Keynes and Equilibrium: A Note

  • M. Tonveronachi

Abstract

This chapter addresses two related aspects of equilibrium in Keynes’s theory. The first aspect concerns the methodological approach which gives coherence to Keynes’s equilibrium; the second one refers to the burdens posed by Keynesian uncertainty on the specification of equilibrium. A clarification of these aspects is a necessary preliminary step for a positive reconsideration of Keynes’s theory of underemployment equilibrium.

Keywords

Income Coherence Pyramid Rium Clarification 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Becattini, G. (ed.) (1990) Il pensiero economico: terni, problemi e scuole (Torino: UTET).Google Scholar
  2. Carabelli, A. (1985) ‘Keynes on Cause, Chance and Possibility’, in Lawson and Pesaran (eds) Keynes’ Economics. Methodological Issues (London: Croom Helm).Google Scholar
  3. Dardi, M. (1979) ‘Indicizzazione dei salari e sistema monetario: un problema di teoria’, Giornale degli economisti.Google Scholar
  4. Donzelli, F. (1986) Il concetto di equilibrio nella teoria economica neoclassica (Roma: La Nuova Italia Scientifica).Google Scholar
  5. Hahn, F. (1984) Equilibrium and Macroeconomics (Oxford: Basil Blackwell).Google Scholar
  6. Jossa, B. (1981) ‘Equilibri parziali o equilibri generali? Considerazioni metodologiche elementari sulla teoria keynesiana’, in Graziani, Imbriani e Jossa (eds) Studi di economia keynesiana (Napoli: Liguori).Google Scholar
  7. Keynes, J. M. (1924) ‘Alfred Marshall’, Economic Journal, September.Google Scholar
  8. Keynes, J. M. (1930) A Treatise on Money (London: Macmillan).Google Scholar
  9. Keynes, J. M. (1936) The General Theory of Employment, Interest and Money (London: Macmillan).Google Scholar
  10. Keynes, J. M. (1937) ‘Ex-post and ex-ante’, in The Collected Writings of J. M. Keynes, vol. XIV (London: Macmillan, 1973).Google Scholar
  11. Keynes, J. M. (1942) ‘The International Control of Raw Materials’, in The Collected Writings of J. M. Keynes, vol. XXVII (London: Macmillan, 1980).Google Scholar
  12. Kregel, J. (1976) ‘Economic Methodology in the Face of Uncertainty: The Modelling Methods of Keynes and the Post-Keynesians’, Economic Journal.Google Scholar
  13. Marshall, A. (1961) Principles of Economics (1880), variorum ed., (London: Macmillan).Google Scholar
  14. Roncaglia, A. (1990) ‘Le scuole sraffiane’, in Becattini (1990).Google Scholar
  15. Sraffa, P. (1932) ‘Dr. Hayek on Money and Capital’, Economic Journal.Google Scholar
  16. Tonveronachi, M. (1983) J. M. Keynes. Dall’instabilità ciclica all’equilibrio di sottoccupazione (Roma: Nuova Italia Scientifica; first edn, Università di Siena, 1980).Google Scholar
  17. Tonveronachi, M. (1990) ‘Teorie monetarie a Chicago’, in Becattini (1990).Google Scholar
  18. Vicarelli, F. (1983) ‘Dall’equilibrio alle probabilità: una rilettura del metodo della Teoria generale’, in Vicarelli (ed.), Attualità di Keynes (Roma-Bari: Laterza).Google Scholar

Copyright information

© Mario Sebastiani 1992

Authors and Affiliations

  • M. Tonveronachi

There are no affiliations available

Personalised recommendations