Veblen and Keynes on the Economic Theory of the Capitalist Economy
The purpose of this paper is to compare Veblen and Keynes' contributions to the economic theory of the capitalist economy. The subject of this comparison are aggregate demand, determination of output and employment, determination of price level and inflation, the business cycle, monetary theory of production, and the views on economic policy and the future of capitalism. Veblen's contribution to the first four components anticipates the hydraulic interpretation of Keynes's work. Keynes's contribution to the monetary theory of production develops further Veblen's finding. On the views of economic policy and capitalism, Veblen's and Keynes's contributions are contradictory.
Volume (Year): 155 (1999)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: https://www.mohr.de/jite|
|Order Information:|| Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany|
When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(199912)155:4_594:vakote_2.0.tx_2-5. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert)
If references are entirely missing, you can add them using this form.