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Laidler, David - 2009

This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and 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...

Persistent link: https://www.econbiz.de/10003868819

Liquidity preference theory revisited : to ditch or to build on it?

Bibow, Jörg (contributor) - 2005

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and policy. Contrary to the neoclassical "special case"...

Persistent link: https://www.econbiz.de/10003229836

Contrasting Concepts of Capital : Yet Another Look at the Hayek-Keynes Debate

Horwitz, Steven - 2011

Although much of the debate between Hayek and Keynes is today portrayed in terms of policy differences, those are not the most fundamental divisions between their conceptions of economics. I argue that their economics diverges most significantly in how they understand the role of capital in a...

Persistent link: https://www.econbiz.de/10013127731

Solow's Harrod : Transforming Cyclical Dynamics into a Model of Long-Run Growth

Halsmayer, Verena - 2013

Modern growth theory derives mostly from Robert Solow's “A Contribution to the Theory of Economic Growth” (1956). Solow's own interpretation locates the origins of his “Contribution” in his view that the growth model of Roy Harrod implied a tendency toward progressive collapse of the...

Persistent link: https://www.econbiz.de/10013084232

Confirming Robinson's Statement? A Lakatosian Analysis of Keynes and his Immediate Orthodoxy

2013

Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...

Persistent link: https://www.econbiz.de/10013084582

Solow's Struggle with Medium-Run Macro-Economics : 1956-1995

Assous, Michaël - 2013

Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macro-economics of the medium-run. This paper recounts the history of Solow's different attempts to address this issue. It starts in early 1950s when Solow...

Persistent link: https://www.econbiz.de/10013076001

Liquidity Preference Theory Revisited - to Ditch or to Build on it?

Bibow, Jörg - 2005

Persistent link: https://www.econbiz.de/10012736141

Two Harvard Economists on Monetary Economics : Lauchlin Currie and Hyman Minsky on Financial Systems and Crises

Velásquez Garzón, Iván Darío - 2018

In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time … were interested in post-Keynesian economics. There, Minsky delivered some lectures, and Lauchlin Currie attended two of … those lectures at the National University of Colombia. Although Currie is not as well-known as Minsky in the American …

Persistent link: https://www.econbiz.de/10012909092

The Relevance of Kalecki : The Useable Contribution

Minsky, Hyman P. - 2014

in 1986. It contains Minsky's assessment of Kalecki's contribution. According to Minsky, the question of Kalecki …The paper is a to date unpublished contribution by Minsky prepared for a conference at the University of Perugia held … is that both Kalecki and Keynes provide elements that are essential components for understanding the behavior of …

Persistent link: https://www.econbiz.de/10013052391

The Economic, Legal and Ethical Philosophy of Frédéric Bastiat

McGee, Robert W. - 2014

Frederic Bastiat (1801-1850) was an economist and journalist. A member of the French Liberal School, he is best known for his free trade ideas and his philosophy of law. Mark Blaug ranks him as one of the 100 greatest economists before Keynes. Schumpeter called him a brilliant economic...

Persistent link: https://www.econbiz.de/10013054141