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 …

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 …

During their lives and careers, both Marshall and Keynes visited the United States and expressed views on American … invest in Wall Street on a large scale. In this paper, we argue that there is "a family resemblance" in Marshall’s and Keynes … Marshall in 1905, we see this latter episode as the starting point of a longer process, in which Keynes could observe the …

capitalistic economy. Keynes challenged the presumption that flexibility of all prices guaranteed the stability of general …

Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … supply. Keynes starts with the Marshallian equilibrium notion. The main innovation of Keynes--a conception of macroeconomic …

discontinuity, the conceptual structures of Marshall's and Keynes' conceptions of the determinants of investment are analysed and …