I examine John Maynard Keynes’ struggle with the doctrine of the classical forced saving during the period 1924-1936 from when he worked on A Treatise on Money to the completion of his General Theory. The forced saving notion has been developed as a key mechanism of how monetary expansion...

Frank P. Ramsey (b. 1903 – d. 1930) was a Cambridge mathematician who interacted closely to leading economists of his time such as Arthur Cecil Pigou, John Maynard Keynes and Roy Harrod. In the 1920s he was considered by many as a brilliant student who was clearly integrated to the elite group...

En este trabajo el autor se lamenta de la importancia cada vez menor que se otorga a la historia del pensamiento económico en la comunidad académica mundial, defiende que esta recesión está dando lugar a visiones unidimensionales de la obra de los principales autores en economía y afirma...

John Maynard Keynes’ activities on the stock market are well known. One company in which he bought stocks was the Hector Whaling Company Ltd., London – a comparatively small and little known company founded in 1928. The director of this company was Rupert Trouton. He had worked with Keynes...

In A Tract on Monetary Reform John Maynard Keynes proposed to use the monetary base and the reserve-deposit ratio as main instruments of a monetary policy considered until then as no required. Beyond the concept of cycle credit developed in this book we find the first steps leading towards the...

Historians’ treatment of John Maynard Keynes’s putative anti-Semitism raises complex historiographic issues. Melvin W. Reder’s 2000 HOPE article “The Anti-Semitism of Some Eminent Economists” considered whether the term ambivalent anti-Semitism could be applied variously to John...

Die augenblickliche Finanzkrise ist nur möglich geworden, weil die amerikanische Notenbank die Kreditzinsen künstlich niedrig gehalten hat und auf diese Weise eine enorme Verlängerung der Bankbilanzen ermöglichte. Diese Verlängerung führte einerseits zu einer starken Verschuldung der...

This paper examines the decline in use of the Knight-Keynes uncertainty concept in mainstream economics. Using electronic archives, it shows that the frequency of its appearance in leading journals of economics has fallen rapidly from the 1950s. As well as to the declining popularity of...

Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourth-generation models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...