Amid Mutual Incomprehension : Kalecki and Cambridge
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منابع مشابه
Deterministic, uncertainty and stochastic models of Kaldor- Kalecki model of business cycles
This paper presents the Kaldor-Kalecki nonlinear business cycle model of the income. It will take into consideration the investment demand in the form suggested by Rodano. We will analyze the deterministic, uncertainty and stochastic Kaldor-Kalecki models. The dynamics of the mean values and the square mean values of the model’s variables are set. Numerical examples are given in the end, to ill...
متن کاملAnticipatory Kaldor - Kalecki Model of Business Cycle
This paper extends the Kaldor-Kalecki model of business cycle with retardation to include anticipatory capabilities. There is a time shift between a decision of investment and its actual installation. The results, presented in this paper, deal with the inclusion of an anticipated capital stock in the Kaldor-Kalecki model. A third equation is added to the classical two equations of Kaldor-Kaleck...
متن کاملFrom Market 'imperfections' to Market 'failures'. Some Cambridge Challenges to Laissez-faire
This paper looks at the fundamental objections to laissez-faire and reliance on market mechanisms which were developed by Cambridge economists in the interwar period the theory of imperfect competition and the theory of effective demand. Both shared mistrust in market mechanisms, both were framed in the Marshallian partial equilibrium analysis, but they drew their inspiration from different sou...
متن کاملHopf Bifurcation for the Discrete – Delay Kaldor-kalecki Model
The present work will focus on a Kaldor-Kalecki non –linear business cycle model in income and capital, with discrete time and delay argument characteristics. What it will state, considering an investment function similar to the one proposed by Rodano and using the linear approximation analysis, are the local stability property and local bifurcations conditions, given the parameter space. Numer...
متن کاملEditorial, Volume 7, Issue 2
According to Patrick Colm Hogan, in the US academic context, few people in literary theory or comparative literature have much familiarity with non-Western literary theories, and fewer still have research expertise in the field. While working on a project in non-Western literary theory, he was surprised to find that many of his friends and colleagues found it difficult to understand what non-We...
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تاریخ انتشار 2012