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Theories of finance and financial crisis : lessons for the Great Recession

Dodig, Nina; Herr, Hansjörg - 2015

Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the …

Persistent link: https://www.econbiz.de/10010491508

Estimates of the Natural Rate of Interest and the Stance of Monetary Policies : A Critical Assessment

Levrero, Enrico - 2019

independence of the average or normal interest rate from monetary policy. Following Keynes's suggestion regarding the monetary …

Persistent link: https://www.econbiz.de/10012891243

Overlapping Generations Models of General Equilibrium

Geanakoplos, John - 2008

The OLG model of Allais and Samuelson retains the methodological assumptions of agent optimization and market clearing from the Arrow-Debreu model, yet its equilibrium set has different properties: Pareto inefficiency, indeterminacy, positive valuation of money, and a golden rule equilibrium in...

Persistent link: https://www.econbiz.de/10012771788

Comparing economic theories or: Pluralism in economics and the need for a comparative approach to scientific research programmes

Heise, Arne - 2020

Pluralism in economics appears to be a double-edged sword: we need more than one theory to grasp and explain the entire economic world, yet a plurality of possible explanations undermines the aspiration of the economic discipline to provide 'objective knowledge' in the singular of the 'one world...

Persistent link: https://www.econbiz.de/10012251920

Reflecting on the Capital Debates from Modern Perspectives : Interest Rate, Marginal Product of Capital, Equilibrium of Simultaneous Equations and Capital Intensity/Factor Remunera...

Kim, Bryce - 2014

This paper intends to present a novel perspective on the capital debates. Thomas Piketty, on his book, asserts that the capital debates were virtually meaningless and the neoclassical side won the debates, and this brought several discussions on this point. This paper does not wish to argue that...

Persistent link: https://www.econbiz.de/10013053494

The Value of Liquidity

Basso, Leonardo Cruz - 2008

The objective of this article is to examine four theories that consider an explanation and measurement for the value of liquidity. Liquidity will be understood as cash, that is, we are leaving aside assets of lesser degree of liquidity than cash. The article begins with the Keynesian view about...

Persistent link: https://www.econbiz.de/10014220997

The US Business Cycle Since 1950: A Post Keynesian Explanation

Harvey, John - Department of Economics, Texas Christian University - 2010

That the economy goes through periods of expansion and recession is obvious. Whether or not this represents endogenously-generated cycles or simply stochastic variation around a trend is, however, a matter of debate. Among mainstream economists, the latter is the predominant position. For Post...

Persistent link: https://www.econbiz.de/10008675823

US Business Cycles from 1971-2010: A Post Keynesian Explanation

Harvey, John - Department of Economics, Texas Christian University - 2010

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

Persistent link: https://www.econbiz.de/10008675826

Lucas, Keynes, and the crisis

Laidler, David - 2009

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

Peter Howitt: A Keynesian still in recovery

Laidler, David E. W. - 2022

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