Journal ArticleDOI
Keynes, legacies, and inquiry
TLDR
This article revisited four themes in Keynes' oeuvre that are especially worthy of revisiting: the importance of economic inequality, the potentially fragile underpinnings of international economic order, the inherent dysfunctions of the international monetary economy, and, perhaps most important, Keynes' philosophy and its relationship to economic inquiry.Abstract:
As President Nixon once observed, “we are all Keynesians.” And we do indeed live in a macroeconomic world, essentially, as defined and elucidated by Keynes. But Keynes himself is underrepresented in both political science and in mainstream economics. This is a costly intellectual error. Keynes’ prodigious writings, as well as his actions, offer a treasure trove of inspiration, analysis, and insight. This article considers four themes in Keynes’ oeuvre that are especially worthy of revisiting: the importance of economic inequality, the potentially fragile underpinnings of international economic order, the inherent dysfunctions of the international monetary economy, and, perhaps most important, Keynes’ philosophy and its relationship to economic inquiry.read more
Citations
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Journal ArticleDOI
The (impossible) repo trinity: The political economy of repo markets
TL;DR: The concept of the "repo trinity" was introduced by as mentioned in this paper, which captures a set of policy objectives that central banks outlined after the 1998 Russian crisis, the first systemic crisis of collateral-based finance, connecting financial stability with liquid government bond markets and free repo markets.
Book
The Power of Scientific Knowledge: From Research to Public Policy
Reiner Grundmann,Nico Stehr +1 more
TL;DR: In this paper, the savior of capitalism: the power of economic discourse, the mentors of the Holocaust and race science, and the protectors of nature: power of climate change research.
Journal ArticleDOI
Reading the right signals and reading the signals right: IPE and the financial crisis of 2008
TL;DR: This article developed the conceptual distinction between risk and uncertainty to explain why the rationalist (and largely materialist) "American School" of IPE failed so badly in the 2008 financial crisis.
Journal ArticleDOI
The Economic Sins of Modern IR Theory and the Classical Realist Alternative
TL;DR: In contemporary international relations (IR) scholarship there is a common claim that we are past paradigms, and many younger scholars are expected to recite this mantra as mentioned in this paper. But making such a claim is a political act, not an intellectual one.
References
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Book
General Theory of Employment, Interest and Money
TL;DR: In this article, a general theory of the rate of interest was proposed, and the subjective and objective factors of the propensity to consume and the multiplier were considered, as well as the psychological and business incentives to invest.
Journal ArticleDOI
The General Theory of Employment, Interest and Money.
Journal ArticleDOI
The General Theory of Employment
TL;DR: In this paper, the theory of interest was restated and the output of capital goods and of consumption was analyzed in terms of uncertainty and fluctuations of investment, and demand and supply for output as a whole.
Book ChapterDOI
The role of monetary policy
TL;DR: There is wide agreement about the major goals of economic policy: high employment, stable prices, and rapid growth as discussed by the authors.There is less agreement that these goals are mutually compatible or, among those who regard them as incompatible, about the terms at which they can and should be substituted for one another.
Posted Content
Inequality and Economic Growth: The Perspective of the New Growth Theories
TL;DR: This paper analyzed the relationship between inequality and economic growth from two directions, showing that when capital markets are imperfect, there is not necessarily a trade-off between equity and efficiency, and provided an explanation for two recent empirical findings, namely, the negative impact of inequality and the positive effect of redistribution upon growth.