Economic theory in an imperfect world
| Autor: | Roger E. Backhouse |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
General equilibrium theory 060106 history of social sciences Keynesian economics 0502 economics and business 05 social sciences Economics 0601 history and archaeology Context (language use) 06 humanities and the arts Imperfect 050207 economics Relation (history of concept) |
| Zdroj: | Oxford Economic Papers. 72(4):1091-1107 |
| ISSN: | 0030-7653 |
| Popis: | Frank Hahn was both a Keynesian economist, active in policy debates, and an economic theorist. Placing his work in the context of attempts to make theoretical sense of Keynesian economics, this article explores the way Hahn used abstract general equilibrium theory to draw conclusions relevant to policy in an ‘imperfect’ world that does not conform to the assumptions made in the theory. Hahn’s rigorous approach to theorizing as the route to understanding is assessed in relation to the different approaches of Robert Lucas, Milton Friedman, Paul Samuelson and Axel Leijonhufvud. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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