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Keynes's General Theory, Treatise on Money, and Tract on Monetary Reform: Different Theories, Same Methodological Approach?

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  • Cabelli, Anna

    ()

  • Cedrini, Mario

    ()
    (University of Turin)

Abstract

In trying to assess the content and significance of Keynes's attempted revolution in economic methodology, historians have almost exclusively focused on the General Theory. By highlighting the legacy of the Treatise on Probability for Keynes's economic writings, this paper provides evidence of strong methodological continuity between the Tract on Monetary Reform, the Treatise on Money and the General Theory, despite radical differences in the theories. We argue that the novelty of Keynes's approach lies in offering a method of analysis requiring cooperation on the part of the reader, in the effort to tackle the complexity of the economic material.

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File URL: http://www.unito.it/unitoWAR/ShowBinary/FSRepo/D031/Allegati/WP2013Dip/WP_44_2013.pdf
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Paper provided by University of Turin in its series CESMEP Working Papers with number 201302.

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Length: 32 pages
Date of creation: Sep 2013
Date of revision:
Handle: RePEc:uto:cesmep:201302

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  1. Anna M. Carabelli & Mario A. Cedrini, 2010. "Keynes and the Complexity of International Economic Relations in the Aftermath of World War I," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 44(4), pages 1009-1028, December.
  2. Robert W. Dimand, 1986. "The Macroeconomics of the Treatise on Money," Eastern Economic Journal, Eastern Economic Association, vol. 12(4), pages 431-450, Oct-Dec.
  3. D. E. Moggridge, 1986. "Keynes and His Revolution in Historical Perspective," Eastern Economic Journal, Eastern Economic Association, vol. 12(4), pages 357-369, Oct-Dec.
  4. Anna M. Carabelli & Mario A. Cedrini, 2011. " Chapter 18 of the General Theory “Further Analysed”: The Theory of Economics as A Method," Working Papers 128, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
  5. Edward P. Lazear, 2000. "Economic Imperialism," The Quarterly Journal of Economics, MIT Press, vol. 115(1), pages 99-146, February.
  6. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739.
  7. Patinkin, Don, 1975. "The Collected Writings of John Maynard Keynes: From the Tract to the General Theory," Economic Journal, Royal Economic Society, vol. 85(338), pages 249-71, June.
  8. Victoria Chick, 2003. "Theory, method and mode of thought in Keynes's General Theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(3), pages 307-327.
  9. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-15, March.
  10. Anna M. Carabelli & Mario A. Cedrini, 2009. "Indian Currency and Beyond. The Legacy of the Early Economics of Keynes in the Times of Bretton Woods II," Working Papers 121, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
  11. Greenwald, B & Stiglitz, Joseph E, 1987. "Keynesian, New Keynesian and New Classical Economics," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 119-33, March.
  12. Fernando J. Cardim de Carvalho, 2013. "Keynes and the endogeneity of money," Review of Keynesian Economics, Edward Elgar, vol. 1(4), pages 431—, October.
  13. Marchionatti Roberto, 2009. "J. M. Keynes, thinker of economic complexity," CESMEP Working Papers 200902, University of Turin.
  14. Chick, Victoria & Dow, Sheila C, 2001. "Formalism, Logic and Reality: A Keynesian Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 25(6), pages 705-21, November.
  15. Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
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