Results 51 to 60 of about 60,042 (208)
This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in "monetary production economies," Post Keynesian economics offers a
Jorg Bibow
core
Capital in Motion: Synthesizing the Circulation and Reproduction in a Multi‐Sector Growth Model
Metroeconomica, EarlyView.ABSTRACT This paper analyzes Capital in Motion (CIM) in a capitalist economy, based on Karl Marx's Capital, Volume 2. It examines the circuit of capital, distinguishing between stock and flow variables, and integrates a multi‐sector growth model that combines the circuit and turnover of capital with the reproduction scheme.
Takashi Satoh
wiley +1 more source
Aggregate Demand and Supply [PDF]
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make ...
Roger E. A. Farmer
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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
Post-keynésiens et régulationnistes :Une alternative à la crise de l’économie standard ?
Revue de la Régulation, 2011 The two research programs, post-Keynesian and régulationist, have in common to provide an alternative to standard economics whose inability to account for the stylized facts observed since the 1970s, and even more in the current crisis, is now clear.
Robert Boyer
doaj +1 more source
Growth, the Environment and Keynes: Reflections on Two Heterodox Schools of Thought [PDF]
This paper explores the approach of Post Keynesian Economics (PKE) in comparison with ecological economics. While PKE, like all macroeconomics, has failed to address environmental problems it does have many aspects which make compatibility with ...
Clive L Spash, Heinz Schandl
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Post-Keynesian institutionalism after the great recession [PDF]
, 2012 This paper 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, within the current context, important ...
Whalen, Charles J.
core +2 more sources
Metroeconomica, EarlyView.ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of income distribution dynamics.
Hagen M. Krämer +2 more
wiley +1 more source
The spread of Keynesian economics : a comparison of the Belgian and Italian experiences [PDF]
Keynesian economics dominated economic thought and macroeconomic policy-making in the 1950s and 1960s. However, the diffusion of Keynesian economics has been uneven.
Ivo Maes
core
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