This volume provides a critical assessment of the Neoclassical Synthesis, long regarded as the standard interpretation of Keynes. Taking issue with this orthodoxy, the author offers a unique interpretation of the foundation of modern macroeconomics, arguing that the subject derives from the conflict between two research programmes inspired by different paradigm of physics: the Newtonian programme of Hicks and the Einsteinian approach of Keynes.
Keynes and the Neoclassical Synthesis. Einsteinian versus Newtonian Macroeconomics
TOGATI, Teodoro
1998-01-01
Abstract
This volume provides a critical assessment of the Neoclassical Synthesis, long regarded as the standard interpretation of Keynes. Taking issue with this orthodoxy, the author offers a unique interpretation of the foundation of modern macroeconomics, arguing that the subject derives from the conflict between two research programmes inspired by different paradigm of physics: the Newtonian programme of Hicks and the Einsteinian approach of Keynes.
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