Arbeitspapier

What Marx Means Today

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes’stheory of aggregate demand and Schumpeter’s theory of creative destruction. His law of thetendency of the rate of profit to fall parallels Alvin Hansen’s theory of secular stagnation whichhas recently received much attention among scholars studying the financial crises in Japan, theUS and the Eurozone. This article argues that part of the new stagnation does not result from anatural exhaustion of investment possibilities, but from an overly loose central bank monetarypolicy that keeps zombie banks and their zombie clients alive and blocks the emergence of newstart-up firms.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 6463

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Sinn, Hans-Werner
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2017

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Sinn, Hans-Werner
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2017

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