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Lange and Keynes

Author

Listed:
  • Jan Toporowski

    (Department of Economics, SOAS University of London, UK)

Abstract

Lange engaged with Keynes in the matter of Keynes's macroeconomics, and over econometrics. Lange's interpretation of the Keynesian macroeconomic model laid the foundation for the neo-classical synthesis. But it was limited in its monetary economics. Lange also intervened in the Keynes-Tinbergen dispute over the scope and significance of econometrics. Lange collaborated in a paper that conceded Keynes's main point that empirical investigation could not determine theory, but insisted that theories could nevertheless be tested empirically. The paper was never publish and Keynes, unconvinced, planned to recruit Kalecki to his critique of econometrics.

Suggested Citation

  • Jan Toporowski, 2012. "Lange and Keynes," Working Papers 170, Department of Economics, SOAS University of London, UK.
    • Handle: RePEc:soa:wpaper:170
    as

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    File URL: https://www.soas.ac.uk/sites/default/files/2022-10/economics-wp170.pdf
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    References listed on IDEAS

    as
    1. Hendry,David F. & Morgan,Mary S., 1997. "The Foundations of Econometric Analysis," Cambridge Books, Cambridge University Press, number 9780521588706.
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    More about this item

    Keywords

    Lange; Keynes; Econometrics;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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