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Erschienen in:
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2024 | OriginalPaper | Buchkapitel

13. Rethinking Economics, Constructing the Equitable Optimality Theory Part Two: Macroeconomics

verfasst von : Samir Alamad

Erschienen in: Beyond Profit

Verlag: Springer Nature Switzerland

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Abstract

Building upon the philosophical groundwork laid in the previous chapter, This Chapter explores the practical implementation of the Equitable Optimality economic theory. It addresses macroeconomic aspects within this framework, providing insights into its ethical and economic foundations. The chapter critically analyses the integration of ethics into macroeconomic considerations, showcasing how the philosophy of this proposed theory is embedded in its economic operating structure as a viable alternative.

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Vorheriges Kapitel Rethinking Economics, Constructing the Equitable Optimality Theory Part One: Philosophical Underpinning
Nächstes Kapitel Rethinking Economics, Constructing the Equitable Optimality Theory Part Three: Microeconomics
Fußnoten
1
Financial Lives January 2023: Consumer experience of the rising cost of living Financial Conduct Authority, 26 July 2023.
 
3
Economic and fiscal outlook – March 2023 Office for Budget Responsibility, 15 March 2023.
 
4
Monetary Policy Report - August 2023 Bank of England, 3 August 2023.
 
5
Monetary Policy Report - August 2023 Bank of England, 3 August 2023.
 
6
Monetary Policy Report - August 2023 Bank of England, 3 August 2023, available at: https://​www.​bankofengland.​co.​uk/​monetary-policy-report/​2023/​august-2023.
 
7
Palley (2012), pp. 391–410. doi:10.1080/09538259.2012.674390 This article discusses the post-Keynesian approach to understanding the real economy and its relevance in modern economic analysis. Gordon (2014). Retrieved from https://​www.​nber.​org/​papers/​w19895 This working paper explores the slowdown in U.S. economic growth and its implications for the real economy. Minsky (1982). M. E. Sharpe. In this book, economist Hyman Minsky discusses financial instability and its impact on the real economy. Stiglitz et al. (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress. Retrieved from https://​www.​insee.​fr/​en/​statistiques/​fichier/​2019951/​GDPBeyond2008.​pdf This report presents a comprehensive analysis of economic measurement and the need to go beyond GDP to better capture the well-being and performance of the real economy. Stockhammer (2017), pp. 1253–1274. doi:10.1093/cje/bew053 This article examines the impact of wage-led versus profit-led demand on the real economy, drawing insights from the works of Kalecki and Minsky.
 
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Metadaten
Titel
Rethinking Economics, Constructing the Equitable Optimality Theory Part Two: Macroeconomics
verfasst von
Samir Alamad
Copyright-Jahr
2024
Buch
Beyond Profit

Print ISBN: 978-3-031-49747-6

Electronic ISBN: 978-3-031-49748-3

Copyright-Jahr: 2024

DOI
https://doi.org/10.1007/978-3-031-49748-3_13

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