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== <span style="color: #FFFFFF;">Remembering</span> == * '''Post-Keynesian Economics''' β A school of economic thought that emphasizes the importance of uncertainty, time, and the role of the financial system. * '''Fundamental Uncertainty''' β The idea that the future is "Un-calculable" (not just "Risky"), making human "Expectations" the main driver of the economy. * '''The Minsky Moment''' β The sudden "Crash" that happens after a long period of "Good times" when everyone has borrowed too much money. * '''Endogenous Money''' β The belief that "Banks create money" whenever they make a loan, rather than just "Lending out" the money they have in the vault. * '''Effective Demand''' β The idea that the economy is limited by "How much people can actually buy," not by "How much we can produce." * '''Joan Robinson''' β The brilliant female economist who was a student of Keynes and a leader of the Post-Keynesian school. * '''Hyman Minsky''' β The economist who showed that "Stability is unstable"βthe better things are, the more people take risks, which leads to a crash. * '''Markup Pricing''' β The belief that companies don't "Let the market set prices," but instead "Set their own prices" based on their costs and their power. * '''Path Dependency''' β The idea that "History matters"βthe choices we made 50 years ago determine the options we have today. * '''Involuntary Unemployment''' β When people want to work for the current wage but "There are no jobs," proving the market has failed. </div> <div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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