip - 2014
principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …-Keynesian monetary theory today is its rejection of the "natural rate of interest." By examining the hidden assumptions of the loanable … interest version of the loanable funds theory, it quickly becomes clear that Minsky does not fall into the loanable funds camp. …
Persistent link: https://www.econbiz.de/10010412398
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Liquitidy preference in a world of endogenous money : a short-note
Missaglia, Marco; Sanchez, Patricia - In: Cuadernos de economía 39 (2020) 81, pp. 595-612
Persistent link: https://www.econbiz.de/10012605302