Add to ORKGIt will be a part of the purpose of this paper to show that Keynesian economics treats a closed economy in a static condition while American and British society in actuality exist in open economies in a dynamic condition. In scope this paper is limited to an appraisal of the first of the main concepts of John Maynard Keynes' General Theory. That is, this paper will be concerned only with the "Theory of the Propensity to Consume" and its ramifications
The Keynes' "General Theory", published 80 years ago, overthrew the neoclassical orthodoxy and creat...
This chapter explains the role of consumption expenditures in modern economies and their significanc...
The classical theory of the rate of interest is the theory that mainstream economists inherited chie...
Keynes assigned a central role to consumption in his theory of income determination, but unlike othe...
International audienceThe traditional view of Keynes's theory as 'macroeconomics', rather than the t...
In contrast with the ‘missing micro-foundations’ argument against Keynes’s macroeconomics, the paper...
Recently, the dynamic general equilibrium (DGE) model, or its more popular version, the Real Busines...
As is known, explicit consideration of the different propensities to consume of the various groups o...
On the 75Th anniversary of the publication of The General Theory, this paper explores the framework ...
The purpose of this paper is to revisit Keynes's ideas on knowledge, expectations and rationality in...
Keynes’s General Theory argues there is no self-regulating mechanism that guarantees full employment...
Most economists assume that Keynes's theory of the capitalist macroeconomy is adequately repres...
The title of the paper alerts the reader to the fact that while the role of money in Keynes’s earlie...
Some interpretations restrict the applicability of the General Theory to modem capitalism because of...
This paper argues that the modern stochastic consumption model, in which impatient consumers face un...
The Keynes' "General Theory", published 80 years ago, overthrew the neoclassical orthodoxy and creat...
This chapter explains the role of consumption expenditures in modern economies and their significanc...
The classical theory of the rate of interest is the theory that mainstream economists inherited chie...
Keynes assigned a central role to consumption in his theory of income determination, but unlike othe...
International audienceThe traditional view of Keynes's theory as 'macroeconomics', rather than the t...
In contrast with the ‘missing micro-foundations’ argument against Keynes’s macroeconomics, the paper...
Recently, the dynamic general equilibrium (DGE) model, or its more popular version, the Real Busines...
As is known, explicit consideration of the different propensities to consume of the various groups o...
On the 75Th anniversary of the publication of The General Theory, this paper explores the framework ...
The purpose of this paper is to revisit Keynes's ideas on knowledge, expectations and rationality in...
Keynes’s General Theory argues there is no self-regulating mechanism that guarantees full employment...
Most economists assume that Keynes's theory of the capitalist macroeconomy is adequately repres...
The title of the paper alerts the reader to the fact that while the role of money in Keynes’s earlie...
Some interpretations restrict the applicability of the General Theory to modem capitalism because of...
This paper argues that the modern stochastic consumption model, in which impatient consumers face un...
The Keynes' "General Theory", published 80 years ago, overthrew the neoclassical orthodoxy and creat...
This chapter explains the role of consumption expenditures in modern economies and their significanc...
The classical theory of the rate of interest is the theory that mainstream economists inherited chie...