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“Mr Keynes and the ‘Classics’” Again: A Methodological Enquiry

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  • Giuseppe Fontana

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Abstract

Keynes is usually interpreted as proposing, or intending to propose an original theory of employment and income. However, this paper shows that Keynes was actually proposing more than a theoretical alternative. He saw himself breaking away from the ‘Classics’ at the connected levels of theory and methodology. This paper thus argues that modern economists going back to the old story of the relation between Mr. Keynes and the ‘Classics’ can learn something about several controversial issues in macroeconomics and methodology like for instance the role of experiments and formal arguments in economics. Copyright Springer Science+Business Media, Inc. 2006

Suggested Citation

  • Giuseppe Fontana, 2006. "“Mr Keynes and the ‘Classics’” Again: A Methodological Enquiry," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(2), pages 161-174, June.
  • Handle: RePEc:kap:atlecj:v:34:y:2006:i:2:p:161-174
    DOI: 10.1007/s11293-006-9003-4
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    File URL: http://hdl.handle.net/10.1007/s11293-006-9003-4
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    Citations

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    Cited by:

    1. P Arestis & A Mihailov, 2009. "Flexible Rules cum Constrained Discretion: A New Consensus in Monetary Policy," Economic Issues Journal Articles, Economic Issues, vol. 14(2), pages 27-54, September.
    2. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.

    More about this item

    Keywords

    B30; B41; E12;

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

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