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Pre-Keynesian roots of the neoclassical synthesis

Author

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  • Alessandro Roncaglia
  • Mario Tonveronachi

Abstract

[fre] Cet article effectue une comparaison entre l'approche pré-keynésienne de la théorie du revenu et de l'emploi et la synthèse néo-classique, ainsi que l'approche monétariste (représentées respectivement par Pigou, Modigliani et Friedman). Sur la base de cette comparaison, on soutient que l'approche pré-keynésienne et la synthèse néo-classique ont en commun leur fondation théorique, tandis qu'il n'y a aucune différence théorique fondamentale entre la synthèse néo-classique et les monétaristes. Ces trois approches sont ainsi sujettes aux mêmes critiques fondamentales. [eng] This paper compares the pre-Keynesian approach to the theory of income and employment with the neoclassical synthesis and the monetarist approach (as represented respectively by Pigou, Modigliani and Friedman). On the basis of this comparison, it is maintained that the pre-Keynesian approach and the neoclassical synthesis share a common theoretical foundation, while there an ; no basic theoretical differences between neoclassical synthesis and monetarists. Thus all three approaches are subjected to the same basic criticisms.

Suggested Citation

  • Alessandro Roncaglia & Mario Tonveronachi, 1985. "Pre-Keynesian roots of the neoclassical synthesis," Cahiers d'Économie Politique, Programme National Persée, vol. 10(1), pages 51-65.
  • Handle: RePEc:prs:caecpo:cep_0154-8344_1985_num_10_1_997
    DOI: 10.3406/cep.1985.997
    Note: DOI:10.3406/cep.1985.997
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    Cited by:

    1. Alessandro Roncaglia, 2014. "Teoria dell'occupazione: due impostazioni a confronto," Moneta e Credito, Economia civile, vol. 67(267), pages 243-270.
    2. Stirati, Antonella, 2014. "Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics," MPRA Paper 53743, University Library of Munich, Germany.
    3. Mario Tonveronachi, 2020. "Ages of Financial Instability," Economics Working Paper Archive wp_947, Levy Economics Institute.
    4. Antonella Stirati, 2016. "Real wages in the business cycle and the theory of income distribution: an unresolved conflict between theory and facts in mainstream macroeconomics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(2), pages 639-661.
    5. Massimo Cingolani, 2008. "Full Employment as a Possible Objective for EU Policy I. A Perspective From the Point of View of The Monetary Circuit," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(1), pages 89-114, March.
    6. Alessandro Roncaglia, 2014. "The theory of employment: two approaches compared," PSL Quarterly Review, Economia civile, vol. 67(270), pages 241-268.
    7. Rancan, Antonella, 2012. "Modigliani's 1944 Wage Rigidity Assumption and the Construction of the Neoclassical Synthesis," Economics & Statistics Discussion Papers esdp12069, University of Molise, Department of Economics.

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