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After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo …-) classical at the micro-level, but Keynesian at the macro-level. In actuality, Keynes' revolution was, to a substantial part … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full …
Persistent link: https://www.econbiz.de/10011929683
After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo …-) classical at the micro-level, but Keynesian at the macro-level. In actuality, Keynes' revolution was, to a substantial part … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full …
Persistent link: https://www.econbiz.de/10012140491
Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt … spezieller Fall ist. Keynes' Mikro basiert auf verhaltensökonomischen Grundlagen, die durch die Neurowissenschaften und die …Keynes's General Theory (GT) is more comprehensive than the (neo-) classical model: (1) is comprises the full …
Persistent link: https://www.econbiz.de/10012140492
This article examines, in the light of recent events, the origins of the difficulties that current macroeconomic models have in encompassing the sort of sudden crisis which we are currently observing. The reasons for this are partly due to fundamental problems with the underlying General...
Persistent link: https://www.econbiz.de/10008809503
Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt … spezieller Fall ist. Keynes' Mikro basiert auf verhaltensökonomischen Grundlagen, die durch die Neurowissenschaften und die …Keynes's General Theory (GT) is more comprehensive than the (neo-) classical model: (1) is comprises the full …
Persistent link: https://www.econbiz.de/10011929688
Without national accounts statistics, citizens, politicians, entrepreneurs and economists would be blind for the size, composition and development of national economies. This book provides a unique overview of the merits and limitations of the national accounts. Attention is paid to the three...
Persistent link: https://www.econbiz.de/10008543032
This article shows that the criticism made by Hicks to the Treaty on the Currency of Keynes is not correct. Thus, we … present the model of Keynes to show that the equality between investment and saving is a monetary equilibrium condition and … not an identity. This result cannot be obtained in the analysis of Hicks. …
Persistent link: https://www.econbiz.de/10005606923
Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique", and that it is misleading …
Persistent link: https://www.econbiz.de/10010439367
central. Keynes's vision of macroeconomics is better described as "medical." It is based in human psychology and individual …The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding … classical macroeconomics) to Keynes. The real story is more complicated and involves at least two distinct threads. Keynes was …
Persistent link: https://www.econbiz.de/10011708002
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 …, not so much its speculations about the role of psychology and social conventions in the economic decisions of individual …
Persistent link: https://www.econbiz.de/10010292008