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Palgrave Macmillan

The Notion of Equilibrium in the Keynesian Theory

  • Book
  • © 1992

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Editors:
  1. Mario Sebastiani

    1. University of Rome, “Tor Vergata”, Italy

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Table of contents (16 chapters)

  1. Front Matter

    Pages i-xvii
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  2. The Nature and Role of Equilibrium in Keynes’s General Theory

    • A. Asimakopulos
    Pages 1-12

  3. Note on Keynes’s Use of the Term ‘Equilibrium’ in the General Theory

    • Don Patinkin
    Pages 13-17

  4. Keynes and Equilibrium: A Note

    • M. Tonveronachi
    Pages 18-31

  5. Keynes and Conventional Equilibria

    • Bruce Littleboy
    Pages 32-45

  6. Keynesian Equilibrium and the Inducement to Invest

    • Olga Capponi
    Pages 46-60

  7. Keynes and Long-Period Positions

    • Mario Sebastiani
    Pages 61-73

  8. Keynes and the Concept of Equilibrium

    • G. Caravale
    Pages 74-98

  9. On Keynes’s Method in Economic Theory

    • G. C. Harcourt
    Pages 99-105

  10. The General Theory: Critical and Constructive

    • R. M. Goodwin
    Pages 106-108

  11. The Identity between Aggregate Supply and Demand Price Equilibrium and Labour Market Equilibrium at Less than Full Employment

    • J. A. Kregel
    Pages 109-119

  12. Keynesian Unemployment is Involuntary and is an Equilibrium State

    • Bruno Jossa
    Pages 120-137

  13. Equilibrium without Constraints

    • Edward J. Nell
    Pages 138-172

  14. Social Norms, Fluctuations and Money in a Linear Model of Prices

    • Sergio Parrinello
    Pages 173-188

  15. Information Failures and Wandering Systems in Keynesian Economics: Clower-Leijonhufvud Revisited

    • Christian Arnsperger
    Pages 189-217

  16. A Note on Kalecki’s and Keynes’s Unemployment Equilibrium

    • J. Osiatyński
    Pages 218-222

  17. Post Keynesians versus New Keynesians on Imperfect Competition and Unemployment Equilibium

    • Andrea Boitani
    Pages 223-240

  18. Back Matter

    Pages 241-247
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Keywords

About this book

One of the reasons which make the Keynesian controversy still so live, is the missing distinction between aspects concerning methodology and others pertaining to theory. Another cause of the ongoing debate is to be found in unsettled problems concerning methodology, in primis the concept the equilibrium. Nor could the situation have been different, given, on the one hand, Keynes's manifest disaffection with these matters (especially in The General Theory) and, on the other hand, their implications as regards Keynesian economic theory and policy. The aim of this volume ensues from this analysis; accordingly, a wide spectrum of questions of method are considered and different interpretations of Keynes's approach in this field are taken into consideration.

Editors and Affiliations

  • University of Rome, “Tor Vergata”, Italy

    Mario Sebastiani

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