Against rigid rules: Keynes's economic theory
This paper provides textual evidence of Keynes's position on monetary policy and shaping international monetary relations. One result of my contribution is that the famous dichotomy rules versus discretion is of no relevance to his economic theory, because he used the term rules not in the meaning of a formal brilliantly designed notion.He definitely made a distinction between non-rigidly-fixed-rules and discretion. I give an explanation why his economic theory is not compatible with principles of constructivism, empiricism and ontological realism by referring to a key term of his economic writings, i.e., discretionary decision.
|Date of creation:||2003|
|Date of revision:|
|Contact details of provider:|| Postal: Garystr. 21, 14195 Berlin (Dahlem)|
Phone: (030) 838 2272
Fax: (030) 838 2129
Web page: http://www.wiwiss.fu-berlin.de/en/index.html
More information through EDIRC
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 Dimand, 1988. "The Origins of the Keynesian Revolution," Books, Edward Elgar Publishing, number 139, April.
- Davis,John B., 2008.
"Keynes's Philosophical Development,"
Cambridge University Press, number 9780521065511, November.
- McKinnon, Ronald I, 1993. "The Rules of the Game: International Money in Historical Perspective," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 1-44, March.
- Alan P. Kirman, 1992. "Whom or What Does the Representative Individual Represent?," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 117-136, Spring.
- Craig Freedman, 1995. "Animal spirits in his soup: a look at the methodology and rhetoric of The General Theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 2(1), pages 79-104.
- Baert, Patrick, 1996. "Realist Philosophy of the Social Sciences and Economics: A Critique," Cambridge Journal of Economics, Oxford University Press, vol. 20(5), pages 513-22, September.
- Tobin, James, 1983. "Monetary Policy: Rules, Targets, and Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 15(4), pages 506-18, November.
- Gilles Dostaler, 1995. "Keynes et Bretton Woods," Cahiers de recherche du Département des sciences économiques, UQAM 9502, Université du Québec à Montréal, Département des sciences économiques.
- Warren Samuels, 1996. "Postmodernism and economics: a middlebrow view," Journal of Economic Methodology, Taylor & Francis Journals, vol. 3(1), pages 113-120.
- Blinder, Alan S, 1987. "Keynes, Lucas, and Scientific Progress," American Economic Review, American Economic Association, vol. 77(2), pages 130-36, May.
- Donald Moggridge, 2002. "'Rescuing Keynes from the economists'?: the Skidelsky trilogy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(1), pages 111-123.
- Bateman, Bradley W, 1991. "Das Maynard Keynes Problem: Review Article," Cambridge Journal of Economics, Oxford University Press, vol. 15(1), pages 101-11, March.
When requesting a correction, please mention this item's handle: RePEc:zbw:fubsbe:20032. 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: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.