The State of Interpretation of Keynes
Interest in John Maynard Keynes's economic, political and philosophical thinking has undergone a tremendous revival in the last decade. The essays and comments collected in this volume were written on a set of themes representative of the current state of
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RECENT ECONOMIC THOUGHT SERIES Editors: Warren J. Samuels Michigan State University East Lansing, Michigan, USA
William Darity, Jr. University of North Carolina Chapel HilI, North Carolina, USA
Other books in the series: Mercuro, N.: TAKING PROPERTY AND JUST COMPENSATION de Marchi, N.: POST-POPPERIAN METHODOLOGY OF ECONOMICS Gapinski, J.: THE ECONOMICS OF SAVING Darity, W.: LABOR ECONOMICS: PROBLEMS IN ANALYZING LABOR MARKETS CaldwelI, B. and Boehm, S.: AUSTRIAN ECONOMICS: TENSIONS AND DIRECTIONS Tool, Marc R.: INSTITUTIONAL ECONOMICS: THEORY, METHOD, POLICY Babe, Robert E. : INFORMATION AND COMMUNICATION IN ECONOMICS Magnusson, Lars: MERCANTILIST ECONOMICS Garston, Neil: BUREAUCRACY: THREE PARADIGMS Friedman, James W.: PROBLEMS OF COORDINATION IN ECONOMIC ACTIVITY Magnusson, Lars: EVOLUTIONARY AND NEO-SCHUMPETERIAN APPROACHES TO ECONOMICS Reisman, D.: ECONOMIC THOUGHT AND POLITICAL THEORY Burley, P. and Foster, J.: ECONOMICS AND THERMODYNAMICS: NEW PERSPECTIVES ON ECONOMIC ANALYSIS Brennan, H.G. and Waterman, A.C.: ECONOMICS AND RELIGION: ARE THEY DISTINCT? Klein, Philip A.: THE ROLE OF ECONOMIC THEORY Semmler, WilIi.: BUSINESS CYCLES: THEORY AND EMPIRICS Little, Daniel: ON THE RELIABILITY OF ECOONOMIC MODELS: ESSAYS IN THE PHILOSOPHY OF ECONOMICS
TIIE STATE OF INTERPRETATION OFKEYNES
edited by
John B. Davis of Marquette U niversity Milwaukee, Wisconsin
" ~.
Springer Science+Business Media, LLC
Library of Congress Cataloging-in-Publication Data The state of interpretation of Keynes / edited by John B. Davis. p. cm. -- (Recent economic thought series) Includes index. ISBN 978-94-010-4610-7 ISBN 978-94-011-1392-2 (eBook) DOI 10.1007/978-94-011-1392-2 1. Keynesian economies. I. Davis, John Bryan. 11. Series. HB99.7.S698 1994 94-34751 330. 15'6--dc20
CIP
Copyright ~ 1994 by Springer Science+Business Media New York
Originally published by Kluwer Academic Publishers, New York in 1994 Softcover reprint ofthe hardcover 1st edition 1994
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photo-copying, recording, or otherwise, without the prior written permission of the publisher, Springer Science+Business Media, LLC
Printed on acid-free paper.
Contents
Contributing Authors
vii
1 Introduction: The Interpretation of Keynes's Work John B. Davis
2 Changes in Output in Keynes's Treatise on Money Edward J. Amadeo
13
Comment: Edward Amadeo's Contributions to the Interpretation of Keynes's Economics Robert E. Prasch
27
3 The Own-Rates Framework as an Interpretation of the General Theory: A Suggestion for Complicating the Keynesian Theory of Money Michael Syron Lawlor Comment: Michael Lawlor's Own-Rates Interpretation of the General Theory Colin Rogers 4 Rethinking the Keynesian Revolution Robert W. Bateman
Comment: Expectations, Confidence and the Keynesian Revolution Robert W. Dimand
5 Keynes's Vision: Method, Analysis and "Tactics" G. C. Harcourt and Claudio Sardoni Comment: Keynes's: Vision and Tacti
