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The Neoliberal Legitimation Crisis of 2008

Habbu, Aditya (Adi) - 2011

This paper will discuss how the Financial Crisis of 2008 has thrown neoliberalism into a deep legitimation crisis. Over the past four decades the neoliberal ethic of Ronald Reagan and Margaret Thatcher has permeated American life both public and private. The principles of the laissez faire...

Persistent link: https://www.econbiz.de/10014179691

"Keynes after 75 Years: Rethinking Money as a Public Monopoly"

Wray, L. Randall - Levy Economics Institute - 2011

In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production. I then focus in more detail on two main categories: the...

Persistent link: https://www.econbiz.de/10008868035

"The Financial Crisis Viewed from the Perspective of the “Social Costs” Theory"

Wray, L. Randall - Levy Economics Institute - 2011

This paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are used to show similarities between the two crises. K.W....

Persistent link: https://www.econbiz.de/10008876439

"Money in Finance"

Wray, L. Randall - Levy Economics Institute - 2011

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private...

Persistent link: https://www.econbiz.de/10008854453

Géniuszok párharca. Milton Friedman és J. M. Keynes vitája Tim Congdon és Robert Skidelsky előadásában

Szepesi, György - In: Közgazdasági Szemle (Economic Review - monthly of the … LX (2013) 6, pp. 633-649

Tavaly ünnepelte a közgazdász-társadalom Milton Friedman Nobel-díjas közgazdász születésének századik évfordulóját. A jubileumi megemlékezésnek különös aktualitást ad, hogy a 2008 óta tartó pénzügyi világválság hátterében ismét fellobbant a 20. századi...

Persistent link: https://www.econbiz.de/10010962757

The Fisher Relation in the Great Depression and the Great Recession

Laidler, David - 2013

The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...

Persistent link: https://www.econbiz.de/10010291897

The Fisher Relation in the Great Depression and the Great Recession

Laidler, David - University of Western Ontario, Economic Policy Research … - 2013

Persistent link: https://www.econbiz.de/10010681092

On prices in the new neoclassical Sythesis in Macroeconomics

Tobon, Alexander - In: Lecturas de Economía (2008) 69, pp. 201-220

The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that … offers the same answers on the minor role of prices in static macroeconomics. In spite of this, the New Neoclassical … the search for not just better answers, but for new questions regarding prices in a monetary theory. …

Persistent link: https://www.econbiz.de/10005464605

A review of Alan Bollard's 'A Few Hares to Chase: The Economic Life and Times of Bill Phillips'

Hoover, Kevin D. - 2017

A.W.H. Phillips is little known to the economics profession today, except at the creator of the Phillips curve. Bollard's engaging biography tells the story of a provincial New Zealander and practical engineer, who emerges as a hero in World War II, and plots a spectacular rise from 3rd class...

Persistent link: https://www.econbiz.de/10011613820

On the Dynamics of Profit- and Wage-led Growth

Bhaduri, Amit - 2007

This paper examines how variable output and profit share jointly determine investment and saving, while the difference between investment and saving determines the changes in output and profit share. Analysis of the resulting pair of differential equations yields novel implications for the...

Persistent link: https://www.econbiz.de/10012099871