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the General Theory, along with the dimension of time, history and path-dependence, makes it possible to conceive Keynes …
Persistent link: https://www.econbiz.de/10013314560
The Pigou effect was conceived to counter Keynes’s argument that a competitive economy could remain in the state of high unemployment. Before he introduced this idea, Pigou had debated with Keynes the same question of whether an economy has the tendency to recover full employment. He lost in...
Persistent link: https://www.econbiz.de/10011642553
Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...
Persistent link: https://www.econbiz.de/10011603268
After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full … recent results in behavioral economics. Keynes' macroeconomics is the result of his microeconomics. Keynes' theory is a …
Persistent link: https://www.econbiz.de/10011929683
Keynes originally published his Essays in Biography in 1933. After his death, Rupert Hart-Davies reprinted the volume, adding, with the help of Sir Geoffrey Keynes (Keynes's brother), “three of the more important of Keynes's later writings – the essays on … Jevons and Newton and his...
Persistent link: https://www.econbiz.de/10012982543
Keynes was writing the General Theory, a correspondence that failed to resolve theoretical differences culminating in Hawtrey …'s critical review of the General Theory and their 1937 exchange in the Economic Journal …
Persistent link: https://www.econbiz.de/10012863708
The paper suggests a consistent interpretation for the much debated Z-footnote on pp. 55-56 of the General Theory and …
Persistent link: https://www.econbiz.de/10014181643
Don Patinkin regarded himself a Keynesian economist, in the sense that he did not believe that the automatic market mechanism of price change efficiently leads the economy to its full-employment path. In his 1956 Money, Interest and Prices Patinkin advanced an interpretation of Keynesian...
Persistent link: https://www.econbiz.de/10014192572
This paper discusses the following two hypotheses. The first one is based on the epistemological proposal which we have named the principle of discontinuity. It asserts that certain developments in the history of economic thought involve theoretical breaks which can only be fully explained by...
Persistent link: https://www.econbiz.de/10014198361
Persistent link: https://www.econbiz.de/10014199418