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Category Archives: Schumpeter
Poli 610:Macro-economic theory and policy after Keynes and the crash of 2008
Pol. 610 Macro-economic policy-making after Keynes Concordia University fall, 2012 Prof. H. Chorney tel. 848 2424 ext.2106 e mail Chorney@alcor.concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory in the light of recent … Continue reading
Posted in austerity, business cycles, Canada, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, free trade and globalization, full employment, Hayek, J.M.Keynes, Keynesian multiplier, labour market clearing, Milton Friedman and NAIRU, monetary policy, natural rate of inflation, quantitative easing, quantity theory of money, Schumpeter, U.K. economy, U.S., Uncategorized, unemployment
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Keynes versus the monetarists 2
Originally posted SUNDAY, SEPTEMBER 19, 2010 Keynes versus monetarists 2 Some additional distinctions : Keynes&monetaristsKeynes’ theory of investment depends upon what he calls the marginal efficiency of capital. He defines the mec as follows: that rate of discount from a … Continue reading
The Theory of the Business Cycle in Hayek, Keynes and Schumpeter
The paper below is a preliminary version of a chapter in my forthcoming book. I first presented this at a conference of Heterodox Economics in London , U.K. in 2001. The tech crash was in the air and unemployment had … Continue reading
Posted in austerity, business cycles, Canada, classical economics, J.M.Keynes, monetary policy, Schumpeter, U.S., Uncategorized, unemployment
Tagged Hayek, Schumpeter
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