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Investment, Saving and Stagnation from a Keynesian Perspective
It can also be shown from a Keynesian perspectiveKeynesian perspective that planned investment and savingSaving are diverging in the twenty-first...
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Growth Theory of Digital Economics
In this chapter, we will discuss about the theory of economic growth, and study on thoughts of economic growth theory to analyze and derive the...
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Hirofumi Uzawa and Tsuneo Ishikawa: Institutionalism, Macroeconomic Analysis, and Social Common Capital
We consider Hirofumi Uzawa and Tsuneo Ishikawa, the world-renowned institutionalist post-Keynesian economists in Japan. After studying the...
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Yoshikazu Miyazaki and Mitsuharu Itoh: Research on Keynes and Contemporary Capitalism
We study about the intellectual heirs of Sugimoto and Tsuru, Yoshikazu Miyazaki and Mitsuharu Itoh, and their studied of Keynes’ The General Theory...
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Introduction: The Financial Crisis, the Covid-19 Pandemic and the Future of Economics
The introduction outlines the main issues discussed in individual chapters: the critique of the mainstream and orthodox economic approaches following...
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Matlab, Python, Julia: What to Choose in Economics?
We perform a comparison of Matlab, Python and Julia as programming languages to be used for implementing global nonlinear solution techniques. We...
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Why We Could Need a Relational Economics and Why Standard Economics and Its (Orthodox) Derivations Do not Help
The theoretical landscape of economic, management, and social sciences is already rather crowded to advance with light heart a further proposal....
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Introduction: Inheritance from Marx, Keynes, and Institutionalism
In the second half of the twentieth century, institutionalist post-Keynesian economists developed their theories in Japan, inheriting from Marx,...
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Challenges in Empirical Research in Economics: The Way Forward
This chapter compares randomized controlled trialsRandomized Controlled Trial (RCT) (RCTs) and natural experimentsNatural Experiments (NE) (NEs), the...
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Post-Keynesian institutionalism: past, present, and future
Post-Keynesian institutionalism (PKI) is a branch of institutional economics that draws on the common ground shared by many institutionalists and...
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The Contributions and Deficiencies of Keynesian Economics
John Maynard Keynes (1883–1946), born and raised in Cambridge, England, was highly proficient and competent in mathematics and economics. From 1902...
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Stability Analysis and Early Keynesian Systems
The 1936 Oxford meetingMeetings (of the Econometric Society)1936 - Oxford of the Econometric SocietyEconometric Society was a decisive step in the...
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On Celso Furtado and the French influences found in his development economics
This inquiry seeks to establish the importance of Celso Furtado’s exposure to sets of ideas espoused especially by François Perroux, Maurice Byé, and...
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On the linkage between government expenditure and output: empirics of the Keynesian view versus Wagner’s law
Using disaggregated data based on the classification of functions of government (COFOG), this study seeks to verify the Keynesian view versus...
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Islamic Political Capitalism and Economics of Predation
In this chapter, the Islamic political capitalism will be summed up as an economic system based on three fundamental institutions: (1) Velayat faqih...
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Learning and Convergence
This chapter explores the mutual learning and convergence between Islamic economics and conventional economics. It showcases how Islamic economics...
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Welfare (Well-Faring) Economics, Criteria for What Is Right and Wrong: My Take
Welfare economics is an ethic: a criterion for determining whether a behavior is right (morally) or wrong. It is a rare type of welfare...
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From the Revision of Keynes’ Model to Economics for Physicists and Ecologists
EconomistsEconomists study only money; physicists and ecologists study only real wealth. Thus never the two shall meet. This split in our metal...
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Heterogeneity in household consumption behavior: The role of inequality and financial instability
We analyze, using the micro data of the Household Financial Survey (HFS) of the Bank of Spain, the consumption consequences of the household balance...
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Original Sin or Wayward Practice? Living Standards as a Trickle-Down, Residual Consideration of Modern Economics
This chapter investigates whether modern economics’ shortcomings with respect to inclusion, sustainability and resilience—its treatment of living...