Butos, William; Koppl, Roger - In: Review of Political Economy 16 (2004) 2, pp. 239-247
Carabelli & De Vecchi dispute competing interpretations of Keynes and Hayek, including ours. They mistakenly impute to us the view that Keynes was inconsistent. They deny that Keynes had a subjectivist theory of expectations by noting his rationalist philosophy. We agree that Keynes had a...