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Keynes and the Long Period

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  • de Carvalho, Fernando J Cardim

Abstract

The concept of normality is developed by John Maynard Keynes independently of long-period concerns, based on features of the environment and of the way agents make their decisions. A long-period analysis along the lines set by Keynes would demand the study of the factors of continuity that connect each short period to the next. A long-period model "in the old sense," no matter what kind of theoretical innovation it may contain, will not do. Copyright 1990 by Oxford University Press.

Suggested Citation

  • de Carvalho, Fernando J Cardim, 1990. "Keynes and the Long Period," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(3), pages 277-290, September.
    • Handle: RePEc:oup:cambje:v:14:y:1990:i:3:p:277-90
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    Cited by:

    1. Antonio Carlos Macedo e Silva & Cláudio Hamílton dos Santos, 2008. "Peering over the edge of the short period? The Keynesian Roots of Stock-Flow Consistent Macroeconomic Models," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807151456380, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Christian Tutin, 2004. "Towards a Kyenesian dynamics ? Harrod, Hicks and Ohlin, readers of the General Theory [Dynamiser Keynes ? Harrod, Hicks Et Ohlin, Lecteurs De La Theorie Generale]," Post-Print hal-03649831, HAL.
    3. Christian Tutin, 1993. "Synthèse ricardienne, illusion keynésienne ? Un commentaire," Cahiers d'Économie Politique, Programme National Persée, vol. 22(1), pages 83-92.

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