PPT-Post Keynesian Economics & Modeling the Crash

Steve Keen Kingston University London IDEAeconomics Minsky Open Source System Dynamics wwwdebtdeflationcomblogs What is Post Keynesian Economics According to Diane Coyle one of the authors of the . University of Texas at Austin. Chandra R. . Bhat. Introduction: . Choice Modeling. A set of tools to predict the choice behavior of a group of decision-makers in a specific choice context.. Picture Reference: Future and Simple-Choice Modeling (by Steve Cook and Michael McGee). Neoclassical . Economics. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. What is Heterodox Economics?. According to . Diane . Coyle. Malcolm Sawyer. University of Leeds. Introduction. Heterodox macroeconomics includes what may be termed Post-Keynesian and . Kaleckian. macroeconomics . Reading:. M. Sawyer, ‘. T. he central core of heterodox macroeconomics. Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. Post-Autistic Economics Review, This version was published in: Economics in the Shadows of Darwin and Marx: Essays on Institutional and Evolutionary Edward Elgar, Cheltenham, 2006, ch. 7. Introduction Post Keynesian Economics and Political Economy, Kingston . 2015. Engelbert. . Stockhammer. Kingston University. Outline. Foundations. Fundamental uncertainty. Social conflict. Effective demand. Anand S. Rao. September 23. rd. , 2008. For more information contact:. Anand S. Rao. Partner. Anand.Rao@diamondconsultants.com. Mobile: 617.633.8354. Agenda. What is Behavioral Economics (BE)?. What is the relevance of BE in Health/Wealth Decisions?. Review AD articles. Introduction to two schools of economics. - Introduction to IAs – Week of 23 March. Are you a monetarist or a Keynesian?. Workpoint. . 14.6 (p. 179. ) - AD. 2. Explain why “Germany’s high-end capital goods are especially sought-after in booming emerging countries.”. and the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. Engelbert. Stockhammer. Kingston University. Outline. Foundations. Fundamental uncertainty. Social conflict. Effective demand. Macroeconomics. Investment . →. savings. Involuntary unemployment. Credit . Monetarists vs. Keynes. Friedman and the Monetarist View. We can imagine a “market” for money…. --money demand depends on income (mostly) and on interest rates (slightly). --money supply affects spending directly:. Macroeconomics. David Colander. Middlebury College. 1. “Today, if you ask a mainstream economist a question about almost any aspect of economic life, the response will be: suppose we model that situation and see what happens.” (Solow, 1997, 90). flourishing. Dr. John Barry. j.barry@qub.ac.uk. Background. Imagining an economics...and life... beyond orthodox growth. “. questioning growth is deemed to be the act of lunatics, idealists and revolutionaries. Summary of Research Findings. September 30, 2022. 2. Presentation Outline. 3. Project Objectives (From RFP). Distinctive Feature of New Methodologies. 4. 5. Method 1 Negative Binomial - Ordered . Probit.