Joan Robinson Never Understood Any Part of Keynes’s Liquidity Preference Theory of the Rate of Interest in the General Theory

2020 ◽  
Author(s):  
Michael Emmett Brady
Keyword(s):  
General Theory ◽  
Preference Theory

THE KEYNES-HARROD CONTROVERSY ON THE CLASSICAL THEORY OF THE RATE OF INTEREST AND THE INTERDEPENDENCE OF MARKETS

2010 ◽  
Vol 32 (2) ◽  
pp. 263-284
Author(s):  
JÉRÔME de BOYER des ROCHES
Keyword(s):  
Labor Market ◽  
General Theory ◽  
Classical Theory ◽  
Budget Constraints ◽  
Financial Assets ◽  
Preference Theory

The aggregation of budget constraints of enterprises and households allows us to throw a new light on the controversy between Keynes and Harrod concerning the classical theory of the rate of interest. It appears that the critique of the classical theory that Keynes formulated does not presuppose the liquidity preference theory; it is based on the multiplier theory. We show that this critique is logically founded and that it is based upon the absence of the labor market in the analysis of the interdependence between the markets for financial assets and for goods. Harrod did not comprehend it completely. This explains one lacuna in the model of the General Theory that Harrod proposed in 1937. We show that it lacks an equation and that the equilibrium (hence the rate of interest) is indeterminate, which is not the case in the 1937 article by Hicks. We conclude that if there is relevance in Keynes’s criticism of the classical theory, then a similar criticism can be directed at Keynes’s own theory.

Extreme self-sacrifice beyond fusion: Moral expansiveness and the special case of allyship

2018 ◽  
Vol 41 ◽  
Author(s):  
Daniel Crimston ◽  
Matthew J. Hornsey
Keyword(s):  
General Theory ◽  
Biological Markers ◽  
Natural Environment ◽  
Relevant Dimension ◽  
Special Case

AbstractAs a general theory of extreme self-sacrifice, Whitehouse's article misses one relevant dimension: people's willingness to fight and die in support of entities not bound by biological markers or ancestral kinship (allyship). We discuss research on moral expansiveness, which highlights individuals’ capacity to self-sacrifice for targets that lie outside traditional in-group markers, including racial out-groups, animals, and the natural environment.

Review of A General Theory of Crime.

1992 ◽  
Vol 37 (11) ◽  
pp. 1225-1225
Author(s):  
No authorship indicated
Keyword(s):  
General Theory ◽  
General Theory Of Crime ◽  
Theory Of Crime
Sign in / Sign up

Export Citation Format

Share Document