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This article surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, against the backdrop of the current context, important research that paved the way...
Persistent link: https://www.econbiz.de/10014363160
Are Institutional and post-Keynesian economists converging on a shared approach to understanding Modern Monetary Theory (MMT)? The literature suggests growing recognition that post-Keynesians and Institutionalists share a common intellectual history, conceptual frameworks, and overlapping...
Persistent link: https://www.econbiz.de/10014363162
In comparing the historical circumstances in which ordoliberalism emerged with the socio-economic and political trends of today, this study identifies parallels that can provide useful insights into tackling current challenges in the digital age. On this basis, the study explores whether...
Persistent link: https://www.econbiz.de/10014523588
The ”mainstream” neoclassical assumptions about human economic behavior are currently challenged by both behavioural researches on human behaviour and other theoretical approaches which, in the context of the recent economic and financial crisis find arguments to reinforce their theoretical...
Persistent link: https://www.econbiz.de/10012017247
This article highlights the various sources that shaped the genesis of ordoliberalism. In the wake of the emerging project of neoliberalism, ordoliberals created a theory that contains a bundle of claims, which constitute the attempt to merge liberalism and its contextual embedding into a social...
Persistent link: https://www.econbiz.de/10014501761
Scitovsky is known as a forerunner of behavioural economics simply because he drew heavily on psychology and claimed that people's choices may be "joyless" (Scitovsky, The joyless economy, 1976). However, a careful reformulation of his analysis shows that he anticipated a number of insights...
Persistent link: https://www.econbiz.de/10010378318