... of the Keynesian revolution: money and money wages in unemployment and production flow prices.’ Journal of Post Keynesian Economics 2 : 291 -307. Dow , S. C. 1985 . Macroeconomic thought: a methodological approach . Oxford. Garrison , R. W. 1985 . ‘Intertemporal coordination and the invisible...

... CCC 0018-2702/87/$1.50 Full employment and intertemporal coordination: a rejoinder Roger W. Garrison I. Introduction Writing from a post-Keynesian !perspective, Professor Jan Snippe has called into question the cogency and fruitfulness of my own Austrian...

... CCC 00 18-2702/85/$1.50 Intertemporal coordination and the invisible hand: an Austrian perspective on the Keynesian vision Roger W. Garrison I. Introduction This article offers a critical evaluation of Keynes’ General theory from an Austrian’ perspective...

... for general equilibrium to be present in Smith and yet, for his system to be an alternative to, rather than a precursor of, modern economics. I will show that coordination is crucial in both systems although the narratives that produce it are fundamentally different. I will argue that in the end...

... agenda by expanding the conventional equilibrium framework of the 1930s to include (potentially diverging) expectations but gradually abandoned price coordination as the sole source of order in an economy. Instead, he set out to formulate an institutional theory of socially embedded plan coordination...

.... laetitialenel@hu-berlin.de Copyright 2023 by Duke University Press 2023 narrative International Monetary Fund scenarios coordination In his book Narrative Economics: How Stories Go Viral and Drive Major Economic Events , Nobel Memorial Prize laureate Robert Shiller ( 2019 ) argues...

..., the key capacities of the human mind—such as its capacity to enable people to perceive the world around them and to form plans about how to act—are emergent properties of the structured array of neurons found in the human brain. Analogously, Hayek's analysis of the market portrays the coordinative powers...

... at bringing a system to a better state had to be invented. Braverman interpreted this analytic framework as a “qualitative system of control” of the Soviet economy representing a sort of a third-way solution between neoclassical models of spontaneous coordination of autonomous agents and theories of optimal...

... and philosophical coordinates of Carver's “new liberalism”—his own definition—and how this broad vision was intrinsically connected with an explicitly hierarchical and eugenic approach to human nature. Just as important, what follows is also an attempt to increase our general understanding of the extent in which...

...Marina Bianchi How to Learn Sociality: True and False Solutions to Mandeville’s Problem Marina Bianchi What do we know about cooperation? Or of the coordinating role of institutions, such as market, money, and competition? Mainstream economic theory has encouraged us to take...

.... O'Driscoll , Gerald P. 1977 . Economics as a coordination problem: the contributions of Friedrich A. Hayek . Kansas City. Russell , Bertrand 1931 . The scientific outlook . New York. Shackle , G. L. S. 1972 . Epistemics and economics: a critique of economic doctrines . Cambridge...

... stability” set forth by Charles Kindleberger, which maintains that “a single dominant country, acting as a ‘stabilizer’ by providing several mon- etary functions, is a necessary condition to explain stable exchange-rate regimes” (10); and the “coordination...

..., rather than getting on with their analysis, but they are wonderfully open and self-critical. Keynes, Coordination and Beyond: The Development of Macroeconomic and Monetary Theory since 1945. By Harry Garretsen. Aldershot: Edward Elgar, 1992. 228 pp. $59.95...

... Gleichgewichtsbegriff als Instrument der geldtheoretischen Analyse. In Hayek 1933. Myrdal , Gunnar 1939 . Monetary Equilibrium . London: William Hodge. O'Driscoll , Gerald P. 1977 . Economics as a Coordination Problem . Kansas City: Sheed Andrews & McNeel. Shackle , George L. S. 1939...

...) and because the French, who wanted a coordinated policy of reflation, were unable to make it worth the while of Britain and the United States to commit to such a policy (Eichen- green 1989b). In another sense, however, the conference may have marked a turning point. In the years immediately following...

... formalizations of such price adjustments, carried out by an auctioneer-like central institu- tion with information on aggregate excess demand. The auctioneer model is hardly convincing as an explanation of the majority of market pro- cesses in which no such central coordinator is present. By appealing...

... , Axel . 1968 . On Keynesian Economics and the Economics of Keynes. London: Oxford University Press. Leijonhufvud , Axel . [1969] 1981 . Keynes and the Classics. In Leijonhufvud 1981. Leijonhufvud , Axel . 1981 . Information and Coordination: Essays in Macroeconomic Theory. New York...

... in the future. Modus Operandi of the Council-Policy Coordination An effective presidenltial advisory relationship requires the ad- visers as well as the President to observe certain rules of behavior. The following formulation of these rules is cited from my book : Members of the Council...

... the capacity of interest rate swings to generate variations in output that often involved “forced saving.” The Austrians in particular had argued that the market mechanisms that existed in a monetary econ- omy were likely to fail in fully coordinating the choices of individual agents, notably with regard...

.... Dobbs Ferry, N.Y.: Free Market Books. von Mises , Ludwig . [1949] 1966 . Human Action . 3d ed. Chicago: Henry Regnery. O'Driscoll Jr. Gerald P. 1977 . Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek . Kansas City: Sheed, Andrews and McMeel. Selgin...