The shortcomings of Keynesianism : the confusion between the rate of interest and profit
Part of : Σπουδαί : journal of economics and business ; Vol.52, No.1-2, 2002, pages 7-31
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7-31
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This paper is an endeavour to shed some light to the gaps and contradictions in the Theory that Keynes put forward. The Theory, far from being revolutionary, reiterated the neo-classical views on a number of issues, portrayed a distinct lack of an analysis of phenomena of profound significance such as Credit and put overwhelming emphasis on the rate of interest. Based on such a singularity, Keynes, using one Theory (that of the rate of interest), attempted to explain, both the rate of interest as well as profit, the driving force in capitalism. As a consequence, a great deal between the two was missing.
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Περιέχει σημειώσεις και βιβλιογραφία
