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The foundation of the modern national economy and discipline over its monetary discourse : a consideration from the perspective of Polanyian economics
Wakabayashi, Shigetaro - In: Journal of economic issues : jei 44 (2010) 3, pp. 795-817
Persistent link: https://www.econbiz.de/10008701518
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Revisit to 'Fundamental Re-Examination of Keynesian Economics and Monetarism As Portfolio Adjustment Theories : ' Recent Japanese Macroeconomic Data Too Suggest the Advisability of Dismissing the Stock Approaches to the Quantity Theory of Money and Also of Its Reconstruction According to a Flow Approach Based Upon Stable Expectations for Nominal Income
Wakabayashi, Shigetaro - 2018
In his 2016 paper, Wakabayashi argues:(a) that old Keynesian economics, monetarism, and new Keynesian economics are all equally portfolio adjustment theories, or “stock” approaches to the quantity theory of money; (b) that post-war mainstream macroeconomics has been basically such portfolio...
Persistent link: https://www.econbiz.de/10012910232