Uncertain Futures: Imaginaries, Narratives, and Calculation in the Economy by Unknown

Author:Unknown
Language: eng
Format: mobi
Publisher: OUP Oxford
Published: 2018-07-11T16:00:00+00:00

1 This chapter is an amended and abridged version of the GLS Shackle Biennial Memorial Lecture given by Andrew Haldane on 10 November 2016. The original lecture is available online at: www.bankofengland.co.uk/publications/Pages/speeches/default.aspx . The views expressed are not necessarily those of the Bank of England or the Monetary Policy Committee.

2 ‘If you hit a rocking horse with a stick, the movement of the horse will be very different from that of the stick. The hits are the cause of the movement, but the system’s own equilibrium laws condition the form of movement’. Wicksell’s metaphor appears in a footnote to a review of Karl Petander’s ‘Goda och darliga tider’, published in Ekonomisk Tidskrift (Wicksell 1918 ).

3 Attributed to Robert Lucas in Sargent ( 2001 ).

4 Dilaver et al. ( 2016 ).

5 This is being developed by Steve Keen and Russell Standish; further details are available here: http://www.debtdeflation.com/blogs/minsky/ .

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