haku: @indexterm EQUILIBRIUM THEORY / yhteensä: 340
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| Tekijä: | Mini, P. |
| Otsikko: | Keynes on markets: a survey of heretical views |
| Lehti: | American Journal of Economics and Sociology
1996 : JAN, VOL. 55:1, p. 99-110 |
| Asiasana: | ECONOMICS EQUILIBRIUM THEORY MARKETS |
| Kieli: | eng |
| Tiivistelmä: | The heart of modern economics is the study of "the market", eventually ensuing in the General Equilibrium model. J.M.Keynes ignored this line of inquiry but from 1907, when he was at the India Office, to the 1940s, when he made proposals for the post-war reconstruction of the financial system, he often addressed himself to the functioning of markets. He is critical of many markets for promoting instability, and especially for embodying low values (greed, fear). It is suggested that Keynes' views on markets were shaped by his personal experiences as an investor; by his realistic, non-theoretical approach. |
SCIMA