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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

This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …

Persistent link: https://www.econbiz.de/10011994938

Lucas, Keynes, and the crisis

Laidler, David - 2009

This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...

Persistent link: https://www.econbiz.de/10010292008

Epistemic Causality and Hard Uncertainty : A Keynesian Approach

Vercelli, Alessandro - 2002

The interplay of epistemic and empiric conditions of human behaviour plays a crucial role in economic causality but it is not satisfactorily analysed by the existing approaches to economic causality, including the most influential of them: Granger causality. In order to find a more satisfactory...

Persistent link: https://www.econbiz.de/10014119275

Confirming Robinson's Statement? A Lakatosian Analysis of Keynes and his Immediate Orthodoxy

2013

Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...

Persistent link: https://www.econbiz.de/10013084582

Keynes, Bastiat and the Multiplier

McGee, Robert W. - 2014

Keynes is back. President Obama's economic stimulus package is based on the premise that we can spend our way out of recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The General Theory of Employment, Interest and Money....

Persistent link: https://www.econbiz.de/10013054153

The behavioral economics of John Maynard Keynes

Schettkat, Ronald - 2018

After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo-) classical at the micro-level, but Keynesian at the macro-level. In actuality, Keynes' revolution was, to a substantial part, based on the behavioral micro-foundations of the world we...

Persistent link: https://www.econbiz.de/10011929683

James Tobin and modern monetary theory

Dimand, Robert W. - 2014

This paper examines the relationship of the monetary economics of James Tobin to modern monetary theory, which has diverged in many ways from the directions taken by Tobin and his associates (for example, moving away from multi‐asset models of financial market equilibrium and from monetary...

Persistent link: https://www.econbiz.de/10011639321

Keynesian Theorizing During Hard Times : Stock-Flow Consistent Models as an Unexplored 'Frontier' of Keynesian Macroeconomics

Dos Santos, Claudio H. - 2004

unexplored with the end of Keynesian academic hegemony. The representative views of Davidson, Godley, Minsky, and Tobin as …

Persistent link: https://www.econbiz.de/10014071545

Lectures on John Maynard Keynes' General Theory of Employment, Interest and Money (5) : Chapter 6, The Definition of Income, Saving and Investment; Appendix to Chapter 6, Appendix on User Cost; Chapter 7, The Meaning of Saving and Investment Further Considered

Ferguson, Brian S. - 2013

Chapter Six and its Appendix deal in some detail with the way Keynes is defining income, savings and investment in the General Theory while the appendix to Chapter 6 goes into detail on user cost. His concept of user cost at one point sparked a certain amount of controversy among Keynesians but...

Persistent link: https://www.econbiz.de/10013077469

Lectures on John Maynard Keynes' General Theory of Employment, Interest and Money (6) : Chapters 8, 9 and 10: Keynes' Theory of Consumer Behaviour

Ferguson, Brian S. - 2013

Chapters 8, 9 and 10 set out Keynes' theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I. The Objective Factors, Chapter 9 is The Propensity to Consume: II. The Subjective Factors, and Chapter 10 is The Marginal Propensity to Consume and the Multiplier. Contrary to...

Persistent link: https://www.econbiz.de/10013077470