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Hicks' first impressions on The General Theory

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  • Jorge Eduardo de Castro Soromenho

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Abstract

In this article, Hicks' first review article of Keynes´s General Theory is discussed. First we analyze the influence of Hayek's theory on the work of Hicks. We show how Hicks, reflecting on the Austrian theory of the business cycle, created the concepts of "week" and temporary equilibrium. Then we discuss how these concepts of time and equilibrium are reformulated to interpret the General Theory

Suggested Citation

  • Jorge Eduardo de Castro Soromenho, 2012. "Hicks' first impressions on The General Theory," Working Papers, Department of Economics 2012_06, University of São Paulo (FEA-USP).
  • Handle: RePEc:spa:wpaper:2012wpecon06
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    File URL: http://www.repec.eae.fea.usp.br/documentos/JSoromenho06WP.pdf
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    Keywords

    John Hicks; Keynesian economics;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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