Sheila C. Dow (University of Stirling) gives a talk here on economic theory, and more particularly on the financial sector and the need for reform of financial markets and institutions.
Showing posts with label financial sector. Show all posts
Showing posts with label financial sector. Show all posts
Monday, March 5, 2012
Friday, October 7, 2011
Axel Leijonhufvud on the Reform of the Financial Sector
A nice talk by the coordination Keynesian/Post Walrasian Axel Leijonhufvud on the financial crisis, and reforms that should be implemented on the financial sector.
There is a nice convergence between heterodox economists, such as Post Walrasians (like Leijonhufvud), those in the tradition of Old American Institutionalism (like James Galbraith), Post Keynesians (like Steve Keen), and other independent heterodox thinkers like Richard Koo, in diagnosing the cause of the financial crisis and current malaise: common to all analysis is debt deflation theory and Hyman Minsky’s financial instability hypothesis. Even some New Keynesians like Paul Krugman are catching on.
There is a nice convergence between heterodox economists, such as Post Walrasians (like Leijonhufvud), those in the tradition of Old American Institutionalism (like James Galbraith), Post Keynesians (like Steve Keen), and other independent heterodox thinkers like Richard Koo, in diagnosing the cause of the financial crisis and current malaise: common to all analysis is debt deflation theory and Hyman Minsky’s financial instability hypothesis. Even some New Keynesians like Paul Krugman are catching on.
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