Beyond the natural rate: Stephen Marglin on the instability of market economies (Record no. 525966)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01112nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240429b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Woodford, Michael |
| 245 ## - TITLE STATEMENT | |
| Title | Beyond the natural rate: Stephen Marglin on the instability of market economies |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Journal of Economic Literature |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 62(1). Mar, 2024: p.294-316 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In Raising Keynes: A Twenty-First Century General Theory, Stephen A. Marglin offers a provocative reformulation of Keynes' theoretical framework, stressing the importance of modeling the dynamics of wage and price adjustment. This review explains and assesses Marglin's argument for the possibility of a persistent equilibrium in which goods and/or labor markets continue not to clear in the absence of active stabilization policy. It also compares Marglin's analysis with that of New Keynesian models, and shows that the two approaches are more similar than might be immediately evident.- Reproduced https://www.aeaweb.org/articles?id=10.1257/jel.20221712 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Journal of Economic Literature |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | ECONOMICS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-04-29 | 62(1). Mar, 2024: p.294-316 | AR131759 | 2024-04-29 | Articles |