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".
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- 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.
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- 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.
- 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.
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- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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