New Paradigms in Financial Economics: How Would Keynes by Kazem Falahati

By Kazem Falahati

The fresh worldwide monetary hindrance has made the inadequacies of the clinical nation of economics and finance obviously seen, as those disciplines gave the fake reassurance that this kind of self-destructive phenomenon couldn't ensue. an analogous phenomenon arose within the 1930’s, whilst the pitfalls of the dominant fiscal theories have been sharply uncovered. considering that then, a similar analytical framework, in its new types, has published an incredible variety of different empirical and experimental disasters.

On the opposite hand, the founders of the at the moment dominant theories in economics and finance (i.e. the usual paradigm) equivalent to Walras (1834-1910), Modigliani (1918-2003) and Miller (1923-2000) have pointed out mathematical contradictions inside their very own foundational types, the foundation reason for which not anyone has but stumbled on. the traditional paradigm has hence misplaced the cause of its life within the mild of expertise, experiments and logical rigour. This publication identifies the heuristic reason for those exterior and inner contradictions of the normal paradigm and treatments those difficulties through delivering a new paradigm which may clarify and are expecting saw fiscal behaviour, and unravel the extant behavioural, empirical and experimental puzzles.

The new paradigm deals a dramatically superior figuring out of monetary behaviour on the micro in addition to macro point of the economic climate inside of an over-arching framework comprising the genuine and the monetary sectors. It does so in a rigorous yet simple and clear method, utilizing an axiomatic technique. It additionally deals coverage tips on how the financial system might be controlled to prevent critical swings. It hence is of serious curiosity to students and practitioners in economics and finance.

Show description

Read or Download New Paradigms in Financial Economics: How Would Keynes Reconstruct Economics? (Routledge International Studies in Money and Banking) PDF

Similar banks & banking books

Investment Banking Focus Notes (Wiley Finance)

Funding Banking concentration NOTES offers a finished, but streamlined, evaluation of the fundamental abilities and ideas mentioned in funding Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, moment version. the focal point notes are designed to be used either as a better half to the booklet, in addition to on a standalone foundation.

Automatisierte Handelssysteme. Die Elektrifizierung des Wertpapierhandels und deren Risiken (German Edition)

Bachelorarbeit aus dem Jahr 2010 im Fachbereich BWL - financial institution, Börse, Versicherung, observe: 1,3, Universität Bayreuth, Sprache: Deutsch, summary: Während Handelsparkette und Telefonnetzwerke immer mehr an Bedeutung verlieren, finden Transaktionen zunehmend auf elektronischen Handelsplattformen der Börsen und Alternativen Handelssystemen statt.

Wie Sparkassen treue Kunden abzocken und wie Sie sich erfolgreich dagegen zur Wehr setzen (German Edition)

Millionen Sparkassenkunden zahlen jedes Jahr zu hohe Zinsen und bekommen quick nichts für ihr Erspartes. Sie fühlen sich bei Beratungsgesprächen über den Tisch gezogen und zahlen horrende Gebühren für Kleinigkeiten. Der Schaden für die Kunden liegt nach Expertenmeinungen bei mehreren Milliarden Euro im Jahr.

Towards Reforming the Legal Framework for Secured Transactions in Nigeria: Perspectives from the United States and Canada

This e-book bargains a precious consultant to at least one of the main tough components of business legislation, now usually often called secured transactions, with a spotlight on Nigerian, Canadian and usa views. A debtor’s skill to supply collateral impacts not just the price of the money borrowed, but additionally in lots of situations, no matter if secured creditors are prepared to supply credits in any respect.

Extra info for New Paradigms in Financial Economics: How Would Keynes Reconstruct Economics? (Routledge International Studies in Money and Banking)

Example text

Download PDF sample

Rated 4.10 of 5 – based on 24 votes