Keynes and the Long Period: The Economic Possibilities for Our Grandchildren
This paper draws comparisons between the articles collected in a recent volume edited by Pecchi and Piga dealing with Keynes’s long period considerations set out in the essay Economic possibilities for our grandchildren. Comments concentrate on two of Keynes’s principal forecasts, improvement in the tenor of life and solution of the economic problem, offering an alternative interpretation focusing on their utopian rather than analytic characteristics. In this connection, comparison is made between the thesis Keynes set out in the General Theory and the argumentation pursued by the post-Keynesian school of economists.
Volume (Year): (2010)
Issue (Month): 1 (March)
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- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 94(5), pages 1002-37, October.
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