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Keynes, Kalecki and Minsky - Post Keynesian champions in comparison or: Joining forces, horses for courses or the necessity of discrimination?
Heise, Arne - 2024
, different theories can either collaborate effectively or require clear discrimination if they belong to distinct paradigms … hermeneutic comparison, the common assessment that the champions of Post Keynesian economics - John Maynard Keynes, Michal Kalecki …
Persistent link: https://www.econbiz.de/10014633304
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2016
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011560674
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2017
In this paper the main developments in post-Keynesian macroeconomics since the mid-1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011918712
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …
Persistent link: https://www.econbiz.de/10008906589
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Axel Leijonhufvud: A personal recollection from an Austrian perspective
Ferlito, Carmelo - In: PSL quarterly review 75 (2022) 302, pp. 299-310
Professor Axel Leijonhufvud passed away few months ago, at the age of 89. Despite the fact that the contribution he made to economics has been widely recognized, his approach remains 'problematic' because of his dialogue and proximity with different streams of thought, and in particular with the...
Persistent link: https://www.econbiz.de/10014230861
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Karl Marx : an early post-Keynesian? : a comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky
Hein, Eckhard - 2019
influenced by Marx's work. First, the relationship between Marx's theory of value and Sraffa's reformulation of the classical … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined … relying on an interpretation of Marx's theory of value as a "monetary theory of value". Next, some light is shed on the Marx …
Persistent link: https://www.econbiz.de/10011994938
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Mr. Keynes, Prof. Krugman, IS-LM, and the End of Economics as We Know It
Kakarot-Handtke, Egmont - 2014
happened to Keynes in the days of high theory and to Krugman in these days. Keynes applied a defect formalism, which is here …
Persistent link: https://www.econbiz.de/10013059191
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Revisiting (and connecting) Marglin-Bhaduri and Minsky : an SFC look at financialization and profit-led growth
Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2009
Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...
Persistent link: https://www.econbiz.de/10003859971
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An analytical framework for the Post-Keynesian macroeconomic paradigm
Herr, Hansjörg - 2013
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
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Interactive macroeconomics : a pluralist simulator
Prante, Franz J.; Barmucci, Alessandro; Hein, Eckhard; … - 2019
macroeconomic theory. For this purpose, we explicitly present two competing paradigms, the new-Keynesian and the post-Keynesian one …
Persistent link: https://www.econbiz.de/10011994508