Is the NAIRU theory a Monetarist, New Keynesian, Post Keynesian or a Marxist theory?
In: Working paper 96
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In: Working paper 96
In: NBER Working Paper No. w23109
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In: International journal of political economy: a journal of translations, Band 48, Heft 1, S. 60-75
ISSN: 1558-0970
In: Journal of economic studies, Band 6, Heft 2, S. 227-236
ISSN: 1758-7387
This paper presents, both diagrammatically and algebraically, a two‐sector model that exemplifies and shares some of the basic characteristics to be found in the work of Kalecki, Joan Robinson, Kaldor and, in general, the "Post‐Keynesian" school of writers.
In: Post Keynesian Economics Study Group
In: Beyond Keynes v. 1
In: Edward Elgar E-Book Archive
This is the first of two volumes celebrating Keynes's contribution to economics, and the development of post Keynesian economics in recent years. It reinstates the importance of Keynesian economics and its revival since the end of the 1980s, and the book's authoritative chapters are presented by an outstanding group of international contributors
In: Revista de economía del Caribe, Heft 2, S. 1-30
ISSN: 2145-9363
The main objective of this paper is to explore the possible common grounds, divergences and complementarities between the Veblenian's approach on the Theory of Business Enterprise followed by Institutional economists, and the modern Post Keynesian Micro theory on Business enterprise. Due to the dispersion and lack of systematization of Institutional Economics regarding this body of theory, compared with the Post-Keynesian theory of the firm, the main efforts of this paper will be dedicated to a short survey of the Institutional approach. In the second section of the paper I review the basic ideas presented in Veblen's main contributions on this area regarding business enterprises (industrial process, main principles, role of credit, ownership structure, the legal framework, the price behavior and the cultural incidences). Then, I make a comparison with the main theoretical results that modern postkeynesian vision has developed regarding structure of production, costing, pricing, investment, and competition and market governance . I claim that even though there are commonalities and some minor divergences between the two approaches, complementarities among them are more relevant, although the main areas of research have been somewhat different. I end with some conclusions that underline possible areas of cooperation between these two schools of economic thought within the heterodox paradigm.
In: New directions in modern economics
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Working paper
In: EBSCOhost eBook Collection
Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth and inflation; Kaleckian perspectives on distribution; economic methodology; and history of heterodox economic theory
In: Levy Economics Institute Working Paper No. 1025
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This volume represents the extension of Keynes' General Theory by a group of eminent economists. Each essay takes Keynes' work as a frame of reference for criticism, explorations and insights, whilst adding to the superstructure on the foundation of the General Theory. The essays also provide the necessary sense of perspective with a view to examining the Keynesian contribution to economic thought and also the limitations of Keynesian economics. The international contributors include:Dudley Dillard, Martin Bronfenbrenner, Mabel F. Timlin, William S. Vickrey, Don Patinkin, Howard R
In: Routledge frontiers of political economy 9
In: New directions in modern economics series
This book provides an enlightening glimpse into the deep theoretical traditions of post-Keynesian theory whilst also illuminating the richness and uniqueness of post-Keynesian economic policy. The editors have gathered together leading scholars and researchers to push the boundaries of post-Keynesian thinking. They address a number of important issues dealing with wage determination, income distribution and central bank governance. Many of these chapters share a common theme including a criticism of the usefulness of monetary policy in fighting or targeting inflation and the questions this raises for central bank governance. The book also focuses on open economy issues such as capital flows, globalization, FDI and the Washington Consensus. Monetary Policy and Financial Stability is required reading for students, scholars and researchers of economics, and for policymakers seeking rational alternatives to the current neo-classical orthodoxy
In: World review of political economy: journal of the World Association for Political Economy, Band 5, Heft 1, S. 78-95
ISSN: 2042-891X
In: Journal of post-Keynesian economics, Band 46, Heft 4, S. 498-516
ISSN: 1557-7821