IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/13978_9.html
   My bibliography  Save this book chapter

A Heterodox Microfoundation of Business Cycles

In: Heterodox Analysis of Financial Crisis and Reform

Author

Listed:
  • Tae-Hee Jo

Abstract

Though the worst of the financial crisis of 2008 has, with hope, ebbed, it has forever changed the economy in the United States and throughout the rest of the world. Using the financial and economic crisis as a catalyst, this volume examines how to better regulate the financial system and what to expect in the future if no steps are made toward reform. This book lays the foundation for those steps by providing concrete ideas that will push policy in the direction of jobs growth and widespread prosperity.

Suggested Citation

  • Tae-Hee Jo, 2011. "A Heterodox Microfoundation of Business Cycles," Chapters, in: Joëlle Leclaire & Tae-Hee Jo & Jane Knodell (ed.), Heterodox Analysis of Financial Crisis and Reform, chapter 9, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13978_9
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781849801560.00020.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Diamond, Arthur M., 2009. "Schumpeter Vs. Keynes: “In The Long Run Not All Of Us Are Dead”," Journal of the History of Economic Thought, Cambridge University Press, vol. 31(4), pages 531-541, December.
    2. John Henry, 2007. "“Bad” Decisions, Poverty, and Economic Theory: The Individualist and Social Perspectives in Light of “The American Myth”," Forum for Social Economics, Springer;The Association for Social Economics, vol. 36(1), pages 17-27, April.
    3. Veblen, Thorstein, 1921. "The Engineers and the Price System," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1921.
    4. Caeldries, Filip, 1993. "On the sustainability of the capitalist order: Schumpeter's capitalism, socialism and democracyrevisited," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 22(3), pages 163-185.
    5. L. Randall Wray, 2009. "The rise and fall of money manager capitalism: a Minskian approach," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 807-828, July.
    6. Domenico Delli Gatti & Mauro Gallegati, 1997. "At the Root of the Financial Instability Hypothesis: “Induced Investment and Business Cycles”," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(2), pages 527-534, June.
    7. Jan Toporowski, 2006. "Methodology and Microeconomics in the Early Work of Hyman P. Minsky," Economics Working Paper Archive wp_480, Levy Economics Institute.
    8. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    9. Roncaglia,Alessandro, 2006. "The Wealth of Ideas," Cambridge Books, Cambridge University Press, number 9780521691871, January.
    10. Hyman P. Minsky, 2004. "Induced Investment and Business Cycles," Books, Edward Elgar Publishing, number 2947 edited by Dimitri B. Papadimitriou.
    11. Stephen P. Dunn, 2002. "A Post Keynsian approach to the theory of the firm," Chapters, in: Shelia C. Dow (ed.), Keynes, Uncertainty and the Global Economy, chapter 5, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tae-Hee Jo, 2015. "Financing Investment under Fundamental Uncertainty and Instability: A Heterodox Microeconomic View," Bulletin of Political Economy, Bulletin of Political Economy, vol. 9(1), pages 33-54, June.
    2. Jo, Tae-Hee, 2011. "Heterodox Critiques of Corporate Social Responsibility," MPRA Paper 35367, University Library of Munich, Germany.
    3. Tae-Hee Jo, 2013. "Saving Private Business Enterprises," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(2), pages 447-467, April.
    4. Hugh Whittaker, 2017. "Premature financialization: a conceptual exploration," Working Papers halshs-01680406, HAL.
    5. Tae-Hee Jo & John F. Henry, 2015. "The Business Enterprise in the Age of Money Manager Capitalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 49(1), pages 23-46, January.
    6. Jo, Tae-Hee & Henry, John F., 2013. "Take the Money and Run: The Business Enterprise in the Age of Money Manager Capitalism," MPRA Paper 48782, University Library of Munich, Germany.
    7. Davanzati, Guglielmo Forges, 2018. "Structural change driven by institutions: Thorstein veblen revised," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 105-110.
    8. Ítalo Pedrosa & Dany Lang, 2018. "Heterogeneity, distribution and financial fragility of non-financial firms: an agent-based stock-flow consistent (AB-SFC) model," Working Papers hal-01937186, HAL.
    9. James V. Cornehls, 2004. "Veblen’s Theory of Finance Capitalism and Contemporary Corporate America," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(1), pages 29-58, March.
    10. Clare Virginia Eby, 1998. "Veblen’s Assault on Time," Journal of Economic Issues, Taylor & Francis Journals, vol. 32(3), pages 689-707, September.
    11. Vladislav Valentinov, 2023. "Stakeholder Theory: Toward a Classical Institutional Economics Perspective," Journal of Business Ethics, Springer, vol. 188(1), pages 75-88, November.
    12. Tae-Hee Jo, 2019. "The Institutionalist Theory of the Business Enterprise: Past, Present, and Future," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(3), pages 597-611, July.
    13. Theofanis Papageorgiou & Ioannis Katselidis & Panayotis G. Michaelides, 2013. "Schumpeter, Commons, and Veblen on Institutions," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1232-1254, November.
    14. repec:hal:cepnwp:hal-01937186 is not listed on IDEAS
    15. Tae-Hee Jo, 2016. "What If There Are No Conventional Price Mechanisms?," Journal of Economic Issues, Taylor & Francis Journals, vol. 50(2), pages 327-344, April.
    16. Guglielmo Forges Davanzati, 2016. "Thorstein Veblen on the nature of the firm and income distribution," Working Papers PKWP1618, Post Keynesian Economics Society (PKES).
    17. Terutomo Ozawa, 2004. "Veblen’s Theories of “Latecomer Advantage” and “The Machine Process”: Relevancy for Flexible Production," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(2), pages 379-388, June.
    18. Piacentini, P.M., 2021. "Minsky after Kalecki: real profits and financial structure," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 416-426.
    19. John E. Elliott, 1978. "Institutionalism as an Approach to Political Economy," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(1), pages 91-114, March.
    20. Ian Hudson, 2002. "Sabotage versus Public Choice: Sports as a Case Study for Interest Group Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 36(4), pages 1079-1096, December.
    21. Suzanne J. Konzelmann & Victoria Chick & Marc Fovargue-Davies, 2020. "Shareholder Value or Public Purpose? From John Maynard Keynes and Adolf Berle to the Modern Debate," Working Papers wp520, Centre for Business Research, University of Cambridge.

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:13978_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.