Titlebook: Economic and Financial Crises; A New Macroeconomic Alvaro Cencini,Sergio Rossi Book 2015 Alvaro Cencini and Sergio Rossi 2015 banking.capi

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https://doi.org/10.1057/9780230508361. This is not what the followers of mainstream economics claim. Both neoclassical economists (whether advocates of the New Classical or of the real business cycle approach) and Keynesian economists (whether members of the New Keynesian or the post-Keynesian school) believe in some kind of general eq

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Andy Wales,Matthew Gorman,Dunstan Hopeas on prices, and it is since Ricardo’s (1817/1951) . that economists are aware that a satisfactory theory of value must account for the presence of capital. In particular, both Ricardo and B?hm-Bawerk (1889/1959) emphasize the role played by time in enabling capital to be an indirect source of econ

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https://doi.org/10.1007/978-981-15-4944-1 carried out by two separate bodies, ‘without the slightest loss of advantage, either to the country, or to the merchants who receive accommodation from such loans’. In fact, as we will argue in this chapter, this functional separation is not only harmless but a structural factor of financial stabil

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https://doi.org/10.1007/978-3-031-55639-5 financial crises has grown stronger year after year and has now reached a critical urgency. However, as Dooley et al. (2009: 4) emphasized, ‘in weighing potential dimensions of reform, there remains considerable uncertainty and debate about the relative importance of factors that have driven and co

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The Beginning and End of the Metagalaxy,The aim of this chapter is to show that both monetarism and the new classical synthesis fail to provide a satisfactory analysis of the working of our economies and of the way disorders may arise, disrupting the economic system taken as a whole.

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Book 2015This book deals with the structural origins of economic and financial crises. It explains that both economic theories and policies need to be grounded on a monetary macroeconomic analysis of the working of domestic and international economies. The volume outlines reform proposals to make sure that banking activities respect the nature of money.