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Muss ökonomische Theorie evolutorisch sein, weil auch ihr Erkenntnisobjekt »wesensmäßig« evolutorisch ist? Der Tagungsband des Ausschusses für die Geschichte der Wirtschaftswissenschaften geht der dogmenhistorischen Einordnung des Themas »Ökonomie und Evolution« nach. Die Beiträge...
Persistent link: https://www.econbiz.de/10014492866
»The Formation of Business Cycle Research in the Early 20th Century«: The formation of research on macroeconomic fluctuations in the early 20th century was characterised by a debate on key questions: is the business cycle a problem of applied economic theory, or does it require a fundamentally...
Persistent link: https://www.econbiz.de/10014493020
Im Jahr 1873, vor 150 Jahren, wurde der Verein für Socialpolitik gegründet. Aus diesem Anlass beschäftigte sich der Vereinsausschuss für die Geschichte der Wirtschaftswissenschaft im Juni 2022 mit zentralen Themen der Vereinsgeschichte. Analysiert wird die Rolle von Gustav Schmoller als...
Persistent link: https://www.econbiz.de/10014501094
Hajo Riese (FU Berlin) was a pioneer of the "Berlin School of Monetary Keynesianism", particularly in the 1980s and 1990s. His research work was based on the roots of monetary theory in the work of J. M. Keynes, with a particular focus on the theory of capital and interest rates. While in Keynes...
Persistent link: https://www.econbiz.de/10014520260
The growth and deepening of financial markets entailed the expectation that the bank lending channel of monetary policy transmission would lose its importance. The paper explains why, on the contrary, the banking sector has become a major locus of origination and amplification of macro-financial...
Persistent link: https://www.econbiz.de/10014521648
Whereas in former times, the 'Chicago View' in monetary policy stood for the Quantity Theory and money supply control, it is now the centre of unconventional approaches in macro theory. The Neo-Fisherian proposal suggests, in the case of low inflation and nominal interest rates pegged to the...
Persistent link: https://www.econbiz.de/10014521934
Böhm-Bawerk defines the rate of interest as the ratio of intertemporal goods prices, but cannot show the emergence of interest as a financial market price. The alleged efficiency ofroundabout production methods is ill-suited to derive a uniform rate of return of capital. Time preference may...
Persistent link: https://www.econbiz.de/10010369516
Gaps in competitiveness, rooted in economic as well as in political factors, characterise postwar European economic history. The eurozone experience showed the emergence of large current account imbalances. The peculiar mixture of financial markets integration and national cycles in wages and...
Persistent link: https://www.econbiz.de/10010369518
The growth and deepening of financial markets entailed the expectation that the bank lending channel of monetary policy transmission would lose its importance. The paper explains why, on the contrary, the banking sector has become a major locus of origination and amplification of macro-financial...
Persistent link: https://www.econbiz.de/10010435395
Angesichts der gegenwärtigen Budgetkrisen in Europa gerät der Stabilitätspakt mehr und mehr in die Diskussion. Prof. Dr. Georg Milbradt, Ministerpräsident des Freistaates Sachsen, vertritt die Meinung, dass »... die bestehenden Vereinbarungen streng anzuwenden (seien)... Die anhaltende...
Persistent link: https://www.econbiz.de/10011691952