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Outside money: The advantages of owning the magic porridge pot

Wray, L. Randall - 2014

Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...

Persistent link: https://www.econbiz.de/10010513039

Has the time for a European job guarantee policy arrived?

Antonopoulos, Rania - 2023

As country after country in the European Union is called to respond to the current challenge of our time - high inflation and declining real wages - governments must engage in a transformative agenda and go beyond emergency energy vouchers and income support cashtransfers. And if the goal is to...

Persistent link: https://www.econbiz.de/10014474497

The elephant in the other room

Veneziani, Roberto; Skillman, Gilbert L. - 2024

Fabio Petri's Microeconomics for the Critical Mind (2021) is an impressive tour de force in the field of microeconomic theory. It manifests the author's command of cutting edge analytical tools, concepts, and theoretical approaches both in the mainstream and in the heterodox literature. The book...

Persistent link: https://www.econbiz.de/10014480522

Order, displacements and recurring financial crises

Hoffmann, Andreas; Urbansky, Björn - 2012

The paper describes boom-and-bust cycles within Hayek's framework of order and aims to provide an understanding of recurring crises in recent financial history. We argue that a boom-and-bust cycle is initiated by a displacement that lowers the degree of (ex-post) plan coherence (or order) in an...

Persistent link: https://www.econbiz.de/10010309229

Introduction to an alternative history of money

Wray, L. Randall - 2012

Persistent link: https://www.econbiz.de/10010318642

The missing macro link

Caverzasi, Eugenio - 2013

This paper addresses the critique of the aggregational problem attached to the financial instability hypothesis of Hyman Minsky. The core of this critique is based on the Kaleckian analytical framework and, in very broad terms, states that the expenditure of firms for investment is at the same...

Persistent link: https://www.econbiz.de/10010318668

Social security and gender inequality

Malyshava, Liudmila; McCoy, Brandon - 2024

This inquiry examines the role of federal policy in gender inequality using the principles of institutional adjustment (Foster 1981; Bush 1987) in the context of the Veblenian dichotomy of habit formation. Specifically, the authors assert that Social Security, though exclusive at its inception in...

Persistent link: https://www.econbiz.de/10014581883

Employment guarantee programs: a survey of theories and policy experiences

Kaboub, Fadhel - 2007

This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and France. The theoretical and policy developments are delineated in a historical...

Persistent link: https://www.econbiz.de/10010266460

The right to a job, the right types of projects: employment guarantee policies from a gender perspective

Antonopoulos, Rania - 2007

There is now widespread recognition that in most countries, private-sector investment has not been able to absorb surplus labor. This is all the more the case for poor unskilled people. Public works programs and employment guarantee schemes in South Africa, India, and other countries provide...

Persistent link: https://www.econbiz.de/10010266476

The continuing legacy of John Maynard Keynes

Wray, L. Randall - 2007

This working paper examines the legacy of Keynes's General Theory of Employment, Interest, and Money (1936) on the … occasion of the 70th anniversary of its publication and the 60th anniversary of Keynes's death. The paper incorporates some of … the latest research by prominent followers of Keynes, presented at the 9th International Post Keynesian Conference in …

Persistent link: https://www.econbiz.de/10010266511