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How types of market differ, and why it matters
https://www.robinson.cam.ac.uk/postkeynesian/downloads/Joffe/MJ011111.pps3 Jan 2012: αA and αB represent the animal spirits of each firm. Arms race model II. ... e.g. Akerlof & Shiller: “Animal spirits”. these emotions may occur – but are they causal? – -
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https://www.robinson.cam.ac.uk/postkeynesian/downloads/Courvisanos/JC010311.pps5 Mar 2011: Kalecki Seminar. Robinson College, Cambridge. 1 March 2011. Human knowledge and human power meet in one; for where the cause is not known the effect cannot be produced. ... Knightian uncertainty - ‘potential surprises’. Keynesian uncertainty - -
Post Keynesian Macroeconomics
https://www.robinson.cam.ac.uk/postkeynesian/downloads/Jespersen/Jespersen%20260110.ppt26 Jan 2010: Post-Keynesian Macroeconomic methodology. Cambridge, 26. January 2010. Jesper Jespersen. Roskilde University. ... Households and firms don’t behave independently. They follow conventions. Or they act intuitively on new information (animal spirit).
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