Economics Dictionary of ArgumentsHome
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John R. Hicks on Keynesianism - Dictionary of Arguments
Mause I 57 Keynesianism/John R. Hicks: Keynesianism tried to incorporate the findings by Keynes into neoclassical theory. Problem: the neoclassical mainstream assumed that the price mechanism was in principle efficient and capable of ensuring a full employment equilibrium. Solution: And in order to capture these short-term phenomena, Keynesian analysis was used, which was formalized and annexed to the neoclassical theory building. (1) 1. J. R. Hicks, Mr. Keynes and the „classics“; a suggested reinterpretation. Econometrica 5: 1937, S. 147-159._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconHicks I John R. Hicks Mr. Keynes and the "classis"; a suggested reinterpreation 1937 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments in relation to Keynesianism
