close to that of the one based on Keynes’ seventy-year old analysis. …

The purpose of this paper is to illustrate the usefulness of Keynes' approach by modeling it using system dynamics. As …

we face are systemic. They base this conclusion on theories developed by John Maynard Keynes. This paper attempts to … determine the primary factors creating instability by building and then analyzing a system dynamics model of Keynes’ explanation …

John Maynard Keynes’ argued that crises were systemic and that, unless serious reforms were implemented, they would … tend to grow in frequency and severity. The paper sets out to build a Keynes-style model of crises that captures both the …

] and Roberts [1987]) have fared against ?Keynes?s programme?. The first part of the paper characterises Keynes?s programme … involuntary unemployment. In a second part, I claim that no correct assessment of Keynes?s programme can be made without drawing a … study of the three models to conclude that none of them succeed in achieving Keynes? programme in its entirety. In the last …

The aim of this paper is to show the role of prices in Keynes?s monetary theory. More precisely, we show that in … rise in the quantity of money produces a non proportional price variation through effective demand. We show that Keynes …

discards claims recently made in the literature concerning the importance of output heterogeneity for Keynes’s macroeconomic …