Colocando as evidências em ordem
- Autores/as
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Paul Davidson
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- Palabras clave:
- Keynes, John Maynard 1883-1946 - Teoria Geral da Moeda, do Juro e do Emprego
- Resumen
- Keynes placed the onus on the classical economists to justify their assumptions that an economic system required the axioms of gross substitution, neutral money, and an ergodic economic processes so that the future was not uncertain. For Keynes the principle of effective demand is a general theory applicable to a//economic regimes, while the classical case was not applicable to any real world economy. This paper will demonstrate that Tobin's interpretation of Keynes is in expositional and logical conflict with Keynes's own writings on what is "essential" to and the "substance" of The General Theory of Employment. In the hope that the Old and New Keynesians's incorrect representations of Keynes's General Theory will not continue to be perpetuated in the literature, this paper will set the record straight by demonstrating: (a) Keynes recognized that his genera/theory required the jettison of some restrictive axioms of classical theory, while retaining the possibility of instantaneousiy flexible prices and (b) Keynes's principle of effective demand produces different long-run, permanent policy implications for the role of government compared to the policy implications of Old Keynesian, New Keynesian, Old Classical or New Classical models.
- Descargas
- Número
- Vol. 17 (1996)
- Sección
- Artigos
- Licencia
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.