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on Keynes’ General Theory during the Oxford Meeting in September 1936 to stress an important event for the development of … Keynes and Marshall and that between Marshall and Walras, the analysis of expectations and of time in his IS-LM model and the … of limiting the theoretical content of Keynes’ General Theory within the neoclassical tradition. …
Persistent link: https://www.econbiz.de/10009277296
A despeito da interpretação mais comum de que a formalização da Teoria Geral elaborada por John Hicks é inspirada principalmente pela busca de “elegância matemática”, este artigo mostra que Hicks se baseia em argumentos teóricos e relações de causalidade específicas para chegar...
Persistent link: https://www.econbiz.de/10005056735
This paper intends to discuss some problematic properties IS-LM and loanable funds together have when dealing with fiscal deficits. Many others have focused on its assumptions for criticism of IS-LM, but I will mainly focus on its fundamental modelling nature. To say more specifically, I will...
Persistent link: https://www.econbiz.de/10011113048
The first article published by Franco Modigliani has become one of the basic texts of the modern Keynesian economics. It formalized the model (or at least one model) implicit in the General Theory. Modigliani argued that the characteristics Keynesian conclusions are based primarily on the...
Persistent link: https://www.econbiz.de/10010854279
-il, des contributions de Keynes, dans le Traité de la Monnaie, et de Kalecki. Cependant, alors que Keynes et Kalecki …
Persistent link: https://www.econbiz.de/10005328267
While Keynes can be considered the true father of the “unorthodox” monetary policies introduced by the Bank of Japan … and the Federal Reserve, these policies also provide the test of their efficacy that Keynes called for. They suggest that … Keynes’s Treatise optimism was misplaced, and that his more nuanced, skeptical, position in the General Theory was more …
Persistent link: https://www.econbiz.de/10010603896
In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment …
Persistent link: https://www.econbiz.de/10010721583
In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the …
Persistent link: https://www.econbiz.de/10010721584
Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I … Propensity to Consume and the Multiplier. Contrary to the widely held belief, Keynes saw the consumer as an intertemporally …
Persistent link: https://www.econbiz.de/10010721585
This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes’ thought … were debating issues very similar to the ones with which Keynes was wrestling. …
Persistent link: https://www.econbiz.de/10010721586