The Notion of Equilibrium in the Keynesian Theory

ISBN-13: 9781349220885 / Angielski / Miękka / 1992 / 247 str.

Mario Sebastiani

Opis

One of the reasons which make the Keynesian controversy still so live, is the missing distinction between aspects concerning methodology and others pertaining to theory. Another cause of the ongoing debate is to be found in unsettled problems concerning methodology, in primis the concept the equilibrium. Nor could the situation have been different, given, on the one hand, Keynes's manifest disaffection with these matters (especially in The General Theory) and, on the other hand, their implications as regards Keynesian economic theory and policy. The aim of this volume ensues from this analysis; accordingly, a wide spectrum of questions of method are considered and different interpretations of Keynes's approach in this field are taken into consideration.

Spis treści

Acknowledgements - Dedication; G.Harcourt - Introduction; M.Sebastiani - Notes on the Contributors - The Nature and Role of Equilibrium in Keynes's General Theory; A.Asimakopulos - A Note on Keynes's Use of the Term 'Equilibrium' in the General Theory; D.Patinkin - Keynes and Equilibrium: A Note; M.Tonveronachi - Keynes and Conventional Equilibria; B.Littleboy - Keynesian Equilibrium and the Inducement to Invest; O.Capponi - Keynes and Long-period Positions; M.Sebastiani - Keynes and the Concept of Equilibrium; G.Caravale - On Keynes's Method in Economic Theory; G.Harcourt - The General Theory: Critical and Constructive; R.Goodwin - The Identity Between Aggregate Supply and Demand Price Equilibrium and Labour Market Equilibrium at Less than Full Employment; J.A.Kregel - Keynesian Unemployment is Involuntary and is an Equilibrium State; B.Jossa - Equilibrium Without Constraint; E.J.Nell - Social Norms, Fluctuations and Money in a Linear Model of Prices; S.Parrinello - Information Failures and Wandering Systems in Keynesian Economics; C.Arnsperger - A Note on Kalecki's and Keynes's Unemployment Equilibrium; J.Osiatynski - Post Keynesians Versus Neo Keynesians on Imperfect Competition and Unemployment Equilibrium; A.Boitani - Index