Donzelli, Franco - Dipartimento di Economia, Management e Metodi … - 2006
In Chapter 17 of the General Theory (henceforth GT) Keynes tries to generalize the standard GT model, which can be … choice and capital-asset pricing based on a newly devised notion of “own rate of interest”. Yet Keynes’ attempt can hardly be … regarded as successful: in fact, soon after the publication of the GT, Keynes himself apparently gives up defending the …