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

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Author Info
Antonio Carlos Macedo e Silva
Abstract

This paper aims at interpreting some of the many simplifying assumptions adopted by Keynes to explain, in the >i>General Theory>/i>, liquidity preference, interest rate, portfolio decisions, and volume of investment. It is suggested that Keynes emphasized a >i>partial and particular>/i> model that should be understood as part of a wider theory and a much wider view.

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=D47663J3V7Q00757
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Publisher Info
Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 31 (2008)
Issue (Month): 2 (December)
Pages: 325-344
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Handle: RePEc:mes:postke:v:31:y:2008:i:2:p:325-344

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

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Related research
Keywords: liquidity preference; money; portfolio composition;

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This page was last updated on 2009-12-19.

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