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On Hayek and Keynes once again: a reply to Butos & Koppl

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  • Anna Carabelli
  • Nicolo De vecchi

Abstract

This note responds to Butos & Koppl's comment on Carabelli & De Vecchi (2001a). We acknowledge the many points of agreement between our own views on Keynes and Hayek and those of Butos & Koppl (especially as regards Hayek). Here we clarify some points of ours which have been challenged by Butos & Koppl, and introduce new arguments in support of our interpretation of Keynes's rationalism.

Suggested Citation

  • Anna Carabelli & Nicolo De vecchi, 2004. "On Hayek and Keynes once again: a reply to Butos & Koppl," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 249-256.
  • Handle: RePEc:taf:revpoe:v:16:y:2004:i:2:p:249-256
    DOI: 10.1080/0953825042000183226
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    References listed on IDEAS

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    1. Anna Carabelli, 2002. "Speculation and reasonableness: a non-Bayesian theory of rationality," Chapters, in: Shelia C. Dow & John Hillard (ed.),Post Keynesian Econometrics, Microeconomics and the Theory of the Firm, chapter 10, Edward Elgar Publishing.
    2. William N. Butos & Roger G. Koppl, 1995. "The Varieties of Subjectivism: Keynes and Hayek on Expectations," Method and Hist of Econ Thought 9505001, University Library of Munich, Germany, revised 17 May 1995.
    3. William Butos & Roger Koppl, 2004. "Carabelli & de Vecchi on Keynes and Hayek," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 239-247.
    4. Anna Carabelli, 1998. "Keynes on Probability, Uncertainty and Tragic Choices," Cahiers d'Économie Politique, Programme National Persée, vol. 30(1), pages 187-226.
    5. Anna Carabelli & Nicolo De Vecchi, 1999. "'Where to draw the line'? Keynes versus Hayek on Knowledge, ethics and economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(2), pages 271-296.
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    Cited by:

    1. Miguel A. Durán, 2005. "The problems of the the Co-Ordination problem," ThE Papers 05/09, Department of Economic Theory and Economic History of the University of Granada..
    2. Fiorillo Damiano, 2007. "Il capitale sociale nel pensiero di John Maynard Keynes," CESMEP Working Papers 200701, University of Turin.

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