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Costas Simitis

, George Papandreou and Antonis Samaras, took place a little before an upcoming European summit. However, rather than promoting reconciliation, the talks aggravated the rift between the two. The Prime Minister proposed to Samaras that they go to Brussels together, a first step in a broader convergence; however, Samaras was offended by the absence of a formal role for himself. The leader of the opposition refused, because the government had not made him aware of the pending negotiations and national objectives had not been drawn up. These talks were political gamesmanship

in The European debt crisis
Bill Dunn

“Classics”’, would have it, here the attempted reconciliation with the mainstream is overt and Keynes’s criticisms become a special case of the system he was criticising. Second, the chapter looks at market imperfections, considering alternative New Keynesian and ‘post-Keynesian’ accounts, with briefer notes on money and financial instability. Despite declarations of mutual hostility, the relatively moderate New Keynesians and the putatively more radical post-Keynesians have much in common. As Shaikh ( 2016 ) has argued, the emphasis for both remains on imperfections

in Keynes and Marx
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Towards a critical but constructive appraisal of Keynes’s thought
Bill Dunn

‘neo-classical Keynesian synthesis’ explicitly advocates reconciliation. It accepts Keynes’s identification of the importance of economic aggregates and takes this to say that there is a specific ‘macroeconomic’ realm, within which government and government intervention matters but which can be studied as a thing apart. Governments have tools with which to manipulate interest rates and make trade-offs between unemployment and inflation, but such a Keynesianism loses any sense of a broader critique. Amongst other things, ‘macroeconomics’ allowed the reconstitution of

in Keynes and Marx
Bill Dunn

government accounts (Skidelsky 1992 ). As mentioned in Chapter 1 , however, wartime conditions meant that the sort of policies which have come to be associated with Keynesianism were no longer needed and Keynes himself no longer advocated them. Even before the war, Keynes had stressed that in the changed conditions of rearmament, policy should change accordingly. During the war his views became firmly anti-inflationary, and more radical friends discerned regress and reconciliation with the establishment (Clarke, S. 1988 , Skidelsky 2000 ). Keynes remained a Liberal

in Keynes and Marx
Benjamin Franklin, Samuel Smiles and Victorian moralism
Alison Hulme

as a ‘convenient example of mid-​Victorian individualism and middle-​class values’, his work, especially Self-​Help, shows how Smiles, and others at the time, felt that political and personal reform were not mutually exclusive (1977:161). For Travers, this same reconciliation between personal moral reform and political reform can be seen in the lives of Chartists such as Lowery, Vincent, O’Neill and Lovett (1977:164). For Travers the explanation for this is to be found in the combination of Smiles’ early Scottish background and Calvinist training, with its emphasis

in A brief history of thrift
Don Slater

concerns the use of informed reason to manage an object world. It is hardly surprising that an issue which has fatally dogged Western philosophy – the separation and then attempted reconciliation of subjects and objects – is not going to be resolved by economists. They instead veer between two unsatisfactory alternatives both of which bracket processes of materialisation. Firstly, naturalisation – needs and goods are effectively treated as natural, rational, given or taken-for-granted; assumed needs are associated with the assumed properties of things. Secondly

in Market relations and the competitive process
Mike Buckle and John Thompson

the resulting increase in income raising the demand for money. A possible reconciliation is that the liquidity preference theory applies mainly to the short run, where for example factors in the money market are predominant, whereas the loanable funds theory is more relevant to the long run, where agents have sufficient time to adjust their expenditure and financing plans

in The UK financial system (fifth edition)
Oonagh McDonald

, the new Chief Financial Officer replacing Erin Callan, would describe the valuation process. Lowitt summarized their asset valuation and controls, describing the work of the ‘independent’ Product Control Group (PCG) of approximately 500 finance professionals dedicated to the production, analysis and reconciliation of daily profit and loss results. With that group was a smaller unit of about 100 staff globally who verified pricing by reviewing recent sales activity for that or similar assets, making comparison with prices provided by external data providers, broker

in Lehman Brothers
John Wilson

, creating a conundrum the reconciliation of which would determine the firm’s future. FERRANTI BY THE MID-1980S 15 1.2 The mid-1980s business environment and Ferranti response Before expanding further on this conundrum, it is first of all necessary to provide the context in which the company operated. Of particular importance in the 1980s was a robust economic recovery from the dire problems of the 1970s and early 1980s. Although unemployment remained a major socioeconomic feature of this era, having risen to just over 11% of the active workforce between 1982 and 1986

in Ferranti: A History
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of Apartheid in South Africa in 1994 the new democratic government set up a Truth and Reconciliation Commission. It made the recommendation of a one-time 1 per cent corporate tax to raise money for the victims of Apartheid, what it called ‘a solidarity tax’, but this was rejected by the ruling African National Congress (ANC) party for fear of sending an anti-business message

in Reclaiming economics for future generations