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The model of effective demand from Keynes's General Theory was rendered graphically by such post-Keynesian scholars as …
Persistent link: https://www.econbiz.de/10011094312
financial crisis be worsening despite the efforts being made to return to stability? For a brief moment after the crisis, Keynes … became fashionable, but his ideas have again been forgotten. Technocrats and politicians do not find an answer in Keynes for … reading of Keynes provides the answer as to what finally transformed the tendency into an accelerating process that is …
Persistent link: https://www.econbiz.de/10011094318
Recession. The theory is derived from Keynes's <i>General Theory,</i> while the evidence is composed of a simple statistical …
Persistent link: https://www.econbiz.de/10011094432
Successful Economic Policies for the Twenty-First Century,</i> serves as an excellent introduction to the economics of Keynes. It … number of ignorant individuals." What is not as clear, however, is the nature of what Keynes discussed in chapter 22 of the … sets the stage for possibly catastrophic collapses and offers a far more dynamic and Keynes-like story. …
Persistent link: https://www.econbiz.de/10011094443
, Competitiveness and FDI Animal spirits (by V. Gligorov; pp. 20-22) Keywords Keynes, uncertainty vs. risk Countries covered OECD Topics …
Persistent link: https://www.econbiz.de/10011095221
Persistent link: https://www.econbiz.de/10011098320
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10011098370
Within the rich literature that has flowed from Sraffa’s framework of Production of Commodities by means of Commodities a prominent position is occupied by the research programmes carried out independently by two authoritative exponents of this school: Pierangelo Garegnani and Luigi Pasinetti....
Persistent link: https://www.econbiz.de/10011107626
This paper provides an introductory overview of the meaning and measurement of national accounts statistics. Attention is paid to the various uses of national accounts, the role of the international guidelines, the relationship with economic theoretic and administrative concepts and the...
Persistent link: https://www.econbiz.de/10011107974
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214