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FMM Conference 2022 History and fundamentals of post-Keynesian macroeconomics - Marc Lavoie 

Hans-Böckler-Stiftung
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History and fundamentals of post-Keynesian macroeconomics
Marc Lavoie (University of Ottawa)
Introductory Lectures FMM Conference 2022
Post-Keynesian Economics and Global Challenges
Post-Keynesian economics, based on the original works of Keynes, Kalecki, Kaldor, Joan Robinson, Minsky and oth-ers, has been the main alternative to orthodox and mainstream macroeconomics for decades and has inspired the FMM since its beginning. The 2022 conference aims to take stock of post-Keynesian and other critical contributions with a focus on how they deal with current global macroeconomic challenges. These include high and rising imbal-ances and inequalities at national and global levels, and the need for social-ecological and economic transformation to address the environmental crisis. While these challenges require coordinated government intervention, both na-tionally and internationally, policymakers are faced with high public debt and, more recently, rising inflation rates. At the same time, the global financial architecture puts severe limits on the ability of countries in the Global South to conduct macroeconomic policies that can address the current economic and social challenges. We will discuss how post-Keynesians have analysed these problems applying different theoretical and empirical methods and have eco-nomic policy alternatives.
to the documentation:
www.boeckler.de/de/dokumentat...

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1 ноя 2022

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Комментарии : 7   
@klam77
@klam77 7 месяцев назад
Hans Bockler Stiftung is now an expert host of SFC Economics! Very nice.
@thomasd2444
@thomasd2444 Год назад
1:00:15 - Slide MMT Statements That Attract Attention 1:00:46 - Slide U S Senators Condeming MMT (May 2019) 1:01:25 - Slide Monetary Circuit Theory / Currency Heirarchy 1:03:06 - Slide Kaleckian Growth & Distribution 1:04:58 - Slide Personal Income & Wealth Distribution 1:05:29 - Slide Ecological Macroeconomics & PKE 1:07:13 - Slide Balance-of-Payment Constraints 1:07:31 - Slide Inflation Theory 1:08:14 - Slide Agent-Based Models & SFC 1:09:08 - Slide Comparative Political Economy, Varieties of Capitalism 1:09:44 - Slide Left-out Topics 1:10:44 - Slide Final Thoughts 1:10:48 - Slide The Most Extremest Versions Always Seem to Attract All the Attention 1:11:54 - Slide Conclusion: The Future of PK Economics
@klam77
@klam77 7 месяцев назад
brilliant.
@thomasd2444
@thomasd2444 Год назад
08:18 - Slide What do all these heterodox schools have in common? 10:34 - 5 Presuppositions of heterodox program vs. those of mainstream 13:23 - Part I I The Presupositions of Post Keynesian Economics 13:35 - Slide PKE Adopt the 5 General Presuppositions 15:34 - Slide Distrust of unfettered markets 15:59 - Slide Some General Macroeconomic Paradoxes 18:36 - Slide Some Crisis-Related Macroeconomic Paradoxes ... 22:00 - Slide 5 Specific post-Keynesian Presuppositions 22:28 - 25:45 - Slide Wrong Knowledge of How Banks Operate - Loanable Funds 28:28 - Part I I I History of post-Keynesian Economics 28:39 - Slide Phases in the Creation of PKE 29:06 - Slide 1.1 Where are the Origins ? 31:02 - Slide 1.2 JR: The Accumulation of Capital (1956) & Kaldor's Article on Income Distribution 33:49 - Slide 2.1 The Capital Controversies 1960s & Early 1070s 36:16 - Slide 2.2 The Response to Monetarism 40:01 - Slide The Americans Join In ... 41:27 - Slide The Eichner & Kregel Article ... 1975 42:51 - Slide 3.1 The Romantic Age A Grand Synthetic Theory ... 44:02 - Slide 3.2 - The Institutionalization of PKE 46:36 - Slide 4. The Age of Uncertainty 47:48 - Slide 5. The Age of Policy ( MMT ) 48:54 - Slide What About Formalization & Econometrics in PKE ? 51:48 - Slide Tony Lawson on Formalization & Heterodox Economics 52:50 - Slide Inconsistant PK Economists ? 53:30 - SlideThe New View Slide--Caffarel 2019 54:09 - Slide Part I V The Various Strands of post-Keynesian Economics 54:14 - Slide The Hamouda & Harcourt (1988) 3-Way Typology 55:04 - Slide The Lavoie (2010, 2014) 5-Way Current Typology 56:33 - Slide Part V Post-Keynesian Economics In The Limelight Today 56:41 - Slide Practical & Theoretical Impact 56:46 - Slide Monetary Theory 57:59 - Slide Financial Instability Hypothesis 59:00 - Slide Modern Monetary Theory & PKE
@klam77
@klam77 7 месяцев назад
Very much appreciated! thank you.
@davidwilkie9551
@davidwilkie9551 7 месяцев назад
As a former Borrower who had a brief period in a Bank, the scenario of money creation is purely Social momentum and more like carried on habits in families than realistic policies, so when one gets a loan, it's an aspect of the society expectations we call "business confidence", it's hope, fear, trust and failure all wrapped in continuous chaos. The only actual way to know a predictable future is to make it yourself unrelentingly, which is the borrower's promise to the lender, and that is what government legislation is supposed to protect on a reasonably common basis. All the rest is Commentary..?
@kuttikuttan
@kuttikuttan 5 месяцев назад
Is it Ghandi economics (as shown in the slide) or as we call in India Gandhian Economics?
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Kettim gul opkegani😋
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