Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique," and that it is misleading …'s approach to the extreme and neglects the possibility of slowly changing structures, as conceived by Marshall. The position is …

Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique", and that it is misleading …'s approach to the extreme and neglects the possibility of slowly changing structures, as conceived by Marshall. The position is …

Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … supply. Keynes starts with the Marshallian equilibrium notion. The main innovation of Keynes--a conception of macroeconomic …

temporal evolution of its parameters. This alternative view reinstates the notion which Marshall and Walras sought to extirpate …

aggregierten Analyse zum Gegenstand. Die Überlegungen bauen auf den Schriften von Alfred Marshall (1842-1924) und John Maynard … Keynes (1883-1946) auf. …

Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique," and that it is misleading …'s approach to the extreme and neglects the possibility of slowly changing structures, as conceived by Marshall. The position is …

factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first … implicit in Keynes' writings but has been neglected more recently. It is argued that macroeconomic models are more stable and …

Alfred Marshall’s methodological essay, “The Present Position of Economics” (1885). The radicalapproach identifies the … world. Marshall’s methodology places the relationship between theory and empiricaltools on center stage. In North America …