This paper focuses on Keynes’s exposition of the Principle of Effective Demand and its generalised mathematical representation – the basis of a Z-D type model. It elaborates on Keynes’s algebraic formulation in the General Theory, relying on interpreters who contributed to the...

Keynes’s theory of a monetary economy and his liquidity preference theory of investment will be examined in order to highlight the essential properties of money under the conditions of uncertainty, which inevitably prefigures the existence of involuntary unemployment and could – within a...

History has witnessed many great individuals who have had unforgettable impact and great influences on societies that they may not last for centuries. Among these, doubtless to say, John Maynard Keynes was one of the most influenced social scientists. It is therefore the subject of this study to...

History has witnessed many great individuals who have had unforgettable impact and great influences on societies that they may not last for centuries. Among these, doubtless to say, John Maynard Keynes was one of the most influenced social scientists. It is therefore the subject of this study to...

This is an unpublished document on the history of Italian economic planning in the 1970s: a letter of the Italian minister Ugo La Malfa to Claudio Napoleoni

In this bibliographic review, the Keynes‘main arguments against the Say’s law are gathered, this law was thought to be a special case of a broader and general theory and therefore more powerful as economic policy is concerned. These insights are vital, to understand Keynesian economics and...

This article writes about the thinking of Al-Maqrizi Islamic economic figure. The method used in the concept of money according to Al-Maqrizi is literature study. Al-Maqrizi is in the second phase in the history of Islamic economic thought, a phrase that begins to show signs of slowing...

We analyze a series of macroeconometric models developed in the years of high theory by Marschak, Frisch and Leontief. These models share an explanation of growth, cycles and fluctuations (“economic change”) based on the analysis of the circulation of capital goods among producers. They...

This paper is not intended to assess and to examine fiscal policies carried out by the fiscal authorities of any country, including the Indonesian government, but only to refresh theoretical fiscal policy functions, which are then linked to some facts of their implementation in a number of...

Among the economists who participated in the discussions about a new international and monetary order between the two world wars was Friedrich Hayek. Although they have been the subject of attention, - his positions and proposals of the 1930s on this topic, they are relatively less studied. In...