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Economics x General Aggregative Models x General Economics x clear all

The hypostasis of money: an economic point of view

Jean Cartelier.

in Cambridge Journal of Economics

March 2007; p ublished online July 2006 .

Journal Article. Subjects: Comparative Economic Systems; General Economics; General Aggregative Models; Money and Interest Rates. 9863 words.

The purpose of this article is to show that money is not an entity but hic et nunc a genuine mode of circulation associated with a genuine social organisation. Criticising money hypostasis...

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Time to reject the privileging of economic theory over empirical evidence? A reply to Lawson

Katarina Juselius.

in Cambridge Journal of Economics

March 2011; p ublished online August 2010 .

Journal Article. Subjects: General Aggregative Models; General Economics; Economic Methodology; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Multiple or Simultaneous Equation Models; Multiple Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Econometric Modelling. 6903 words.

The present financial and economic crisis has revealed a systemic failure of academic economics and emphasised the need to re-think how to model economic phenomena. Tony Lawson seems...

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Where modern macroeconomics went wrong

Joseph E Stiglitz.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: General Economics; Economic Education and Teaching of Economics; Macroeconomics and Monetary Economics; General Aggregative Models. 20055 words.

Abstract

This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century. It argues that at the...

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