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Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung
Heise, Arne - 2018
In diesem Beitrag geht es darum, den Postkeynesianismus als paradigmatische Alternative zum herrschenden neoklassischen … Mainstream etwas näher kennenzulernen. Es zeigt sich sehr schnell, dass der Postkeynesianismus keine einheitliche Denkschule … Nachvollzug dieser Postulate aus dem axiomatischen Kern des Postkeynesianismus wird dann darauf verzichtet, dass Kaleidoskop …
Persistent link: https://www.econbiz.de/10011904077
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Distribution-led growth through methodological lenses
Nikiforos, Michalis - 2016
This paper presents a methodological discussion of two recent “endogeneity” critiques of the Kaleckian model and the concept of distribution-led growth. From a neo-Keynesian perspective, and following Kaldor (1955) and Robinson (1956), the model is criticized because it treats distribution...
Persistent link: https://www.econbiz.de/10011591479
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Postkeynesianismus : ein heterodoxer Ansatz auf der Suche nach einer Fundierung
Heise, Arne - In: List-Forum für Wirtschafts- und Finanzpolitik 44 (2018) 4, pp. 867-888
Persistent link: https://www.econbiz.de/10012009658
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Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism
Prante, Franz; Hein, Eckhard; Bramucci, Alessandro - 2021
We outline and simulate a stylised post-Keynesian two country stock-flow consistent model to demonstrate the interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the bottom 90% households, the rise of international...
Persistent link: https://www.econbiz.de/10012696153
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The limits to profit-wage redistribution : endogenous regime shifts in Kaleckian models of growth and distribution
Köhler, Kasper - 2018
A feature of Kaleckian models of distribution and growth that is often overlooked is that they describe a nonlinear relation between functional income distribution and demand and growth, because the size of the multiplier is affected by redistribution from wages to profits and vice versa. This...
Persistent link: https://www.econbiz.de/10011938664
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Demand and growth regimes in finance-dominated capitalism and a progressive equality-, sustainability- and domestic demand-led alternative : a post-Keynesian simulation approach
Hein, Eckhard; Prante, Franz; Bramucci, Alessandro - In: PSL quarterly review 76 (2023) 305, pp. 181-202
Making use of a post-Keynesian/Kaleckian two-country stock-flow consistent (SFC) simulation model, we shed light on different regimes in modern finance-dominated capitalism, their interaction at the global scale, and then on the changes in regimes after the 2007-09 crises. Most importantly, we...
Persistent link: https://www.econbiz.de/10014550808
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Varieties of demand and growth regimes - post-Keynesian foundations
Hein, Eckhard - 2022
We review post-Keynesian contributions to demand and growth regime analysis. First, we distinguish the Kalecki-Steindl approach and the Sraffian supermultiplier approach as relevant theoretical foundations for demand and growth regime research, with investment-driven and distribution-led growth...
Persistent link: https://www.econbiz.de/10013459951
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Financialisation and the potentials for a progressive equality-, sustainability- and domestic demand-led regime : a post-Keynesian simulation approach
Hein, Eckhard; Prante, Franz; Bramucci, Alessandro - 2022
In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...
Persistent link: https://www.econbiz.de/10013393481
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
The Queen of England famously asked her economic advisers why none of them had seen "it" (the global financial crisis) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the postwar period - from the "Age of Keynes" through the...
Persistent link: https://www.econbiz.de/10008906589
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Anticipations of the Crisis : On the Similarities between Post Keynesian Economics and Regulation Theory
Setterfield, Mark - 2010
The purpose of this paper is to explore the similarities between Post Keynesian Economics (PKE) and Regulation Theory (RT). It is argued that, despite important differences between these traditions, the analytical contents of PKE and RT display broad similarities with respect to their treatments...
Persistent link: https://www.econbiz.de/10013138329