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Keynes’ Marshallian Heritage and the Walrasian Eclipse

In: Alfred Marshall and Modern Economics

Author

Listed:
  • Neil Hart

    (University of Western Sydney
    University of New South Wales)

Abstract

This chapter extends discussion in the previous chapter to consider the establishment of equilibrium analysis within macroeconomic theory. This discussion also provides an opportunity to reflect on Marshall’s influences on the contributions of his favourite pupil, John Maynard Keynes and on the extent to which subsequent development of macroeconomic theory has diverged from the methodological approach adopted by both Keynes and Marshall.

Suggested Citation

  • Neil Hart, 2013. "Keynes’ Marshallian Heritage and the Walrasian Eclipse," Palgrave Macmillan Books, in: Alfred Marshall and Modern Economics, chapter 4, pages 75-92, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02975-1_4
    DOI: 10.1057/9781137029751_4
    as

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