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Hicks' first impressions on The General Theory

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  • Jorge Eduardo de Castro Soromenho

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Abstract

In this article, Hicks' first review article of Keynes´s General Theory is discussed. First we analyze the influence of Hayek's theory on the work of Hicks. We show how Hicks, reflecting on the Austrian theory of the business cycle, created the concepts of "week" and temporary equilibrium. Then we discuss how these concepts of time and equilibrium are reformulated to interpret the General Theory

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File URL: http://www.fea.usp.br/feaecon/RePEc/documentos/JSoromenho06WP.pdf
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Bibliographic Info

Paper provided by University of São Paulo (FEA-USP) in its series Working Papers, Department of Economics with number 2012_06.

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Date of creation: 09 Apr 2012
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Handle: RePEc:spa:wpaper:2012wpecon06

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Keywords: John Hicks; Keynesian economics;

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