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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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  • Carabelli, Anna Maria

    ()

  • Cedrini, Mario Aldo

    ()
    (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 methodologic al 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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Bibliographic Info

Paper provided by University of Turin in its series Department of Economics and Statistics Cognetti de Martiis. Working Papers with number 201344.

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Length: 32 pages
Date of creation: Oct 2013
Date of revision:
Handle: RePEc:uto:dipeco:201344

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  1. 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.
  2. Marchionatti Roberto, 2009. "J. M. Keynes, thinker of economic complexity," CESMEP Working Papers 200902, University of Turin.
  3. Edward P. Lazear, 1999. "Economic Imperialism," NBER Working Papers 7300, National Bureau of Economic Research, Inc.
  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. 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.
  6. Anna M. Carabelli & Mario A. Cedrini, 2008. "Coping with Complexity. Keynes and International Economic Relations in the Aftermath of WWI," Working Papers 121, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
  7. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739.
  8. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-15, March.
  9. 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.
  10. Anna M. Carabelli & Mario A. Cedrini, 2010. ">i>Indian Currency>/i> and beyond: the legacy of the early economics of Keynes in the times of Bretton Woods II," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 33(2), pages 255-280, January.
  11. Fernando J. Cardim de Carvalho, 2013. "Keynes and the endogeneity of money," Review of Keynesian Economics, Edward Elgar, vol. 1(4), pages 431—, October.
  12. 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.
  13. 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.
  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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