Showing 1 - 10 of 4,502
This paper intends to discuss some problematic properties IS-LM and loanable funds together have when dealing with fiscal deficits. Many others have focused on its assumptions for criticism of IS-LM, but I will mainly focus on its fundamental modelling nature. To say more specifically, I will...
Persistent link: https://www.econbiz.de/10011113048
A despeito da interpretação mais comum de que a formalização da Teoria Geral elaborada por John Hicks é inspirada principalmente pela busca de “elegância matemática”, este artigo mostra que Hicks se baseia em argumentos teóricos e relações de causalidade específicas para chegar...
Persistent link: https://www.econbiz.de/10005056735
on Keynes’ General Theory during the Oxford Meeting in September 1936 to stress an important event for the development of … Keynes and Marshall and that between Marshall and Walras, the analysis of expectations and of time in his IS-LM model and the … of limiting the theoretical content of Keynes’ General Theory within the neoclassical tradition. …
Persistent link: https://www.econbiz.de/10009277296
Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a...
Persistent link: https://www.econbiz.de/10014278230
Keynes' General Theory was a massive step forward relative to classical economics, but it was also a step backward in … its denial of the conflictual nature of capitalism. There is need to understand Keynes' technical contributions regarding …. Keynes made a fundamental contribution elucidating the mechanism of effective demand, and he also has claim to be the …
Persistent link: https://www.econbiz.de/10014329437
This paper revisits Keynes's (1930) essay titled "The economic possibilities for our grandchildren." We discuss the … three broader trends identified by Keynes that he expected would come to characterize the socio-economic evolution of …
Persistent link: https://www.econbiz.de/10014474505
Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often … described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was … exploitative system. The scholarship on Keynes also remained divided. However, in the last few decades a more robust position in …
Persistent link: https://www.econbiz.de/10014546886
Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that … Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and … interpretation and implementation of Keynes's ideas have been very different from what Keynes proposed, and they have been reduced to …
Persistent link: https://www.econbiz.de/10010266570
Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian …
Persistent link: https://www.econbiz.de/10010291906
on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting. …
Persistent link: https://www.econbiz.de/10010292008