POSTKEYNESOVSKÁ INTERPRETÁCIA TRADIČNÉHO IS-LM MODELU

• Authors: Hošoff Boris

Title variants

EN

Post-Keynesian interpretation of the traditional IS-LM model

• Languages of publication: SK

Abstracts

EN

Neoclassical interpretation of Keynes' thoughts based on the IS-LM model are well known and widely accepted, mainly because of the rather simple and straightforward mathematical components describing the relations between the effective demand and the liquidity preference theory. Despite that, this interpretation suppressed Keynes's novelty and contribution to economic theory. Further development and expansion of the banking services created new platform for the post-keynesian monetary theory of the production, which is developed from the rigorous analysis of the banking money and production. Bernard Schmitt's contribution to further development of the Keynes theory is without doubt enriching of the modern economic thinking, which is important in the light of the rapid development of the banking systems during the last 25 years.

Keywords

EN

INVESTMENT; IS-LM MODEL; MONETARY THEORY; POST-KEYNESIAN THEORY; SAVING

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2006
• Volume: 54
• Issue: 6
• Pages: 572-583
• Document type: ARTICLE

Contributors

author

Hošoff Boris

• B. Hosoff, Ekonomický ústav SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

06SKAAAA01603507