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Hicks’ first review of the General Theory

Author

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  • Jorge Eduardo de Castro Soromenho

Abstract

In this article, we present an interpretation of the Hicks' first review of Keynes´s General Theory. 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 the author reformulated these concepts of time and equilibrium to interpret the General Theory. JEL Classification: B22.

Suggested Citation

  • Jorge Eduardo de Castro Soromenho, 2014. "Hicks’ first review of the General Theory," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(2), pages 327-343.
  • Handle: RePEc:ekm:repojs:v:34:y:2014:i:2:p:327-343:id:276
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/276/266
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    Keywords

    John Hicks; Keynesian economics;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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