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La crítica de Hicks al Tratado del Dinero de Keynes


  • Alexander Tobón Arias

    () (Universidad de Paris X Nanterre)


This article shows that the criticism made by Hicks to the Treaty on the Currency of Keynes is not correct. Thus, we present the model of Keynes to show that the equality between investment and saving is a monetary equilibrium condition and not an identity. This result cannot be obtained in the analysis of Hicks.

Suggested Citation

  • Alexander Tobón Arias, 2004. "La crítica de Hicks al Tratado del Dinero de Keynes," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 61, pages 121-130, Julio-Dic.
  • Handle: RePEc:lde:journl:y:2004:i:61:p:121-130

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    References listed on IDEAS

    1. Hicks, J. R., 1979. "Critical Essays in Monetary Theory," OUP Catalogue, Oxford University Press, number 9780198284239.
    2. Kahn, Richard, 1978. "Some Aspects of the Development of Keynes's Thought," Journal of Economic Literature, American Economic Association, vol. 16(2), pages 545-559, June.
    3. B. R. Shenoy, 1932. "An Equation for the Price-Level of New Investment Goods," The Quarterly Journal of Economics, Oxford University Press, vol. 47(1), pages 138-149.
    4. John H. Williams, 1931. "The Monetary Doctrines of J. M. Keynes," The Quarterly Journal of Economics, Oxford University Press, vol. 45(4), pages 547-587.
    5. Maria Cristina Marcuzzo, 2002. "The Collaboration between J. M. Keynes and R. F. Kahn from the Treatise to the General Theory," History of Political Economy, Duke University Press, vol. 34(2), pages 421-448, Summer.
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    More about this item


    Keynes; Hicks; price; profits; saving; investment;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation


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