Price liberalization, monetary, and fiscal policies for transition economies : A Post Keynesian perspective
- Authors: Marangos, John
- Date: 2003
- Type: Text , Journal article
- Relation: Journal of Post Keynesian Economics Vol. 25, no. 3 (2003), p. 449-469
- Full Text: false
- Reviewed:
- Description: Post Keynesian economic analysis recommended a different reform program for transition economies than the orthodox model in the form of shock therapy implemented and imposed by the Washington consensus. In contrast to the dominant view, Post Keynesians recommended gradual price liberalization, which involved maintaining fixed prices and wages and subsidies, the establishment and maintenance of buffer stocks, government intervention to stimulate investment and incomes, and industry-incomes policies. With regard to monetary policy, Post Keynesians argued that a discretionary monetary policy was essential to reduce unemployment. With respect to fiscal policy, budget deficits were essential to maintain full employment.
- Description: C1
- Description: 2003000624
The effect of drought on uncertainty and agricultural investment in Australia
- Authors: Marangos, John , Williams, Catherine
- Date: 2005
- Type: Text , Journal article
- Relation: Journal of Post Keynesian Economics Vol. 27, no. 4 (2005), p. 575-594
- Full Text: false
- Reviewed:
- Description: Recognizing that uncertainty plays an important role in decision making, it necessarily follows that the effects of the current devastating drought have significantly influenced the operations of primary producers and strongly impacted upon agricultural investment in Australia. The lack of water is heavily affecting rural exports and employment opportunities, and consequently, primary producers are experiencing financial ruin. Global economic uncertainty combined with the long-running drought is gripping rural communities. Understanding the likely effect of climate change on Australia's agricultural production will enable suitable adaptation strategies and government policies to be implemented for the future sustainability and development of the agricultural industry. © 2005 M.E. Sharpe, Inc.
- Description: C1
Technological innovation : Galbraith, the Post Keynesians, and a heterodox future
- Authors: Courvisanos, Jerry
- Date: 2005
- Type: Text , Journal article
- Relation: Journal of Post Keynesian Economics Vol. 28, no. 1 (2005), p. 83-102
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- Reviewed:
- Description: Galbraith, in his work on The New Industrial State, provides the crucial institutional base from which to appreciate corporate technological innovation. This approach is modified by the work of other institutional writers in the context of changing industrial realities, including the rise of start-up entrepreneurs. Post Keynesians have developed a monopoly capitalist research agenda that implies certain important elements of human agency that institutionalists have left unstated. Finally, this paper sketches important elements of a future heterodox analytical framework on innovation that incorporates Galbraithian and Post Keynesian features for understanding corporate business strategy and public policy management. © 2005 M.E. Sharpe, Inc.
- Description: C1
- Description: 2003001304