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This paper suggests that Clark's views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preocupation with dynamic analysis. Clark developed the multiplier in dynamic...
Persistent link: https://www.econbiz.de/10003732751
– (RE) and General Disequilibrium (GD). The objective is to to assess the immediate impact of Keynes's vision in economics …, Keynes's economics is different from Keynesian economics as was firstly proposed by Axel Leijonhuvfud (Leijonhuvfud, 1968 …
Persistent link: https://www.econbiz.de/10013084582
. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce …
Persistent link: https://www.econbiz.de/10011603268
Persistent link: https://www.econbiz.de/10014199418
Ordoliberalism and Keynesianism are not exactly known to fit hand in glove. Accordingly, the German economists Walter Eucken, head of the Freiburg school, and Wilhelm Röpke, from his Istanbul and Geneva exiles, were in near perfect agreement in their opposition to the interventionist "full...
Persistent link: https://www.econbiz.de/10014384561
J. Viner, as well as all other economists who have written on Keynes's analysis of the rate of interest in the General Theory, erred in not taking into account Keynes's detailed, painstaking analysis on pp.180-182 of the General Theory, where Keynes clearly and carefully derived and identified...
Persistent link: https://www.econbiz.de/10012953043
The manner in which R. Kahn presented his mathematical results on the multiplier in the Economic Journal of June, 1931, is identical to the style of presenting mathematical results used by Keynes to present his mathematical analysis starting with the A Treatise on Probability in 1921. Keynes's...
Persistent link: https://www.econbiz.de/10012907803
Hicks's 1937 interpretation of Keynes's 1936 General Theory IS-LP(LM) model, which was analyzed in (r,Y) space by Keynes, in which Hicks used his IS-LL model in (Y,r) space, where we use Keynes's Y for income and not Hicks's I for income, supposedly generated much more interest and following...
Persistent link: https://www.econbiz.de/10012946161
It is ‘…quite puzzling,indeed'(Skidelsky,1992p.71) how a paper as extremely poor and deficient as R. B. Braithwaite's editorial foreword could have been selected to appear at the beginning of the 1973 Collected Writings of John Maynard Keynes, Volume 8, version of the A Treatise on...
Persistent link: https://www.econbiz.de/10012825285