We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations … of aggregate demand driven by sentiments and that realized demand follows from the production and employment decisions of …

employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …

We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations … of aggregate demand driven by sentiments, and that realized demand follows from the production and employment decisions …

This paper studies why the General Theory had so much impact on the economics profession through the 1960s, why that … impact began to wane in the 1970s, and why many economic policymakers cling to many of the tenets of the General Theory. We … qualitatively to patterns discussed in the General Theory, that econometric developments in the area of simultaneous equations made …

. Macmillan, London, 1933) and Keynes (The general theory of employment, interest and money. Macmillan, London, 1936) about …The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (The theory of unemployment … employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …

We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations … of aggregate demand driven by sentiments, and that realized demand follows from the production and employment decisions …