Narratives are playing an increasingly important role in economics since their performative
character has been realised. Banks are not unaffected by this, as they face many future …

Why do policymakers and economists within a policymaking institution choose to throw
away a model and to develop an alternative one? Why do they choose to stick to an existing …

John Maynard Keynes (1883–1946), probably the best-known and most influential
economist of the twentieth century, grew up within the Cambridge (UK) economic tradition …

We address the issue of whether some financial instruments produced by financial
innovation, like the so-called shadow moneys, can be regarded as proper money. This is …

This paper analyses the main perceptions of capitalism and crises from a mainstream and
heterodox perspective. Broadly defined within the neoclassical structure, the mainstream …

Macroeconomic shocks affect loan defaults in the credit markets. The South African rand has
been volatile with low economic growth and high unemployment. The objective of this paper …

This article contributes to the study of the historical relationship between macroeconomics
and financial economics. We investigate the interactions, in the 1960s and 1970s, between …

This paper contributes to the literature on how finance works under financialization, focusing
more narrowly on the stock market. Stock market boom and bust cycles and sluggish …

Modern mainstream macroeconomics is characterised by its reliance on a general
equilibrium framework of Walrasian origins, which is crucially associated with perfect …

This thesis studies the 100% money proposal, such as it was formulated in the United States
in the 1930s by Henry Simons, Lauchlin Currie and Irving Fisher in particular. The essence …