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This paper investigates the dynamics of income distribution, private debt, and aggregate demand in the United States in the era before the Great Depression. Based on a post-Keynesian model, I estimate the effects of the wage share and private debt on aggregate demand for private domestic output....
Persistent link: https://www.econbiz.de/10011659469
that as commentaries on economic methodology, particularly the applicability of Western models to Russia. We conclude …
Persistent link: https://www.econbiz.de/10012835526
This paper extends a long tradition of Western analyses of Russian economic thought on Keynes, updating the story through the period that followed the global financial crisis of 2007-2008. We survey contemporary views of Keynesianism by mainstream and traditionalist economists and consider the...
Persistent link: https://www.econbiz.de/10012823898
result of labour attitude towards nature, regarding the mode of production. The movement for socialism, the revolutionary … process, emerges as a necessity based on the contradictoriness development of the social character of labour. Early Socialism … emerges and develops on a material and technical base, which by no means corresponds to socialism, under the conditions of the …
Persistent link: https://www.econbiz.de/10005628114
Evsey Domar put forward in a couple of articles in the 1940s a "guaranteed income growth proposal." For the first time … expectations, without putting the guarantee to test. This paper presents a detailed treatment of Domar's stabilization plan in the …
Persistent link: https://www.econbiz.de/10012257524
The paper investigates Evsey's Domar's introduction of the rate of growth as a variable in economics in the 1940s and … 1950s . Domar investigated the nature of what he called the "moving equilibrium" of ec onomic processes with infinite … duration. Reactions to Domar' s approach at the time brought about methodological assertions on the distinction between models …
Persistent link: https://www.econbiz.de/10011600630
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