Keynes and Equilibrium: A Note

  • M. Tonveronachi


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.


Labour Market Real Wage Specific Theory Market Equilibrium Market Rate 
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© Mario Sebastiani 1992

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  • M. Tonveronachi

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