Showing 61 - 70 of 4,202
Cet article revient sur les liens entre la loi psychologique fondamentale de Keynes et la théorie du choix … théorie générale de Keynes ainsi que sur celle du contexte dans lequel elle a été élaborée pour discuter l'identité du cadre d …
Persistent link: https://www.econbiz.de/10004985477
Keynes’ General Theory provides an interesting metaphor for asset markets: they are like newspaper competitions where … closest to the average preferences. Keynes did not explicitly formalise the metaphor but his observations about the bond … of decision rules from the suggestions in the General Theory and Keynes' QJE(1937) paper, and introduces a concept of …
Persistent link: https://www.econbiz.de/10005126429
This paper examines the unemployment controversy between J. M. Keynes and A. C. Pigou, mainly from the latter …
Persistent link: https://www.econbiz.de/10005105850
The Invisible Hand, one of the Great Ideas of history and one of the most influential, is Adam Smith's most important legacy to macroeconomics, as to all economics. It is particularly important today as the ultimate inspiration for the New Classical Macroeconomics and for Real Business Cycle...
Persistent link: https://www.econbiz.de/10005464011
This article shows that the criticism made by Hicks to the Treaty on the Currency of Keynes is not correct. Thus, we … present the model of Keynes to show that the equality between investment and saving is a monetary equilibrium condition and …
Persistent link: https://www.econbiz.de/10005606923
Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique," and that it is misleading …
Persistent link: https://www.econbiz.de/10005649780
Professor González criticizes the separation of the microeconomic and the macroeconomics, he considers this inadequate not only from the theoretical point of view, but also from a pedagogical perspective. The first part of the article shows how economic theory has been built without...
Persistent link: https://www.econbiz.de/10005697819
The article introduces the articles collected in the present issue of the journal. It places the various contributions in perspective, critically summarizing the major economic developments since the publication of the last issue. It focuses in particular on Minsky's contribution and its...
Persistent link: https://www.econbiz.de/10010742219
The paper considers Keynes’s major contributions before "The General Theory", namely "A Tract on Monetary Reform" and … this that Friedman radically objected. We identify the main areas in which Keynes departed from the mainstream theory of … the time, and show how Friedman attempted to undermine each of Keynes’s major contributions and the extent to which he was …
Persistent link: https://www.econbiz.de/10010747997
Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian …
Persistent link: https://www.econbiz.de/10010681093