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 …

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. …

The aim of this paper is to examine critically Lucas’ arguments against Keynes’s General Theory and in particular … against Keynes’s concept of involuntary unemployment. It comprises two main parts. In the first, I question Lucas’s claim that … Keynes betrayed the equilibrium discipline by freeing himself from the postulates of optimising behaviour and market clearing …

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

contributed to bubbles in the new and emerging markets. Based on the monetary overinvestment theories of Hayek and Wicksell we … interest rate policies in the large countries and thereby speculative exaggerations may continue. According to Wicksell and … Hayek a higher level of interest rates in the large countries would reveal the structural distortions that have come along …

theories of Hayek, Wicksell and Schumpeter. We argue that ample liquidity supply originating in the large industrialized …

theories of Hayek, Wicksell and Schumpeter. We argue that ample liquidity supply originating in the large industrialized …

Marx and Keynes tried to solve the problem by addressing current transaction flows, which is also the approach taken by … Marx. Capitalists as a whole can at most get from workers, what they already paid out in wages. Marx did not solve this … problem, and neither did Keynes, who had to face the problem in “The General Theory”. A consequential logical conclusion to …