Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over … the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an … basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory …

on his approach to measurement and theory. The paper closes with the transcription of a brief autobiographical talk by …

Keynes’s IS-LM model in the General Theory, defined in (r,Y) space and contained in chapter 21 in Part IV on pp. 298 …-299 of the General Theory, was derived from the underlying D-Z model of Chapter 20 that incorporated expectations and … ASC occurs two times in the General Theory. The first derivation is contained in ft. 2 of pp. 55-56 of the General Theory …

deduced from the theory's axioms than in the negative results which may emerge from empirical testing. It is very rare to see … a theory disregarded because of an apparent disconfirmation. In economics there is, broadly speaking, nothing like a … use of mathematics, the relationship between economic theory and applied economics as well as other methodological issues …

popularity. Econometrics has arguably taken a more central role in the discipline than even formal economic theory. And, most … economics and these new social scientific methods. Do Austrian critiques of the excessive ambitions of formal theory and … distinctively Austrian theories? How should we update our views on the relationship between abstract economic theory and empirical …