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

Antônio Carlos Macedo e Silva

11 citations0/0 files storedJournal of Post Keynesian Economics

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Economic Theory and Policy Monetary Policy and Economic Impact Economic theories and models

Abstract

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.

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1937The General Theory of Employment 1975John Maynard Keynes 1937Alternative Theories of the Rate of Interest 1990Horizontalists and Verticalists: The Macroeconomics of Credit Money 1937The "Ex-Ante" Theory of the Rate of Interest 1991Money and credit in capitalist economies: the endogenous money approach 2013Theory of Unemployment 2002Financial Markets, Money and the Real World

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