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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 …
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indeed represent a faithful rendition of the analytical core of Keynes's General Theory and does belong more to the Marshall-Pigou-Keynes …-LL) approach. Hicks's treatment of the supply side Keynes's reaction to the different SI-LL models later developments of SI-LL by …
Persistent link: https://www.econbiz.de/10009221587
the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture …-Wicksellian Models of Monetary Economics</li> <li>Keynes, Samuelson, Hicks and the Fate of Keynesian Economics</li> <li>Long-Run Models …
Persistent link: https://www.econbiz.de/10011115436
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding … classical macroeconomics) to Keynes. The real story is more complicated and involves at least two distinct threads. Keynes was … central. Keynes’s vision of macroeconomics is better described as “medical.” It is based in human psychology and individual …
Persistent link: https://www.econbiz.de/10011122331
This article analyzes Katona's theory of expectations and compares it to that of Keynes and Hicks. It discusses the … that borrows from the epistemology of Keynes. While rediscovering Katona's work, this paper contributes to highlight the …
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