Results 161 to 170 of about 710,297 (341)
Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, EarlyView.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley +1 more source
Political Economy and Economic Science: The Work of Phyllis Deane [PDF]
Some time ago, Phyllis Deane pointed to “an inescapable tension between political economy and economic science”. Yet, the separation of positive economics (pure and empirical) on the one hand and normative economics (pure and applied) on the other is ...
Heinrich Bortis
core
Austrian Economics, Neoclassicism, and the Market Test [PDF]
, 1997 Leland R Yeager
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RATIONAL ROOTS OF "IRRATIONAL" BEHAVIOR: NEW THEORIES OF ECONOMIC DECISION-MAKING [PDF]
The neoclassical paradigm has proven to be a rich approach for evaluating a variety of issues for individual and social decision-making. However, an increasing body of literature suggests that actual behavior systematically violates the neoclassical ...
Opaluch, James J., Segerson, Kathleen
core +1 more source
Metroeconomica, EarlyView.ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Grounded Theory and Heterodox Economics
Grounded Theory Review: An International Journal, 2005 The dominant theory in the discipline of economics, known as neoclassical economics, is being challenged by an upstart, known as heterodox economics.
Frederic S. Lee
doaj
LAKATOS AND THE ASSUMPTION OF THE NEUTRALITY OF MONEY IN NEOCLASSICAL ECONOMICS
, 2020 Marla Schiefeling
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Does Behavioral Economics substitute or complement Neoclassical Economics? Rethinking the behavioral revolution from a contextualist approach [PDF]
, 2022 Josafat I. Hernández Cervantes
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