Keynes, Sraffa and the Emergence of the General Theory: Some Thoughts
AbstractThis note looks into the issue of whether or not Sraffa had any significant influence on Keynesâ€™s thinking in the period of preparation of the General Theory. Questioning the view recently expressed by Pasinetti (2007), we suggest there is reason to surmise that Sraffa may have pointed Keynes to a way of escape from the traditional conception of the rate of interest, a line of thought which Keynes developed into the liquidity preference explanation of interest on money.
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Bibliographic InfoPaper provided by University of Strathclyde Business School, Department of Economics in its series Working Papers with number 0804.
Length: 22 pages
Date of creation: Apr 2008
Date of revision:
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General Theory (Emergence); LIquidity Preference; Sraffa; Own Rates;
Find related papers by JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
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- NEP-HPE-2008-06-13 (History & Philosophy of Economics)
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