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production embraced by heterodox traditions linked to Marx, Veblen, and Keynes. This paper examines and integrates (1) recent … contributions by David Graeber and Duncan Foley that reinterpret Marx's labor theory of value, (2) the interpretation of Keynes …
Persistent link: https://www.econbiz.de/10015189324
Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a...
Persistent link: https://www.econbiz.de/10014278230
Keynes' General Theory was a massive step forward relative to classical economics, but it was also a step backward in … its denial of the conflictual nature of capitalism. There is need to understand Keynes' technical contributions regarding …. Keynes made a fundamental contribution elucidating the mechanism of effective demand, and he also has claim to be the …
Persistent link: https://www.econbiz.de/10014329437
incommensurabilities between Keynes' monetary production paradigm and the Marxian-Kaleckian social conflict paradigm. This suggests that … that this distinction aligns Keynes' economics with neoclassical (mainstream) economics, as the acceptance or rejection of …
Persistent link: https://www.econbiz.de/10014334249
in their opposition to the interventionist "full employment" teachings of their English colleague John Maynard Keynes. An … article by Röpke on Keynes in the Swiss newspaper Neue Zürcher Zeitung (NZZ) published in 1946 however met with "fundamental … friends was Keynes's famous earlier critique of the Versailles Peace Treaty, and the lessons to be drawn for the post-WW II …
Persistent link: https://www.econbiz.de/10014420708
This paper revisits Keynes's (1930) essay titled "The economic possibilities for our grandchildren." We discuss the … three broader trends identified by Keynes that he expected would come to characterize the socio-economic evolution of …
Persistent link: https://www.econbiz.de/10014474505
This textbook applies economic ethics to evaluate the free market system and enables students to examine the impact of free markets using the three main ethical approaches: utilitarianism, principle-based ethics and virtue ethics. Ethics and Economics systematically links empirical research to...
Persistent link: https://www.econbiz.de/10014520710
Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often … described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was … exploitative system. The scholarship on Keynes also remained divided. However, in the last few decades a more robust position in …
Persistent link: https://www.econbiz.de/10014546886
or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short …
Persistent link: https://www.econbiz.de/10014584244
line, as Palley suggests. Additionally, I highlighted the distinction between Keynes' economics and Keynesian economics …
Persistent link: https://www.econbiz.de/10014633247