background of a distinction between Keynesianism as a ‘moderately conservative’ (Keynes’s words) vision about the working of the …

This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and … on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory …

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 …

This paper shows that Keynes's involuntary unemployment derived from Walras's voluntary unemployment by means of … supply function is a strongly increasing function, as in Walras's approach, there might be only voluntary unemployment, and … and an equilibrium point. According to Walras's approach also might be considered "forced unemployment' which is the …

Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian …

This paper provides an analysis of Keynes's original Bancor proposal as well as more recent proposals for fixed …

contrasts with John Maynard Keynes's long-run policy propositions. More important, it is doomed to be ineffective if the degree … of tolerance of fiscal deficits is too low for full employment. Keynes's view that outside the gold standard fiscal …