by Summary:
Nobel Laureate Edward Prescott claimed in 1999 that capitalism is inherently stable, and “absent some change in technology or the rules of the economic game, the economy converges to a constant growth path with the standard of living doubling every 40 years”. 30 years earlier, the maverick economist Hyman Minsky made the opposing claim that ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Nobel Laureate Edward Prescott claimed in 1999 that capitalism is inherently stable, and “absent some change in technology or the rules of the economic game, the economy converges to a constant growth path with the standard of living doubling every 40 years”. 30 years earlier, the maverick economist Hyman Minsky made the opposing claim that ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
|