Hicks, a Teoria Geral e a Teoria Geral generalizada
[Hicks, the General Theory and the generalization of the General Theory]
AbstractDespite the most common interpretation of John Hicks´s formalization of the General Theory that it was mainly oriented to achieve "mathematical elegance", this paper shows that Hicks´s results are based on theoretical arguments and specific causality relations. Hicks acknowledges the importance of the "liquidity preference doctrine" and examines the effects of investment on income (the multiplier) as well as the effects of income on investment (the accelerator). Our interpretation of Hicks´s formulation and especially of the role of the rate of interest rate in his paper avails the understanding of the success of the so-called "neoclassical synthesis".
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 3286.
Date of creation: 2007
Date of revision:
Other versions of this item:
- Claudia Heller, 2007. "Hicks, A Teoria Geral e A Teoria Geral Generalizada," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 8(3), pages 401â436.
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
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- Sidney Weintraub, 1982. "Hicks on "IS-LM: More Explanation"?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 4(3), pages 445-453, April.
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- David Laidler & Roger Sandilands, 2000. "An Early Harvard Memorandum on anti-Depression Policies. Introductory Note," UWO Department of Economics Working Papers 20004, University of Western Ontario, Department of Economics.
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