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Joseph Huber in 2011. Joseph Huber (born 4 November 1948 in Mannheim) is a retired German professor of sociology.From 1992 to 2012, he was the chair of economic and environmental sociology at Martin Luther University of Halle-Wittenberg, Germany.
The theory of a credit channel has been postulated as an explanation for a number of puzzling features of certain macroeconomic responses to monetary policy shocks, which the interest rate channel cannot fully explain. For example, Bernanke and Gertler (1995) [2] describe 3 puzzles in the data:
Monetary policy is the outcome of a complex interaction between monetary institutions, central banker preferences and policy rules, and hence human decision-making plays an important role. [100] It is more and more recognized that the standard rational approach does not provide an optimal foundation for monetary policy actions.
Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a ...
Since monetary possessions no longer ties the owner to a specific type of work, money leads to increased freedom. Consequently, monetary ownership enables the position of a purely intellectual worker and, by the same line of reasoning, it also implies that a wealthy man can lead a modest life.
The Friedman rule is a monetary policy rule proposed by Milton Friedman. [1] Friedman advocated monetary policy that would result in the nominal interest rate being at or very near zero. His rationale was that the opportunity cost of holding money faced by private agents should equal the social cost of creating additional fiat money .
A sociological theory is a supposition that intends to consider, analyze, and/or explain objects of social reality from a sociological perspective, [1]: 14 drawing connections between individual concepts in order to organize and substantiate sociological knowledge.
The first chapter of The General Theory (only half a page long) has a similarly radical tone: I have called this book the General Theory of Employment, Interest and Money, placing the emphasis on the prefix general. The object of such a title is to contrast the character of my arguments and conclusions with those of the classical theory of the ...