Missing details and conspicuous absences: from the Treatise to the General Theory

Missing details and conspicuous absences: from the Treatise to the General Theory

This paper aims at interpreting some of the many simplifying assumptions adopted by Keynes to explain, in the General Theory, liquidity preference, interest rate, portfolio decisions, and volume of investment. It is suggested that Keynes emphasized a partial and particular model that should be under...

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Veröffentlicht in:Journal of post Keynesian economics 2008-12, Vol.31 (2), p.325-344, Article 325
1. Verfasser: Macedo e Silva, Antonio Carlos
Format: Artikel
Sprache:eng
Schlagworte:
Capital investments
Economic models
Economic theory
Financial investments
History of economic thought
Interest rates
Investment
Keynes, John Maynard
Keynesian theory
Keynesianism
Liquidity
Liquidity preference
Macroeconomics
money
portfolio composition
Post Keynesian economics
Studies
Treatises
Wealth
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Beschreibung
Zusammenfassung:This paper aims at interpreting some of the many simplifying assumptions adopted by Keynes to explain, in the General Theory, liquidity preference, interest rate, portfolio decisions, and volume of investment. It is suggested that Keynes emphasized a partial and particular model that should be understood as part of a wider theory and a much wider view.
ISSN:0160-3477
1557-7821
DOI:10.2753/PKE0160-3477310207