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Recall that the start of the Quantity theory's mechanism is a helicopter drop of cash: an exogenous increase in the supply of money. Wicksell's theory claims, indeed, that increases in the supply of money leads to rises in price levels, but the original increase is endogenous, created by the relative conditions of the financial and real sectors.
Financial repression "played an important role in reducing debt-to-GDP ratios after World War II" by keeping real interest rates for government debt below 1% for two-thirds of the time between 1945 and 1980, the United States was able to "inflate away" the large debt (122% of GDP) left over from the Great Depression and World War II. [2]
[1] [2] In particular, he researched international trade and finance, economic development, monetary theory and policy; money and banking. [3] McKinnon is best known for developing the theory of "Financial repression" in 1973, working alongside his colleague Edward Shaw. [1] [4] [5]
Debt deflation is a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people to default on their consumer loans and mortgages. Bank assets fall because of the defaults and because the value of their collateral falls, leading to a surge in bank insolvencies, a reduction ...
Freud considered that there was "reason to assume that there is a primal repression, a first phase of repression, which consists in the psychical (ideational) representative of the instinct being denied entrance into the conscious", as well as a second stage of repression, repression proper (an "after-pressure"), which affects mental derivatives of the repressed representative.
Bose's doctoral thesis, Concept of Repression (1921) blended Hindu thought with Freudian concepts. He sent the thesis to Freud, [3] which led to a correspondence between the two men and to the formation of the Indian Psychoanalytic Society in 1922 in Calcutta. Of the fifteen original members, nine were college teachers of psychology or ...
In the first definitive book on defence mechanisms, The Ego and the Mechanisms of Defence (1936), [7] Anna Freud enumerated the ten defence mechanisms that appear in the works of her father, Sigmund Freud: repression, regression, reaction formation, isolation, undoing, projection, introjection, turning against one's own person, reversal into the opposite, and sublimation or displacement.
In psychoanalysis, resistance is the individual's efforts to prevent repressed drives, feelings or thoughts from being integrated into conscious awareness. [1]Sigmund Freud, the founder of psychoanalytic theory, developed the concept of resistance as he worked with patients who suddenly developed uncooperative behaviors during the analytic session.