Hicks, a Teoria Geral e a Teoria Geral generalizada
[Hicks, the General Theory and the generalization of the General Theory]
Despite the most common interpretation of John Hicks´s formalization of the General Theory that it was mainly oriented to achieve "mathematical elegance", this paper shows that Hicks´s results are based on theoretical arguments and specific causality relations. Hicks acknowledges the importance of the "liquidity preference doctrine" and examines the effects of investment on income (the multiplier) as well as the effects of income on investment (the accelerator). Our interpretation of Hicks´s formulation and especially of the role of the rate of interest rate in his paper avails the understanding of the success of the so-called "neoclassical synthesis".
|Date of creation:||2007|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert W. Dimand, 2004. "James Tobin and the Transformation of the IS-LM Model," History of Political Economy, Duke University Press, vol. 36(5), pages 165-189, Supplemen.
- Warren Young & William Darity, Jr., 2004. "IS-LM-BP: An Inquest," History of Political Economy, Duke University Press, vol. 36(5), pages 127-164, Supplemen.
- Simonsen, Mario Henrique, 1992. "Cinquenta anos de IS-LM," Revista Brasileira de Economia, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 46(1), January.
- Robert W. Dimand, 2007. "Keynes, IS-LM, and the Marshallian Tradition," History of Political Economy, Duke University Press, vol. 39(1), pages 81-95, Spring.
- David Laidler & Roger Sandilands, 2000. "An Early Harvard Memorandum on anti-Depression Policies. Introductory Note," UWO Department of Economics Working Papers 20004, University of Western Ontario, Department of Economics.
- Sidney Weintraub, 1982. "Hicks on "IS-LM: More Explanation"?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 4(3), pages 445-453, April.
- Mauro Boianovsky, 2003. "The IS-LM Model and the Liquidity Trap Concept: from Hicks to Krugman," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] a13, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Alessandro Vercelli, 1999. "The evolution of IS-LM models: empirical evidence and theoretical presuppositions," Journal of Economic Methodology, Taylor & Francis Journals, vol. 6(2), pages 199-219.
- Coddington, Alan, 1979. "Hicks's Contribution to Keynesian Economics," Journal of Economic Literature, American Economic Association, vol. 17(3), pages 970-88, September.
- Fabiana Borges Teixeira dos Santos & Frederico Gonzaga Jayme Júnior, 1991. "IS-LM: uma leitura crítica a partir de Keynes," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 2(1), pages 149-168, August.
- Besomi, Daniele, 2000. "Keynes and Harrod on the Classical Theory of Interest: More on the Origin of the Only Diagram in the General Theory," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(03), pages 367-376, September.
- Bruce Caldwell, 1998. "Why Didn't Hayek Review Keynes's General Theory?," History of Political Economy, Duke University Press, vol. 30(4), pages 545-569, Winter.
- Kregel, J A, 1976. "Economic Methodology in the Face of Uncertainty: The Modelling Methods of Keynes and the Post-Keynesians," Economic Journal, Royal Economic Society, vol. 86(342), pages 209-25, June.
- Hicks, John R, 1979. "On Coddington's Interpretation: A Reply," Journal of Economic Literature, American Economic Association, vol. 17(3), pages 989-95, September.
- Rappoport, Peter, 1992. "Meade's General Theory Model: Stability and the Role of Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(3), pages 356-69, August.
- Mauro Boianovsky, 2005. "Some Cambridge reactions to The General Theory: David Champernowne and Joan Robinson on full employment," Cambridge Journal of Economics, Oxford University Press, vol. 29(1), pages 73-98, January.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:3286. 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: (Joachim Winter)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.