Abstract

http://ssrn.com/abstract=138646
 
 

Citations (1)



 


 



Government Deficits, Liquidity Preference, and Schumpeterian Innovation


L. Randall Wray


University of Missouri at Kansas City; Bard College - The Levy Economics Institute

October 1993

The Jerome Levy Economics Institute, Working Paper No. 99

Abstract:     
Wray asserts that rigorous analyses of the role played by innovation in economic development must acknowledge the contribution of Joseph Schumpeter. However, the author suggests that the current stagnation confronting most developed, capitalist economies "cannot be understood without synthesizing Schumpeter's insights with those of Kalecki and Keynes." Hence, Schumpeter's work alone is inadequate in explaining the links between government deficits in ensuring aggregate demand and corporate profits.

Number of Pages in PDF File: 37

JEL Classification: E62, O30

working papers series





Download This Paper

Date posted: November 18, 1998  

Suggested Citation

Wray, L. Randall, Government Deficits, Liquidity Preference, and Schumpeterian Innovation (October 1993). The Jerome Levy Economics Institute, Working Paper No. 99. Available at SSRN: http://ssrn.com/abstract=138646 or http://dx.doi.org/10.2139/ssrn.138646

Contact Information

L. Randall Wray (Contact Author)
University of Missouri at Kansas City ( email )
5100 Rockhill Road
Kansas City, MO 64110-2499
United States
Bard College - The Levy Economics Institute
Blithewood
Annandale-on-Hudson, NY 12504-5000
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,109
Downloads: 148
Download Rank: 120,196
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.266 seconds