nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2023‒04‒10
four papers chosen by
Karl Petrick
Western New England University

  1. Mr.Keynes and the... Complexity! A suggested agent-based version of the General Theory of Employment, Interest and Money By Alessio Emanuele Biondo
  2. Conventions: Meanings and Applications of a Core Concept in Economics and Sociology of Conventions By Rainer Diaz-Bone; Guillemette de Larquier
  3. Families of Grounded Theory: A Theoretical Structure for Novel Researchers By Mohajan, Devajit; Mohajan, Haradhan
  4. The impact of school closures on educational inequality By Jo Blanden; Matthias Doepke; Jan Stuhler

  1. By: Alessio Emanuele Biondo
    Abstract: This paper presents an agent-based model with the aim to follow, as closely as possible, the rationale of the macroeconomic model advanced by J.M. Keynes in his famous book entitled The General Theory of Unemployment, Interest and Money. Since the task is admittedly ambitious, it has been divided over more than one single paper. In the present one, the modelling choices are described and the main objective of the General Theory will be provided, i.e., to determine the level of income and employment starting from the interest rate, the marginal efficiency of capital, and the marginal propensity to consume. In the forthcoming companion paper, results from a more articulated set of simulations - referred to some exercises of monetary and fiscal policy - will be reported. The description of the elements of the model is provided with several supporting parts of the original text.
    Date: 2023–03
  2. By: Rainer Diaz-Bone; Guillemette de Larquier (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique)
    Abstract: The notion of convention is a core notion of the interdisciplinary and in-ternational movement of economics and sociology of conventions (in short EC/SC). This chapter presents developments, models and different notions of the name giving concept of "convention". EC/SC can be conceived as a complex pragmatist institutionalism, which explains coordination, evaluation and interpretation in situations by referring to conventions. This way, conventions can be regarded as institutional logics for the valuation or valorization of goods, actions and persons. An early application of EC/SC has been the sociology of quantification and categorization, where conventions are analyzed as the basis for measurement. EC/SC has built up its perspective on conventions on two foregoing notions, which were introduced by Keynes and Lewis. EC/SC assumes that real situations are governed by a plurality of co-existing conventions. Therefore, a set of models have been worked out, which systematize conventions as logics of evaluation, valuation and interpretation. This chapter presents how EC/SC approaches the stability and dynamics of conventions and concludes by pointing to EC/SC as a contemporary reconciliation of pragmatism and structuralism.
    Keywords: Conventions, Coordination, Evaluation and interpretation, Orders of justification, Worlds of production, Measurement conventions, Institutions
    Date: 2022–01–01
  3. By: Mohajan, Devajit; Mohajan, Haradhan
    Abstract: This paper tries to discuss families of grounded theory. Grounded theory is a systematic research analysis that deals with qualitative research area. It is based on the effort to collect field data; follow the development and refinement through the systematic data analysis, and the final result can test existing theories or develop a new theory. Therefore, it constructs hypotheses and theories by the continuous collection and analysis of data. It is established for the first time in 1967 by two American sociologists Barney Galland Glaser and Anselm Leonard Strauss. Since the starting, it has taken on different iterations, and evolved a number of variants, such as classic grounded theory, Straussian grounded theory, constructivist grounded theory, and feminist grounded theory. New grounded theory researchers face difficulties to understand how to operate and apply families of grounded theory concepts and methods properly. This study has planned to provide an overview of families of grounded theory with the proper explanation for them. In this study an attempt has been taken to provide an up-to-date research framework of a grounded theory and its variants.
    Keywords: Grounded theory, qualitative research, Glaser, Strauss, variants of grounded theory
    JEL: A14 B54 D6 I31
    Date: 2023–01–18
  4. By: Jo Blanden; Matthias Doepke; Jan Stuhler
    Abstract: Nearly all schools closed at some point during the Covid-19 pandemic. Reviewing the international evidence to date on the impact of these closures, Jo Blanden, Matthias Doepke and Jan Stuhler warn that they will substantially increase educational inequality.
    Keywords: educational inequality, education finance, children
    Date: 2022–10–20

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